Trump Criticizes Pelosi Over Alleged Insider Trading
Former President Trump recently criticized Nancy Pelosi, the former House Speaker, calling her a “disgusting regression” and suggesting that both she and her husband benefited from “insider information” in real estate dealings.
In a pointed statement, Trump claimed that Pelosi and her husband outperformed major hedge funds in 2024. He remarked, “In other words, these two very average ‘minds’ have beaten all the super geniuses on Wall Street.” He implied that their success was due to accessing confidential information, posting this on social media channel Truth Social.
He further hinted that it would be prudent to investigate Pelosi, glossing over how he maneuvered through significant Democratic challenges.
“Is anyone even watching this?” he added, casting a wide net of suspicion.
It’s unclear what triggered this attack on the 85-year-old Pelosi, who has firmly denied any involvement in insider trading.
Last month, a spokesperson for Pelosi stated, “Pelosi does not own any stocks and has no knowledge or involvement in the transaction.” The team has not responded to Trump’s recent comments.
Pelosi’s husband, Paul, has been the subject of scrutiny regarding his venture capital activities and other business dealings.
Lawmakers aren’t required to disclose their total net worth, which leaves some ambiguity regarding Pelosi’s financial status. Estimates suggest she has a net worth of at least $263.23 million, making her one of the wealthiest members of Congress, though the true figure could be higher.
In 2024, Paul Pelosi’s investments reportedly exceeded the S&P 500’s 25% gains from the previous year. Earlier this year, he invested in Tempus AI, an artificial intelligence healthcare company, when shares were priced around $31.83. Following a lucrative deal with AstraZeneca, the stock price climbed to approximately $60.87.
There have been other notable transactions, including timely moves in companies like Nvidia and Palo Alto Networks. Paul recently sold about 2.2 million shares of Microsoft, a significant sale just before the Federal Trade Commission examined the company’s antitrust practices.
In 2021, Pelosi had argued against prohibiting stock trading among Congress members, stating, “we are a free market economy,” but has since shown support for various restrictions on trading practices.
Last month, Senator Josh Hawley proposed a bill to prevent elected officials from trading individual stocks, stirring reactions from both Trump and other Republicans. This legislation, known as the Pelosi Act, aims to limit lawmakers’ ability to own or trade specific shares.
Initially, Trump had expressed frustration with Hawley, labeling him a “second tier” senator for supporting the ban. However, he later seemed to align with Hawley, noting that such restrictions wouldn’t affect him until after his presidency ends in 2029. The bill could be revisited when the Senate resumes next month.
As for Pelosi, she has not yet announced her plans regarding re-election in 2026.
