Former House Speaker Nancy Pelosi announced she will not seek re-election, marking the end of a nearly four-decade congressional career that made her one of the most influential figures in modern American politics. Pelosi, who represents San Francisco, said she will step down at the end of her term, capping a legacy that includes passing landmark legislation and serving as the first female Speaker of the House.
- Pelosi, 85, revealed her decision in a video message to constituents, saying she looked forward to her final year in Congress and praised San Francisco’s progress and resilience.
- She served two terms as Speaker—from 2007 to 2011 and again from 2019 to 2023—overseeing the passage of the Affordable Care Act, the Inflation Reduction Act, and two impeachments of former President Donald Trump.
- Pelosi was the first woman to serve as Speaker of the House and long held a reputation for keeping her caucus united on contentious votes.
- According to Quiver Quant data, Pelosi has an estimated net worth of $280 million, up over threefold in the last decade, making her one of the wealthiest members of Congress and a frequent subject of public scrutiny over congressional stock trading.
- Her departure follows the passage of California’s Proposition 50, which will redraw congressional districts, and paves the way for a new generation of Democratic leadership under Rep. Hakeem Jeffries.
Relevant Companies
- Apple ($AAPL) – Pelosi has previously reported significant holdings in the company through her family’s investments.
- Microsoft ($MSFT) – Frequently cited among Pelosi’s top stock positions in congressional disclosures.
- NVIDIA ($NVDA) – One of the most traded stocks among members of Congress, including Pelosi’s household.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
