How Nancy Pelosi Became One Of America’s Richest And Most Powerful Politicians

Nancy Pelosi’s rise from Baltimore to San Francisco intertwines public service and wealth, culminating in her status as one of America’s richest and most powerful politicians

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Nancy Pelosi’s climb to political prominence was anticipated in many respects.

Nancy D’Alesandro, the daughter of the powerful Thomas D’Alesandro Jr., who held the positions of congressman from Maryland and mayor of Baltimore from 1947 to 1959, was Nancy D’Alesandro decades before she became the first female speaker of the House in US history.

On March 26, 1940, Nancy D’Alesandro was born in Baltimore, the only female and youngest of seven children in an Italian-American family known for their public service in the city.

Following her 1958 graduation from the Institute of Notre Dame in Baltimore, she went on to Trinity College in Washington, DC, where she majored in political science and graduated with a bachelor’s degree. She was there for President John F. Kennedy’s 1961 inauguration address while attending college, and she even worked as an intern on Capitol Hill with Rep. Steny Hoyer, a Maryland representative who ascended from the state legislature to become the majority leader of the US House and one of the most well-liked lawmakers in the chamber.

Nancy D’Alesandro wed Paul Pelosi, a man she had met in college, in September 1963. After that, they had five kids: Paul Jr., Christine, Alexandra, Nancy Corinne, and Jacqueline. Pelosi’s estimated net worth, including her spouse’s, is $46 million.

The Pelosi family finally relocated to San Francisco in 1969, where the future speaker took great pride in her work as a full-time mother, which she claimed helped prepare her for her ascent to prominence in California politics and nationally.

Pelosi stated of parenting, “That’s one of the hardest things,” in a 2019 interview with The Washington Post. “Makes going to work look easy, doesn’t it?”

However as reported by GreatGameIndia, according to a New York Times article, Nancy Pelosi reportedly summoned priests to exorcise her home of evil spirits. However, the pastor of Pelosi’s neighborhood church, Fr. Arturo Albano, stated that his staff was not part of such a ritual.

This incident adds a peculiar twist to Pelosi’s already fascinating political journey, sparking intrigue and speculation about her personal beliefs and practices. Despite her public image as a seasoned politician, this revelation offers a glimpse into the private life of one of America’s most influential figures.

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Pelosi announced her candidacy for the 5th Congressional District special election at the Cathedral Hill Hotel in San Francisco, Calif., on February 12, 1987. Vince Maggiora/The San Francisco Chronicle via Getty Images

Welcome to San Francisco

In California politics, San Francisco has long been seen as the center of gravity. During the 1960s and 1970s, the counterculture was drawn to San Francisco.

The Summer of Love. Black activism and the Black Panthers in the Bay Area. the growing anti-Vietnam War demonstrations. the growth of the campaign for LGBT rights.

These initiatives greatly influenced the liberalism that would eventually come to characterize the area.

Pelosi got her start in the city’s Democratic politics during this time and in subsequent years. She joined the Democratic National Convention committee in 1976. She presided over the influential California Democratic Party from 1981 until 1983. She was also elected to the House for the first time in June 1987 in a special election to replace the late Representative Sala Burton.

Pelosi continues to control the House seat that is based in San Francisco.

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Pelosi in the House chamber on February 4, 2020.Drew Angerer/Getty Images

Rise to the Top

As the House Minority Leader in 2003, Pelosi made history as the first female leader of a political party in Congress.

She tirelessly pursued a majority in the House of Representatives over the following three years, enlisting Democratic candidates from all ideological persuasions and raising millions of dollars.

After a 12-year hold, Democrats took back control of the House in 2006, electing Pelosi as its first female speaker. In January 2007, she would take up the speaker’s gavel.

Pelosi played a crucial role in guiding President Barack Obama’s legislative agenda through Congress upon his inauguration in 2009. Notable bills he pushed through Congress included the Lilly Ledbetter Fair Pay Act, the American Recovery and Reinvestment Act, and the Affordable Care Act.

She continued in her role as minority leader after Democrats lost the majority in the House in November 2010 until the party took back control of the lower house in 2018.

During his last two years in office, Pelosi acted as a counterbalance to President Trump’s conservative agenda. She even ripped up his State of the Union speech in February 2020 when he seemed to ignore her handshake before the broadcast speech.

Upon Joe Biden’s election in 2021, Pelosi again showed her political skill by guiding the $1.9 trillion American Rescue Plan, the bipartisan infrastructure bill, and the Inflation Reduction Act of 2022 through the House. Biden signed each of them into law.

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Pelosi receives the Presidential Medal of Freedom from President Joe Biden. Kevin Dietsch/Getty Images

The Future

For the first time in her 20-year tenure, Pelosi resigned from her position as leader of the party’s lower house caucus in 2022 following the GOP’s close victory in the House.

Rep. Hakeem Jeffries of New York took over as leader of the House Democrats after her.

However, Pelosi has continued to serve as a legislator and a stand-in for Democrats in their bid to take back the House in November 2024.

Currently eighty-four years old and a recent recipient of the Presidential Medal of Freedom, the congressman is putting her career in Washington, D.C., on hold as she runs for reelection in the fall.

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  1. By going down on Bibi and all his predecessors for forty years!?
    (they don’t call her “The Mouth” because of her long speeches!)

  2. My father was an elected official on the state level based in SF. We never heard of Nancy Pelosi when she ran for Sala Burton’s seat.

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