The Pelosi family is one of the most talked about families in the current scene in the USA. Most people recognize the name Nancy Pelosi as she is the speaker of the US House of Representatives. She comes from a prominent political family and was involved in politics from an early age, helping with her father’s campaign. Officially, she started her political journey in the 1970s.
Well, thanks to her work in the political scene, Nancy’s family has also been in the spotlight for years. People are very interested in knowing about her family, mostly about her husband, Paul Pelosi. So, today we will take a look at Paul’s biography and get to know more about him.
Where Is Paul Pelosi From?
Nancy Pelosi’s husband Paul was born, Paul Francis Pelosi in San Francisco, California, US on 15th April 1940. He is the youngest child of his parents, Corinne Bianchi aka Corinne Pelosi, and John Pelosi, who was a wholesale pharmacist. He grew up alongside his older brothers, David Pelosi and Ron Pelosi.
Sadly the Pelosi family went through a tragedy in 1957 as they lost David in a car accident that year. What made it even worse was the fact that Paul, who was a minor then, was the one driving the car while David was the passenger. While the youngest Pelosi boy was acquitted of misdemeanor manslaughter, he must have gone through a hard time afterward.
Talking about his childhood, Paul was enrolled in St. Ignatius High School, in the San Francisco Bay Area and later in Malvern Preparatory School in Pennsylvania. He then attended Georgetown University and graduated with a bachelor of science degree in foreign service. Pelosi then earned an MBA from New York University’s Stern School of Business.
What Does Paul Pelosi Do Professionally?
Having earned an MBA from the prestigious Stern School of Business, it is no surprise that Paul Pelosi pursued a career in the business world. Sadly, details about the start of Paul’s career are a mystery, but it seems like he earned a significant amount early on.
The most successful and popular business venture that Paul has been involved in is his real estate and venture capital investment firm Financial Leasing Services, Inc. in San Francisco, California. He continued to run the company throughout the years and is still credited as a key principle to date. Moreover, many sites suggest that through the firm Paul and his wife, Nancy accumulated a personal fortune of over $100 million.
Moreover, sites such as Wealthy Gorilla have mentioned that Paul Pelosi’s net worth is estimated to be around $120 million. While much of his fortune comes from his firm, Financial Leasing Services, Inc, Paul has also invested in Oakland Invaders, an American football team of the United States Football League. Whether he still has any dealings with the team is unknown.
Furthermore, Pelosi purchased the United Football League team California Redwoods in 2009. He reportedly paid $12 million for the Redwoods and the team then moved to Sacramento, California taking the name Sacramento Mountain Lions. Paul was the majority owner, but the team went defunct in 2012. This reportedly resulted in Pelosi losing around $5 million in the deal.
But it seems this is the only failed business venture that Paul invested in. He has since made several profitable investments which even attracted media attention. He reportedly has stocks in big companies such as Apple, Walt Disney, Facebook, Russell Ranch LLC, Comcast, Alphabet, and Shutterfly to name a few. Moreover, his success in stock trading resulted in efforts from Congress to strictly control stock ownership by an individual.
When Did Paul Pelosi Marry Nancy Pelosi?
Well, besides his own success in the business and investment world, the California native’s fame is also due to his spouse, Nancy Pelosi, the speaker of the US House of Representatives. The pair met when Paul was a student at Georgetown University and Nancy was studying at Trinity College. They tied the knot at the Cathedral of Mary Our Queen, Baltimore, on September 7, 1963.
In their six decades-long relationships, the Pelosi have welcomed five kids together. Paul Pelosi’s children with his wife are Nancy Corinne Pelosi, Christine Pelosi, Jacqueline Pelosi Alexandra Pelosi, and Paul Pelosi Jr. Among them, Alexandra worked as a journalist and documentary filmmaker while Christine followed in their mother’s footsteps into politics.
Along with the fame due to their respective works, the Pelosi family has also been in the middle of controversy and a negative environment. One of the most talked about things that happened to the family is when Paul was attacked by an assailant who broke into his San Francisco home on 28th October 2022. Pelosi was attacked with a hammer by the man who was shouting Where’s Nancy?
Paul Pelosi reportedly underwent skull surgery and was expected to make a full recovery. He was released from the hospital on 3rd November. The suspect who attacked him was taken into police custody and identified as David DePape. He apparently told the police that he wanted to take Paul’s wife hostage and question her.
Well, this is one example of how fame has a negative impact on people’s safety. We hope Paul makes a swift recovery.