SHE’S SO MONEY: Nancy Pelosi’s Vineyard Makes Her 4th-Richest Californian in Congress

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A description of the property posted on its architect’s website says it was inspired by Palladian villas and boasts a guesthouse and a “Z” shaped pool.

Javier Panzar  writes: It can be an odd thing having Nancy Pelosi as your next-door neighbor.

“The Democrat has a minimum net worth of $29.3 million, according to an analysis of her financial disclosure forms compiled by Roll Call.”

Especially when the House minority leader and her husband open up their bucolic Northern California estate and vineyard on the banks of the Napa River to the likes of Google’s Eric Schmidt, wealthy environmental activist Tom Steyer and Gov. Jerry Brown.

“The Pelosi estate on Zinfandel Lane, for example, is valued between $5,000,001 and $25 million, according to the records the congresswoman filed with the House clerk’s office for calendar year 2014.”

“When all the black SUVs are circling around the property — like planes gathering over O’Hare Airport — that is when you know they are here,” Susanna Kelham, who owns a winery next to the Pelosi property in St. Helena, told the Los Angeles Times.

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“When all the black SUVs are circling around the property — like planes gathering over O’Hare Airport — that is when you know they are here.”

That was the scene last year when Pelosi hosted a dinner at the couple’s sprawling estate and vineyard about 65 miles north of Pelosi’s San Francisco district to close out a two-day conference in the wine country for political heavyweights.

Such is life for the fourth-richest Californian in Congress.

The Democrat has a minimum net worth of $29.3 million, according to an analysis of her financial disclosure forms compiled by Roll Call. The Los Angeles Times is using the data and for the first time is listing every asset and liability disclosed by the 55 members of the state’s congressional delegation.

House Minority Leader Nancy Pelosi (D-San Francisco) has a minimum net worth of $29.3 million, according to an analysis of her financial disclosure forms compiled by Roll Call.

House Minority Leader Nancy Pelosi (D-San Francisco) has a minimum net worth of $29.3 million, according to an analysis of her financial disclosure forms compiled by Roll Call.

“A description of the property posted on its architect’s website says it was inspired by Palladian villas and boasts a guesthouse and a “Z” shaped pool.”

Financial disclosure rules allow lawmakers to report broad ranges for the value of both their assets and liabilities starting at $1 to $1,000 and ending with any value greater than $50 million. Precise figures are not required. Roll Call calculated minimum net worth by subtracting the minimum value of liabilities from the minimum value of assets disclosed.

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“The estate is not just for show. The couple also collects between $5,001 and $15,000 in income from the sale of grapes grown at the vineyard. A spokesman for Pelosi did not say who the grapes were sold to or for what purpose.”

The Pelosi estate on Zinfandel Lane, for example, is valued between $5,000,001 and $25 million, according to the records the congresswoman filed with the House clerk’s office for calendar year 2014. A description of the property posted on its architect’s website says it was inspired by Palladian villas and boasts a guesthouse and a “Z” shaped pool.

The estate is not just for show. The couple also collects between $5,001 and $15,000 in income from the sale of grapes grown at the vineyard. A spokesman for Pelosi did not say who the grapes were sold to or for what purpose.

“The disclosure says grape sales,” said spokesman Drew Hammill. “That’s the only information available.”

An official with the California Department of Food and Agriculture was similarly coy, writing in an email that information about grape sales is “considered proprietary and is protected by statute.”

The Napa County Planning Commission gave the Pelosi family the OK in 2005 to operate a 5,000-gallon-a-year winery with weekly tastings, said Napa County Deputy Planning Director John McDowell.

But the Pelosis have yet to build a full-fledged winery on the property. “They did enough to activate the permit,” he said. “The ball is in their court to pursue the rest of the construction project.”

For all of Pelosi’s power and national stature, she and her husband have taken their concerns hyperlocal.

The couple was at the center of a neighborhood dispute last year when a winery was applying for permits to open next to their property….(read more)

Source: LA Times

Follow @jpanzar



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