House Minority Leader Nancy Pelosi (D-Calif.) and Speaker John Boehner (R-Calif.) both saw their wealth tumble in the last year.
Pelosi suffered the bigger loss as her wealth tumbled by nearly a quarter, according to a financial disclosure report released Thursday.
Pelosi’s minimum net worth dropped by roughly $8.8 million in 2011, the report suggests. It valued Pelosi’s wealth as at least $26.4 million at the end of the 2011 calendar year, down from at least $35.2 million the previous year.
Pelosi also has more to lose the Boehner.
Pelosi is among the richest members of Congress, and ranked 12th on The Hill’s 2011 list of wealthiest members.
Pelosi reported almost $39.3 million in assets as well as close to $12.9 million in liabilities for 2011, according to the report. Her drop in wealth can be partly attributed in her rise in liabilities last year. For 2010, Pelosi reported about $8.3 million in liabilities.
Boehner's (R-Ohio) minimum net worth dropped by about 14 percent, according to his disclosure form. Boehner’s minimum dropped from $2.1 million in 2010 to $1.8 million in 2011, according to his financial disclosure report, released Thursday.
Boehner’s assets include a pension plan from the state of Ohio worth at least $50,000, and several investment funds, also valued at least $50,000 each.
Senate Majority Leader Harry Reid (D-Nev.) also saw a decline in his wealth, reporting a minimum net worth of $2.6 million on his financial disclosure form for 2011. That’s nearly a 24 percent drop from 2010, when he reported at least $3.4 million in wealth.
Reid reported more liabilities for 2011, which partly explains his drop in wealth. That included a campaign loan worth at least $50,000 — which he reported paying off in 2011 — and a Wells Fargo mortgage on a personal residence in Searchlight, Nev. valued at least $100,000.
In 2010, Reid only reported the campaign loan as a liability. The STOCK Act, which passed earlier this year, requires lawmakers to report the terms of their personal mortgages on their financial disclosure reports for the first time.
Among his assets, Reid reported having several real estate holdings throughout the West, including a Searchlight, Nev. mine worth at least $1,000 and 160 acres in Bullshead City, Ariz. valued at least $250,000.