House Minority Leader Nancy Pelosi (D., Calif.) has taken a major financial hit since President Barack Obama took office.
In 2011, the former House speaker lost nearly 25 percent of her net worth, according to the Hill:
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 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.
Despite the major drop in her net worth, Pelosi remains one of the wealthiest members of congress, ranking 12th in 2011.
