A Napa Valley, California luxury hotel that has for decades failed to turn much of a profit turned into a major windfall generator for former House Speaker Nancy Pelosi (D-CA) and her husband, Paul, thanks to COVID-19 pandemic emergency relief programs. The Auberge du Soleil hotel, which the Pelosis own a significant stake in, received a $9 million U.S. taxpayer-funded bailout during the pandemic, according to RealClearInvestigations.
The COVID relief money disbursed to Auberge du Soleil corresponds with a 2021 ethics report in which former Speaker Pelosi reported that her family’s income generated from their stake in the hotel jumped from $1 million to $5 million. In most years, Auberge du Soleil has reported losses ranging in the tens of thousands to hundreds of thousands of dollars.
In addition to the Auberge du Soleil, several other hotels and restaurants owned by Paul and Nancy Pelosi were recipients of taxpayer dollars through various pandemic relief programs, resulting in a $28 million windfall overall for the family. While other lawmakers also benefited from pandemic aid granted to their private businesses, the scale of the Pelosi family’s profit stands alone. The fact that the former Democrat House Speaker was one of the key negotiators in securing the passage of around $5.5 trillion in pandemic aid raises serious ethical questions regarding the level of profits she and her husband were able to draw from it.
The National Pulse previously reported that Nancy Pelosi’s net worth has hit a new record high, reaching upwards of $272 million—an exponential increase from her reported wealth just a decade ago. The 84-year-old Democrat and her husband have been prolific stock traders throughout 2024, with a reported trade volume of $137.48 million on just 171 trades.