May 16, 2024
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Grant Cardone recently critiqued Nancy Pelosi's $120 million net worth, arguing that her $179,000 per year salary doesn't add up. Noting Pelosi's high tax bracket due to her Californian residence, Cardone calculated that after taxes, she would be left with around $89,000, making it seemingly impossible to amass such wealth. He joked that she would need to be 1500 years old if she never spent a single penny to reach her current net worth purely based on her annual salary. Cardone further suggested that if he were able to, he would impose a salary cap on Congress members' and senators' salaries, set at the median wage, and completely ban insider trading on the Hill to prevent such wealth accumulation.
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