Grant Cardone says the ‘math’ on Nancy Pelosi’s mega wealth doesn’t add up — argues he’d ban members of Congress from trading stocks immediately if he were President

“If you’re in Congress or the Senate, you don’t get paid more than the median wage… and you cannot insider trade,” he said, imagining the rules he’d lay down as Head of the Oval Office.

“In fact, you cannot f—ing trade at all, because you’re too close to the action.”

He made these comments when quizzed about Nancy Pelosi’s (D-CA) enormous wealth accumulation on a congressional salary. Here’s what he had to say.

‘Can’t do the math’ on Pelosi’s wealth

Cardone, 66, singled out former house speaker Pelosi for amassing a reported $120 million fortune while earning a salary of $179,000, plus about $70,000 more when she was speaker of the house.

“You can’t do the math on it,” he said on VladTV, joking “she would have to be 33,000-years-old or something.”

While his math there is exaggerated on purpose, the point Cardone is hammering home remains valid: Pelosi has turned a not-too-crazy salary into a huge fortune.

The real estate investor pulled out his phone and did the calculations on the spot.

Cardone noted Pelosi is likely in a high income tax bracket. Assuming she files together with her venture capitalist husband Paul, he placed her in the highest federal tax bracket of 37% and suggested she pays at least 10% on top of that in California state income tax.

Rounding Pelosi’s potential income taxes up to 50%, Cardone said the congresswoman would be left with around $89,000 a year, after tax.

He then joked — by his math — she would need to be almost 1,500 years old to reach her current reported net worth of $120 million, based purely on her annual salary. And that’s only if she never spent a single penny (and worked every single day of her life for exactly the same salary).