Over her 30-year career in Congress, Feinstein has amassed a net worth of over $200 million, despite earning a salary of just $200,000 per year. Is Feinstein using her position to profit from the stock market?
Months before Mark Zuckerberg's testimony to the Senate Judiciary Committee, on which Feinstein sat, she bought $250,000 in Facebook stock. She only disclosed this after the hearing. Her faith in the company paid off, with her investment appreciating over 70%.
Next, let's revisit early 2020, when the COVID-19 pandemic started. Just days after Feinstein attended CDC hearings on the virus, her husband unloaded stocks valued between $1.5 and $6 million, including Allogene Therapeutics. The stock market took a nosedive soon after, but Feinstein was cleared by the DOJ of any wrongdoing.
Jump back to 2009, Feinstein bought $1 million of Amyris Biotech stocks, her only transaction that year. This investment became more profitable after the company received a $24 million government grant weeks later. Feinstein even introduced a bill benefitting Amyris Biotech but didn't disclose her interest in the company.
And in 2020, Feinstein's husband bought $50,000 of stock in a private polling company, College Reaction. On the day of the Capitol protest, Feinstein mentioned that this “previously unreported transaction conducted by my spouse” wasn't reported, but she escaped without paying any penalties.
Even more strikingly, Feinstein's husband was the chairman of the board of the real estate firm that got an exclusive contract from the Postal Service in 2011. Despite the apparent conflict of interest, Feinstein faced no consequences.
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