Musk Training DOGE’s Sights on ‘Strangely Wealthy’ Members of Congress: ‘How’d They Get $20 Million?’

Elon Musk, head of the Department of Government Efficiency (DOGE), indicated he will be turning his crew's attention to members of Congress who have amassed fortunes despite having base salaries under $200,000.

The tech mogul and philanthropist made the comments during a rally in Wisconsin for state Supreme Court candidate Judge Brad Schimel.

"A lot of strangely wealthy members of Congress - where I just can't - I'm trying to connect the dots of how did they become rich," he told those in attendance.

"How'd they get $20 million if they're earning $200,000 a year? Nobody can explain that," added Musk. "We're gonna try to figure it out and certainly stop it from happening."

🚨 JUST IN: Elon Musk announces he and DOGE are investigating HOW members of Congress are getting obscenely wealthy on their government salaries

Heads are about to ROLL! 🔥

“How'd they get $20 million if they're earning $200,000 a year?

Nobody can explain that.

We're gonna… pic.twitter.com/l9ungv73RQ
— Nick Sortor (@nicksortor) March 31, 2025

Golden Touch? Pelosi's Stock Portfolio Explodes 71 Percent in 2024, Beats Stock Index by 200 Percent

If you thought members of Congress were losing their minds before over DOGE's efforts to investigate fraud, you ain't seen nothin' yet.

Members of Congress may currently purchase and trade stocks and cryptocurrency, provided they report all transactions. The base salary for Senators and Representatives is $174,000 per year. Some exceptions include the Speaker of the House ($223,500), the President pro tempore of the Senate, and the majority and minority leaders in the House and Senate ($193,400).

Yet some members of Congress have net worths that put them in elite standing—well over $100-$200 million.

A good bulk of the controversy comes from what some critics feel amounts to insider trading. Sen. Josh Hawley (R-MO) went so far as to introduce legislation in 2023 that would ban lawmakers in Congress from making stock purchases or trades.

He called it the "Preventing Elected Leaders from Owning Securities and Investments" – or PELOSI – Act.

Pelosi and her husband, Paul Pelosi, have nearly $250 million combined net worth. Director of National Intelligence Tulsi Gabbard has previously, as a Democrat at the time, called out the Pelosis trading acumen as evidence that the system is "rigged."

“We have people in positions of power to pass legislation, to enact new policies,” she has said. “They can see, ‘OK, here are the industries or companies that will benefit from this. I’m going to go and make these investments, buy this stock or that stock, or have my husband or wife do it and then make money in the process.'”

You may be shocked to learn that Pelosi has consistently defended members of Congress's ability to buy and trade stocks despite having insider knowledge of legislation that may affect certain companies or industries.

“We’re a free-market economy,” Pelosi, as Speaker, has said to reporters. “They should be able to participate in that.”

She has, however, insisted that lawmakers should be abiding by the STOCK Act and disclosing their transactions.

REPORTER: "Should members of congress and their spouses be banned from trading individual stocks while serving in congress?"

PELOSI: "No...We are a free market economy. They should be able to participate in that." pic.twitter.com/2SNqSCwFEU
— Townhall.com (@townhallcom) December 15, 2021

Pelosi isn't the only beneficiary of insider knowledge, as evidenced by the success of other congressional members who have had uncanny success at beating the stock market.

🚨BREAKING🚨

I have just released the full report on politicians trading in 2023.

Like every year since 2020, US politicians beat the market.

And many in Congress made unusually timed trades resulting in huge gains.

Here are the top performers of 2023. pic.twitter.com/ykf9VICsBw
— unusual_whales (@unusual_whales) January 2, 2024

In 2021, Business Insider released a damning report titled “Conflicted Congress,” revealing “the myriad ways members of the US House and Senate have eviscerated their own ethical standards” and “avoided consequences" when it comes to questionable financial transactions.

Lawmakers, they said, had “blinded Americans to the many moments” when their “personal finances clash with their public duties.”

Bipartisan efforts to stop the practice of trading stocks for members of Congress have consistently stalled.

Can Musk and his DOGE team finally put a stop to it?

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