Minnesota Governor Tim Walz, the Democratic running mate of Vice President Kamala Harris, does not own any stocks, bonds, or real estate according to his latest financial disclosure. His salary as governor is $127,629, and he did not accept a raise to $149,550 last year. If elected vice president, his annual salary would be $284,600. In 2019, he and his wife sold their home and moved into the governor’s mansion. Walz’s financial profile is modest compared to Republican nominee Donald Trump, who is a billionaire, and Kamala Harris, who listed investments and cash worth millions.
Walz’s congressional financial disclosures from his time in the U.S. House of Representatives show he sold investments in Roth IRAs and had education plans for his children. He and his wife had whole life insurance policies and pension plans. Walz reported rental income from a room in their house.
The Harris-Walz campaign had no immediate comment on Walz’s financial disclosures but expects him to file a new disclosure as a federal candidate. Walz’s financial situation reflects his background as a former high school teacher and his lack of stocks and real estate holdings. He has focused on public service and did not accumulate significant wealth during his time in the House. His financial priorities included education plans for his children, life insurance policies, and rental income.
Photo credit
www.nbcnews.com