Tim Walz’s Net Worth: The Financial Profile of Kamala Harris’ Running Mate

Minnesota Governor Tim Walz, chosen as Kamala Harris’s running mate, has built a career rooted in public service, which has shaped his modest financial profile. Speaking at a rally in Philadelphia, Walz highlighted his working-class roots, contrasting his life story with that of Donald Trump while emphasizing his dedication to service.

Walz, a former public school teacher and Army National Guard member, served six terms in Congress before becoming Minnesota’s governor in 2019. Despite his extensive career in public service, his net worth is modest—just over $1 million. This figure closely aligns with the median wealth for Americans his age, which is approximately $540,000. However, unlike many politicians, Walz’s wealth is primarily derived from government pensions rather than investments or property.

"Unlike many Americans, Walz and his wife, Gwen, do not own stocks, bonds, or real estate," financial disclosure forms reveal. Instead, their wealth is tied to state, federal, and military pensions, which are collectively valued at around $1 million. By comparison, Kamala Harris has a net worth of $8 million, bolstered in part by her husband Doug Emhoff’s successful career as an entertainment lawyer.

The Republican ticket features candidates with substantial private-sector fortunes. Donald Trump’s net worth is estimated at $4.8 billion, largely inherited and expanded through investments. JD Vance has amassed around $10 million from his bestselling book and venture capital endeavors. Meanwhile, independent candidate Robert F. Kennedy Jr. is worth an estimated $15 million, and his running mate, Nicole Shanahan, is romantically linked to Google co-founder Sergey Brin.

Walz’s story is markedly different. Raised on a farm, he served in the National Guard, became a teacher, and eventually transitioned into politics. Notably, he sold the family home and took a pay cut to serve as governor. Should the Harris-Walz ticket prevail, his financial situation could improve significantly. The vice president’s annual salary is $235,000, far exceeding his current income. Additionally, former vice presidents often benefit financially from lucrative speaking engagements and book deals, potentially boosting Walz’s net worth in the long term.

This financial journey reflects Walz’s commitment to public service while highlighting the potential transformation that national office could bring to his personal fortunes.