Harris chooses Minnesota's Walz as VP in race against Trump's Vance
If Kamala Harris wins the presidency, Tim Walz will become the Vice President of the United States. The Governor of Minnesota is a teacher by training, having previously worked as a social studies teacher. He also served in the National Guard for 24 years.
4:32 PM EST, November 5, 2024
Kamala Harris chose Walz as her vice presidential candidate after Joe Biden decided not to seek a second term. Harris suggested that comparing Walz to Republican candidate JD Vance, who is endorsed by Donald Trump, is like comparing a first team to a reserve team.
The wealth of Tim Walz
From 2007 to 2019, Walz was a member of the U.S. House of Representatives. During that time, he declared assets valued at around $600,000. According to "Celebrity Net Worth," he owns a home in Mankato, Minnesota, valued at $250,000 and a rental property worth $125,000.
The value of his real estate comes from 2018, so the current value might vary. Additionally, Walz holds shares in a family farm worth about $50,000.
As the Governor of Minnesota since early 2019, Walz earns a salary of $127,000 per year, which is about $10,000 per month. He also receives a teacher's pension of approximately $8,000 per month. He is a member of the Democratic-Farmer-Labor Party, associated with the Democratic Party.
Who is Tim Walz?
Walz hails from Nebraska, where he spent his childhood before moving to Minnesota. He is a teacher by education, having formerly worked as a social studies teacher, and he served in the National Guard for 24 years.
Meanwhile, JD Vance, Walz's Republican opponent, reportedly has a net worth of about $5 million according to "Celebrity Net Worth." Vance owns Walmart shares worth approximately $100,000, bitcoins valued at $250,000, and other investments such as shares in Goldman Sachs and the QQQ Exchange Traded Fund, collectively valued at $2 million.
JD Vance's wealth
The total value of Vance's assets is close to $5.6 million. In addition to his salary as a senator, Vance receives royalties from his book "Hillbilly Elegy," which earned him $475,000 in 2021. The book's film adaptation was released by Netflix in 2020.
JD Vance's income as a senator is $174,000 annually, equating to about $14,500 per month. If Trump were to win the election and Vance became his deputy, his monthly salary would increase to $19,500.
