Kamala Harris taps Walz as VP candidate in pivotal election year
If Kamala Harris wins the presidential race, Tim Walz will become the USA's Vice President. The Minnesota Governor is an experienced educator, having previously worked as a social studies teacher, and he served in the National Guard for 24 years.
Kamala Harris decided to choose Walz as the vice-presidential candidate after Joe Biden decided not to seek a second term. Harris opined that, in a confrontation with the Republican candidate JD Vance, selected by Donald Trump, the comparison is akin to a first-team versus a reserve team.
The wealth of Tim Walz
Walz served as a member of the U.S. House of Representatives from 2007 to 2019. Even then, he declared assets worth around $600,000. According to "Celebrity Net Worth," he owns a house in Mankato, Minnesota, estimated at $250,000, and a rental property valued at $125,000.
The stated values of his properties are from 2018 and may have changed since then. Additionally, Walz holds shares in a family farm worth about $50,000.
Since becoming the governor of Minnesota at the beginning of 2019, Walz receives a salary of $127,000 annually, which is approximately $10,000 monthly. He also receives a teacher's pension of about $8,000 per month. He is a member of the Democratic-Farmer-Labor Party, affiliated with the Democratic Party.
Who is Tim Walz?
Walz is originally from Nebraska, where he spent his childhood before moving to Minnesota. As a trained educator, he worked as a social studies teacher and served in the National Guard for 24 years.
Meanwhile, the wealth of JD Vance, Walz's Republican opponent, according to "Celebrity Net Worth," amounts to about $5 million. Vance holds Walmart shares worth approximately $100,000, bitcoins valued at $250,000, and other investments including shares in Goldman Sachs and the QQQ Exchange Traded Fund, collectively valued at $2 million.
The wealth of JD Vance
The total value of Vance's assets is around $5.6 million. In addition to his senator's salary, Vance also receives royalties from his book "Hillbilly Elegy," which earned him $475,000 in 2021. Netflix produced a film based on the book in 2020.
JD Vance's salary as a senator is $174,000 annually, translating to approximately $14,500 monthly. If Trump were to win the election and Vance became his deputy, his monthly salary would rise to $19,500.
