Here’s Tim Walz’s Net Worth as Kamala Harris’ VP Pick

For most of his life, Minnesota Governor Tim Walz has used public service as a career stepping stone and it appears to be working out for his wallet. Speaking at a rally in Philadelphia, Walz talked about his working-class roots and juxtaposed that with Trump's life story as he touts his commitment to service.

A former public school teacher and member of the Army National Guard, Walz has served six terms in Congress and has been governor of Minnesota since 2019. Despite these years of service, his net worth is relatively low — just over $1 million, which is very close to the median wealth for Americans of his age, around $540,000. But drawn from a much bigger pool of government pensions, rather than in investments or property.

"Unlike many Americans, Walz and his wife Gwen do not own stocks, bonds, or real estate," the couple's forms showed. "The vast bulk of their wealth is pensions picked up through state, federal and military service." Records indicate Walz's various pensions are valued to be worth about $1 million total. Compare this: Kamala Harris has a net worth of $8 million, partially due to her husband working as an entertainment lawyer.

The Republican ticket is made up of millionaires made in the private sector. Trump is worth roughly $4.8 billion from his inheritance and investments. JD Vance has netted approximately $10 million from a bestseller book and venture capital. The independent candidate Robert F. Kennedy Jr. has an estimated net worth of $15 million. His running mate, Nicole Shanahan, is dating one of Google's co-founders, Sergey Brin.

Walz grew up on a farm, served in the National Guard, worked as a teacher, and went into politics. To the point of public service, sellability, and his education background—with the side note that he has sold the family home and taken a lower salary as governor. His financial fortunes, however, could be transformed if the Harris-Walz ticket takes the day, which would comfortably dispatch him to the salary office of $235,000 as the vice president—quite a difference with what he is making now. Former vice presidents also do collect well-paying opportunities out of office, such as paid speaking and writing books, which could further engorge Walz's bank account.