Harris running mate Gov. Tim Walz owns no stocks, bonds or real estate, disclosure shows

Minnesota Gov. Tim Walz, the Democratic running mate of Vice President Kamala Harris, owns no stocks, bonds or real estate, according to his most recent financial disclosure.

Walz’s salary as governor of Minnesota is $127,629. He was eligible for a raise last year to $149,550, but he chose not to accept it, according to the state.

If Walz is elected vice president in November, he would make an annual salary of $284,600, based on 2024 rates.

In 2019, after Walz was elected governor, he and his wife sold their Mankato, Minnesota, home and moved into the governor’s mansion. They listed the four-bedroom house for $315,000, after buying it in 1997 for $145,000.

Walz’s modest financial profile stands in stark contrast to that of Republican presidential nominee Donald Trump, who is a billionaire several times over, and to Trump’s running mate, Sen. JD Vance of Ohio.

Forbes estimates Vance’s net worth, based on publicly reported investments and cash, to be between $3 million and $10 million.

Harris, the Democratic presidential nominee, listed securities investments personally owned worth between $800,000 and $1.75 million, and personal cash holdings of between $550,000 and $1.1 million. Federal disclosure reports typically require filers to disclose amounts within ranges, rather than specific sums.

Her husband, Doug Emhoff, has investments worth at least $1 million and at least $250,000 in cash. Harris and Emhoff own a home in Brentwood, California, worth an estimated $5 million.

Walz’s financial disclosure as governor does not list the value of any cash kept in bank accounts.

A spokesman for the Harris-Walz campaign had no immediate comment about Walz’s financial disclosures. But he noted that Walz is expected to file a new