What Is Tim Walz's Net Worth?
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Walz does not own stocks or real estate—instead, his investments consist of state and teacher pension plans
Andrew Harnik/Getty Images Democratic vice presidential candidate Minnesota Gov. Tim Walz speaks during a campaign rally with Democratic presidential candidate, U.S. Vice President Kamala Harris at the Liacouras Center at Temple University on August 6, 2024 in Philadelphia, Pennsylvania.
Key TakeawaysTim Walz is the 41st governor of Minnesota and was named Kamala Harris's vice presidential running mate on Aug. 6.Walz has a net worth of under $1 million, according to financial disclosures filed in 2019 when he was a member of Congress.Walz's disclosures show he does not own any stocks or real estate—his assets only include state and teacher pension plans.Walz earned $127,629 as the governor of Minnesota as of 2024.
Tim Walz is the 41st governor of Minnesota and was named Kamala Harris's vice presidential running mate on Aug. 6, 2024.Walz has been in government since 2006, when he first got elected to the U.S. House of Representatives, for Minnesota's First Congressional District. He was re-elected to the role for the next five consecutive two-year terms. Walz was first elected as the governor of Minnesota in 2018 and is currently serving his second term after reelection in 2022.Before he entered politics, Walz was a high school teacher and football coach at Mankato West High School in Minnesota. He also served in the Army National Guard from Minnesota and Nebraska for 24 years, where he retired with the rank of command sergeant major, making him the highest-ranking enlisted officer ever to serve in Congress.Walz has a net worth of under $1 million, according to financial disclosures filed in 2019 when he was a member of Congress. Let's take a look at Walz's investments.InvestmentsAt under $1 million, Walz's net worth is relatively modest compared to the other presidential and vice presidential candidates in this election.His latest financial disclosure filed with the state of Minnesota shows Walz does not own any stocks, property, or businesses. However, the Minnesota Campaign Finance Board only requires candidates to disclose securities worth more than $10,000.Walz's only investments, according to his 2019 congressional financial disclosure, are state and teacher pension plans, a 529 college plan, and a whole life insurance policy.Walz and his wife Gwen sold their home in Mankato, Minnesota in 2019 after they moved into the governor's mansion, according to Axios. The home was sold for $304,000, below the $315,000 asking price.Walz's Salary As GovernorWalz earns $127,629 as the governor of Minnesota as of 2024. Although the governor's salary was increased to $149,550 by the state as of July, Walz chose to have his salary remain the same. Read the original article on Investopedia.
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