Introduction
Minnesota Governor Tim Walz has received significant attention as Vice-President Kamala Harris’ running mate for the 2024 election. With experience as a high school ethnic studies teacher and deep roots in rural America, Walz is viewed as a trustworthy candidate in today’s policy-making landscape.
Contrast with Donald Trump
At a Democratic rally in Philadelphia on August 6, Walz compared his own financial experiences to those of Republican presidential candidate Donald Trump. He stated, “Donald Trump isn’t fighting for you or your family. He never sat at the kitchen table like the one I grew up at, wondering how we were going to pay the bills.”
Financial Transparency
Walz has been praised for his financial transparency. A 2019 report from the U.S. House of Representatives revealed that he had no investments in stocks, bonds, or similar securities—a situation that remains unchanged as of August 2024, according to Axis. Kathleen Hall Jameson from the Annenberg Public Policy Center commented, “I’m not easily surprised by political information. But to see that he owns no stock.

Modest Financial Portfolio
Walz’s financial assets are respectable and include state and federal pensions from his teaching and congressional roles, as well as life insurance and college savings. His wife, Gwen Walz, earns income from a Minnesota-based agricultural business and the law firm Hogan Novells. Walz’s annual salary as Governor is $127,000, and if elected Vice-President, it would rise to $235,100. In August 2023, he turned down a proposed salary increase, choosing to maintain his current pay.
Home Sale and Tax Returns
In 2019, Walz and his wife sold their home for $304,000 when they moved into the Minnesota Governor’s Mansion. Their income in 2023 was around $299,000, including $135,000 from pensions and annuities. Additionally, Walz withdrew $135,000 from his retirement savings to finance his daughter Hope’s college education.
What is Tim Walz’s Net Worth
Walz’s net worth was estimated to be between $112,000 and $330,000, based on 2019 data. This estimate does not include the potential value of pensions, which could add an estimated $800,000 to their overall net worth.