Minnesota Governor Tim Walz does not own any stocks, bonds, or real estate: his financial position contrasts with that of Republican vice-presidential candidate JD Vance
13 august 2024 в 05:37
Minnesota Governor Tim Walz, a Democrat who is a running mate to Vice President Kamala Harris, does not own stocks, bonds, or real estate, according to his latest financial disclosure — a financial position that stands in stark contrast to the Republican vice presidential candidate, Ohio Senator Jay Dee Vance.
In 2019, after Walz, 60, was elected governor, he and his wife sold their home in Mankato, Minnesota, and moved into the governor’s residence, for which the state pays $ 4,400 per month. They listed their four-bedroom home for sale for $ 315,000, having bought it in 1997 for $ 145,000.
Walz’s salary as Governor of Minnesota is $ 127,629. Although he was entitled to a raise last year to $ 149,550, he chose to decline it, according to state records. Most of Walz’s income comes from his salary as governor, while his wife, Gwen Walz, earns part of their income from her business.
If Harris and Walz are elected, Walz’s income will nearly double with a vice president’s annual salary of $ 284,600.
«In recent years, he stands out significantly. If you look at people who have been chosen as running mates, they have been relatively financially secure», - said Mark Updegrove, president and CEO of the Lyndon B. Johnson Foundation, a presidential historian.
Walz’s financial position is a unique anomaly for an elected official, especially a presidential ticket candidate.
Republican presidential candidate Donald Trump is a billionaire many times over, while Forbes estimates Vance’s net worth, based on publicly reported investments and cash, to be between $ 3 million and $ 10 million.
Harris reported personal investments in securities ranging from $ 800,000 to $ 1.75 million, as well as cash ranging from $ 550,000 to $ 1.1 million. (Federal financial disclosures typically require reporting within ranges, not specific amounts.)
Walz’s modest means as a candidate align well with his image as a modest American and a staunch defender of the Democratic ticket.
Walz joined the National Guard at age 17 after high school, served in the Minnesota National Guard from 1981 to 2005 before retiring and running for Congress. Walz also worked as a high school social studies teacher and football coach — he is often referred to as «Coach» during the campaign. He served in Congress from 2007 to 2019 and is currently serving his second term as governor, which will last until 2027
In 2019, after Walz, 60, was elected governor, he and his wife sold their home in Mankato, Minnesota, and moved into the governor’s residence, for which the state pays $ 4,400 per month. They listed their four-bedroom home for sale for $ 315,000, having bought it in 1997 for $ 145,000.
Walz’s salary as Governor of Minnesota is $ 127,629. Although he was entitled to a raise last year to $ 149,550, he chose to decline it, according to state records. Most of Walz’s income comes from his salary as governor, while his wife, Gwen Walz, earns part of their income from her business.
If Harris and Walz are elected, Walz’s income will nearly double with a vice president’s annual salary of $ 284,600.
«In recent years, he stands out significantly. If you look at people who have been chosen as running mates, they have been relatively financially secure», - said Mark Updegrove, president and CEO of the Lyndon B. Johnson Foundation, a presidential historian.
Walz’s financial position is a unique anomaly for an elected official, especially a presidential ticket candidate.
Republican presidential candidate Donald Trump is a billionaire many times over, while Forbes estimates Vance’s net worth, based on publicly reported investments and cash, to be between $ 3 million and $ 10 million.
Harris reported personal investments in securities ranging from $ 800,000 to $ 1.75 million, as well as cash ranging from $ 550,000 to $ 1.1 million. (Federal financial disclosures typically require reporting within ranges, not specific amounts.)
Walz’s modest means as a candidate align well with his image as a modest American and a staunch defender of the Democratic ticket.
Walz joined the National Guard at age 17 after high school, served in the Minnesota National Guard from 1981 to 2005 before retiring and running for Congress. Walz also worked as a high school social studies teacher and football coach — he is often referred to as «Coach» during the campaign. He served in Congress from 2007 to 2019 and is currently serving his second term as governor, which will last until 2027
© Artemenko Olga
