Tim Walz Discloses Net Worth Under $1M, Says He Owns No Stocks
What You Need to Know
Kamala Harris’ running mate pushed for tighter disclosure rules on congressional stock trading as a House lawmaker in 2012.
Walz earns $127,629 a year as governor of Minnesota and has dislcosed pension, life insurance and real estate assets.
His GOP counterpart, Sen. JD Vance, disclosed a net worth between $4.3 million and $10.7 million.
Minnesota Governor Tim Walz is likely the poorest of the four people on this year’s major-party presidential tickets with a disclosed net worth of under $1 million, following his selection as Democratic nominee Kamala Harris’ running mate.
As a former House lawmaker who pushed a federal law tightening disclosures of congressional stock trading in 2012, Walz said at the time he did not own any stocks himself. More than a decade later, he still doesn’t, according to his most recent disclosures.
Republican nominee Donald Trump is worth $5.7 billion, ranking 500th on the Bloomberg Billionaires Index. His running mate, Senator JD Vance of Ohio, disclosed a net worth between $4.3 million and $10.7 million in his most recent U.S. Senate disclosure.
Vice President Harris has disclosed between $550,000 and $1.1 million in cash in U.S. bank accounts. She also holds between $775,000 and $1.8 million in retirement funds.
Walz’s most recent disclosure to the Minnesota Campaign Finance Board listed no stocks, real estate or horse racing interests. Minnesota has a much narrower definition of reportable assets than federal law, however, excluding stocks worth less than $10,000 and any mutual funds or exchange-traded funds.
His congressional disclosures before that show relatively modest and conservative investments befitting his status as a retired teacher and Army National Guard soldier. In his last filing as a member of Congress in 2019, Walz disclosed assets worth between $362,000 and $830,000.
Those numbers included the value of his home, which he ordinarily would not have to disclose. Because Walz and his wife rented out a spare room, however, it was listed as an income-generating asset.
The Walzes sold their Mankato, Minnesota house for $304,000 in 2019 after moving into the governor’s mansion, according to property records.
