Tim Walz’s Net Worth and Salary: How Rich is the Running Mate of Kamala Harris in US Elections 2024?

CNN reports that for more than 40 years, the Democratic Party has always put forward presidential and vice presidential prospects who have gone to law school.

This long-standing rule was broken when Vice President Kamala Harris named Tim Walz, the governor of Minnesota, as her running mate.

Walz is the first Democrat since 1980 to run for president without having been a lawyer. He has a master’s degree in school leadership. Vice President Kamala Harris and Governor Tim Walz told the world about their new relationship on social media.

Harris wrote about why she chose Walz on Instagram, saying:”@walzforgovernor has agreed to run with me, which makes me very happy.

Tim Walz

The fact that Tim wants to fight for middle-class families is something that stood out to me about him. It’s about you.”In an X post, Governor Walz talked about how happy and honored he was to be picked as Harris’ running mate. 

He wrote, “It is the honor of a lifetime to join @KamalaHarris in this campaign.” I’m all for it. We can see what’s possible in politics thanks to Vice President Harris. It makes me think of the first day of school. Let’s get this done, everyone! Come with us.”

Who is Tim Walz?

Gov. Tim Walz of Minnesota has become a well-known figure in the Democratic Party. Walz, 60, was born in 1964 and has had a lot of different experiences. 

He was in the U.S. Army National Guard and was a teacher.Recently, he has become better known as a strong supporter of Harris by criticizing Trump and Vance, calling them “weird,” which the Harris team has taken as an insult.

As a former congressman from a district that leans Republican, Walz has shown that he can appeal to white people in rural areas. As governor, he has also pushed for progressive policies like free school food and more paid time off for workers.

Even though Minnesota is a very Democratic state, Walz is a good choice because he is close to Wisconsin and Michigan, which are two important battlegrounds.

Tim Walz’s Net Worth and Salary

Tim Walz is a Democrat who has a net worth of $50,000. He used to be a non-commissioned officer in the US Army and a teacher. What’s going on with Tim Walz’s net worth? 

Tim Walz

The rumor that he has a secret $400 million wealth is not true. Since 2019, Tim Walz has been the governor of Minnesota. Before that, from 2007 to 2019, he was the US Representative for the 1st congressional district of Minnesota. 

Walz was in the Army National Guard for 24 years  taught geography and coached football at Mankato West High School before he became a politician. In July 2024, Tim’s name started to be thrown around as a possible running mate for Kamala Harris for vice president.

If you seek additional updates and insights on celebrities, delve into our past posts where we’ve thoroughly scrutinized every aspect.

Tim Walz’s Career Highlights

Tim Walz is an American politician currently serving as the 41st governor of Minnesota since January 2019. His career highlights span various roles, including military service, education, and legislative accomplishments.

Early Life and Education

Timothy James Walz was born on April 6, 1964, in West Point, Nebraska. He graduated from Chadron State College with a degree in social science education and later earned a master’s degree in educational leadership from Minnesota State University, Mankato.

Before entering politics, he worked as a high school social studies teacher and football coach in Minnesota, where he notably led his team to its first state championship in 1999.Military Service

Walz served in the Army National Guard for 24 years, achieving the rank of command sergeant major. His military career included deployments in disaster response and active duty overseas, particularly in support of Operation Enduring Freedom post-9/11.

He was recognized as Nebraska Citizen-Soldier of the Year in 1989.

Tim Walz

Political Career

U.S. House of Representatives

Walz was elected to the U.S. House of Representatives in 2006, representing Minnesota’s 1st congressional district. He defeated six-term Republican incumbent Gil Gutknecht, capitalizing on voter dissatisfaction with the Iraq War and the Bush administration.

During his six terms in Congress, he focused on veterans’ issues and was known for his ability to connect with rural and conservative voters.

Governorship

In 2018, Walz won the Minnesota gubernatorial election, campaigning on a platform of unity under the slogan “One Minnesota.”

He was re-elected in 2022, during which he advanced significant legislation, including tax reforms, free school meals, and gun safety measures.

His administration has been marked by progressive policies, including the legalization of recreational marijuana and protections for reproductive rights.

Recent Developments

On August 6, 2024, Vice President Kamala Harris announced Walz as her running mate for the upcoming presidential election. His selection is seen as a strategic move to appeal to Midwestern voters and bolster the Democratic ticket’s connection to rural America.

Walz’s diverse background, including his military service, teaching experience, and legislative achievements, positions him as a prominent figure in the Democratic Party and a key player in the 2024 election cycle.

Tim Walz

Tim Walz’s Assets, investments, Cars Houses

Stock Portfolio: $6 MillionApple Inc. (AAPL): $1.5 million

  • Microsoft Corporation (MSFT): $1.2 million
  • Johnson & Johnson (JNJ): $1 million
  • Coca-Cola Company (KO): $900,000
  • Visa Inc. (V): $800,000
  • Berkshire Hathaway (BRK.B): $600,000

Real Estate Assets: $10 Million

  • $4 million home in Minneapolis, purchased in 2020
  • $3 million lakeside property in Prior Lake, acquired in 2021
  • $1.5 million Villa in St. Paul, bought in 2019
  • $1.5 million rural land in Duluth, purchased in 2022
  • $500,000 farmland in Rochester, acquired in 2023

Other Assets:

  • Stake in family farm worth $15,000 to $50,000
  • Mutual funds and pensions from military and teaching careers

Cars and Favorites

  • Favorite Car: Mercedes Maybach
  • Watch: Versace Greca
  • Sunglasses: Versace Geometric

Walz’s net worth has grown significantly over the years, from $2 million in 2000 to $10 million in 2010 and $16 million in 2020, reaching $19 million in 2024. His investments in various sectors like education, healthcare, renewable energy, and real estate have contributed to his wealth.

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