The all-American working man demeanor of Tim WalzāKamala Harrisās new running mateālooks like itās not just an act.
Financial disclosures show Tim Walz barely has any assets to his name. No stocks, bonds, or even property to call his own. Together with his wife, Gwen, his net worth is $330,000, according to aĀ reportĀ by theĀ Wall Street JournalĀ citing financial disclosures from 2019, the year after he became Minnesota governor.
With that kind of meager nest egg, he would be more or less in line with theĀ median figureĀ for Americans his age (heās 60), and even poorer than the average. One in 15 Americans is a millionaire, a recent UBS wealth reportĀ discovered.
Meanwhile, the gross annual income of Walz and his wife, Gwen, amounted to $166,719 before tax in 2022, according to their joint return filed that same year. Walz is even entitled to earn more than the $127,629Ā salary he receivesĀ as state governor, but he has elected not to receive the roughly $22,000 difference.
āWalz represents the stable middle class,ā tax lawyer Megan Gorman, who authored a book on the personal finances of U.S. presidents, told the paper.
Huh, hadnāt thought about that. Letās seeā¦ 401k + stock grants + savings + home value - debtsā¦ Nope, Iām still well ahead of Walz, even accounting for the correction. I mean, he benefits from living in the governorās mansion, so his bills are probably a lot lower, but stillā¦ If I liquidated everything, Iād come out with more than his net worth, by a fair bit.
Heās the real deal, and itās very apparent heās not in this for material wealth. The more I learn about him, the more I like him.