US President Joe Biden has withdrawn from the 2024 presidential race just four months before the election. The news came after Donald Trump announced JD Vance as his running mate - someone who once called him an ‘idiot.’ Joe Biden’s running mate for a second time was Kamala Harris.
Discover our latest podcast
After Biden became the President, Harris made history in 2021 by becoming the first female and first person of color to become VP. She has had a distinguished political career, starting as the District Attorney of San Francisco (2004 - 2011), then serving as the Attorney General of California (2011 - 2017), and later as the US Senator from California (2017 - 2021).
As Harris has become the potential Democratic candidate for a presidential run against Donald Trump, who seems confident of his chances of beating her - let’s look at her net worth.
Kamala Harris' net worth: A look into her sources of wealth
Calculating Kamala Harris’ net worth is more complicated than expected, and different publications have different answers.
In 2023, Yahoo! Finance estimated her net worth to be between $6.75 million and $15.29 million. However, her 2023 financial disclosure report reveals a more nuanced picture, according to Marca. According to the disclosure, her net worth ranged from $2 million to $5.8 million.
Meanwhile, Forbes estimates Harris’ net worth with her husband, Doug Emhoff to be around $8 million - an increase from $7 million in 2021. A significant portion of her wealth comes from her earnings as a politician and her husband Doug Emhoff's lucrative career as a lawyer. Emhoff has amassed substantial wealth through his work as an Entertainment lawyer. He stepped down from his position as a high-profile attorney for one of the world's largest companies in 2020. His reported earnings exceeded $1 million annually before he stepped down and joined Georgetown University's law school as a member of the faculty.
The couple has also accumulated wealth through several investments and real estate. Harris and Emhoff own multiple properties. Property records reviewed by ABC News show Harris sold her Washington, D.C., condo in 2021 for $1.85 million, and the couple currently owns a house in Brentwood, California, that Emhoff purchased in 2012 for $2.7 million. The couple's real estate holdings alone are valued at over $5 million.
Their investments include various stocks, bonds, and mutual funds and their investment portfolio is valued between $1.2 million and $3 million. Additionally, she and her husband are reported to have between $1.5 to $3 million in cash.
Harris earns most of her income from book royalties. From her 2019 book The Truths We Hold, she earned a total of nearly $326,000 for the year 2021 alone. She also earned $130,000 in royalties for Superheroes Are Everywhere.
The 2023 financial disclosure report for Harris details assets totalling between $2.8 million and $6.84 million with liabilities ranging from $1 to $5 million.
Kamala Harris’ salary as Vice President of US
As the Vice President of the United States, Kamala Harris reportedly earns an annual salary of $235,100. This position not only provides her with a significant income but also comes with various perks and benefits including a government residence at the United States Naval Observatory, reports Business Insider. The residence is a stone's throw away from the White House.
While the President flies on a modified Air Force One, the second in command travels on Air Force Two. They have access to armored cars.
Read More
Kamala Harris: What we know about her 59-year-old husband Douglas Emhoff
Piers Morgan details 15-minute call with Donald Trump a week after his assassination attempt
Donald Trump and Joe Biden: The latest cover of New York Magazine causes controversy
Sources Used
Yahoo! Finance: How Much Is Vice President Kamala Harris Worth?
Marca: Kamala Harris Net Worth: How much wealth does the Vice President have?
ABC News: Kamala Harris' wealth comes mostly from her and her husband's investments, records show
Business Insider: 13 perks of being the vice president of the United States
