Damn, I made more money than that just today (great day in the market) </humblebrag>

Tim Walz's net worth is less than the average American's
https://finance.yahoo.com/news/tim-walz-net-worth-less-123358911.html

Quote:

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The all-American working man demeanor of Tim WalzKamala Harris's new running matelooks like it's 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 a report by the Wall Street Journal 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 the median figure for Americans his age (he's 60), and even poorer than the average. One in 15 Americans is a millionaire, a recent UBS wealth report 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 $127,629 salary he receives as state governor, but he has elected not to receive the roughly $22,000 difference.

"Walz represents the stable middle class," tax lawyer Megan Gorman, who authored a book on the personal finances of U.S. presidents, told the paper.

The governor's office could not be immediately reached by Fortune for further comment.
Walz's personal net worth is a far cry from the estimated $8 million in net assets owned by Kamala Harris. This is in large part to her husband, who was a successful lawyer in California's entertainment industry prior to their move to Washington, D.C., in 2021.

The contrast is even more stark compared with their opponents. Donald Trump's net worth is estimated to be $4.8 billion, according to Forbes. Trump has fought hard against releasing any of his tax returns.
Walz's direct competitor, former venture capitalist JD Vance, is also wealthy. He and his wife have a joint net worth of up to $10.4 million, plus real estate, the WSJ found. Vance's campaign team did not confirm that figure. A chunk of the value comes from owning stakes in dozens of companies through his Narya Capital Management firm.

Politicians' assets have become a hot-button subject, especially as high-ranking officials like Nancy Pelosi became just as famous for her uncanny knack when it comes to stock picking as she is for her politics.

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C@LAg said:

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in 4 years he will be worth 5MM+

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$127k. Damn that blows!

He has 3 pensions also so… he's likely worth a few million if you took the current cash value of his pensions

Assuming his pensions are paying out 120k/yr. At a 4% rate he'd be the equivalent to 3MM in equity.

Nah. He and Harris will be on the ash heap of history.

Despite all the cliff jumping going on, there is a long way until the election and I think Trump will pull it out despite his unforced errors. Kamala and Walz are just too far left.

Having been both a teacher and in Congress, I suspect he is awaiting some decent pension money.

Wait till the check his closets for his wife's coats. I'm guessing gold bars from China!

If they get elected, he will be worth $12 million by the end of their 8 year term.

He's a politician… he's got money stashed in all sorts of places. I bet his wife makes lots of money….

How does he not have a financial advisor to parlay his earnings into savings and investments? He ought to be worth at least $3 million with the taxpayer funded benefits of being governor. That's without any graft.

He might be paying for the countless illegal immigrants his party allows into the country. Bless his heart!

PA24 said:

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Most Americans can relate to small net worths.

Dude is a remarkable speaker selling lousy policies, but Vance may have his hands full in a debate.

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LOL. I was skeptical of Vance but not now. He'll wipe the floor against Walz.

A) He's much smarter.
B) Eventhough media pundits dismiss Vance's service BECAUSE HE WAS A PR GUY are completely missing the point. HE'S A MEDIA GUY!

He knows how to phrase things, maybe? And that means Vance will do worse than Walz? Because he's beating n GrandPa?

Sidenote: Is Walz even a grandfather yet?

How could you have your hands full with someone trying to sell socialism?

That should be an automatic deal breaker for most Americans.

This tells me either he's lying or he's an idiot

In fairness, it is not still on the first page. F16 always gets the stories first. Or second.

https://texags.com/forums/16/topics/3479885

He'll be a multimillionaire if he gets elected. Crooked book deals, insider trading and inflated speaking engagement fees will make him very well off.

Let's not forget his guaranteed income streams from being a Congressman and being a teacher, state employee and retired Army National Guard.

Someone will ghost write a book and put his name on it. It will sell maybe 200 copies but the Dem book writing money laundering racket will kick in and they'll say he made millions on his book sales. See Bernie, see Michelle O, see both Clintons.

I guess he ate the rest.

C@LAg said:

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in 4 years he will be worth 5MM+

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Not if he gets convicted of stolen valor.

The common, everyday middle class guy…. who destroyed the lives of everyday, middle class people during Covid.

C@LAg said:

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in 4 years he will be worth 5MM+

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Eh he has been in politics nationally for 20 years. I think he is just bad with money.

Thought someone here said it was $13,000 yesterday

I don't believe either number

hedge said:

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He has 3 pensions also so… he's likely worth a few million if you took the current cash value of his pensions

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What's the present day value of your job?

This is just something to make him look like he relates to the common man. I'd be willing to bet he's got money stashed somewhere

His networth is less than the average American but well above the median which is a little under $200,000. He and his wife were teachers and most teachers don't end up as multimillionaires but they do have nice pensions which don't show up in networth calculations. Those who think a money manager would have made him a rich don't understand what two teachers make and the salary of a congressman isn't exactly a path to massive wealth unless you abuse the position

There are a lot of issues to attack this guy on but this isn't it.

C@LAg said:

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in 4 years he will be worth 5MM+

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Nope.

C@LAg said:

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in 4 years he will be worth 5MM+

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Reminder that for the rest of us, this video is a good strategy for getting rich.

Damn, I'm richer than he is.