Net Worth

Kamala Harris: How Wealthy Is The Vice President?

Jeremy Caroll

VP nominee Kamala Harris is an American politician and attorney who was elected in November 2020. According to our calculations, Kamala Harris is worth $5 million as of right now. Doug Emhoff, her spouse since 2012, has earned the great bulk of her net worth.

Kamala Harris

As of 2017, Kamala has served in the United States Senate. At a press conference on August 11, 2020, Vice President Joe Biden announced. That she will be his running partner in the 2020 presidential election. Joe and Kamala beat Donald Trump and Mike Pence in the 2020 election. Both the Electoral College and the Popular Vote counted the victory as a landslide. Sworn-in as the nation’s first female Vice President, Kamala Harris was also the country’s first African-American woman in this position.

Additional Details About Kamala Harris

Former vice president Joe Biden revealed in August of 2020 that California senator Kamala Harris would be his running partner. In December 2019, Harris stepped out of the Democratic primary fight against Vice President Joe Biden. As Harris put it in a statement in December of that year. We just don’t have the financial resources we need to continue. She went on to say, “I don’t have a fortune to my name. I am unable to raise funds for my own campaign. It has gotten more difficult to raise the funds necessary to compete as the campaign has progressed.”

Even when Michael Bloomberg joined the campaign, according to the New York Times. Harris remained one of the Democratic contenders’ top earners. A presidential contender in April of 2019, she published the most tax records to date. Further covering 15 years, the most of any other candidate. The most honest candidate in the race in terms of information regarding personal money. This was said by a campaign staffer, after she released her 2004-2018 tax returns.

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With barely hours to go before the first presidential debate, Vice President Joe Biden followed suit by putting his financial disclosures online. Formerly regarded as Congress’ “poorest man,” Biden now has an estimated net worth of $9 million. According to Fortune magazine, Harris’s net worth is estimated to be approximately $6.3 million.

Early Life and Work

It was in October of 1964 that Kamala Harris was born, and she grew up in Oakland. When she graduated from Howard University and received a JD from the University of California, she became an attorney in private practice. From January 2004 until January 2011, Harris served as San Francisco’s 27th District Attorney. When she was elected Attorney General of California in 2011, she remained in that position until January 2017.

Kamala Harris

In January 2017, Kamala Harris was sworn in as a US Senator from California. In 2019, she declared her intention to run for the Democratic Party’s candidacy in the 2020 presidential election in the United States. As a district attorney in Alameda County, California, from 1990 to 1998, she was responsible for prosecuting criminal cases. The DREAM Act, reduced taxes for the middle and working class, and universal health care are just a few of her positions.

Finances and Wealth

Kamala Harris has a net worth of $3.31 million as of her most recent Congressional financial disclosure form, filed in 2015. In addition to her husband Douglas Emhoff, who is a partner at DLA Piper Law Firm and specializes in entertainment and intellectual property law, the bulk of her net worth is due to his employment.

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Kamala published her tax records for the last 15 years in April 2019. This year’s tax return revealed that she and her spouse made $1.9 million in total. Kamala’s husband’s law firm earnings accounted for the lion’s share of their $1.4 million annual income. About 320,000 of their earnings came from her book “The Truths We Hold,” which they sold for $697k and gave $27,000 to charity. Kamala’s Senate salary accounted for almost $157,000 of their income.

A financial disclosure form made public by Kamala Harris in 2019 shows her family’s assets range from $2.5 to $6.5 million and liabilities of around $3 million, the majority of which are mortgages. Mutual funds and retirement accounts hold the bulk of their liquid assets.

Purchasing and Selling of Real Estate

Kamala and Doug possess a number of properties with a total worth of $8-10 million, excluding mortgages. Doug Emhoff spent $2.7 million for his Brentwood, Los Angeles, house in 2012, two years before he married his future wife. This property is now valued at about $5 million, based on similar sales in the area. Kamala spent $490,000 for a San Francisco condo in 2004. In the same year, she became the first black District Attorney in California’s history. In March 2021, she sold this apartment for $860,000.

Kamala Harris

Kamala and Doug spent $1.775 million for an apartment in Washington D.C. in 2017, the year she was elected to the Senate. They put his apartment on the market for $1.995 million in April of next year. For $1.85 million, they sold it in September of that year.

From Her Career in Politics:

San Francisco’s district attorney, Kamala Harris, was elected in 2003. After six years in the post, she earned a total of $202,000, according to Forbes, making more than $140,000 that year. According to Women’s Health, her employment qualified her for a pension worth at least $250,000 today.

According to Harris’ tax filings, which were acquired by The New York Times, she took a big salary cut from her former post when she became California’s attorney general in 2010, earning just under $160,000 year. Seven years later, when she became a U.S. Senator for the state of California, her compensation grew slightly, bringing it to the $174,000 yearly income that every Senator has received since their previous pay boost in 2009.

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At the time of her swearing-in as vice president in January, Harris began receiving a legally required salary of $235,100, which was a significant increase above her previous political jobs’ salaries. (As an aside, the president’s pay is now set at $400,000 per year.) In addition, Harris will be able to write off up to $100,000 in VP-related costs, as well as be housed at Number One Observatory Circle, the official home of the vice president.

Her Writings

Throughout his career, Harris has received book advances totaling hundreds of millions of dollars. A career prosecutor’s plan to make us safer was released in 2009, and in 2019 Harris wrote a children’s picture book called Superheroes Are Everywhere. That year, she published her book, The Truths We Hold: An American Journey: A Personal Story. Writing a book brought in $320,125 in tax revenue for her in 2018.

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