How much wealth do the US presidential and vice presidential candidates have?
Voting in the next US presidential election is on Tuesday (November 5). Before that, there have been questions about the real amount of wealth of Donald Trump, the candidate of the Republican Party who turned from businessman to politician. Because a US civil court has ruled, Trump has over the years exaggerated the amount of his wealth.
In such a context, interest has also increased in the financial status of Trump’s running mate or vice presidential candidate, JD Vance, and their rivals, the presidential and vice presidential candidates of the Democratic Party, Kamala Harris and Tim Walz.
Let’s find out how much wealth they have, how they acquired their wealth, and how much they will get paid if they win the election.
Republican presidential candidate Donald Trump made a name for himself in the real estate business before becoming a politician.
Trump is very wealthy, including 18 golf and social clubs, a 20-acre Mar-a-Lago estate in Florida, hotels, office buildings, residential buildings and other estates. But the 78-year-old Trump’s wealth and net worth have long been disputed. The matter finally made it to court.
New York Attorney General Leticia James estimates Trump’s net worth to be as high as $3.6 billion.
Trump’s net worth has fluctuated significantly this year due to changes in the financial condition of the parent company of his Truth social platform, his biggest asset.
Trump owns 57 percent of the company and his shares are now worth about $1.6 billion, according to a Reuters report.
The amount of cash in his possession is also disputed. In March, Trump claimed he had about $500 million (500 million) in cash. His lawyers recently claimed, however, that he cannot pay the $454 million he was ordered to pay in a civil fraud case.
Documents released in August as part of his presidential bid show Trump is making millions of dollars from his golf courses and real estate.
The 200-page document contains information from just the past year, giving a limited picture of Trump’s finances and investments. But it did not detail his business losses. Apart from this, the real value of most of the assets is not shown.
But it shows his extensive business empire and large sources of income. It shows 56 million from Trump Mar-a-Lago Resort; 37 million from golf clubs in New Jersey; 31 million from Florida’s Jupiter Club; And earned $26 million from the Turnberry Course in Scotland.
The documents also show he has a wide range of companies and investments in traditional stocks around the world. He is also claimed to have companies in the markets of some countries like Argentina, Belarus, Cuba and India.
In addition, Trump is also shown to have earned $7.15 million in licensing fees from NFT International, a firm that sells digital tokens.
Some unusual sources of indirect income are also shown. For example, an annual pension of $90,776 as a one-time member of the Screen Actors Guild.
Millions of dollars in income are also shown from speaking engagements and book sales, including royalties from a book called Letters to Trump and another book called ‘A MAGA’ Journey.
It is claimed that Trump is still receiving royalties from the older books. For example, The Art of the Deal, which was published in 1987. It is reported that Trump received $50,000 to $100,000 from the book last year.
Trump’s wife Melania is also said to be helping to boost his income. He reportedly received $237,000 to speak to the conservative gay rights group Log Cabin Republicans in April.
While the released document does not detail most of Trump’s damages, it does list some fines, which he has been forced to pay after several lawsuits.
One was a civil fraud case over his estate, in which he was fined $454 million. However, he said that he will appeal against the verdict.
Trump listed his debts at $50 million with the New York attorney general’s office. Earlier, Trump was ordered to pay $83.3 million in a defamation lawsuit filed by author E. Jean Carroll. Carroll accuses Trump of sexual harassment.
Trump has not disclosed the cost of his legal fees, which are quite large, as he faces several criminal trials.
According to Forbes’ real-time net worth tracker, Trump’s net worth as of Oct. 1 was about $4 billion.
Then on October 29, Forbes reported that Trump’s media company’s share price increased and his wealth doubled to 8 billion in one month. But three days later, it fell by $2.4 billion to $5.6 billion.
Kamala Harris
Before becoming Vice President in 2021, Kamala Harris worked as a lawyer for a long time. Kamla started working as a Deputy Prosecutor soon after graduating in 1989 with a law degree.
Kamala was elected Attorney General of California in 2016 (in 2010) 6 years before becoming a senator.
According to California government statistics, during his tenure as attorney general, his annual salary ranged from $143,571 to $158,775.
According to Senate statistics, all senators have been paid an annual government salary of $174,000 until 2024. Kamala Harris earns more than that as vice president.
Kamala’s husband Doug Emhoff, whom she married in 2014, has also had career success. When Kamala was elected vice president in 2020, her husband worked for more than two decades as an entertainment lawyer before beginning teaching at Georgetown Law School.
According to a 2019 Forbes profile, the couple owns three homes in San Francisco, Los Angeles and Washington DC.
Kamala Harris and her husband M. Hoffman
According to a CNBC report, in documents released in August, Kamala Harris personally showed $8 million to $1.75 million worth of securities investments and personal cash holdings of $550,000.
Her husband also has at least $1 million in investments and at least $250,000 in cash.
What is the total wealth of oranges?
Current Vice President Kamala Harris’ net worth has been a regular topic of social media debate since 2022. A graphic shared online at the time showed his net worth quadrupled from 2019 to 28 million in 2022. His net worth in 2019 was $6.3 million.
The graphic also claims that President Joe Biden’s net worth increased from 9 million to 41 million over the same period. But there is no real basis or evidence for that claim. Recently, a few months before the elections, the issue was discussed again.
The reality is that Kamala Harris and her husband’s net worth was estimated at $6 million in 2019 and according to Forbes, it is currently around $8 million.
Democratic vice presidential candidate Tim Walz
The Democratic Party’s vice presidential candidate has been a high school teacher for most of his career.
According to his published documents, he has the least wealth among the candidates. He has no investments in stocks, bonds or real estate.
Walz’s current salary as governor of Minnesota is $127,629. Last year his salary was supposed to increase to 149 thousand dollars, but he did not accept it.
After Walz was elected governor in 2019, he and his wife, also a school teacher, sold their Minnesota home and moved into the governor’s mansion. They listed the four-bedroom home for $315,000 after buying it in 1997 for $145,000.
But most of Walz’s wealth is in his retirement savings accounts. The largest of these is the 2030 Target Date Retirement Fund, which is valued at $100,000 to $250,000.
What is Walz’s net worth?
According to Forbes, Tim Walz’s net worth is only $1 million. Government pensions earned through state, federal and military careers make up the bulk of their wealth.
Republican Vice Presidential Candidate JD Vance
According to documents released by the Republican vice-presidential candidate, he has assets worth millions of dollars, including major stakes in two businesses and a valuable property.
Vance first brought himself into the spotlight with his best-selling book ‘Hillbilly Elegy’, which was published in 2016.
The book’s publisher, HarperCollins, said the memoir sold more than three million (3 million) copies before Vance was selected as Trump’s running mate, and sold another 650,000 copies within 10 days of announcing his candidacy in July.
When the book was made into a Netflix film in 2020, Vance, 40, received further royalties.
But Vance made a lot of money without those royalties. His biggest asset is his Schwab brokerage account, which is worth roughly between $2.2 million and $7.5 million.
He also has listed properties worth between 5 lakh and 1 million dollars, bitcoins worth between 250,000 and 500,000 dollars and checking and savings accounts worth between 315,000 and 815,000 dollars.
Vance also listed several accounts and investment funds held by his wife, lawyer V Usha, as assets.
JD Vance and his wife Usha
While Vance only lists one home in his published documents, Forbes reports that he owns three. One in Washington DC with an estimated value of $850,000, another in Cincinnati with an estimated value of $1.8 million and a third in Virginia with an estimated value of $1.8 million.
As a senator from Ohio, Vance’s annual salary is $174,000.
What is Vance’s net worth?
Last July, Forbes estimated JD Vance’s net worth to be around $10 million.
What is the salary of president and vice president?
In 2024, the annual salary of the vice president increased to 284 thousand 600 dollars, which was previously 235 thousand 100 dollars. And the annual salary of the president of the United States is 4 million dollars.
Unauthorized use of news, image, information, etc published by NewsPress24 is punishable by copyright law. Appropriate legal steps will be taken by the management against any person or body that infringes those laws.
Comments: