Kamala Harris will be remembered as the country’s first woman Vice President—and as the first Black and Indian-American person to hold the position. But what is the financial aspect of this extraordinary career? Here is how we know her net worth.
In spring of 2019, as a presidential candidate, she became famous for being the most transparent presidential candidate. The reason is that she publicly shared 15 years’ worth of tax returns, the most of any candidate at that time.
Kamala Harris net worth consists of five different asset categories:
1. Income from her political career
In 2003, Kamala became the District Attorney of the City and County of San Francisco. She was elected Attorney General of California in 2010 and re-elected in 2014. In 2017, Kamala D. Harris was sworn in as a United States Senator for California, the second African-American woman and first South Asian-American senator in history. According to the Washington Post, Harris was making about $128,000 annually as San Francisco’s district attorney.
As a senator she earned At $157,352 yearly income. However, the most important part of her reported wealth would come in the form of her retirement plan through the city of San Francisco. How is that possible? Well, according to money.yahoo.com “her City & County of San Francisco 457(b) Deferred Compensation Plan could be worth as much as $800,000”.
2. How Payments from her book writing contributed to her net worth
in 2018, Harris made $320,125 from her memoir The Truths We Hold. In addition, in her latest Senate financial disclosure, her report showed $277,763 in income in 2019 from book publishing advances. However, according to finance.yahoo.com Vice president Harris kept a a significant portion of that in cash. She keeps it in a Wells Fargo savings account that has between $250,001 and $500,000 in it. Therefore her writing contributed substantially to her net worth.
3. Joint assets with husband Douglas Emhoff
“The California senator’s disclosure also includes assets held by her husband — Doug Emhoff — that could add up to as much as $6.3 million”.
4. Contribution of increased value from properties to Kamala Harris Net Worth
Before moving to Washington D.C., Harris and Emhoff lived in Brentwood, Calif. This home is worth upwards of $5 million. In addition, Harris purchased a two bedroom condo in D.C. for $1.775 million. This condo is now supposed to be worth between $1.8 and 2.1 million. In 2004, Harris also bought a condo in town for $489,000. Its value is supposed to have nearly doubled since then.
5. Potential future income after ending her political career
According to businessinsider.com high politicians have very interesting financial opportunities after they end their political career. Therefore Kamala Harris net worth could increase substantially over the next 10-20 years. Their income potential includes
- Public appearances (between 200.00-700.000 for former presidents)
- Books deals
- Brand deals (“In 2018, the Obamas signed a deal with Netflix to produce content for the streaming giant, as reported by Variety”)
- Corporate boards (“From 2002-2009, Bill Clinton served as an advisor to his friend and investor, Ron Burkle. It’s estimated that Clinton made over $12 million while working with Burkle,according to The Wall Street Journal”.)
- Kamels Harris Net Worth – a quick glance
“According to Fortune, the couple’s combined net worth could be as high as $6.3 million. And even if you exclude Emhoff’s assets, Harris still has up to $1.7 million in her solo accounts”.
A Word from SimpleSavvySmart
“It took 232 years for the first black man to take office as president of the United States of America. Now, four years after Barack Obama’s final term came to a close, we are witnessing another unprecedented first. Vice-president-Kamala Harris will not only be the first candidate of Indian descent and the second black person to take a presidential position, but the first woman elected to the White House”.