Minnesota Governor and Democratic vice presidential candidate Tim Walz stands out among politicians for his modest financial profile, devoid of stocks and lucrative deals. According to recent financial disclosures, Walz’s net worth is estimated between $112,003 to $330,000, excluding his federal pension, which could potentially add up to $800,000.
Unlike many of his peers, Walz derives no income from book deals, speaking engagements, or real estate investments. After selling their home in 2019, he and his wife Gwen now reside in a state-provided rental while the governor’s mansion undergoes renovation.
In 2022, the couple’s combined income was $166,719, predominantly from Gwen’s educator salary and Tim’s governor’s salary, which has since increased from $116,000 to $149,550.
The majority of their assets are in savings, pensions, a 529 college savings plan for their children, and life insurance policies, with four pensions between them and potential eligibility for federal retirement plans.
Compared to other candidates, Walz’s financial portfolio resembles that of an average American rather than a typical politician’s diversified wealth from investments, business ventures, and speaking engagements.
Walz’s stance on avoiding stock ownership aligns with his legislative history, including the introduction of the STOCK Act during his tenure in Congress, aimed at preventing insider trading among lawmakers. His advocacy has also targeted political intelligence firms and sought increased transparency for Super PAC donors, although legislative progress on these fronts has been limited.
As Walz campaigns alongside Vice President Kamala Harris, his financial transparency and modest income profile set him apart in the political landscape.
