Kamala Harris' newly appointed aide, Tim Walz, raised eyebrows when it was revealed that he doesn’t even keep cash. This week, Harris introduced Walz, the Minnesota governor, as her vice president. However, according to his latest financial disclosures, Walz hasn’t invested in stocks, bonds, or real estate, and doesn’t maintain cash in his bank accounts.
As the U.S. presidential race takes a new direction, questions have emerged about Walz’s financial status. Despite earning $127,000 annually as Minnesota's governor, he appears to have virtually no investments.
The only assets Walz holds are two pension funds, which are shared with his wife and valued between $15,000 and $50,000. These funds, tied to life insurance, are part of the Minnesota Education Fund.
Additionally, Walz's financial records show no cash holdings in his bank accounts. It's also noted that Walz and his wife sold their home for $345,000 before moving into the governor’s residence in 2019.
While Walz has not commented on the CNBC report, he is expected to make a statement within the next 30 days, though no significant changes in his financial situation are anticipated.
Meanwhile, Republican presidential candidate Donald Trump is known for his wealth in real estate and billions in assets, while his running mate JD Vance reportedly has a fortune estimated between $3 million and $10 million. Kamala Harris, on the other hand, holds securities valued between $800,000 and $1.8 million.
