These Are The Assets That Make Up Kamala Harris' Net Worth

last year

Forbes money in politics reporter Kyle Mullins joins "Forbes Newsroom" to discuss Kamala Harris' net worth, and what key assets contribute most to her wealth.

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Transcript

00:00 Let's talk about present day. Kamala Harris, as we know, has made history as the first woman vice

00:05 president, as well as the first person of color to be vice president. How much is she worth?

00:10 We're estimating that Kamala Harris today is worth about eight million dollars. Again,

00:16 that includes her her husband and that increase, which, you know, up from seven million in 2021,

00:22 up from six million in 2019. That's largely due to an increase in the value of the L.A. home that

00:27 she shares with her husband, Doug Emhoff, as well as the addition of a federal pension that she

00:32 recently became eligible for. The rest of her fortune actually looks remarkably similar to

00:36 where it was in 2021. So can you talk about the other assets that make up this net worth?

00:42 So we already talked about this roughly a million dollars of pensions that she has from state and

00:47 local government. There's also a federal pension that she recently became eligible for. That's

00:50 worth about one hundred fifty thousand dollars. The biggest asset in their portfolio is their

00:55 Los Angeles home. It's their only piece of real estate left in their portfolio right now. It's

01:01 worth about four point four million dollars for estimating with about two million dollars of debt

01:06 on it. The rest of that is all, you know, a variety of investments in retirement accounts,

01:11 you know, in her husband's IRA, that kind of stuff. They've got, you know,

01:16 several million dollars of that kind of thing. And what is her salary as vice president?

01:23 Harris makes a little over two hundred thirty five thousand dollars as vice president,

01:27 and that salary has actually been frozen at that level since at least twenty nineteen.

01:30 And her and Doug Emhoff moved into the vice president's residence when she and Joe Biden

01:38 took office, but they ended up selling some of their real estate. Talk about that and the money

01:43 behind there. So they sold two properties soon after Harris became vice president.

01:50 You know, they were able to move into the vice president's residence, which they don't own,

01:53 but they also don't have to pay for. So they offloaded some of their extra real estate.

01:57 Harris had an apartment in San Francisco where she this is where she grew up. This is where she

02:01 rose in politics. But she sold off her last piece of real estate there in twenty twenty one for

02:06 eight hundred sixty thousand dollars. That's a pretty hefty profit over what she paid for it.

02:10 Twenty three years earlier, she sold it for five hundred sixty thousand dollars more.

02:15 And then the next thing that was sold also in twenty twenty one was that same D.C. apartment.

02:19 And she sold that one for about what they paid for it. So actually, in actuality,

02:23 they probably lost money on that apartment because of interest payments they had to pay

02:27 on their mortgage. She's written some books between 2009 and 2019. How much money did

02:34 she make from those? Yep, I've got her book list here. So she's got a twenty nineteen memoir called

02:40 The Truths We Hold. She's got a twenty nineteen kids book called Superheroes Are Everywhere,

02:44 and she's got a 2009 criminal justice policy book called Smart on Crime. And so those three titles,

02:51 they made her quite a bit of money in twenty twenty twenty one. She made three hundred fifty

02:56 thousand dollars approximately in twenty twenty four hundred fifty thousand dollars in twenty

03:00 twenty one. But after the sort of the hype of her becoming elected or being elected vice president,

03:05 died down a little bit, that income stream was cut off significantly. And so that trickled to

03:10 eighty thousand dollars in twenty twenty two and just eighty five hundred dollars in twenty twenty

03:14 three, which is our most recent disclosure. So is there any indication of what she did

03:19 with that money as well as the money that she made with Doug Emhoff from selling those properties?

03:24 It's kind of unclear. It doesn't really show up very well in the disclosures that we have since

03:30 she became vice president. You know, on the one hand, these disclosures are pretty opaque.

03:35 They only have to politicians only have to report these sort of broad ranges. And so we don't

03:40 actually know exactly how much she maybe if it had been distributed across a number of different

03:46 investments, it might not show up very easily. So, you know, it's difficult to say, but suffice

03:53 to say, most of her financial assets look fairly similar to what they look like in twenty twenty

These Are The Assets That Make Up Kamala Harris' Net Worth

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