Tim Walz is currently serving as the 41st governor of Minnesota. Alongside his gubernatorial role, he was named Kamala Harris’s vice presidential running mate on August 6, 2024. Despite his significant public roles, Walz’s net worth remains relatively modest, estimated to be under $1 million. This figure is based on financial disclosures he filed in 2019 while he was a member of Congress. Notably, his assets do not include stocks or real estate; rather, they are limited to state and teacher pension plans.
Walz has been in public service since 2006, initially elected to the U.S. House of Representatives for Minnesota’s First Congressional District. He was re-elected multiple times and began his term as governor in 2018, securing his second term in 2022. Before entering politics, he was a high school teacher and football coach at Mankato West High School in Minnesota. Additionally, he served in the Army National Guard for 24 years, achieving the rank of command sergeant major, making him the highest-ranking enlisted officer to serve in Congress.
Quick Facts
| Fact | Detail |
|---|---|
| Position | 41st Governor of Minnesota |
| Net Worth | Under $1 million |
| Financial Disclosure Year | 2019 |
| Investments | State and teacher pension plans, 529 plan, whole life insurance |
| Annual Salary (2024) | $127,629 |
| Increased Salary | $149,550 (opted not to increase) |
| Previous Occupations | High school teacher, football coach, Army National Guard |
Investment Overview
Walz’s financial situation, as detailed in his 2019 disclosures, reflects his focus on secure investments rather than high-risk ventures. His net worth being under $1 million places him on the lower end compared to other presidential and vice presidential candidates. His latest financial report, filed with the state of Minnesota, shows that he does not own stocks, property, or businesses. The disclosure also highlights that the Minnesota Campaign Finance Board requires the reporting of securities worth over $10,000.
Walz’s investments are primarily in state and teacher pension plans, a 529 college plan, and a whole life insurance policy. In 2019, he and his wife Gwen sold their home in Mankato for $304,000, below the $315,000 asking price. This sale was part of their transition to the governor’s mansion, as reported by Axios.
Salary Details
As of 2024, Walz earns $127,629 as the governor of Minnesota. Although the governor’s salary was increased to $149,550 in July, Walz opted to keep his salary at the previous level. This choice reflects his commitment to public service over personal financial gain.
FAQs
What is Tim Walz’s current net worth?
Tim Walz’s net worth is under $1 million, based on his financial disclosures from 2019.
Does Tim Walz own any stocks or real estate?
No, according to his financial disclosures, Walz does not own stocks or real estate.
What are Tim Walz’s main investments?
His investments include state and teacher pension plans, a 529 college plan, and a whole life insurance policy.
What is Tim Walz’s salary as governor?
As of 2024, Tim Walz earns $127,629 as governor. Despite an increase to $149,550, he chose to keep his salary unchanged.
What did Walz do before entering politics?
Before his political career, Walz was a high school teacher, football coach, and served in the Army National Guard for 24 years.
Janine Ward is a seasoned financial writer specializing in celebrity net worth. With years of experience in financial journalism, she delivers well-researched, engaging articles on how celebrities build and manage their wealth. Janine’s writing makes complex financial concepts accessible, and she enjoys traveling and staying updated on industry trends in her free time.