Tim Walz’s net worth trails the other candidates

Gregory Korte | Bloomberg News (TNS)

WASHINGTON — Minnesota Gov. Tim Walz is likely the poorest of the four people on this year’s major-party presidential tickets following his selection as Democratic nominee Kamala Harris’ running mate, with a disclosed net worth of under $1 million.

As a former House lawmaker who pushed a federal law tightening disclosures of congressional stock trading in 2012, Walz said at the time he did not own any stocks himself. More than a decade later, he still doesn’t, according to his most recent disclosures.

Republican nominee Donald Trump is worth $5.7 billion, ranking 500th on the Bloomberg Billionaires Index. His running mate, Senator JD Vance of Ohio, disclosed a net worth between $4.3 million and $10.7 million in his most recent U.S. Senate disclosure.

Vice President Harris has disclosed between $550,000 and $1.1 million in cash in U.S. bank accounts. She also holds between $775,000 and $1.8 million in retirement funds.

Walz’s most recent disclosure to the Minnesota Campaign Finance Board listed no stocks, real estate or horse racing interests. Minnesota has a much narrower definition of reportable assets than federal law, however, excluding stocks worth less than $10,000 and any mutual funds or exchange-traded funds.

His congressional disclosures before that show relatively modest and conservative investments befitting his status as a retired teacher and Army National Guard soldier. In his last filing as a member of Congress in 2019, Walz disclosed assets worth between $362,000 and $830,000.

Those numbers included the value of his home, which he ordinarily would not have to disclose. Because Walz and his wife rented out a spare room, however, it was listed as an income-generating asset.