Walz’s meager finances match his background as a small-town coach from America’s heartland.

The all-American working man demeanor of Tim Walz—Kamala Harris’s new running mate—looks like it’s not just an act.

Financial disclosures show Tim Walz barely has any assets to his name. No stocks, bonds, or even property to call his own. Together with his wife, Gwen, his net worth is $330,000, according to a report by the Wall Street Journal citing financial disclosures from 2019, the year after he became Minnesota governor.

With that kind of meager nest egg, he would be more or less in line with the median figure for Americans his age (he’s 60), and even poorer than the average. One in 15 Americans is a millionaire, a recent UBS wealth report discovered.

Meanwhile, the gross annual income of Walz and his wife, Gwen, amounted to $166,719 before tax in 2022, according to their joint return filed that same year. Walz is even entitled to earn more than the $127,629 salary he receives as state governor, but he has elected not to receive the roughly $22,000 difference.

“Walz represents the stable middle class,” tax lawyer Megan Gorman, who authored a book on the personal finances of U.S. presidents, told the paper.

  • Coelacanth
    2231·
    5 months ago

    Tim Walz barely has any assets to his name. No stocks, bonds, or even property to call his own. Together with his wife, Gwen, his net worth is $330,000

    They need to fucking run with this in their programming. It’s such a powerful contrast to billion dollar baby and Peter Thiel’s plaything. He is demonstrably not in it for the money. He’s just a guy, trying to improve people’s lives and that’s it.

    • JimmyMcGill@lemmy.world
      212·
      5 months ago

      They’ll spin it that he’s so poor that he is incompetent or just going for VP for the paycheck will “billionaire” Trump is a good business man and doesn’t need the paycheck at all. But it will probably backfire cuz that just makes Walz relatable AF, especially to younger or more rural voters.

      • Lost_My_Mind@lemmy.world
        1·
        2 months ago

        “He’s just a guy doing work for MONEY!!! He doesn’t care about the JOB!!! He just shows up for a paycheck!!! He hates the American people, because as vice-president they’re his BOSS!!! He hates his BOSSES!!! Not like Donald Trump! Trump only hates people who aren’t white! But he hates people equally, regardless of their job!”

        “Whoa! This Walz guy sounds just like me! I only do my job for the money too! And I hate my boss! My company used to be so much bigger until my bosses fucked everything up! Blockbuster used to be HUGE!”

        “You work at a Blockbuster Video? Like the video tape rental place???”

        “Yeah!”

        “Where even IS a Blockbuster anymore??? I thought they all went out of business…”

        “In Alaska. We don’t have internet up here, so nobodys heard of Netflix.”

        “You live in Alaska? I’m not sure you even CAN vote in a USA election. That’s part of Russia, man!”

        “What? No it’s not.”

        “It used to be! And that means Russia can take it back anytime Putin wants.”

        “That’s…not how that works…”

        “Tell that to Ukraine! They’re invading Russia right now.”

        “I mean…yeah, ok, they are, but only in self defense of a war that’s been going on for 2 years prior.”

        “And that war started because Ukraine didn’t just hand themselves over back to Russia. As they’d previously been.”

        “You’re an idiot.”

        “And you work for Blockbuster.”