What is Kamala Harris's net worth? Here is how much of a salary US Vice President will make and her properties
On January 20, 2021, Kamala Harris was sworn in as the first woman of color elected vice president alongside President Joe Biden after the election results got announced in November 2020. Now, the internet is curious about Kamala Harris’ net worth and how much she will make as Vice President of the United States.
What is Kamala Harris's net worth?
As Vice President, Harris is expected to make $235,100 per year. The salary has been set at this number since 2014 when the annual income was frozen by Congress during the Obama Administration. If the freeze is lifted, the vice president could make $243,500 or more.
While running in the Democratic primaries, Harris filed 15 years of tax returns, detailing her finances back to 2004. That was the year she took office as district attorney in San Francisco, a role that allotted her to earn $142,000 in her first year in office, according to tax filings. Over the next six years, she saw her wages steadily increase until they hit $202,000 in 2010 when she was elected attorney general of California. That position came with more power and prestige—but less money, her tax filings show. In her first year as attorney general, in 2011, she made $159,000.
Her net worth falls around $1.7 million. In her latest Senate financial disclosure, Harris reported she made $277,763 in income in 2019 entirely from book publishing advances. She keeps a significant portion of that in cash, with a Wells Fargo savings account that has between $250,001 and $500,000 in it. However, the biggest chunk of her reported wealth would come in the form of her retirement plan through the city of San Francisco. Her City & County of San Francisco 457(b) Deferred Compensation Plan could be worth as much as $800,000. She also has between $115,002 and $300,000 in debt from a mortgage — 30 years with a 3.75% APR — and a home equity line of credit — 20 years at a 4.75% APR.
Fortune recently estimated Harris and Emhoff's net worth at $6.3 million.
How many houses does Kamala Harris have?
The official residence of the vice president is a bit of a step down for Kamala Harris and her husband Douglas Emhoff's lavish houses in America. Their new residence, where Harris will be moving with her family is located at, 1 Observatory Circle. It is a lavish six-bedroom house built in 1893. Since it was assigned the official residence of the vice president in 1974, the house has undergone millions in renovations, over half of them when Al Gore moved in, in 1993.
Harris’ husband, Emhoff bought a 3,500-square-foot house in 2012 (two years before he and Harris married) for $2.8 million. The house is valued at nearly $5.2 million. The four-bedroom house is located at Brentwood, Los Angeles. Harris also purchased a two-bedroom condo in D.C. for $1.775 million that is now worth between $1.8 and 2.1 million.
In 2004, Harris bought a condo in San Francisco's South of Market neighborhood for $489,000. Its value has nearly doubled since then.