September 28, 2021

How Much Is Vice President Kamala Harris Worth?

There was not much publicity when President Joe Biden and Vice President Kamala Harris took the Oval office. It was a pretty quiet inauguration. Around 191,500 U.S. flags were used to cover the National Mall, to represent the people who could not be present at Inauguration Day. This was because of the global COVID-19 pandemic and the assault on the Capitol that happened on January 6.

But as far as setting records go, Vice President Kamala Harris has not been very silent. She is the first woman in the United States of America to hold the position of Vice President while also being the first Black and Indian-American person that sits on the chair. 

From Entry-level Prosecutor to the US Vice President: The Journey of Kamala Harris

Vice President Kamala Harris

Much before Kamala Harris came to be recognized as the Vice President of the United States of America, she held her first public office in the year 2004. Right now, the U.S Vice President is worth a whopping $7 million as estimated through her shared documents and portfolio. But this $7 million fortune she sits on was not built overnight. 

Kamala Harris started her career as an entry-level prosecutor at the Alameda County district attorney’s office. Kamala Harris was born in Oakland, California. Her parents were immigrants in the US and belonged from India and Jamaica. They had separated soon after the birth of Harris’ younger sister, Maya. Her mother was a breast cancer researcher and both the sisters stayed with their mothers in Montreal. Later, Harris returned to the USA for academic purposes. 

She attended Howard University for college and then went back to California to get her law degree. Kamala Harris graduated in the year 1989, and her career began at the Alameda County district attorney’s office. 9 years later in 1998, she started working at the San Francisco district attorney’s office. According to her tax return documents, she had earned over $140,000 the following year. This is when she bought a condo in the SoMa neighborhood of San Francisco. The condo was priced at about $300,000. Later in March this year, Kamala Harris sold the condo for $860,000. 

Harris then contested for and won the San Francisco district attorney post for herself. After that, she contested for the office of California’s Attorney General in the year 2010. She won and became the first black woman to hold the position of Attorney General in California. 

Her Journey and Financials After Marriage in 2014

Journey of Kamala Harris

Kamala Harris’s career as a prosecutor earned her a six-figure income as indicated by her tax returns that she released when running for the Democratic party. She got married to Douglas Emhoff in 2014. In the first year of their marriage, the couple filed a joint tax return that indicated an earning of around $1.3 million. 

According to CNBC, Harris and Emhoff revealed an income of $1.9 million in the year 2019. That being said, the majority of the couple’s worth arises from the earnings of Doug Emhoff, who is an attorney himself.

Douglas Emhoff is also a partner at DLA Piper which is a renowned global law firm that operates in over 40 countries around the world. Douglas Emhoff is recognized to be one of The Best Lawyers in America for Litigation. 

  • In a 2018 tax return that was reported by The Washington Post, it was seen that Harris earned a Senate salary amounting to $157,352 and an amount of $320,125 through her memoir, which reflects her pre-presidential campaign sales. According to NPD Bookscan, “Truths We Hold,” her memoir, was launched in the year 2019. More than 200,000 copies of it were sold in the U.S. In 2018, the couple together reported a total household income of  $1,884,319.
  • In her run for the U.S. Senate in the year 2015, Harris had declared a detailed financial statement to the government. This statement revealed that the couple jointly owned assets and liabilities worth between $1 million and $3.9 million. This was excluding their personal residential real estate at that point in time. During this time, Emhoff also dumped over a couple of dozens of stockholdings that were conflict-prone and could lead to complications. 
  • As Harris’ popularity continued to grow, her earnings significantly increased as well. Ever since the year 2018, she reported an income of almost $879,000 from her writing venture, reflected by her tax filings. Kamala Harris earns $230,700 as the Vice President of the United States. This amount is almost 33% more than what she earned as a senator.
  • She has a new home in the Naval Observatory in Washington, which will be there for at least the next four years. Kamala Harris is taking advantage of this privilege and being a wise diplomat, she is making the most of this booming housing market. She has listed a D.C. condo she owns. She bought it for a price of $1.8 million in 2017, and now she’s asking for a price of $2 million for the condo.

Finishing Up

Emhoff’s earnings are also set to skyrocket as Harris takes the office of U.S. Vice President. To account for other assets of the couple, their wealth is not in the form of liquid cash. Their assets include real estate properties in Los Angeles, Washington, D.C., and San Francisco which has an estimated value of $5.8 million. If the mortgage payments they still owed are subtracted, then these properties will amount to about  $2.5 million of the couple’s wealth. The couple also has retirement accounts which had a value of around $1.4 million last year. 

Along with that, they have another $1 million invested in capital accounts that are associated with the law firms where Douglas Emhoff had previously worked. All that being said, Forbes reported in 2019 that the couple jointly held a whopping $7 million in assets along with Harris’ biggest theoretical asset of becoming the first woman Vice President of the USA.

Read More: Best Ideas Of Earning Money Online

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