Kamala Harris’ Wealth: A Detailed Look at Investments and Public Service Earnings
Kamala Harris, the current front-runner for the Democratic presidential nomination, has built a significant portion of her wealth through strategic investments made with her husband, Doug Emhoff. During her 2020 presidential campaign, Harris released 15 years of tax returns, providing an unprecedented look at her financial history.
Financial Growth After Marriage
Harris’ net worth saw a notable increase after her 2014 marriage to Emhoff, an entertainment lawyer. Their combined assets, detailed in tax records and financial disclosures, reflect this growth. Before their marriage, Harris’ primary income came from her public roles as the district attorney of San Francisco and attorney general of California. Her income peaked at $263,000 in 2010 but dropped to below $160,000 annually from 2011 to 2013 as she served as attorney general.
Emhoff’s Contributions
Emhoff’s career significantly bolstered their finances. Representing major companies like Walmart and Abbott Labs, Emhoff earned over $1 million annually and had various investments and stocks. When Harris announced her Senate run in 2015, Emhoff sold many of his stocks, including shares in CVS Health and Oracle, to comply with ethics regulations. Harris won her Senate seat in 2016, further increasing their household income.
Increased Earnings and Memoir Advance
Harris’ earnings continued to grow with her rising public profile. In 2018, she received a substantial advance for her memoir, leading to a reported joint income with Emhoff of $1,889,156. Emhoff transitioned from his law firm to a faculty position at Georgetown University in 2020, which caused their income to drop from over $3 million in 2019 to around $450,000 in 2023.
Current Financial Standing
Despite this decrease, Harris and Emhoff’s net worth remains robust. Forbes estimates their net worth at $8 million, supported by real estate assets and pension investments. This financial stability positions Harris well as she potentially faces off against Donald Trump, whose net worth Forbes estimates at $5.9 billion, primarily from real estate and other ventures.
With Harris’ blend of public service and strategic investments, her financial narrative continues to evolve as she aims for the highest office in the United States.