Money Moves May 19, 2021 at 10:00 am

What is Kamala Harris’ net worth and how much does she make as VP?

Abu Mubarik May 19, 2021 at 10:00 am

May 19, 2021 at 10:00 am | Money Moves

Vice President Kamala Harris. Photo: Chip Somodevilla/Getty

Kalama Harris made history as the first woman and first Black person as well as Indian-American woman to be elected Vice President of the United States of America after running with Joe Biden in 2020. Prior to becoming the VPOTUS, she served as a Senator for California from January 2017 to January 2021.

She first ran for office in 2003 and was elected to become the district attorney of San Francisco. In 2010, she ran for the attorney general post in the state of California, which she won, making her the first Black woman to hold the position.

As vice president of America, Harris is expected to earn $235,100 per year, a lot more than she made as Senator for California which was around $174,000.

In her memoir, The Truths We Hold: An American Journey, Harris noted that “We weren’t rich in financial terms. But the values we internalized provided a different kind of wealth.”

Now, as the vice president of America, and having served in various capacities, Harris is surely rich.

Forbes estimates her net worth, which she shares with her husband, Douglas Emhoff, at $6 million. According to Forbes, their assets include an estimated $5.8 million homes in Los Angeles, Washington, D.C., and San Francisco.

“There are also retirement accounts worth at least $1.4 million. And two capital accounts tied to law firms where Emhoff has worked, worth at least $1 million,” Forbes wrote in 2019.

In 2020, Fortune reported that Harris and Emhoff’s net worth is $6.3 million, basing it on the assets listed in her Senate financial disclosure, filed in May that year. “More recently, Harris disclosed that she personally made $277,763 in income in 2019 in her latest Senate financial disclosure, all from book publishing advances,” Fortune wrote.

Harris is the eldest child of her immigrant parents. Her mother comes from India and her dad comes from Jamaica. They first met as undergraduates while participating in a civil rights movement at the University of California Berkeley.

However, her parents separated not long after her younger sister, Maya, was born. The sisters moved into a Berkeley apartment with their mother before moving to Montreal, when her mother landed a new job there. After High School, Harris attended Howard University and University of California, Hastings College of Law to become a prosecutor.

On Monday, the White House released the 2020 tax returns of Vice President Harris and second gentleman Douglas Emhoff. They reported a federal adjusted gross income of $1,695,225 and paid $621,893 in federal income tax, amounting to a 2020 effective federal income tax rate of 36.7 percent.

According to Business Today, they also paid $125,004 in California income tax and contributed $27,006 to charity in 2020. Per the tax returns, much of their income came from Emhoff’s past work at a law firm, DLA Piper. Harris also reported nearly $300,000 income from her 2019 book in addition to her U.S. Senate salary, according to Politico. Their assets were listed as being between $3.1 million and $7 million, the report added.

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