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Home / US Business / Breaking down Kamala Harris' net worth as she steps into a new role as Joe Bien's running mate

Breaking down Kamala Harris' net worth as she steps into a new role as Joe Bien's running mate



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Joe Biden's running mate Kamala Harris, announced Tuesday, already stands out in the political arena as the first woman of color on a presidential campaign ticket. Another factor distinguishes the California senator: She is among the richest of the Democratic candidates for the 2020 election.

Biden elected Harris as his potential vice president after they campaigned against each other during the Democratic primary – with the former VP Biden finally prevailing over rivals who are to be assumed to be the party's nominees.

Harris' net worth is as much as $ 6.3 million, based on the assets listed in her latest financial Senate plea, which was filed in May. It makes her richer by some measures than even her presidential mate: Biden's assets, according to his 201

8 tax return, amounted to as much as $ 2.7 million.

By comparison, Senator Elizabeth Warren – who originally ran alongside Harris and Biden for the Democratic presidential nomination, and was once considered a leading candidate for Biden's VP election – revealed up to $ 8.9 million in assets in her latest economic archive for the Senate. Financial information includes bank and investment accounts, but not other assets such as real estate and real estate.

Of Harris' fortune, much of the money is held in the name of her husband, Douglas Emhoff, a partner in the large international law firm DLA Piper. Excluding Emhoff's assets, Harris still has up to $ 1.7 million in his accounts.

In terms of income, Harris was also one of the highest paid of the Democratic candidates, second only to Biden himself, according to a New York Times analysis last year. (The analysis preceded Michael Bloomberg's entry into the presidential election.) Harris and her husband reported nearly $ 1.9 million in adjusted gross income in 2018, the candidate's latest tax return shows. They paid an effective tax rate of 37% on that income – the highest rate for all Democratic presidential candidates, including Biden, even though his income was higher.

Biden's tax returns show that he reported nearly $ 4.6 million in revenue in 2018, paying an effective interest rate of 33.8%.

Harris recently revealed that she personally earned $ 277,763 in revenue in 2019 in her most recent publication by the Senate, ranging from book publishing regulations.

Politically, Harris has proposed some changes to the US tax policy, including taxation of stock trading to 0.2% and bond trading of 0.1% – a change that could potentially increase the tax she pays on her own investment accounts, which includes both stock- and bond funds.

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