The major party vice presidential nominees — Democrat Tim Walz and Republican JD Vance — sharply disagree on a range of issues. The differences in their personal finances are just as stark.
Minnesota Gov. Tim Walz, a former teacher and member of the U.S. House of Representatives, earns about $127,000 in salary per year, retains no stock holdings and relies on a pension account as his primary asset, financial disclosures show.
By contrast, Sen. JD Vance, R-Ohio, a former venture capitalist, brought in roughly $221,000 in 2022 from salary and book royalties, as well as hundreds of thousands in investment income, a U.S. Senate financial disclosure showed. He also held significant wealth in brokerage accounts and dozens of business investments, according to the financial disclosure.
In 2019, Walz reported a pension account worth as much as $100,000, as well as a life insurance plan with a value as high as $50,000, according to a financial disclosure that year.
Walz does not invest in any stocks, bonds or other securities, according to a U.S. House disclosure in 2019. As of January, Walz continued to forego ownership of any securities, a Minnesota financial form shows.
He does not invest in real estate, either. Walz and his wife, Gwen, appear to have sold their home in Mankato after gaining access to the governor’s mansion, the Minnesota form shows.
