Vice President Kamala Harris had a mixed financial year in 2023, according to a government financial disclosure released on Wednesday. While her salary remained at $235,100, she made significantly less income from her books, earning only $8,488—the lowest amount since she took office. However, Harris saw an increase in interest income, totaling between $31,200 and $103,500 thanks to several bank accounts held by her and her husband, second gentleman Doug Emhoff.
Harris has relied on her books for extra income, with her three previous works bringing in substantial amounts in previous years. However, with no new books released since taking office, her book income decreased significantly in 2022 and continued to decline in 2023. In contrast, interest income saw a significant boost amid high interest rates, providing a more substantial source of income for the second couple.
Emhoff, who teaches at Georgetown University Law Center, reported actively managing his savings with 103 purchases or sales of various investments in 2023. The couple’s portfolio is focused on holdings meant to limit conflicts of interest, such as bonds and index funds. Forbes estimated their net worth to be $7 million in 2021, with real estate in Los Angeles and Washington, D.C., pensions from Harris’s time in government in California, and retirement accounts.
In comparison to the second couple’s net worth, President Joe Biden’s net worth was estimated at $10 million, up from $8 million when he took office. This increase was attributed to soaring real estate prices and a booming stock market. Donald Trump, on the other hand, has a net worth of $7.9 billion as of Wednesday, with fluctuations due to the stock of Trump Media and Technology Group. Trump’s disclosure is now due on July 1 after he requested an extension.
While Harris may not have the wealth of Trump, she did receive a unique gift in the form of free Beyoncé tickets, which she reported on her financial disclosure as a $1,656 gift from the pop star. Despite her book income decreasing, Harris continues to maintain a diverse portfolio with a focus on investments that limit conflicts of interest. As she navigates her term as vice president, Harris’s financial situation remains a topic of interest and evaluation.
