As the 2024 presidential election gets closer, Vice President Kamala Harris and former President Donald Trump offer varied visions for the country. They also hold significantly differing personal net worths. Net worth is the value of a person's assets less their obligations, demonstrates how much riches each contender has amassed. Here's a deeper look at how much wealth they have acquired:
Donald Trump's Net Worth
According to Forbes, Donald Trump's net worth decreased from $7.5 billion in May 2024 to an estimated $3.5 to $3.7 billion as of September 2024. His income is mostly derived from real estate businesses such as hotels, resorts and golf clubs. However, recent commercial losses, notably with Trump Media & Technology Group, have had a substantial impact on his finances. His company's value fell dramatically lowering his share in Trump Media & Technology Group from $6.2 billion to around $2.1 billion. Trump continues to rank among the wealthiest figures in US politics despite these declines.
Kamala Harris's Net Worth
Kamala Harris on the other hand, has a net worth of $8 million which is modest compared to Trump but has shown consistent growth. According to Forbes, her fortune is mostly derived from real estate interests which include a California home worth $4.4 million as well as properties in Washington D.C. and Los Angeles. Harris also benefits from her husband Doug Emhoff's successful legal career as their combined fortune has increased from $6 million in 2019 to $8 million in 2024. Her financial security has come from her political career, as she has earned a $500,000 book advance in addition to her $218,000 Vice President salary.
Key Differences in Wealth Accumulation
Trump's fortune is mostly derived from inherited family assets and his commercial operations especially in real estate. However, his fortune has been subject to fluctuations due to volatile market conditions and legal battles. In contrast, Kamala Harris’s financial growth has been consistent and stable, largely due to her political career, real estate investments, and her husband’s income. While Trump's business empire has faced significant setbacks, Harris’s wealth trajectory is marked by steady growth and financial prudence.
Although Donald Trump has a far larger net worth than Kamala Harris their wealth-accumulation techniques are very different. Trump's wealth varies with his commercial pursuits, but Harris's financial situation is based on a solid political career and safe investments. As the 2024 election approaches, these financial profiles provide insight into the opposing histories of the two contenders.
