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United States President Joe Biden withdrawn from the 2024 presidential race less than four months before election day.
Minutes after announcing his decision, Biden endorsed Vice President Kamala Harris as the Democratic Party's presidential candidate.
This move positioned Harris as the top conteder for the Democratic National Convention , where delegates voted for her as the new nominee.
Exploring Kamala Harris' net worth
Kamala Harris' financial standing has been a topic of interest, especially following her elevation to Vice President.
In 2023, Yahoo! Finance estimated her net worth to be between $6.75 million and $15.29 million.
However, her 2023 financial disclosure report reveals a more nuanced picture, with her net worth ranging from -$2,108,952 to $5,839,999.
Forbes estimates that together with her husband, second gentleman Doug Emhoff, Harris has a net worth of about $8 million, an increase from $7 million in 2021.
This figure is approximately 20 times the median net worth of Americans in their age group.
Harris' wealth has been amassed through various avenues:
- Public Service Salaries: Throughout her career as a district attorney, attorney general, senator, and now vice president, Harris has earned a steady income.Her current annual salary as Vice President is $235,100.
- Book Deals: Harris has authored several books, including "Smart on Crime," "The Truths We Hold," and a children's book, "Superheroes Are Everywhere," all contributing significantly to her income.
- Investments: Along with Emhoff, Harris has made various investments that have appreciated over time.
- Speaking Engagements: Before becoming vice president, Harris was a sought-after political speaker, earning considerable fees for her appearances.
The 2023 financial disclosure report for Vice President Harris details assets totaling between $2,891,048 and $6,840,000, with liabilities ranging from $1,000,001 to $5 million.
Harris, 59, is set to receive an estimated $8,200 in monthly payouts from her California pensions later this year, with federal pension payments likely to commence in 2026.
Polls indicate that many Democrats view Harris as a strong successor to Biden, given her role on a successful presidential ticket and her extensive experience.
Her loyalty to Biden and her significant campaign resources position her favorably against potential challengers.
Harris has underscored the importance of the election, calling it "the most existential, consequential and important election of our lifetime."
With Biden's endorsement and her track record, Harris is poised to make a significant impact on the Democratic Party's future.