Donald Trump-Kamala Harris: What is their fortune and how did they become rich?

His voters Donald Trump up and down they know the former US president is rich as they go to the polls in November. However, the tycoon’s income has been called into question after a civil court ruled that he appeared to have more money than he actually had.

The financial situation of Mr. Trump’s running mate, Jay Dee Vanceand their Democratic opponents, Kamala Harris and Tim Walzwere also audited in the run-up to the November 5 election.

But just how much are the candidates worth, how did they amass their wealth, and how much will they be paid if they win the election?

Donald Trump

Trump, the Republican candidate for the presidency, was “made” in real estate before he decided to become a politician. Talk about crazy money… He owns 18 clubs (golf and everything else one can think of in clubs), the 20-acre Mar-a-Lago estate in Florida, hotels, office buildings, residences and other properties.

But the value of the 78-year-old’s assets has long been disputed, with New York Attorney General Letitia James, who brought the civil suit against him, saying Mr Trump has exaggerated at times. The former president of the USA may have put in 3.6 billion more, but you are not bored… He is rich again.

Estimates of his net worth have changed this year due to changes in his biggest asset: the parent company of the Truth Social platform.

The company, called Trump Media & Technology Group (TMTG), went public in March and its valuation soared to more than $10 billion within hours. But its shares have steadily lost ground, accelerating after the end of President Joe Biden’s failed re-election bid on July 21 and falling even more after Mr Trump’s debate with Kamala Harris in September. Mr Trump owns 57% of the company and his shares are now worth about $1.6 billion, according to Reuters.

The amount of cash it has is also a controversial issue. In March he claimed to have nearly $500 million in cash, despite his lawyers arguing that he could not cover the $454 million he was ordered to pay in the civil fraud case.

His income

Trump rakes in millions from his golf courses and real estate, according to 200 pages of documents he released in August as part of his presidential bid.
The documents reveal his business empire, with major sources of income including the iconic Mar-a-Lago resort, which brought in more than $56 million, $37 million from his New Jersey golf club, $31 million from his club in Florida and $26 million from his golf club in Scotland.

He has earned millions from speaking engagements and book sales – including $4.4 million in royalties from a book called “Letters To Trump” and another called “A MAGA Journey.” He also still receives royalties from earlier books, such as “The Art Of The Deal,” which was published in 1987 and earned the former president $50,000 to $100,000 last year.

His wife Melania also contributes to the family korban. She received $237,000 for a speech she gave on gay rights last April. What is Trump’s net worth? Forbes estimates his fortune to be around $4 billion as of October 1st.

Kamala Harris

Before Kamala Harris became vice president in 2021, she had a long career as a prosecutor. Earning a law degree in 1989, she started as an assistant district attorney and rose through the ranks to be elected California attorney general in 2010 before becoming a senator in 2016.

According to California government data, the Democratic presidential candidate would have earned an annual salary of between $143,571 and $158,775 for her time as attorney general. Meanwhile, all senators have a government-paid salary of $174,000 starting in 2024, according to U.S. Senate figures. Her husband, Doug Emhoff, whom she married in 2014, was a lawyer before he began teaching at Georgetown Law School when his wife was elected vice president in 2020.

According to Forbes and data from 2019, the couple had three homes in San Francisco, Los Angeles and Washington. Her husband has at least $1 million in investments and at least $250,000 in cash, according to a CNBC report. Kamala Harris net worth has been a regular topic of discussion on social media since 2022. The reality is that Kamala and her husband currently have a net worth of $8 million, according to Forbes.

Tim Walz

Tim Walz, the Democratic vice presidential candidate, has been a high school teacher for much of his career. He does not own stocks, bonds or real estate. His current salary is $127,629.

In 2019, after his election in Minnesota, he and his wife, who is a teacher, sold their house and moved into the governor’s mansion. Their home sold for $315,000, according to CNBC. “Forbes” estimates that his fortune amounts to a little over 1 million dollars.

Jay Dee Vance

The Republican vice presidential candidate has assets worth millions of dollars. Mr. Vance first came to the fore with his best-selling book, Hillbilly Elegy, which was published in 2016.

Publisher HarperCollins said the memoir sold more than three million copies before Mr Vance was chosen as the vice-presidential candidate – Donald Trump’s “handpicked” – and a further 650,000 copies were bought in the 10 days after the announcement in July. The extra sales led the publishers to print hundreds of thousands of extra copies.

His biggest asset is his Schwab brokerage account, worth about $7.5 million, according to CNN. According to Forbes, the Vances own three homes: one in Washington with an estimated value of $850,000, another in Cincinnati worth about $1.8 million and a home in Virginia also worth about $1.8 million . As an Ohio senator, Mr. Vance also has an annual salary of $174,000. In total, his fortune reaches 10 million dollars.