Vice President Kamala Harris experienced a decline in her book royalties in 2023, making less than $10,000 from her publications, which is the lowest amount since she took office. However, she offset this decrease with a significant increase in interest income compared to previous years, thanks to high interest rates. Along with her annual salary of $235,100, Harris also earned additional income from various investments. Her husband, Doug Emhoff, who teaches at Georgetown University Law Center, also contributes to their financial portfolio.
Despite the decline in book royalties, Harris and Emhoff reported between $850,000 and $1.7 million in cash and between $2 million and $5 million in retirement account investments. Their investment portfolio is primarily focused on holdings such as bonds and index funds, designed to minimize potential conflicts of interest. Emhoff, who previously worked as an entertainment litigator in California, actively manages their savings with over 100 purchases or sales of investments reported in 2023. Meanwhile, Harris did not conduct any transactions during that period.
In 2021, Forbes estimated Harris and Emhoff’s net worth to be $7 million, which includes real estate in Los Angeles and Washington, D.C., as well as pensions from Harris’s government service in California. They sold their D.C. home in 2021 and now reside in the 33-room mansion traditionally occupied by the vice president. Harris’s financial standing is comparable to President Joe Biden, with Forbes estimating his net worth at $10 million, mainly due to rising real estate prices and a thriving stock market.
In contrast, former President Donald Trump remains considerably wealthier, with a reported net worth of $7.9 billion as of the latest disclosure. His wealth is heavily influenced by the performance of Trump Media and Technology Group, which operates Truth Social. Trump’s disclosure has been extended to July 1, as he requested additional time to provide updated financial information. Despite Trump’s substantial wealth, Harris recently reported receiving complimentary Beyoncé concert tickets as a gift from the pop star, showcasing a perk that Trump may not have access to.
Overall, Harris’s financial situation in 2023 saw a decrease in book royalties offset by increased interest income from investments. Alongside her vice presidential salary, Harris continues to maintain a diverse investment portfolio with her husband. As both Harris and Biden navigate their financial disclosures, Trump’s significant wealth remains a notable contrast, with fluctuations in his net worth tied to his business endeavors. Despite the variations in their financial standings, Harris’s disclosure of free Beyoncé tickets adds a personal touch to her financial overview.
