Kamala Harris has solidified her position as the Democratic frontrunner for the 2024 presidential nomination, with a record-breaking number of endorsements and donations to her campaign. While her personal finances are already strong, Harris stands to benefit financially from her White House run, regardless of the election outcome. Past vice presidents who have run for president, such as Mike Pence and Joe Biden, have seen significant increases in their net worth through speaking engagements, writing memoirs, and other post-political career opportunities.
Harris’ husband, Doug Emhoff, also has the potential to greatly increase their wealth, especially if Harris does not win the presidency in 2024. As a successful entertainment lawyer prior to becoming Second Gentleman, Emhoff could return to private practice with valuable government contacts, potentially surpassing the financial gains made by Pence and Biden’s spouses. However, if Harris does win the presidency, she will receive a taxpayer-funded mansion, expense allowance, and a significant pay raise, along with a pension under the Former Presidents Act that would provide a substantial annual income for life after leaving office.
While the financial perks of the presidency are tempting, it is typically post-presidency where ex-politicians truly cash in. The Clintons and Donald Trump, for example, have made significant amounts of money through speaking engagements, writing books, and other ventures. Harris, already a well-known national figure, could potentially command high fees for similar opportunities, regardless of the election outcome. With a net worth of $8 million, Harris and Emhoff are already significantly more affluent than the average American in their age group, and their financial future seems secure, regardless of the election results.
Ultimately, whether Harris and Emhoff are able to increase their wealth more rapidly by winning or losing the election is uncertain. While it is unlikely that Harris is making decisions about running for president based solely on financial incentives, it is clear that they have multiple avenues to capitalize on their political fame and connections, should they choose to do so. With a potential presidency bringing financial benefits during and after leaving office, Harris and Emhoff have plenty of opportunities to secure their financial future, regardless of the election outcome.
