Revealed: Tim Walz's Assets & Salary & Career Highlights Net Worth 2026: Career Earnings & Assets

As one of the most talked-about figures, Tim Walz has built a significant fortune. Our team analyzed the latest data to provide a clear picture of their income.

What is Tim Walz's Net Worth and Salary?

The Governor of Minnesota earns an annual salary of $127,629. Tim's wife, Gwen, makes around $59,000 per year working for Mankato Area Public Schools. During his time as a member of Congress, Tim was entitled to an annual salary of $174,000, an increase from $149,690 that was allowed after Congress granted itself various cost-of-living wage increases. Tim refused to accept the cost of living wage increases, seeing them as hypocritical. He literally returned the differences to the US Treasury. During his time in Congress, which began in early 2007 and ended in late 2017, Tim returned $81,684 to the US Treasury. According to a letter that was made public, the US Treasury informed Walz:"To date you have returned funds to the U.S. Treasury reducing the national debt by the amount of $81,684.00."

Tim Walz's financial situation raised some eyebrows when he was announced as Kamala's running mate. After he was announced as running mate, it was revealed that Tim and his wife Gwen do not own a home, any stocks, mutual funds, bonds or any other securities. He has earned zero dollars from speaking fees or book royalties.

Tim released financial disclosures between 2008 and 2019. According to these disclosures, during this period, his net worth estimate was as high as $330,000 (2019) and as low as $13,500 (2017). According to a financial disclosure his 2017, out of 435 members of the House of Representatives, he ranked as the 365th richest.

According to his latest filing (2019), Tim and his wife (both of whom have worked for many years as public school educators) have pensions worth lump sum values of between $81,000 and $215,000. Thanks to his 12 years (so far) working in the Federal government, Walz will also eventually receive around $55,000 per year as a pension.

Tim Walz serves as the governor of Minnesota, having taken office in 2019. Before that, from 2007 to 2019, he served as the US Representative for Minnesota's 1st congressional district. Prior to his political career, Walz spent 24 years in the Army National Guard and worked as a geography teacher and football coach at Mankato West High School.

Tim's disclosure 2017 reported assets worth between $200,000 and $500,000. His asset values were canceled out by liabilities valued in exactly the same range. His primary asset AND liability was a home in the city of Mankato, Minnesota which had two mortgages. He sold this home in 2019 for $300,000, less than his asking price but still a very modest capital gain. He owns a modest two-bedroom rental property in Mankato that generates less than $2,000 per month in income and a stake in a family farm worth $15,000 to $50,000.

Tim Walz is a Democratic politician, former US Army non-commissioned officer, and former educator who has a net worth of $50,000. Much more detail on Tim Walz's net worth, a false rumor about a secret $400 million fortune, in the next sections below.

In July 2024, Tim's name began to be floated as a potential Vice Presidential running mate forKamala Harris. He was officially revealed as her selection in August 2024. Kamala and Tim lost the Presidential race toDonald TrumpandJD Vanceon November 5, 2024.

Salary & Treasury Donation

In October 2024, Tim released his 2023 tax return. The tax return showed that he made $112,493 as Governor of Minnesota. His wife made $51,231 as a teacher.

In summary, the total wealth of Tim Walz reflects strategic moves.

Disclaimer: All net worth figures are estimates based on public data.