Kamala Harris is a politician and attorney from the United States of America who was elected Vice President of the United States in November 2020. Kamala Harris has a net worth of $5 million as of this writing. The great majority of her net worth is derived from the income produced by her husband, attorney Doug Emhoff, since 2012.
In 2017, Kamala was elected to the United States Senate. On August 11, 2020, Joe Biden announced her as his running mate and likely Vice President in the 2020 presidential election.
Joe and Kamala defeated Donald Trump and Mike Pence in November 2020. The victory was a landslide, both in the electoral college and in the popular vote total. Kamala became the first female Vice President in US history and the first person of color to hold this role upon her inauguration.
Childhood and Career
Kamala Harris was born in October 1964 in Oakland, California. She received her undergraduate degree from Howard University and her Juris Doctorate from the University of California, Hastings. Harris served as San Francisco’s 27th District Attorney from January 2004 to January 2011. She served as the 32nd Attorney General of California from January 2011 until January 2017. In January 2017, Kamala Harris was elected to the United States Senate from California.
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In 2019, she launched her candidacy for the Democratic presidential nomination in the 2020 United States presidential election. She worked as a deputy district attorney in Alameda County, California, from 1990 to 1998. Among her positions are support for Medicare for all, sanctuary cities, recreational marijuana legalization, lower taxes for the working and middle classes, and passage of the DREAM Act.
Financial Resources and Wealth
Kamala Harris’ net worth was around $3.31 million as per her 2015 Congressional financial report. The vast majority of her net wealth is due to her husband Douglas Emhoff, a partner at DLA Piper Law Firm based in California and Washington, D.C., who specializes in entertainment and intellectual property law.
Kamala published 15 years of tax records in April 2019. The reports revealed that she and her spouse made approximately $1.9 million in 2018. Their primary source of income, approximately $1.4 million, was Kamala’s husband’s law firm pay. The pair paid $697,000 in taxes and donated $27,000 to charity, with approximately $320,000 coming from her book “The Truths We Hold.” They earned approximately $157,000 from Kamala’s Senate pay.
According to a financial disclosure form filed by Kamala Harris in 2019, her family owns assets valued between $2.5 and $6 million and approximately $3 million in liabilities, the majority of which are mortgages. The majority of their liquid assets are invested in mutual funds and 401(k) plans.
Education
Kamala graduated from Howard University in 1986 after attending Westmount High School in Westmount, Quebec, Canada. She graduated from the University of California Hastings College of the Law in 1989.
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From Her Books
Harris has received hundreds of thousands of dollars in book advances as a three-time author. Harris wrote Smart on Crime: A Career Prosecutor’s Plan to Make Us Safer in 2009 and Superheroes Are Everywhere, a children’s picture book, in 2019. She published her memoir, The Truths We Hold An American Journey, the same year. She made $320,125 from authoring the memoir, according to her 2018 tax forms.
We can anticipate seeing even more of Harris’s writing in the coming years. Not only did she earn $277,763 from book advances in 2019, but she’s also expected to be called for future memoirs reflecting on her historic tenure as Vice President.
Residential Real Estate
Kamala and Doug own a small number of residences with an estimated aggregate value of $8-10 million, before mortgage obligations. Doug Emhoff paid $2.7 million for a property in the Brentwood region of Los Angeles in 2012, two years before they married. Today, based on comparable area sales, this home is valued at approximately $5 million.
In 2004, Kamala paid $490,000 for a San Francisco apartment. That same year, she was appointed the first black District Attorney in California. She sold this apartment for $860,000 in March 2021.
Kamala and Doug purchased a condo in Washington D.C. for $1.775 million in 2017, the year she was elected to the Senate. They put his condo for sale for $1.995 million in April 2021. They sold it for $1.85 million in September 2021.
Joint Investments With Her Husband, Douglas Emhoff
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How Did Kamala Harris Build Her Net Worth?
Harris served as San Francisco’s 27th District Attorney from January 2004 to January 2011. With her approach to drug offenders, she formed a strong position in the office. From January 2011 to January 2017, she served as the 32nd Attorney General of California before announcing her desire to run for President in the 2020 presidential election.
Kamala Harris served as the deputy district attorney of Alameda County, California, from 1990 until 1998. Kamala disclosed her net worth as $3.31 million in a 2015 Congressional financial statement. Her net worth is largely derived from her husband’s profits as a partner at the “DLA Piper Law Firm,” which has offices in California and Washington, D.C.
While campaigning for the Democratic Party candidacy in 2019, Kamala Harris released 15 years of tax returns. According to the study, the majority of Harris and her husband’s money came from their activities in 2018, when they earned $1.9 million. $1.4 million of that $1.9 million was derived from her husband’s salary.
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During that period, the couple paid $697,000 in taxes and donated $27,000 to charity. Kamala received about $320,000 from the sale of her book, “The Truths We Hold.” According to 2019 financial disclosures, Kamala controls between $2.5 and $6 million in assets, while the couple owes roughly $3 million in debt, largely on mortgages.
The couple’s liquid assets are concentrated in retirement accounts and mutual funds. The couple owns a sizable real estate portfolio, valued at between $8 million and $10 million before mortgage debt.
Doug put $2.7 million on their Brentwood, California, house two years before they tied the married. The house is currently valued at around $5 million.