Current Governor of Minnesota and former vice presidential candidate Tim Walz appears to be a very humble man. Known for his midwestern charm and dad-coded quips, Walz has given the appearance of a down-home, tender yet firm husband and father. Harnessing this folksy charm at a rally in Philadelphia on August 6, Walz told the crowd “[Donald Trump] never sat at that kitchen table like the one I grew up at, wondering how we were going to pay the bills.”
Tim Walz has definitely survived some tragic moments, but since he is still a politician, one can’t help but wonder how authentic this presentation of himself actually is. Walz and his wife Gwen Walz sold their family home to move into the luxurious Governor’s Mansion in Minnesota — where all sitting Minnesota governors reside. Bringing with them their two children and adorable dog, Scout, the Walzes seem to be enjoying the lavish life provided by the taxpayers of Minnesota. But how much is Tim Walz really worth?
Tim Walz has a net worth of about a million dollars
Listen, a million dollars might sound like a lot, but considering that this is politics, Tim Walz having a net worth just over $1 million is actually fairly modest. In fact, it made him the least wealthy politician in the 2024 presidential race, according to Time. Even though Tim Walz and wife Gwen Walz currently live in the gorgeous Governor’s Mansion, when they sold their home to move in, they sold all the property they had. Meaning, Tim Walz owns no real estate — a rarity for politicians.
In another surprise finding, Walz also doesn’t have any stocks or bonds. Instead of investments, Walz relies on his pensions and government salary to provide for himself and his family. The governor’s salary is about $127,000, and he even declined to give himself a raise while holding office. Using the most recent tax returns, the Wall Street Journal found that about $135,000 of his yearly income is from pensions related to his time teaching and serving in the military. Although, he did have to dip into those funds to pay for his daughter, Hope, to go to college (and recent graduate Hope now works at a homeless shelter). It seems Tim Walz really does walk the walk, and he and his family are incredibly rich in love and support.
