Tim Walz has amassed a hefty net worth as a politician, teacher, and military personnel.
An American politician, Walz has been serving as the 41st governor of Minnesota since 2019.
Highlights
- Governor Tim Walz is a possible vice president pick for Kamala Harris.
- He owns a 1979 International Harvester Scout that costs around $36,900.
- Walz was awarded the “Golden Turkey” award by the Foundation for Minnesota’s Future.
A member of the Minnesota Democratic-Farmer-Labor Party, Tim Walz is a potential Vice President pick for Kamala Harris.
Although the Democratic vice president selection process is still in its primary phase, Tim said he had recently spoken with Vice President Kamala.
Recently, in an interview on Fox News, Tim was asked if Kamala’s team was vetting him. He said,
“Look, I spoke with the Vice President. I’m not going to get into exactly what we spoke about, but we have the same values. We believe we can win in the Midwest.”
Tim Walz Has A Impressive Salary And Net Worth Of Millions
As of 2024, Governor of Minnesota Tim Walz has an estimated net worth of around $2 million.
According to the Minnesota Legislative Reference Library, while the official salary has been increased, the amount Governor Tim Walz receives will not change and will remain at $127,629.
Walz has reported $208,592 in income in 2016, of which he paid $32,670 in federal taxes and $11,928 in Minnesota taxes.
The same year, Tim Walz reported $149,690 in wages from the House of Representatives.
According to a letter from the House’s Office of Member’s Services to Walz on October 31, 2017, those increases were deducted from his pay.
Before starting a job in Congress, Walz, a teacher, reported $77,045 in income and paid $5,009 in federal income taxes and $3693 in state taxes.
The salary of military personnel in the United States is around $120k—$220k per year.
So, Tim might have earned an income between these ranges during his tenure in the military.
In addition, Tim Walz is a car enthusiast and owns a 1979 International Harvester Scout worth around $36,900.
Insights On Governor Tim Walz’s Career And Achievements
Born in a small town in rural Nebraska, Tim Walz decided to run for Congress in 2006, but he had no opponent for the DFL nomination in the primary election.
Later, he beat incumbent Republican Gil Gutknecht in the general election on November 7 and took office on January 3, 2007.
Walz was reelected in 2008 with 62% of the vote, becoming the second non-Republican to win a second full term in the district.
He served on the House Agriculture Committee, Committee on Veteran Affairs, and the Armed Services Committee.
In 2018, Walz announced that he would run for governor after Mark Dayton, the incumbent Democratic governor, chose not to seek a third term.
Walz sought reelection in 2022 and won the August 9 Democratic primary and faced Republican nominee Scott Jensen in the general election.
Despite politics, he was a public school teacher for over 20 years. He opposes using merit pay for teachers and is on record supporting legislation to lower tuition fees.
Regarding his achievements, the Foundation for Minnesota’s Future awarded him the first-ever “Golden Turkey” award.
Additional Information
- Governor Tim Walz was born to his father, James F. Walz, and his mother, Darlene R. Walz.
- He married Gwen Walz in 1994. They lived in Mankato, Minnesota, for about 20 years before moving to Saint Paul.
- His brother Craig Walz passed away after being hit by a falling tree during a storm in 2016.
