Donald Trump vs Kamala Harris's net worth: Who is richer? check here

As the 2024 US presidential election approaches, one key point of interest is the net worth of the two major candidates: Former President Donald Trump and current Vice President Kamala Harris. With the election set for November 5, 2024, many are curious about who is wealthier. Let's take a closer look at their financial situations and see how they compare.

Donald Trump's Net Worth

Even before getting into politics, Donald Trump had already built a significant fortune from a multimillion-dollar inheritance. Over time, his wealth has increased greatly thanks to his political activities.

Forbes reports that Trump, the former US President and current Republican candidate, is the 382nd richest person globally, with a net worth of $7.5 billion. Much of his wealth comes from his micro-blogging site, Truth Social.

As of May 2024, Trump’s net worth includes:

• Trump Media and Technology Group: $5.6 billion
• Real Estate Holdings: $1.1 billion
• Golf Clubs and Resorts: $810 million
• Cash and Other Assets: $510 million
• Legal Liabilities: -$540 million

Donald Trump, the 78-year-old Republican candidate, has experienced major changes in his wealth recently. His social media company, Trump Media & Technology Group, has faced serious financial trouble, affecting his overall net worth.

Recent Financial Decline

Trump Media & Technology Group (DJT) has seen a dramatic drop in value. Shares of this company fell to their lowest point since the spring merger that made Truth Social public. According to CNN, Trump's large holding of 114.75 million shares was worth $6.2 billion on May 9. However, its value has now fallen to around $2.1 billion, a significant decrease that has removed Trump from the Bloomberg Billionaires Index, which lists the world's top 500 richest people.?

Kamala Harris's Net Worth

Kamala Harris, the 58-year-old Democratic Vice President, is also a significant figure in this election. Her financial status is a result of her successful political career and her husband’s legal career.

Income and Assets

Kamala Harris earns an annual salary of $218,000 as Vice President. She lives in a large California home, purchased by her husband Doug Emhoff in 2012 for $1 million, which is now worth about $4.4 million. Harris has also received $500,000 from book advances.

Career and Savings

As reported in TOI, Kamala Harris started her legal career in 1989 at the Alameda County district attorney’s office after earning her J.D. from U.C. Hastings. She became San Francisco’s District Attorney in 2004, with an annual salary of $140,000, which increased to over $200,000 by 2010. In 2010, she was elected Attorney General of California and earned $159,000 per year. In 2017, she became a US Senator, with a salary of $174,000 a year.

• Savings Account: Between $250,000 and $500,000
• Retirement Accounts: About $500,000
• Pensions: Around $1 million

In 2019, Kamala Harris and her husband, Doug Emhoff, had a combined net worth of $6 million, according to Forbes. By 2024, their net worth had increased to $8 million. Forbes' review of their finances revealed that the couple owned three homes—one each in San Francisco, Los Angeles, and Washington D.C.—with a total value of $5.8 million before considering any debt in 2019.

Comparing Donald Trump and Kamala Harris in terms of wealth shows that Trump’s financial situation has faced more significant drops recently, while Harris’s net worth has remained more stable and steadily increasing. While Trump’s wealth has been affected by his business troubles, Harris’s financial position is supported by her political career and her husband’s success.