VICE President Kamala Harris achieved millionaire status despite working as a public servant – and it’s thanks to a massive investment portfolio and property she owns with her husband, Doug Emhoff.
The couple’s net worth is estimated to be about $8 million and they own property in California with some high-profile neighbors.
Emhoff, 59, initially took out a $2.7 million loan for a Brentwood, California, estate in 2012.
He transferred the four-bedroom, five-bathroom home with a private pool into a joint trust after marrying Harris in 2014, according to The Wall Street Journal.
The 3,500-square-foot Brentwood house is located 10 minutes from the highly popular Getty Center Museum, as well as the Will Rogers State Historic Park.
According to the unit’s Zillow profile, the single-family home was built in 1948.
Much of the residence’s information has been kept tightly under wraps as the vice president is understood to still own the place despite living in Washington, DC as part of her duties as vice president.
Harris and Emhoff are not the only big names to call Brentwood home.
The second family is reportedly neighbors with high-profile celebrities such as Gwyneth Paltrow, Gisele Bündchen, Dr. Dre, and LeBron James.
Former president Richard Nixon had property in Brentwood before being elected to the presidency.
While working in DC, Harris and her husband reside at the Naval Observatory, which is the official residence of the vice president and their family.
She and her husband are understood to have owned several other properties, including a $1.775 million two-bedroom condo in Washington DC and a condo in San Francisco, which cost Harris half a million dollars in 2004.
Harris sold her DC condo in 2021 for a whopping $1.85 million, per Architectural Digest.
In 2021, the one-bedroom apartment Harris maintained in San Fransico was put on the market and sold ten days later for almost $800,000, Daily Mail reported.
Most of Harris’ wealth came after she married Emhoff, according to documents that were disclosed by Harris during her run for president in 2020.
Her net worth significantly increased when she and Emhoff, who was an entertainment lawyer at the time, combined assets.
Prior to that, most of the money Harris made came from being the San Francisco district attorney and later, California’s attorney general.
Kamala Harris’ potential running mates
Kamala Harris accepted Joe Biden’s endorsed for the Democratic presidential nomination after the president ended his reelection bid on July 21
Harris said she plans to earn and win the Democratic nomination while uniting the party.
Who are Kamala Harris’ potential running mates?
- Pete Buttigieg: US Secretary of Transportation Buttigieg ran for president during the 2020 Democratic presidential primary, competing against both Kamala Harris and Joe Biden.
- He was widely regarded as a breakout star, becoming the first openly gay candidate to win a presidential primary or caucus when he narrowly won the Iowa caucus during the 2020 primaries.
- Buttigieg was one of the first Democrats to formally endorse Kamala Harris after President Biden.
- In his statement, Buttigieg said Harris was “the right person to take up the torch, defeat Donald Trump, and succeed Joe Biden as President.”
- Andy Beshear: Governor Beshear has created a successful career in the heavily Republican state of Kentucky.
- The 46-year-old two-term governor fully endorsed Harris for president and said he would consider being her running mate.
- Roy Cooper: Democrats have praised North Carolina Governor Cooper for his history of defeating Republicans in the battleground state that voted for Donald Trump as president in 2016 and 2020.
- Cooper has fully endorsed Harris as the next president.
- The governor has previously stated that he and Harris, who both served as attorney generals of their states, have a really good relationship.
- Gretchen Whitmer: Michigan Governor Whitmer has been viewed as a rising star in the Democratic Party.
- In 2020, the two-term governor caught the eye of Joe Biden as a possible running mate before he ultimately selected Harris.
- Whitmer joined the growing list of Democrats who have backed Harris for president.
- A Harris-Whitmer campaign would be the first-all woman ticket for a US political party.
- Gavin Newsom: Prominent California Governor Newsom’s name has long been linked to a potential presidential candidate in the upcoming election.
- Newsom has already backed Harris for president, saying, “No one is better to prosecute the case against Donald Trump’s dark vision.”
- But there may be a problem if Harris and Newsom are on the same ticket.
- Both Newsom and Harris hail from California, and under the 12th Amendment of the Constitution, both members of a presidential ticket shall “not be an inhabitant of the same state.”
- If Harris were to pick Newsom as her running mate, they would forfeit all of California’s 54 Electoral College votes.
Finance documents stated Emhoff made $1 million per year and held stock in various companies such as Home Depot, St. Jude Medical, Comcast, and American Express, reports ABC News.
Shortly after Harris announced her decision to run for the Senate in 2015, Emhoff decided to relinquish much of the stock he owned.
Harris saw another significant bump in assets via a $300,000 advance payment for her memoir, The Truths We Hold.
In 2018, Harris and Emhoff reported a gross joint income of $1,889,156, per a tax return.
Before Harris took over as vice president, Emhoff, announced he would be leaving his law firm and took up a job at Georgetown University’s law school, where he reportedly makes $200,000.
In 2021, Forbes estimated Harris and her husband are worth $8 million.
Harris might be getting another prestigious address after President Joe Biden dropped his bid for reelection and threw his support behind her to become the new Democratic presidential nominee.
Biden, 81, dropped out of the race on Sunday after many high-ranking officials implored him to step aside.
In a statement on X, the president said that it is “in the best interest of my party and the country for me to stand down.”
A few moments later, Biden threw his support behind Harris.
“My fellow Democrats, I have decided not to accept the nomination and to focus all my energies on my duties as President for the remainder of my term,” he said.
“My very first decision as the party nominee in 2020 was to pick Kamala Harris as my Vice President. And it’s been the best decision I’ve made.
“Today I want to offer my full support and endorsement for Kamala to be the nominee of our party this year.
“Democrats – it’s time to come together and beat Trump. Let’s do this.”
In response, Harris thanked Biden and said she intends “to earn and win this nomination.”
“I will do everything in my power to unite the Democratic Party and unite our nation to defeat Donald Trump,” she added.
In the days since Biden dropped out of the race, Harris has raised over $100 million for her campaign.
Timeline of Biden’s failed re-election bid
President Joe Biden endured weeks of calls to step aside before he announced on July 21 that he was dropping out of the 2024 presidential race. Here are key developments leading up to his decision.
June 27: Biden’s disastrous debate performance against Donald Trump sparks calls for him to step aside. His voice is raspy and he trails off several times after having already endured questions about his age and mental capacity following a series of blunders at public events.
July 2: Polls after the debate indicate that Trump is pulling ahead. Rep. Lloyd Doggett is the first Democratic congressman to publicly urge Biden to drop his bid for re-election and big Democratic donors issue the same call a day later.
July 5: Biden does a live TV interview with George Stephanopoulos where he tries to quell fears about his age and debate performance. He calls it a “bad night” and says he was under the weather and “exhausted.”
July 10: Senator Peter Welch becomes the first senator to call for Biden to drop out.
July 11: Biden refers to Ukrainian President Zelensky as President Putin at a NATO event.
July 13: Trump is shot at a campaign rally by a wannabe assassin. His popularity and favorability rating soar after he was seen bloodied on stage but walked off with a fist in the air, telling the crowd to “fight!”
July 17: Rep Adam Schiff and a series of other Democrats call for Biden to step aside and even former President Barack Obama tells allies that Biden’s path to victory has “greatly diminished.” Biden tests positive for Covid-19 hours later, after saying he would consider ending his bid if he were diagnosed with “some medical issue.”
July 19: Biden insists he will continue campaigning in his first statement since Obama’s U-turn – despite reports that he would decide to drop out by the weekend.
July 21: Just before 2 pm, Biden announces he is stepping aside in the 2024 election and endorses VP Kamala Harris.
