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Kamala Harris’s Net Worth: 5 Fast Facts You Need to Know

Kamala Harris’s Net Worth: 5 Fast Facts You Need to Know
 

Kamala Harris

  • Net Worth: $319,000
  • Birthday: October 20, 1964
  • Education: Howard University, University of California Hastings

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Sen. Kamala Harris, (D-CA), (Photo by Mark Wilson/Getty Pictures )

Kamala Harris, the junior United States Senator from California and former District Attorney frequently compared to a young Barack Obama, is worth $391,000 minimal, according to that the LA Times.  She and her husband allegedly paid $450,000 in federal and state income taxation in 2015.

Kamala Harris Net Worth of $319,000

Her current salary is determined by the authorities, and about $24,000 over she made in her previous role as Attorney General of California. She and her husband reside in a $1 million home in Brentwood, California, and had $2.1 million minimum in funds and $1.7 minimal in obligations in 2016, according to that the LA Times.

Harris faced criticism for excessive spending during her Senate campaign, but won election with a high proportion of the vote. Now, eyes are on her as a possible Democratic candidate for president 2020. She’s not confirmed whether or not she will run, but she’s been actively raising money for other Democrats leading up to that the 2018 midterm elections. Up to now, she’s earned $3 million for candidates, according to her employees.

As a senator, Harris is known for debating Republican colleagues on immigration, standing up for women’s rights, and fighting for the middle class.

Here is what you need to understand:-LRB-********************)

1. She Produced Around $150,000 In Her Position as Attorney General

Harris was born 1964 to an Indian mother and a Jamaican father who emigrated to that the United States in the first 1960s. She grew up in Berkeley, California, and in Montreal, Quebec, Canada. After high school, she attended Howard University in Washington, D.C., then University of California Hastings College of the Law, where she obtained her J.D.. She had been admitted to that the California State Bar at 1990 after failing the bar exam the first time. She told New York Times Magazine that the evaluation wasn’t “a measure of your capacity.” She began her career working in the San Francisco District Attorney’s Office and City Attorney’s Office, and was elected District Attorney of San Francisco from 2004 to 2011. In her time in the position, the total felony conviction rate climbed from 52 percentage to 67 percent, the highest in a decade, and there was an 85 percent conviction rate for homicides.

In 2010, she was elected Attorney General of California, and was the nation’s first black and first Asian American in the position. In addition to that, she was the first Tamil attorney general in U.S. history. Dianne Feinstein and Barbara Boxer, California’s senators at the moment, both supported her during the Democratic primary. She was reelected in 2014.

While serving as attorney general, Harris made $158,775 annually.  Based to a 2015 Senate financial disclosure form, she saved between $411,000 and $1 million in savings, retirement accounts, and mutual funds in 2014. According to that the LA Times, she had $2.1 million minimum in funds and $1.7 minimal in obligations in 2016. Assets included $250,000 in savings, while obligations included a $1 million mortgage.

2. Her Senate Campaign Spent Lavishly, but She Won Using a High Percentage of the Vote

California Democratic Senator Barbara Boxer announced she was retiring at the end of her sentence in 2016, and Harris was the first candidate to announce her intention to run for the open seat. She announced her campaign on January 13, 2015.

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She allegedly raised $2. 5 million for her campaign by April, according to that the Sacramento Bee, and $6 million by September 30.   There was some scrutiny over how she spent her funds. From September 30, she’d spent $3.3 million on airfare, luxury lodging, and resorts. 1 aide told The Hill, “She treats the campaign like a personal checking account to fund a lifestyle she aspires to.” Still another said, “Kamala demands a life of luxury.” The Atlantic reported that one resort stay at the St. Regis in Washington, D.C. price $1,886. This was a recurring theme, which frustrated Democrats. 1 national Democratic strategist said, “Harris’s frivolous spending on airfare, luxury cars, and hotels is highly unusual for a Senate candidate that has a relatively competitive race.”

She reportedly spent $3,900 on luxury car transportation in Martha’s Vineyard, and tens of thousands more on airfare.

However, she headed in polls throughout the principal campaign, and won her party’s endorsement with 78 percentage of the vote. Governor Jerry Brown endorsed her in May 2016, and then-President Obama and Vice President Joe Biden supported her in July. She won 48 from 58 counties in the first, and confronted Loretta Sanchez from the general election, which she won 62 percentage of the vote. She is California’s third female United States Senator.

Part of her stage was protecting immigrants from new policies supported by Donald Trump. Since Trump’s election, Harris has spoken out against him on several occasions, calling his immigration constraints a “Muslim ban,” his views “dark,” and stating that repealing the Affordable Care Act would make healthcare a “privilege” as it ought to be a “right.” In 2018, she was part of what Politico known as the “Hell-No” caucus, a group of five liberals staunchly against Donald Trump’s policies.

In her present position as a senator, Harris makes $174,000 annually, a salary set by Congress. In Article I, Section 6 of the United States Constitution, Congress is required to set its own cover. The last time that the salary was raised was in January 2009, when Congress increased their wages by 2.8percent to $174,000.

3. A Substantial Part of Her Wealth Comes From Her Husband

Harris is married to Douglas Emhoff, a California lawyer at partner at Venable LLP. They were wed in Santa Barbara, California on August 22, 2014. Emhoff is responsible for the Los Angeles branch of Venable, although his specific salary isn’t known, but it’s somewhere between $100,000 and $1 million, based to that the LA Times.  Together, he and Harris earned $1. 17 million in 2015.

Formerly, he was associate at his own company, Whitwell Jacoby Emhoff LLP. Prior to he worked at some other law firms. His salary from such companies is unknown, as is the amount he is made from investments.

Before Harris announced her bid for the U.S. Senate, Emhoff sold off a substantial number of assets. He offered a financial stake in parking lot investment firm Citizens Lanier Investors for between $10,000 and $100,000. He also sold retirement stocks worth between $66,000 and $330,000. These stocks comprised investments in American Water, Comcast, Wells Fargo, Walt Disney Co., Nike, Hess Corp.. Valero Energy, Monsanto, and Citicorp. Proceeds from the sales were put to an IRA mutual fund.

4. She Lives In a Big House in California, and Donated Over $32,000 to Charity In 2015

Harris lived in a condominium in San Francisco that she bought in 1998 for the majority of her career, but when she and Emhoff married they moved into a house in Brentwood. It’s a 3500 square foot house with three bedrooms and a pool. It was allegedly purchased by Emhoff for $2.7 million in 2012.

She and her husband donated $32,947 to charity in 2015, according to that the Sacramento Bee. That included $10,000 to UNICEF, $1250 to University of Southern California (where Emhoff obtained his law degree), $1000 to College Track, adn $100 to CASA of Los Angeles, among other contributions.

Though the majority of their income comes from their wages and investments, they can find another stream of income if Harris sells a book she has been shopping around. She has approached publishers about a book to be titled “Speaking Truth: Hard Facts and Hope for America’s Future.” A book tour could help her improve support for a 2020 presidential run. She’s one book already, called “Smart on Crime.” Her earnings from this book, printed in 2009, aren’t known.

5. She Fights For Liberal Causes and Saving Money for the Working Class

Harris has put himself as a portion of the far left resistance to President Trump, and has pledged to protect immigrants and the middle class. Throughout the housing crisis, while she was still Attorney General of California, she brokered a deal with Bank of America, JPMorgan Chase, CitiFinancial, GMAC/Ally Financial, and Wells Fargo, that gave California homeowners $18.4 billion in mortgage aid. She’s also been vocally against for-profit schools and supportive of increasing the minimum wage.

She has been outspoken on immigration issues, particularly when it comes to DACA.  “California is home to more Dreamers than any other state, and these 220,000 young people represent the very best of who we are as a nation. They attend our colleges, are entrepreneurs and work in our businesses, and serve in our military. From my first day in office, I have fought to ensure that these Dreamers have the security they need to live up to their full potential,” she said in a statement.

Harris has also spoken about helping women gain equal pay employed. “Across the country, women still make just 80 cents for every dollar their male coworkers make. A 20-year-old woman today would lose $418,800 in wages over her career compared with a male counterpart. That means a woman would have to work until she was 70 to earn as much as a male colleague made by age 60. If current trends continue, women can expect to finally earn the same as their male colleagues — by 2152,” she wrote in an op-ed for Teen Vogue.

She laid out a strategy for closing the gap, which included enabling women to ask for more money, encouraging employers to step up and increase salaries for girls, and passing legislation which needs fair pay and family friendly workplaces.  She also said that the gap is even wider for women of colour, something she desires to change.

 

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