During his service as Minnesota Governor, Tim Walz has been focused on public service. This has left an indelible mark on not only his working life but also his financial status. While addressing a rally in Philadelphia, Walz said he is actually from a working-class background and voiced his struggles with former President Donald Trump's life story while appealing to serve the community.

A veteran public school teacher and member of the Army National Guard, Walz has represented Minnesota in Congress since 2007, holding six terms. He's the state's governor since 2019. All that experience aside, his net worth is a more modest one-half million dollars or so, which puts him at or around the median wealth of Americans his age, a median of about $540,000. His financial assets come mostly from pensions, not investments or real estate.

"Unlike many Americans, Walz and his wife, Gwen, do not own stocks, bonds, or real estate," according to his financial disclosures. "The bulk of their wealth comes from pensions accrued through state, federal and military service." His pensions put him at nearly $1 million in total, according to records. Meanwhile, Vice President Kamala Harris boasts a net worth of $8 million, partly because of her husband's successful career as an entertainment lawyer.

The ticket from the Republicans is exactly opposite, comprises multi-millionaires from the private sector. Trump has a net worth of approximately $4.8 billion, partly through inheritance and investment, and JD Vance can boast of a net worth of around $10 million from the bestseller that he wrote and venture capital activities. Independent candidate, Robert F. Kennedy Jr. is said to have a reported net of $15 million, and his running mate, Nicole Shanahan is affiliated to Sergey Brin co-founder of Google.

Walz's resume reads like a blueprint for public service: farmer, National Guard member, teacher, and politician. He has sold his family home, taking less money to become governor. If he and Harris make it as a ticket, he may be buying a new place pretty soon. As vice president, Walz would receive a pay grade of $235,000, which would make him much more money than what he is getting with his current job. In addition, former vice presidents avail themselves of very lucrative deals in terms of paid speech-making engagements and book arrangements once they leave the seat-the difference would be quite substantial in making Walz financially comfortable.