Gov. Tim Walz, Harris' running mate, has no stocks, bonds, or real estate, according to disclosure.

• According to his most recent financial disclosure, Minnesota Gov. Tim Walz, the Democratic running mate of Vice President Kamala Harris, does not own any stocks, bonds, or real estate.
• In contrast to the billionaire Republican presidential nominee Donald Trump and his running mate, Sen. JD Vance of Ohio, Walz has a modest financial profile.
• On Tuesday, Harris announced Walz as her running mate for the 2024 election, weeks after Biden dropped out of the race.

According to his most recent financial disclosure, Minnesota Gov. Tim Walz, the Democratic running mate of Vice President Kamala Harris, does not own any stocks, bonds, or real estate.

As governor of Minnesota, Walz earns $127,629. Despite being eligible for a raise to $149,550 last year, he opted not to accept it, according to the state.

If Walz is elected vice president in November, he would earn an annual salary of $284,600, according to the 2024 rates.

In 2019, after being elected governor, Walz and his wife sold their Mankato, Minnesota, home, which they had bought in 1997 for $145,000, and listed it for $315,000.

In contrast to the billionaire Republican presidential nominee Donald Trump and his running mate, Sen. JD Vance of Ohio, Walz has a modest financial profile.

Forbes estimates Vance's net worth to be between $3 million and $10 million based on publicly reported investments and cash.

The Democratic presidential nominee, Harris, revealed that her securities investments and personal cash holdings fall within the range of $800,000 to $1.75 million and $550,000 to $1.1 million, respectively. Federal disclosure reports require filers to disclose amounts within ranges rather than specific sums.

Doug Emhoff, her husband, has investments worth at least $1 million and at least $250,000 in cash. Together, they own a $5 million home in Brentwood, California.

As governor, Walz did not reveal the worth of any money stored in bank accounts in his financial disclosure.

The Harris-Walz campaign spokesman did not comment on Walz's financial disclosures, but noted that he will file a new report as a federal candidate in the next 30 days. Walz's gubernatorial press office did not respond to a request for comment from CNBC.

Walz's lack of stock ownership during his time in the House of Representatives aligns with his tenure there. He left the House in January 2019 to become governor of Minnesota.

In early 2009, Walz sold investments worth between $1,001 and $15,000 in two Roth individual retirement accounts, while he and his wife Gwen made similar sales in two Roth IRAs that she owned.

According to Walz's later House disclosures, those IRAs were not included.

One tax-deferred account that he mentioned was a 529 Education plan with a balance between $1,000 and $15,000, intended for the couple's children.

Walz's House disclosure account revealed that he and his wife, who was a school system administrator and teacher, had two Education Minnesota pension plans listed. Additionally, he listed two whole life insurance policies worth between $15,000 and $50,000 each.

Walz made regular payments into whole life insurance policies until at least 2013, but those payments eventually ceased.

In House disclosure filings, Walz stated that the rental room in their house was worth between $250,000 and $500,000 and that the couple earned rental income of between $2,500 and $5,000 from it.