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Following an endorsement from Joe Biden and strong backing from her party delegates, Kamala Harris looks set to be the official presidential nominee for the Democratic Party. With that, everyone is now interested in her net worth and investment portfolio. Since the list of Kamala Harris's income sources and retirement accounts is long, our focus here will remain on her investments in stocks, real estate, and index funds.
Kamala Harris's wealth began to rise significantly following her marriage in 2014 to Douglas Emhoff, a high-profile lawyer who worked for notable law firms like Venable and DLA Piper, earning as much as $1.2 million in salary.
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According to Forbes estimates, Kamala Harris's net worth is roughly $8 million, mainly due to real estate properties she owns (more on that later). A Wall Street Journal analysis shows Kamala Harris and her husband are heavily invested in retirement accounts, with collective funds in the range of $1.79 million and $4.4 million. About half of the couple's portfolio is in stocks (mostly index funds), and the rest is in bonds and cash.
Stocks
Public records and media reports show that Kamala Harris and Doug Emhoff's latest stock portfolio mostly includes ETFs and mutual funds instead of individual stocks. Emhoff reportedly started selling stocks when Kamala Harris announced her candidacy for the Senate in 2015 and by 2018, his portfolio had almost no stocks.
But it'd be interesting to see what stocks were part of Emhoff's portfolio in the past. Here are some of the key names according to publicly available data:
CVS Health
Kamala Harris's husband Doug Emhoff's portfolio once featured the retail pharmacy chain CVS Health (NYSE:CVS). Over the past five years, the stock has risen about 6%.
Oracle
Database technology company Oracle Corp (NYSE:ORCL) is a notable tech stock once part of Kamala Harris's spouse's portfolio. Over the past five years, Oracle has returned about 135%.
Home Depot
Home improvement tools and products company Home Depot Inc (NYSE:HD) was part of Doug Emhoff's stock portfolio in the past. Over the past five years, the stock has gained about 62%.
St. Jude Medical
St. Jude Medical was a medical device company that went public in 1977. It was acquired by Abbot Labs back in 2017 for $25 billion.
American Express
Payments giant American Express Company (NYSE:AXP) has previously been a part of Kamala Harris's husband's stock holdings. The stock has gained about 90% over the past five years.
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Index Funds in Kamala Harris's Portfolio
Public records and media reports show that Kamala Harris and her husband are heavily invested in retirement funds, ETFs, and mutual funds.
Kamala Harris's notable investments include Vanguard Target Retirement 2030 Trust II, worth between $250,001 and $500,000, and SFDCP Large Cap Growth Equity and SFDCP Large Cap Eq S&P 500 Ind, each worth $100,001 and $250,000.
Emhoff's retirement accounts are heavily invested in exchange-traded funds from Vanguard, BlackRock, and Charles Schwab. Some of the funds in Emhoff's portfolio, according to documents filed by Harris in 2021, included:
Vanguard Small Cap Value Index (VBR)
iShares Core MSCI EAFE ETF
Vanguard Small Cap Growth Index (VBK)
iShares Broad USD Investment Grade Corporate Bond ETF
Vanguard Growth Index ETF (VUG)
Vanguard Information Technology Index Fund ETF (VGT)
Vanguard Consumer Staples Index Fund ETF (VDC)
Vanguard Industrials Index Fund ETF (VIS)
Real Estate Assets
Kamala Harris and her husband Doug Emhoff's net worth has increased significantly over the past few years mainly due to their California house, which Emhoff bought in 2012, almost two years before their marriage. The house, located in the posh Brentwood neighborhood of LA, California, was transferred to joint ownership of the couple. Forbes estimates that the house's value has jumped from $1 million in 2021 to $4.4 million by 2024.
Kamala Harris bought a 1,069-square-foot apartment in San Francisco for $489,000 in 2004, when she became California's first Black district attorney. Harris sold the apartment for about $799,000 in 2021 after becoming vice president. She also sold her Washington, D.C., condo for $1.85 million, which she and her husband bought for $1.775 million in October 2017.
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This article Kamala Harris's Investment Portfolio: Stocks, Index Funds and Real Estate Assets originally appeared on Benzinga.com