Kamala Harris will not be in for a lot of a shock in the case of pay if she will get elected come this November. That’s as a result of the presidential wage has stayed the identical since earlier than the twenty first century—final altering in 1999, below the Clinton administration.
Even when it’s no shock, Harris’ potential promotion would include a considerable pay elevate. As vice chairman of america, Harris makes $235,100 yearly. The president, in the meantime, will get paid $400,000 yearly. Which means Harris could possibly be poised to make virtually double as president in comparison with her run because the veep.
Because it stands, Harris is value round $8 million (alongside her husband Doug Emhoff), based on estimations from Forbes. However most of her wealth isn’t from her decades-long stint in politics; reasonably, it comes from her L.A. actual property, guide royalties, and easily having joint belongings with Emhoff, who’s an leisure lawyer, per the outlet.
Even for those who get placed on the greenback, working for workplace doesn’t actually imply you’ll be raking within the dough. Although, to be honest, the true cash comes after a president’s administration, after they tote themselves round to guide deal conferences or commencement speeches.
And the true luxurious additionally lies inside a waning profit for People: a pension. Harris herself has two pensions to her identify from her time in politics, value just below $1 million, per Forbes. Presidents, too, are entitled to a pension, at the moment value $246,424 yearly, which might increase Harris’ value as effectively.
Since 1789, the president’s wage has been adjusted 5 instances. At first, their wage was listed at $25,000, which by trendy requirements is value about $895,700 immediately, based on an inflation calculator. The supposed intent for a wage to verify presidents would stray from corruption. “You come in, you have all these rich holdings, but if for some unforeseen reason a storm wipes out all your crops and now you’re broke and in debt, you would at least have money to live on,” historian Douglas Brinkley advised the Wall Road Journal in 2017 of the impetus behind paying the already rich Washington.
