While politicians such as Reps. Nancy Pelosi (D-CA), Mark Green (R-TN), and dozens of others rake in high gains from stock investments, Vice President Kamala Harris’s running mate, Gov. Tim Walz (D-MN), doesn’t own a single stock.

The midwesterner doesn’t have investments in mutual funds, bonds, or private equities, and neither does his wife, Gwen, according to financial disclosures. 

He doesn’t own any real estate. After being elected governor, Walz sold his home in Mankato, Minnesota, for below the asking price.

Walz’s only investments are in teacher and state pensions.

This is uncommon for a high-profile politician, as many elected officials have turned to investing in the stock market, book deals, and other avenues to accumulate their wealth. A report from 10 years ago revealed that half of the members of Congress were millionaires.

In 2023, many members of Congress saw extremely high gains being made at unusually timed trades, leading some to question how they are able to make such informed choices — hinting at the possibility of insider trading.

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During his time in Congress, Walz was a strong advocate for implementing unfair trading advantages that Congress members may have. He introduced the STOCK Act, later signed by then-President Barack Obama in 2012, which deterred members and federal employees from using private information to benefit themselves financially.

Despite efforts by the Trump-Vance campaign to characterize Walz as a wealthy, out-of-touch, elitist leftist, Walz’s background as a teacher whose only investments come from state pensions makes him out to be far more relatable than multimillionaire Harris.