this post was submitted on 26 Oct 2024
-9 points (26.3% liked)

Economy

432 readers
98 users here now

Lemmy Community for economy, business, politics, stocks, bonds, product releases, IPOs, advice, news, investment, videos, predictions, government, money, politics, debate, current trends and more.

founded 1 year ago
MODERATORS
top 4 comments
sorted by: hot top controversial new old
[–] [email protected] 7 points 2 weeks ago (1 children)

The funny thing is how quickly "millionaire" has become a meaningless term.

iirc in the 1989 Batman movie Bruce Wayne is still described as a 'millionaire.' By 2004 he was a 'billionaire.'

At this point, anyone with a house could come up with $1 million.

[–] [email protected] 5 points 2 weeks ago (1 children)

Also she’s from the Bay Area, every house starts at a million. So just owning a home in the area she lived and worked in would make her a millionaire by default. It’s such a bad metric.

[–] [email protected] 3 points 2 weeks ago

I think it was Isaac Asimov who wrote that we use 'astronomical' to describe vast amounts, but that eventually we'd replace 'astronomical' with 'financial'

[–] verdantbanana 1 points 2 weeks ago

The bulk of her worth isn’t really from her time in politics though. Making $235,100 annually as Vice President, Harris didn’t make much more as a district attorney in San Francisco and actually raked in less as an attorney general of the state. As a senator, she made $174,000 annually. Harris’ time as an author has bolstered her wealth. She’s earned more than $500,000 in royalties from books she wrote.

The real secret to her worth lies within L.A. property. Emhoff and Harris’ house, which was bought in 2012, has since ballooned in value from $1 million to $4.4 million as of 2021, per Forbes. Sharing assets doesn’t hurt either, as Emhoff made more than a million dollars annually as an entertainment lawyer back in 2019, adds the outlet.

Harris and Emholff hold between $2.9 million and $6.6 million in investments, cash, and retirement funds, according to 2024 forms filed in May —per Barron’s. Due to her career in public office, Harris is able to rake in a waning benefit for her generation: pensions. She has two pensions worth slightly under $1 million, according to Forbes.

no matter how it is spun Harris and Trump would never be able to relate to the struggles facing most of the US and their policies will mirror that