Tim Walz, the 41st Governor of Minnesota and former U.S. Congressman, has built a career rooted in public service. His financial profile reflects a modest accumulation of wealth, primarily derived from his roles in education and government. As of 2025, Walz’s net worth and financial strategies offer insight into his personal wealth and investment approaches.
Tim Walz Snapshot
Section | Details |
---|---|
Name | Tim Walz (Timothy Peter Walz) |
Net Worth (2025 figure) | $600,000–$1 million |
Birth Date | April 6, 1964 |
Birth Place | West Point, New York, United States |
Age (in 2025) | 61 years |
Profession | Politician, Educator, Former U.S. Congressman, Governor of Minnesota |
Nationality | American |
Residence | State-provided residence (due to renovations at Governor’s Mansion) |
Marital Status | Married to Gwen Walz |
Kids | Two children |
Career Started | Early 1990s (as a teacher and coach); entered politics in 2006 |
Business | Public service, education |
Role | 41st Governor of Minnesota (since 2019); former U.S. Congressman |
Salary | ~$127,629 annually as Governor (declined raise in 2023) |
Sources | Salary, retirement accounts, savings, wife’s income |
Home | Sold personal home in 2019; resides in state-provided residence |
Fame | Known for his humble roots and commitment to public service |
Legacy | Advocate for education, healthcare, and fiscal responsibility |
Notable Achievements |
– Served as Governor of Minnesota since 2019 – Former U.S. Congressman (2007–2019) – Declined salary increase in 2023 to prioritize fiscal responsibility |
Assets |
– Minnesota State Retirement Plan: $100,001–$250,000 – Health Savings Account (HSA): $2,002–$30,000 – Wells Fargo account: $15,001–$50,000 |
Investments | No stocks, bonds, or real estate; focused on retirement and savings |
Early Life |
Born in West Point, NY; raised in Nebraska Career as a public school teacher and football coach Taught social studies, English, and American history/culture in China Known for modest earnings as an educator |
Personal Life |
Married to Gwen Walz (educator); two children Family reflects a commitment to community engagement and public service Sold family home in 2019; resides in state-provided residence |
Trivia |
– Avoids high-risk financial ventures – Known for salt-of-the-earth background and fiscal prudence – Focuses on long-term financial stability through conservative strategies |
Tim Walz Net Worth 2025
As of 2025, it’s estimated that Tim Walz net worth is around $600,000 to $1 million. This estimation aligns with previous reports, such as the 2024 assessment by ValueWalk, which placed his net worth within this range.
His financial standing is relatively modest compared to many of his political peers, reflecting his career in public service and conservative financial management.
How Tim Walz Makes Money
Walz’s Salary as Governor
In his role as Governor of Minnesota, Walz earns an annual salary of approximately $127,629. Notably, he declined a scheduled salary increase in 2023, choosing to maintain his current compensation level.
This decision underscores his commitment to fiscal responsibility and public perception.
Investments
Walz’s investment portfolio is notably conservative. He does not hold any stocks, bonds, or real estate properties. Instead, his assets are concentrated in retirement and savings accounts, reflecting a focus on long-term financial stability.
Tim Walz’s Assets
Minnesota State Retirement Plan
A significant portion of Walz’s assets is held in the Minnesota State Retirement Plan, with an estimated value between $100,001 and $250,000. This pension plan represents a substantial component of his net worth, providing financial security for his retirement.
Health Savings Plan
Walz maintains a Health Savings Account (HSA) valued between $2,002 and $30,000. This account is designed to cover medical expenses, offering tax advantages and contributing to his overall financial health.
Wells Fargo Account
Additionally, Walz holds a Wells Fargo account with a balance ranging from $15,001 to $50,000. This account is probably used for daily expenses and unexpected costs that come up in the short term.
Walz’s Salt-of-the-Earth Background
Walz’s financial profile is deeply influenced by his humble beginnings and career choices. Before entering politics, Tim Walz had a career as a public school teacher and football coach. He taught social studies, English, and American history and culture in China and later in Nebraska and Minnesota. He also coached football, earning a reputation as a dedicated and inspiring educator. These professions are indeed known for their modest salaries, but they clearly had a lasting impact on Walz’s life and career. His background instilled a sense of fiscal prudence, evident in his conservative investment strategy and avoidance of high-risk financial ventures.
Tim Walz’s financial profile reflects modest wealth compared to sports icons like Patrick Mahomes Net Worth, who have amassed massive fortunes through lucrative contracts and endorsements, showcasing diverse paths to financial success.
Personal Life
Tim Walz is married to Gwen Walz, an educator who contributes to the family’s income. The couple sold their home in 2019 and currently reside in a state-provided residence due to ongoing renovations at the Minnesota Governor’s Mansion. Their lifestyle reflects a commitment to public service and a focus on community engagement.
While Tim Walz has built his career in public service, basketball legends like Scottie Pippen Net Worth have achieved financial success through professional sports and business ventures, highlighting shared themes of influence and legacy.
Frequently Asked Questions – FAQs
Final Verdict
Tim Walz’s net worth is $600,000 to $1 million and his financial standing is characterized by modesty and prudence. His net worth, primarily composed of retirement and savings accounts, reflects a career dedicated to public service and a cautious approach to personal finance. In an era where many political figures possess substantial personal wealth, Walz’s financial profile stands out for its relatability and fiscal conservatism. For more articles, visit Worth Trek.

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John Doe
John Doe is a seasoned blogger and writer at WorthTrek, sharing insightful articles on technology, lifestyle, entertainment, and more.
Email: [email protected]
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