How Much Second Gentleman Doug Emhoff Made As A Lawyer: Forbes Reporter Explains

4 months ago

It was a mixed year for Vice President Kamala Harris, income-wise. Book royalties, plus some investment income, added to her $235,000 salary. Forbes money in politics reporter Kyle Mullins joins "Forbes Newsroom" to discuss.

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Transcript

00:00 I want to talk about her investments.

00:01 How much is she making from them?

00:03 And how does that stack up from the previous years

00:06 as she was in office for vice president?

00:09 So Kamala Harris and her husband, Doug Emhoff,

00:11 they've got between $2 and $5 million

00:13 of various investments in their--

00:16 mostly collected in various retirement accounts

00:18 and that kind of thing.

00:20 That includes index funds, exchange-traded funds,

00:22 bonds, that kind of stuff.

00:24 All kind of investments that are aimed

00:25 toward reducing potential conflicts of interest.

00:28 They don't have any individual stocks, for example.

00:32 But those threw off basically no income.

00:34 They didn't report any real dividend or other income

00:39 from those investments over the year of 2023.

00:44 They also reported-- they did report interest income,

00:47 however, from a lot of the cash they keep in their bank

00:50 account.

00:51 They keep a fairly large chunk of their portfolio,

00:54 between $850,000 and $1.7 million,

00:57 they reported having in various cash accounts.

01:00 And those threw off between $30,000 and $100,000

01:02 of interest income in 2023.

01:05 So that's not bad.

01:06 I do want you to talk a little bit more about her husband,

01:09 Doug Emhoff.

01:10 What does he do?

01:11 Who is the second gentleman?

01:13 And how much was he bringing in in 2023?

01:17 So Doug Emhoff is--

01:19 before his wife became vice president,

01:21 Doug was an entertainment lawyer.

01:23 And he was bringing in a lot of money as an entertainment

01:25 lawyer, upwards of $1 million a year,

01:27 according to some tax returns that

01:28 were released in the late 2010s.

01:31 So they were making plenty of money.

01:34 And that was when she was a senator from California.

01:36 So he was definitely the breadwinner at that point.

01:39 Since then, however, she's ascended

01:41 to the vice presidency, first in line for the presidency.

01:45 Got a bit of a bump in salary from that.

01:47 But Doug stopped working as a lawyer at that point,

01:50 separated from his law firm.

01:52 And he now works as a law professor at Georgetown.

01:55 We don't know exactly how much he makes.

01:56 He's not required to disclose that on these disclosures.

01:59 So I'm actually not even able to say whether or not

02:04 he makes more than Vice President Harris or not.

02:06 But what I can say is that he's probably

02:09 making quite a bit less than he was when

02:11 he was a lawyer at a law firm, a partner at a law firm.

How Much Second Gentleman Doug Emhoff Made As A Lawyer: Forbes Reporter Explains

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