It should be noted that a CEO and a President are two different roles. What Is an Executive Vice President (EVP)?Īn executive vice president is usually placed on the hierarchy chart right below the President of the company. These titles may be given to people who work for corporations, non-profit agencies, NGOs, institutions, and even the government.Īlthough their roles have some similarities in the chain of command and they encompass many roles within their company, there are some important differences between these two positions to consider as well. There are two promotions that a Vice President is able to receive: to Senior Vice President, and to Executive Vice President. Most are given some form of the title “Vice President.” These are leaders who may not have “Chief” in their title, but they are still key figures within the company. ![]() I didn’t realize I get three helicopters available to me,” he said, “I can be from the vice president’s lawn to my backyard in 40 minutes.” Harris and her husband, Doug Emhoff, are worth $6.3 million, which includes the money she made from her political career, as well as her six-figure book deals, according to Fortune.Just below the C-Suite of an organization sits the executive leadership team. Back when Biden himself was VP, he told the Wilmington News Journal about the perk: “The good thing is you have a whole Air Force. Oh, and jet planes.Īccording to former Vice Presidents, the role allows anyone in that position to call on Air Force Two to take them anywhere, at any time. In addition to their beautiful new home, the VP gets limo service treatment. Their residence, Number One Observatory Circle, is a 33-room home (and Hillary Clinton is reportedly a neighbor nearby), as per Business Insider. The Vice President and their family get to live on the United States Naval Observatory grounds, located about three miles from the White House. In addition to their $235,100 annual salary, the vice president receives a $10,000 taxable expense allowance along with plenty of money-saving perks: Kamala Harris will receive free housing, transportation, and a staff of about 80 during her office as Vice President of the United States, according to Indystar. Under the Trump administration, House Republicans attempted to lift the freeze with the president’s support, but a deal never passed in Congress.Įven if the Vice President’s salary isn’t at its maximum limit, the current amount still tops Kamala Harris’ former salary of $174,000 as a California Senator, per. If lifted, the Vice President could earn $243,500 or more, as per USA Today. This annual income has been frozen by Congress since at least 2014, when lawmakers included provisions holding the pay rates at 2013 levels during the Obama Administration. ![]() The Vice President’s salary is currently set at $235,100. Read about just how much the Vice President makes ahead. Harris will be a major pay bump from her former earnings as a senator. ![]() Biden and Harris will take the oath of office as the next POTUS and VPOTUS on Inauguration Day on January 20, 2021. His running mate, former California Senator Kamala Harris of California, was elected as the 49th President of the United States and will also receive an annual salary. This is different from how the President of the United States gets paid: Former Vice President and current President Joe Biden, who was elected as the 46th President of the United States on November 7, 2020, will earn a fixed salary of $400,000-just like every other President since 2001. But how much does the Vice President make, exactly? Turns out, the Vice Presidential salary changes from time to time. Leaving the senate for the second-highest political office title in the United States is bound to come with a raise.
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