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Here’s how much JD Vance is worth, from his bitcoin to real estate holdings
Vice presidential candidate JD Vance, 40, has amassed a multimillion fortune in the two decades since he left behind the hardscrabble childhood he described in his bestselling 2016 memoir “Hillbilly Elegy.”
Vance has a net worth estimated between $4.8 million to $11.3 million, according to federal disclosure forms filed in August. While that’s a far cry from the estimated $6.7 billion fortune of his running mate, former President Donald Trump, Vance’s wealth far surpasses the median U.S. household net worth of $193,000.
Vance parlayed his tough upbringing into a life of rare privilege after attending Yale Law School, where he met his wife, Usha, and made connections with wealthy patrons, including the right-leaning billionaire Peter Thiel, co-founder of PayPal. After graduating from Yale, Vance was hired by Thiel’s firm Mithril Capital, marking the start of a career in venture capital that helped build his fortune.
“I mean, look, I wanted to make money — I’m not saying I’m anti-making money,” Vance told the New York Times in October about his decision to start a career in venture capital. “But when I thought about what I really wanted out of my life, what I really wanted was what Usha and I have right now. And I wanted to raise our kids in stability.”
Vance added that when he was a child and people asked his address, he was never sure he would be at the same location a month later because of the financial instability of his youth. “I hated the fact that I had these different addresses — it was just something that really bothered me as a kid,” he added.
Backed by funding from Thiel, Vance ran for a Senate seat in Ohio, winning the race in 2022 and taking his Senate position in January 2023.
Vance’s net worth
Vance’s biggest asset is an account with Charles Schwab, which he valued at between $2.3 million to $7.7 million.
In federal disclosure forms, candidates estimate their assets between a range of values, rather than providing a specific dollar figure. For instance, Vance’s Schwab account holds a stake in the Invesco QQQ Trust, an ETF that focuses on the Nasdaq 100 index, which the senator estimated is worth between $1 million to $5 million.
Vance, a major supporter of digital currencies, also owns between $250,000 to $500,000 in bitcoin, his disclosure form shows.
The vice presidential hopeful also owns:
- Real estate in Washington, D.C., worth between $500,000 to $1 million
- Ownership in his venture capital fund, Narya Capital Fund I, worth between $500,000 to $1 million
- Checking and savings accounts at Marcus Goldman Sachs and the Navy Federal Credit Union valued between $200,000 to $500,000
- A SEP-IRA account worth between $100,000 to $250,000
Vance lists only two liabilities: A mortgage worth between $250,000 to $500,000 and a line of credit between $500,000 to $1 million.
He also gets royalties from “Hillbilly Elegy,” which he estimated brings him between $15,000 to $50,000 in annual income.
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Election 2024 live updates amid neck-and-neck polls as Harris and Trump make push in battleground states
Supreme Court denies GOP request to block counting of certain provisional ballots in battleground Pennsylvania
The U.S. Supreme Court on Friday declined to freeze a decision from Pennsylvania’s highest court that required election officials to count provisional ballots cast by people whose mail ballots are invalid because they lacked mandatory secrecy envelopes.
The order from the justices means that election officials in the key battleground state must tally provisional ballots submitted on Election Day by voters who returned defective mail ballots, either because they didn’t include secrecy envelopes or failed to sign or date the outer envelope.
Trump holds final Wisconsin rally of campaign
KAMIL KRZACZYNSKI/AFP via Getty Images
Donald Trump held his final Wisconsin rally of the 2024 campaign Friday night, returning to Fiserv Forum, in Milwaukee, the site of the Republican convention, to deliver his closing message to the Badger State. In 2016, he narrowly won Wisconsin but he lost the state’s 10 electoral votes to Joe Biden in 2020.
The rally was plagued by microphone problems. People in the upper sections in the back of the arena couldn’t hear Trump, and he expressed frustration with the technical issues.
“I’m seething. I’m working my ass off with a stupid mic,” Trump said.
He then made crude gestures toward the mic stand, complaining it was too low. He held the microphone for the rest of the rally but complained about how heavy it was several times. He also threatened not to pay the contractor.
“Do you want to see me knock the hell out of people backstage?” Trump asked. “I don’t ask for much. The only thing I ask for is a good mic. And this is the second time today that this happened.”
He loosely blamed campaign manager Susie Wiles for the microphone issue.
By Olivia Rinaldi and Katrina Kaufman
Harris and Trump both rally in Milwaukee area Friday night
Andrew Harnik / Getty Images
Both Donald Trump Trump and Kamala Harris campaigned in the Milwaukee area Friday night, going into the final weekend of the 2024 campaign. Harris didn’t deviate much from her standard stump speech in West Allis, Michigan, a Milwaukee suburb of Milwaukee. She urged people to vote who haven’t yet cast their ballots.
“No judgment, no judgment at all — but do get to it,” Harris said, before reviewing the list of her campaign promises and litany of grievances against Trump.
Kyle Mazza/Anadolu via Getty Images
Cardi B, who spoke shortly before Harris, told the crowd she didn’t intend to vote this year, but “Kamala Harris changed my mind.”
She called Trump a “bully” and said, “I can’t stand a bully, but just like Kamala, I stand up to one.” Cardi B repeatedly said she was nervous about speaking at the rally. Women, she said, have to work 10 times harder than men “and still, people question us.”
Leslie Reeves and Chris Smith were shot during their first date. Only Smith survived. A look at how he defied the odds to make a remarkable recovery.
The scene of the crime
Illinois State Police
On the night before Thanksgiving 2021, Smith went on a first date with a woman named Leslie Reeves. The morning after, first responders found Smith in his Farmersville, Illinois, home with a bullet lodged in his brain. Reeves was dead.
Shooting victim in a coma
Chris Smith
EMTs rushed Smith to a hospital where he underwent brain surgery and was placed in a medically induced coma.
A bullet lodged in his brain
Chris Smith
Fragments of the bullet remained in Smith’s brain. His doctors say that to retrieve the bullet could risk causing further damage.
Family support
Chris Smith
Smith’s mother, Sharon Costanza, and sister, Ashli Holcomb, sat by his side during his recovery. Doctors told them chances were very low that Smith would return to his previous level of functioning.
No memory
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In January 2022, Smith woke from his coma and asked where he was and what had happened. He remembered nothing from the night of the shooting. He had no memory of his date with Reeves, even though he’d been talking on the phone and messaging with her two weeks before the shooting.
A poor prognosis
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Due to Smith’s injuries, his neurosurgeon, Dr. Victor Williams, told Smith he likely would not be able to walk again. Williams and his team were dedicated to doing everything they could to aid Chris’ recovery.
A life forever changed
CBS News
Smith’s left leg is partially paralyzed from his hip to his knee. From his knee to his toes, he is completely paralyzed.After he left the hospital, he had to move back in with his mother.
Regaining his strength
CBS News
Most days, Smith goes to the gym and works on regaining his strength so that someday he’ll be able to walk without assistance.
A survivor
Chris Smith
Smith says he is determined to hold on tight to his new lease on life. He is back singing with his rock band. And he proposed to his fianceé, Michelle Albrecht.
New aspirations
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‘Smith hopes to become a motivational speaker and has his own website.
A miracle recovery
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Smith’s mother says his recovery is nothing short of a miracle.
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