Here’s how much JD Vance is worth, from his Bitcoins to his real estate holdings

Vice presidential candidate JD Vance, 40, has amassed a multimillion-dollar fortune in the two decades since he left behind the tough childhood he described in his best-selling 2016 memoir “Hillbilly Elegy.”

Vance’s net worth is estimated at between $4.8 million and $11.3 million, according to federal disclosure forms filed in August. While that’s a far cry from his Vice President Donald Trump’s estimated $6.7 billion fortune, Vance’s fortune far exceeds the average U.S. household net worth of $193,000.

Vance parlayed his difficult upbringing into a life of rare privilege after attending Yale Law School, where he met his wife Ushaand networked with wealthy patrons, including right-wing billionaire Peter Thiel, co-founder of PayPal. After graduating from Yale, Vance was hired by Thiel’s firm Mithril Capital, marking the beginning of a career in venture capital that helped build his wealth.

“I mean, I wanted to make money — I’m not saying I’m against making money,” Vance told The New York Times in October about his decision to pursue a career in venture capital. “But when I thought about what I really wanted from my life, what I really wanted was what Usha and I have now. And I wanted to raise our children in stability.”

Vance added that when he was a child and people asked him his address, the financial instability of his youth meant he was never sure if he would be in the same place a month later. “I hated the fact that I had these different addresses – it was just something that really bothered me as a kid,” he added.

Aided by Thiel’s funding, Vance ran for a Senate seat in Ohio, winning the race in 2022 and taking his Senate post in January 2023.

Vance’s net worth

Vance’s largest asset is an account at Charles Schwab, which he estimated to be between $2.3 million and $7.7 million.

In federal disclosure forms, candidates estimate their assets using a range of values ​​rather than specifying a specific dollar value. Vance’s Schwab account, for example, holds a stake in the Invesco QQQ Trust, an ETF focused on the Nasdaq 100 index, which the senator estimates is worth between $1 million and $5 million.

Vance, a big proponent of digital currencies, also owns between $250,000 and $500,000 worth of Bitcoin, according to his disclosure form.

The vice presidential candidate also has:

• Washington, DC real estate valued between $500,000 and $1 million
• Stake in his venture capital fund Narya Capital Fund I worth $500,000 to $1 million
• Marcus Goldman Sachs and Navy Federal Credit Union checking and savings accounts ranging from $200,000 to $500,000
• A SEP IRA account worth between $100,000 and $250,000

Vance lists just two liabilities: a mortgage worth between $250,000 and $500,000 and a line of credit between $500,000 and $1 million.

He also receives royalties for “Hillbilly Elegy,” which he estimates brings him an annual income of $15,000 to $50,000.