J.D. Vance Is Worth Upwards of $10 Million
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J.D. Vance is in the spotlight this evening as he faces off against Tim Walz in the first (and likely only) vice presidential debate of this election cycle.
As viewers watch the program, many are likely wondering the financial backgrounds of both men. (For Walz's net worth, click here.) Forbes estimates Vance's net worth is around $10 million. "Given where he started, it’s a remarkable sum, one that solidifies Vance’s place in circles that might have made his younger self uncomfortable," the publication notes.
Here's a breakdown of J.D. Vance's net worth—which include around $4 million in real estate.
Hillbilly Elegy
Hillbilly Elegy: A Memoir of a Family and Culture in Crisis
amazon.com
$11.53
In 2023 on his Senate financial disclosure form, Vance reported earning around $55,000 in royalties on his memoir. In 2022, he reported $121,000 in royalties. As of July 2024, the book had sold nearly 2 million copies, according to Axios.
His D.C. townhouse
Usha and J.D. purchased a home in D.C. in August 2014 for $590,000, borrowing around $600,000 to pay for it. "The home is worth about $850,000 today, and they owe an estimated $480,000 against it—the only debt they appear to have on their balance sheet," Forbes notes. They currently rent this home, and in 2022, the Vances collected somewhere between $15,000 and $50,000 in rent on the property.
His Cincinnati house
In 2018, Usha and J.D. bought a $1.4 million home in the East Walnut Hills neighborhood of Cincinnati. Today, it's worth around $1.8 million.
His Alexandria house
After winning a Senate seat, he bought a $1.6 million, 2,500-square-foot home in Alexandria, Virginia, worth around $1.8 million today.
His salary
As a senator, Vance will earn $174,000 this year.
His investments
According to the Washington Post, "Vance still owns assets from the venture capital funds that he ran before becoming a senator. In his 2023 Senate financial disclosure form, he valued those holdings at more than $600,000. He also said he had hundreds of thousands of dollars in savings accounts, millions of dollars in mutual funds, and between $100,000 and $250,000 in cryptocurrency. The total value of the couple’s reported assets is between $4.1 million and $11.8 million, according to a Post analysis. In 2023, their income on investments was somewhere between $201,801 and $1.2 million."
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