J.D. Vance Net Worth (Money & Salary)

What is J.D. Vance’s Net Worth and Salary?

J.D. Vance, who is a Republican politician, author, and venture capitalist, boasts a net worth estimated at $5 million. He was elected to the United States Senate in 2022, with his term commencing in 2023. In the 2024 Presidential race, J.D. Vance and Donald Trump emerged victorious on November 5. Vance gained recognition in 2016 following the release of his bestselling memoir “Hillbilly Elegy,” which recounts his youth in Middletown, Ohio, alongside the socioeconomic challenges faced in the Appalachian region.

Initially critical of Donald Trump, Vance shifted to become an ardent supporter by 2020. By 2024, rumors circulated suggesting he could be a contender for Trump’s Vice Presidential nomination. Other names in consideration for the Vice Presidential slot included entrepreneur Vivek Ramaswamy and former North Dakota Governor Doug Burgum, both of whom are also businessmen. On July 15, 2024, J.D. was officially announced as Trump’s Vice Presidential nominee.

As highlighted in the following sections, Vance has engaged in numerous investments throughout his venture capitalist career. He was on the board of AppHarvest until 2021, stepping down to pursue his Senate campaign. AppHarvest specializes in indoor tomato farming and went public through a SPAC in 2021, reaching a maximum market capitalization of $3 billion before filing for bankruptcy in 2023.

Salary

As a newly elected US Senator, J.D. Vance receives a salary of $174,000. Additionally, he is a co-founder and partner of a venture capital firm named Narya Capital. According to his latest financial disclosure, Vance earns an annual salary of $327,000 from his role at Narya.

Financial Disclosure

In August 2022, J.D. Vance’s financial disclosure revealed various assets comprising over a hundred investments, spanning approximately 20 pages. Most of these investments were valued between $1,000 and $15,000. Some of his more substantial investments include a stake in the online video service Rumble, which is valued between $100,000 and $250,000; an investment in Kriya Therapies valued between $50,000 and $100,000; an investment in AppHarvest, Inc. estimated at between $100,000 and $200,000; and another in AcreTrader Inc valued between $15,000 and $50,000.

The most notable asset listed is JD Vance Enterprises LLC, which engages in holding investments and promoting Vance’s speaking, writing, and media engagements, though no specific value was reported for this asset. Below are other significant assets owned by Vance:

• Huntington National Bank, holding between $250,000 and $500,000
• Charles Schwab checking account, containing between $100,000 and $250,000
• Robin Hood checking account, also valued between $100,000 and $250,000
• Five Goldman Sachs CDs collectively valued between $500,000 and $1.05 million
• Shares in the QQQ Exchange Traded Fund worth between $500,000 and $1 million
• 20+ Year Treasury Bond ETF shares valued at between $100,000 and $200,000
• DIA SPDR ETF shares valued between $500,000 and $1 million
• SPY SPDR ETF shares worth between $500,000 and $1 million
• Bitcoin holdings through Coinbase, valued between $100,000 and $250,000
• Walmart stock estimated between $50,000 and $100,000

The total estimated value of these assets alone ranges from $2.7 million to $5.6 million.

Real Estate

In June 2018, JD and Usha acquired a residence in Cincinnati, Ohio, for $1.4 million. The property, spanning over 2 acres, features a 4,700-square-foot mansion built in 1858, equipped with five bedrooms and five bathrooms. According to JD’s financial disclosure, the home was financed with a mortgage ranging from $500,000 to $1 million through Navy Federal Credit Union at a fixed rate of 3.875% over 30 years.

Additionally, they possess a townhouse located in Washington, D.C., purchased in

In 2014, the property was purchased for $590,000 and has periodically been available for rent at $3,000 per month.

Early Life and Education

On August 2, 1984, J.D. Vance was born James Donald Bowman in Middletown, Ohio, to parents Bev and Donald. Following his parents’ divorce during his toddler years, he was adopted by his mother’s third husband. However, it was primarily their grandparents, James and Bonnie, whom they affectionately referred to as Mamaw and Papaw, who raised Vance and his sister.

As a teenager, Vance attended Middletown High School. Once he graduated, he enlisted in the US Marine Corps and served in the Iraq War. Later, he graduated with a BA in political science and philosophy from Ohio State University in 2009, subsequently earning his JD from Yale Law School in 2013.

Venture Capital Career

Vance initiated his professional journey at a corporate law firm. Eventually, he relocated to San Francisco, where he became a venture capitalist in the tech sector. Before securing a position at a venture capital firm, he took on the role of chief operating officer at a biotech firm. Through this biotech firm, he made his first connection with Peter Thiel’s venture capital firm, Mithril Capital. In 2016, he transitioned from the biotech company to become a principal at Mithril Capital. This year also marked the release of his bestselling memoir, “Hillbilly Elegy.” Due to the book’s rapid success, Vance had limited time at Mithril and departed in 2017 to join the investment firm Revolution in Washington, DC, which was established by Steve Case, co-founder of AOL. Over the next 18 months at Revolution, he led roughly a dozen deals, with notable investments such as the AI company Pryon and AppHarvest.

In 2019, he co-founded Narya Capital, a firm based in Cincinnati. More information about Narya will be provided later in this article.

Hillbilly Elegy

In 2016, Vance gained prominence with his memoir “Hillbilly Elegy: A Memoir of a Family and Culture in Crisis,” which became a New York Times Best Seller. The book details his upbringing in Middletown, Ohio, and highlights the socioeconomic struggles faced by his family and the wider Appalachian community. The release of “Hillbilly Elegy” coincided with a controversial election year and garnered significant media attention for its portrayal of white working-class values in the Rust Belt. However, it also faced criticism for reinforcing stereotypes about poverty and making broad generalizations about different groups. In 2020, the memoir was adapted into a film directed by Ron Howard, featuring Amy Adams and Glenn Close.

Hillbilly Elegy Royalties

Based on Vance’s financial disclosures, the royalties he earned from Harper Collins for “Hillbilly Elegy” are as follows:

• 2020: $347,752
• 2021: $475,380

Narya Capital

In 2020, J.D. established a venture capital firm named Narya Capital. He initiated this venture with $93 million raised from a collective of Silicon Valley billionaires, including Peter…

Thiel and Eric Schmidt have been associated with Narya, which according to its latest filings, has invested in approximately a dozen projects spanning areas like gene therapy, agriculture, and space security. As previously mentioned, J.D. values his shares of these investments between $100,000 and $250,000, as per his 2022 financial disclosure, and at least one investment, AppHarvest, has filed for bankruptcy. Below are some recognized investments by Narya:

• Hallow: A prayer application supported by Mark Wahlberg.
• Rumble: A streaming platform positioned as an alternative to YouTube.
• Chapter: A digital platform designed to assist senior citizens in grasping their Medicare options and plans.
• Branch: An insurance company operating online.
• Strive: An asset management firm established by Ohio conservative Vivek Ramaswamy, who was once considered for the VP position.
• Kriya Therapeutics: A biotech company specializing in gene therapy.

US Senator

In the summer of 2021, Vance formally began his campaign for the US Senate seat being left open by Ohio Republican Rob Portman. After receiving Donald Trump’s endorsement, he succeeded in both the primary and general elections held in 2022.

Trump VP Pick

On July 14, 2024, J.D. Vance was selected to be the Vice Presidential candidate alongside Donald Trump.

Political Positions

Characterized as a populist conservative, Vance is perceived by some as critical of LGBTQ+ rights, women’s rights, and the acknowledgment of climate change. He has consistently been against aiding Ukraine in its conflict with Russia. In a 2024 NY Times Op-Ed, he articulated his view by asserting the inevitability of Russia’s victory in Ukraine, claiming “that reality must inform any future Ukraine policy, from future congressional aid to the diplomatic course set by the president.”

During the 2016 presidential election, Vance openly criticized Donald Trump, describing him as “reprehensible” and “America’s Hitler.” However, he shifted his stance in 2018 and became a staunch supporter by 2020. Notably, he perpetuated the false narrative suggesting that voter fraud caused Trump to lose the 2020 presidential election.

Personal Life

In 2014, Vance wed Usha Chilukuri, who was his classmate at Yale Law. They are parents to three children.

Having been raised Protestant, Vance underwent baptism and confirmation in the Catholic Church in 2019.