J.D. Vance is an influential American politician, businessperson and author. Recently nominated as vice-presidential nominee by Donald Trump, Vance hails from Middletown Ohio where he established himself as an investor, venture capitalist, best-selling author and U.S. Senator amongst other things. Through various ventures such as Hillbilly Elegy his name has become well known nationwide.
What Are Vance’s Worth Today?
Celebrity Net Worth estimates J.D. Vance has an estimated net worth of approximately $5 Million as of 2022 due to his extensive investments and assets listed on his Congressional Financial Disclosure documents for 2022. Vance’s areas of expertise span across banking, stock market investing, cryptocurrency mining and government bonds among many others.
What Are Vance’s Key Investments?
Vance owns and controls over one hundred assets under his management, including real estate holdings. Here is a sample list of some key holdings he owns in this portfolio.
Banking and Cash Reserves: Vance maintains between $250,000-$500,000 at Huntington National Bank and $100k-250k in his Robin Hood checking account as cash reserves.
Stocks and Securities: His investments in the stock market are impressive. He holds approximately $500-$1 Million invested in QQQ Exchange Traded Fund as well as $50,000-100k invested in Walmart stock.
Bonds and Fixed Income: He has invested up to $200k in 20+ Year Treasury Bond ETF shares.
Cryptocurrency: Vance has amassed significant digital currency holdings through Coinbase ranging from $100,000 to $250,000 worth of Bitcoins.
Certificates of Deposit (CDs): His investments include five Goldman Sachs CDs that range in value between $500,000 to $1.05 million.
How Much Does Vance Earn as a Senator?
J.D. Vance currently earns an approximate annual salary of approximately $174,000 as determined by the National Taxpayers Union Foundation as standard compensation for United States senators, not taking into account potential earnings such as investments, royalties or speaking engagements.
What Could Vance Achieve as Vice President?
Should Vance become Vice President, his annual salary would increase to $235,100 as determined by the National Taxpayers Union Foundation based on pay scale of second highest office in US government.
How Successful Has “Hillbilly Elegy” Been?
“Hillbilly Elegy”, Vance’s 2016 memoir, earned both literary acclaim and tremendous financial success, according to estimates by Business Insider for 2021 (when he announced his candidacy). Vance reported earning royalty payments totaling an astounding $475,308 (not including lucrative adaptation deals such as Netflix). This figure represents an exponential rise from what had previously been earned; alone.
What Does Vance Gain From Speaking Engagements?
Following his book’s publication, Vance became an in-demand speaker at colleges and universities nationwide. For two years after publishing “Hillbilly Elegy,” he visited 18 educational institutions to give commencement addresses, lectures, political talks or briefs, receiving over $70,000 according to reports by The Associated Press.
How Has Vance’s Political Rhetoric Evolved?
Vance became widely-renowned for his insight into the socio-economic challenges facing the “Rust Belt”, speaking positively of education during early speaking tours. However, once he decided to enter politics more actively and announced his candidacy he began criticizing universities as contradicting conservative values, framing them as threats within his narrative.
J.D. Vance has successfully navigated a delicate relationship with both American society and political dynamics during his long and accomplished writing career, transitioning seamlessly from bestseller author status to vice-presidential candidate status due to his financial acumen, diverse investments, and ever-evolving rhetoric that corresponds with his increasing status within Republican Party ranks.