Sen. JD Vance of Ohio provided a snapshot of his finances on Tuesday, showing his considerable worth after a best-selling book and a stint in venture capital.
The Republican vice-presidential nominee’s legally required FEC form is far less cumbersome than his running mate’s past disclosures. Former President Donald Trump’s 2023 report totaled over 100 pages. Trump has filed for two extensions for his 2024 report; his deadline is later this week.
Vance’s disclosure shows roughly the same assets he files on his separately required Senate financial report. Based on the low-end estimates, Vance and his wife, Usha Vance, hold at least roughly $4 million in assets. They also report having at least a $250,000 mortgage and at least a $500,000 line of credit with Charles Schwab.
Among their largest assets are at least $1 million in an Invesco index fund, multiple exchange-traded funds worth at least $500,000, and at least $250,000 worth of bitcoin. Vance also estimates his stake in his venture firm, Narya Capital, to be worth at least $500,000. Vance was a partner at Narya until December 2022, when he resigned following his election as a US senator.
Officials are required to report their assets and liabilities only in rough ranges, making exact estimates of their net worths challenging. Vance is also not required to estimate the value of his primary home. In July, Forbes estimated that Vance’s net worth was roughly $10 million.
A spokesperson for Vance did not immediately respond to Business Insider’s request for comment.