Former President Donald Trump named his running mate for Vice President of the United States two days after being hurt in a shooting and attempted murder at a gathering in Pennsylvania. The candidate was named by Trump to be Ohio Senator, J.D. Vance before the Republican National Convention.
J.D. Vance, 39, used to speak out against Trump but changed his mind in 2020 and now supports him. Trump had an advantage in the race for president because he was almost 40 years younger than Vice President Biden. If Trump wins, J.D. will be the third-youngest vice president in U.S. history.
Even though J.D. has to go through a lot of steps before he is chosen as VP, his financial success didn’t hurt his chances of being voted. J.D. already had a huge net worth before he was nominated, and it will only get bigger if he becomes VPOTUS. How much does J.D. Vance make?
J.D. Vance’s Net Worth and Salary
J.D. Vance’s is as a venture investor with a net worth of $5 million, according to Celebrity Net Worth. He is also an author and a Republican politician. They chose J.D. Vance to be in the US Senate in 2022. His term began in 2023. His best-selling book “Hillbilly Elegy,” which was released in 2016, made Vance famous.
It’s about his childhood in Middletown, Ohio, and the social and economic problems in the Appalachian area. Before 2020, Vance was a loud foe of Donald Trump. That year, he became a Trump supporter. When Trump was running for president in 2024, J.D. Vance was said to be a possible choice for Vice President.
Businessman Vivek Ramaswamy and former North Dakota Governor and businessman Doug Burgum are two other people Trump might choose as VP.
On July 15, 2024, it was made public that J.D. would be Trump’s running mate for vice president. Vance has invested a lot of money as a venture capitalist.
A company he owned, AppHarvest, had him on its board until 2021, when he quit to run for the Senate. AppHarvest was mostly about growing tomatoes indoors.
The company went public through SPAC in 2021 when its market value was $3 billion at its highest point. AppHarvest asked for bankruptcy in the year 2023.
JD Vance Investments
Vance, 39, from Middletown, made his money in several different ways. Celebrity Net Worth says Vance has more than 100 interests, and each one is worth about $15,000 to $15,000. Some important investments are:
- $250,000 – $500,000 in Huntington National Bank
- $100,000 – $250,000 in a Robin Hood checking account
- Five Goldman Sachs CDs, collectively valued between $500,000 and $1.05 million
- $500,000 – $1 million in QQQ Exchange Traded Fund shares
- $100,000 – $200,000 in 20+ Year Treasury Bond ETF shares
- $100,001 – $250,000 in Bitcoin through Coinbase
- $50,000 – $100,000 in Walmart stock
Senatorial and Possible Vice Presidential As a U.S. Senator
Vance made $174,000 a year from the National Taxpayers Union Foundation (NTUF). NTUF data shows that if he is chosen as Vice President, his yearly pay will go up to $235,100.Income from “Hillbilly Elegy” and Speaking Engagements: Vance’s 2016 book, “Hillbilly Elegy,” made him famous all over the world.
In 2021, Business Insider reported that Vance made $475,308 from the book. After her memoir came out, Vance also got almost $70,000 to talk at 18 colleges and other places of learning. The Associated Press says that these earnings came from giving talks at political events, seminars, and commencement ceremonies.
Vance, who went to Yale Law School and Ohio State University, spoke positively about education at these events. He said that colleges were against the conservative goal when he became a politician.
Career in politics and win in the Senate
Vance won the election for Ohio’s U.S. Senate spot in November 2022 with the help of Donald Trump. He beat Democrat Tim Ryan to take over the spot that Senator Rob Portman had held until he retired. The whole country paid close attention to this poll.
Republicans think that keeping the seat is important for keeping their Senate majority. The Cincinnati Enquirer said that Ryan’s large campaign fund and the tough GOP primary kept the race close until the very end.
If you’re interested in more celebrity news and insights, review our earlier posts for in-depth coverage.
J.D. Vance’s Notable Achievements
Here are J.D. Vance’s notable achievements:
Author of the Best-Selling Memoir “Hillbilly Elegy”: Vance rose to fame as the author of the 2016 memoir “Hillbilly Elegy“, which provided an insider’s perspective on the struggles of the white working class in Appalachia and the Rust Belt. The book became a best-seller and was later adapted into a film directed by Ron Howard.
Elected to the U.S. Senate in 2022: After gaining prominence from his memoir, Vance entered politics and was elected as a Republican to the U.S. Senate in 2022, representing the state of Ohio.
Transition from “Never-Trumper” to Staunch Trump Ally: Vance was initially a critic of Donald Trump, calling him “dangerous” and “unfit for office” in 2016. However, he later reversed his stance and became a fierce ally of Trump, defending his policies and behavior.
Considered as Trump’s Vice Presidential Pick: In 2024, former President Donald Trump selected Vance as his running mate for the upcoming U.S. presidential election, citing Vance’s debating skills, fundraising prowess, and ability to articulate Trump’s “America First” vision.
Emergence as a Leading Conservative Voice: Vance has been recognized as a leading voice for the conservative movement, advocating for a shift away from interventionist foreign policy, free market economics, and traditional American values.
In summary, J.D. Vance’s notable achievements include his best-selling memoir “Hillbilly Elegy“, his election to the U.S. Senate, his transition from a Trump critic to a staunch ally, his consideration as Trump’s vice presidential pick, and his emergence as a prominent conservative voice.
J.D. Vance’s Income Sources
J.D. Vance has amassed a sizable net worth primarily through his investments and earnings from his best-selling memoir “Hillbilly Elegy“.
- $475,308 in royalties from “Hillbilly Elegy”
- Nearly $70,000 for speaking engagements at 18 colleges and institutions after the memoir’s publication
- $400,000+ in salary from his Ohio-based venture capital firm Narya Capital
- $125,000 salary from J. Vance Enterprises, an entity focused on managing and promoting Vance’s public appearances and writings.
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