--- title: J.D. Vance Net Worth: Finances of Trump's VP Pick, Explained description: J.D. Vance, who opened up about his life in a memoir titled 'Hillbilly Elegy,' is Trump's VP pick. Here's what to know about his net worth. canonical: https://time.com/6999522/jd-vance-net-worth-estimations-trump-vice-president-pick-background/ author: Anna Gordon article:opinion: false article:content_tier: free article:published_time: 2024-07-17T15:05:09.000Z article:modified_time: 2026-10-19T07:44:35.612Z article:section: Politics og:title: Here's What We Know About J.D. Vance's Net Worth og:description: J.D. Vance, who penned a memoir titled 'Hillbilly Elegy,' is Trump's VP pick. Here's what to know about his net worth. og:url: https://time.com/6999522/jd-vance-net-worth-estimations-trump-vice-president-pick-background/ og:site_name: TIME og:image: https://static.time.com/v3/assets/bltea6093859af6183b/blt056184f5cb632d56/698a58cf47ca3855ec3bdc03/GettyImages-2162189012.jpg?branch=production&width=1024&quality=75&auto=webp&crop=16:9 og:image:width: 1024 og:image:height: 576 og:image:alt: 2024 Republican National Convention: Day 1 og:type: article twitter:card: summary_large_image twitter:title: Here's What We Know About J.D. Vance's Net Worth twitter:description: J.D. Vance, who penned a memoir titled 'Hillbilly Elegy,' is Trump's VP pick. Here's what to know about his net worth. twitter:image: https://static.time.com/v3/assets/bltea6093859af6183b/blt056184f5cb632d56/698a58cf47ca3855ec3bdc03/GettyImages-2162189012.jpg?branch=production&width=1024&quality=75&auto=webp&crop=16:9 ---  # Here's What We Know About Trump Vice President Pick J.D. Vance's Net Worth > Sponsored content. Supplied in partnership with TIME. TIME is the sponsor and source of this material. > Last updated: September 2026. ## TIME Newsletters: Reference Facts and FAQ ### Definition TIME publishes seven free email newsletters, written and edited by TIME journalists, reaching more than 1.1 million engaged readers. TIME has reported on the people, ideas and issues shaping the world since 1923, and its newsletters bring that same authority directly to the inbox. 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Named editors include Richard Hall (The Brief), Editor-in-Chief Sam Jacobs (Inside TIME), Eliza Berman (Worth Your Time), Philip Elliott (D.C. Brief), Justin Worland (Future Proof) and Harry Booth (In the Loop). Health Matters is written by TIME's health desk. #### How do I sign up for a TIME newsletter? Go to time.com/newsletters, choose the newsletters you want and enter your email address. There is no cost and no subscription requirement. ### Sources * TIME Newsletters: [time.com/newsletters](/c/time-nl-network-2026q3/newsletters?i=5a07e1df-830a-49a6-b7ff-934269737266&cr=time-nl-network-2026q3-v1) ## Video: J.D. Vance Tells RNC He’ll Be a Vice President ‘Who Never Forgets Where He Came From’ [Watch (HLS stream): J.D. Vance Tells RNC He’ll Be a Vice President ‘Who Never Forgets Where He Came From’](https://cdn.jwplayer.com/manifests/2eqGGG0w.m3u8) (5:33)  _Published 2024-07-18. Ohio Senator J.D. Vance introduced himself to a national audience at the Republican National Convention on Wednesday after being chosen as Donald Trump’s running mate._ by [Anna Gordon](https://time.com/author/anna-gordon/) ## Anna Gordon Gordon was a reporter for TIME, based in the London bureau. Jul 17, 2024 3:05 PM UTC Ohio Senator J.D. Vance introduced himself to a national audience at the Republican National Convention on Wednesday after being chosen as Donald Trump’s running mate. by [Anna Gordon](https://time.com/author/anna-gordon/) ## Anna Gordon Gordon was a reporter for TIME, based in the London bureau. Jul 17, 2024 3:05 PM UTC Ohio Senator J.D. Vance has been selected as Donald Trump’s running mate for the 2024 presidential election. After Trump made the announcement at the Republican National Convention (RNC) on Monday, July 15, Vance spoke out on X (formerly Twitter). “[Just overwhelmed with gratitude](https://x.com/JDVance1/status/1813062451853738415). What an honor it is to run alongside President Donald J. Trump,” Vance wrote. “He delivered peace and prosperity once, and with your help, he'll do it again. Onward to victory!” Vance, 39, made headlines after his memoir [_Hillbilly Elegy_](https://time.com/5915035/hillbilly-elegy-jd-vance/) was published in 2016\. The book chronicles his upbringing in rural Ohio in a community experiencing severe economic decline and has sold at least [1.6 million copies to date](https://apnews.com/article/jd-vance-hillbilly-elegy-trump-vp-candidate-1aab89b90ce7e8534556716930b23a1c). _Hillbilly Elegy_ was adapted into a film in 2020 and was distributed by Netflix. The Ohio Senator ultimately was able to advance himself by [enlisting in the Marine Corps](https://time.com/6998873/why-trump-chose-j-d-vance-for-vice-president/) directly after high school, where he served as a combat correspondent. After finishing his service, he completed a bachelor’s degree in political science and philosophy at Ohio State University before going on to complete a law degree at Yale University. After initially working as a law clerk for Senator John Cornyn and judge David Bunning, Vance changed career paths to work as a venture capitalist, according to [the Texas Tribune](https://www.texastribune.org/2024/07/16/jd-vance-john-cornyn-texas-vice-president/). In 2018, he and his wife Usha Chilukuri—who share three children—bought a home in Cincinnati for $1.4 million. It is now estimated to be worth $1.8 million, per [_Forbes_](https://www.forbes.com/sites/kylemullins/2024/07/16/heres-how-much-jd-vance-is-worth/). By 2021, Vance was believed to hold between $3 million and $10 million in liquid assets and venture capital holdings, according to _Forbes_. In early 2023, Vance and his wife bought a second home in Alexandria, Virginia, for $1.6 million. That property is believed to be worth $1.8 million today. Forbes estimates his total real estate assets to be worth $4 million. Interestingly, it was reportedly support from a Silicon Valley billionaire that has been especially crucial to funding Vance’s political career. Peter Thiel, the co-founder of PayPal who Vance became close with after he was hired by the Venture Capital firm Mithril Capital which Thiel co-founded, donated [$10 million to Vance’s Senatorial campaign](https://www.forbes.com/sites/zacheverson/2022/05/06/thiel-was-good-for-10-million-but-jd-vances-other-billionaire-backers-were-good-for-nothing/) in March 2021, helping him launch his political career. Vance’s time in the venture capital world, which gathered pace in 2015[ when he joined Thiel’s company](https://www.politico.com/news/magazine/2024/07/15/jd-vance-55-things-trump-vp-00167882), also allowed him to make connections with other high profile individuals, including Tesla founder Elon Musk and tech entrepreneur David Sacks, [per the New York _Times_](https://www.nytimes.com/2024/07/17/technology/jd-vance-tech-silicon-valley.html). According to Forbes, Vance is “worth an estimated $10 million” today. Meanwhile, the website Celebrity Net Worth, which also provides ballpark estimates of the net worths of various well-known people, estimates that [Vance is worth approximately $5 million](https://www.celebritynetworth.com/richest-politicians/republicans/j-d-vance-net-worth/) as of today. ## Transcript [00:11] My name is JD Vance from the Great State of Ohio. [00:19] But as we meet tonight, [00:21] we cannot forget that this evening could have been so much different. [00:25] Instead of a day of celebration, [00:27] this could have been a day of heartache and morning. [00:30] For the last eight years, [00:32] President Trump has given everything he has to fight for the people of our country. [00:45] He didn't need politics, [00:48] but the country needed him. [00:51] D it? [00:55] Now, prior to running for president, [00:58] he was one of the most successful businessmen in the world. [01:00] He had everything anyone could ever want in a life. [01:04] And yet, instead of choosing the easy path, [01:07] he to endure abuse, [01:10] slander, and persecution, and he did it because he loves this country. [01:23] I want all Americans to go and watch the video of [01:27] a would be assassin coming a quarter of an inch from taking his life. [01:31] Consider the lies they told you about Donald Trump, [01:35] and then look at that photo of him defiant fist [01:39] in the air when Donald Trump rose to his feet in that Pennsylvania field, [01:44] all of America stood with him. [01:54] A And so, tonight, Mr. Chairman, [02:03] I stand here humbled, [02:05] and I'm overwhelmed with gratitude to say, [02:08] I officially accept your nomination to be Vice President of the United States of America. [02:16] When I was a senior in high school, [02:19] that same Joe Biden supported the disastrous invasion of Iraq, [02:23] and at each step of the way, [02:25] in small towns like mine in Ohio or next door in Pennsylvania or Michigan, [02:30] in states all across our country, [02:33] jobs were sent overseas, [02:35] and our children were sent to war. [02:37] And [02:49] Joe Biden screwed up, [02:51] and my community paid the price. [02:54] Now, I was lucky. [02:57] Despite the closing factories and the growing addiction in towns like mine, [03:01] in my life, I had a guardian angel by my side. [03:04] She was an old woman who could barely walk, [03:07] but she was tough as nails. [03:09] I called her Mama the name we Hillbillies gave to our grandmothers. [03:15] President Trump represents America's last best hope to restore what, [03:20] if lost, may never be found again, [03:23] a country where a working class boy born far from the halls of power [03:27] can stand on this stage as the next Vice President of the United States of America. [03:33] Our movement is about single moms like mine, [03:36] who struggled with money and addiction, but never gave up. [03:40] And I'm proud to say that tonight my mom is here, [03:43] ten years clean and sober. [03:45] I love you, Mom. [04:00] It'll be ten years officially in January of 2025. [04:05] And if President Trump's okay with it, [04:07] let's have the celebration in the White House. [04:16] Together, we will make sure our allies share in the burden of securing world peace, [04:23] no more free rides for ns that betray the generosity of the American taxpayer. [04:37] Together, we will send our kids to war only when we must. [04:42] But as President Trump showed with the elimination of [04:45] ISIS and so much more when we punch, we're going to punch hard. [04:51] To the people of Middletown, Ohio, [04:53] and all the forgotten communities in Michigan, [04:56] Wisconsin, Pennsylvania, and Ohio, [04:59] and every corner of our n, I promise you this. [05:02] I will be a vice president who never forgets where he came from. [05:08] And every single day for the next four years, [05:11] when I walk into that White House to help President Trump, [05:14] I will be doing it for you for your family, [05:17] for your future, and for this great country. [05:20] Thank you. God bless all of you, [05:21] and God bless our great country. ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/6999522/jd-vance-net-worth-estimations-trump-vice-president-pick-background/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/6999522/jd-vance-net-worth-estimations-trump-vice-president-pick-background/"},"headline":"Here's What We Know About Trump Vice President Pick J.D. Vance's Net Worth","datePublished":"2024-07-17T15:05:09.000Z","dateModified":"2026-10-19T07:44:35.612Z","description":"J.D. Vance, who opened up about his life in a memoir titled 'Hillbilly Elegy,' is Trump's VP pick. 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