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What is JD Vance's net worth? A look at the vice presidential candidate's finances

What is JD Vance's net worth? A look at the vice presidential candidate's finances

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Republican JD Vance and Democrat Tim Walz will face off Tuesday night in the only vice presidential debate before the Nov. 5 election.

But the two vice presidential candidates not only differ greatly in their political views, they also have very different financial situations.

Vance often touts his humble upbringing in a working-class household in Ohio, but according to a Washington Post analysis, his net worth is estimated at $10 million from book royalties, stock holdings, his venture capital firm and his annual salary as a U.S. senator.

In contrast, the median net worth of American households in 2022 was $192,200, according to the Federal Reserve's Survey of Consumer Finances.

More: Live updates on the VP debate: Current information on debate rules, moderators, election polls and more

Watch the vice president debate on CBS News on Tuesday, October 1 at 9 p.m. ET on CBS or the simulcast at www.usatoday.com.

By comparison, Walz has no investments, bonds, stocks or real estate and does not currently own a home, USA TODAY reported.

According to his 2019 financial report as a member of Congress, Walz's assets are limited to his state and federal pensions as a former teacher and congressman, life insurance and college savings. A Wall Street Journal analysis found that the pensions could increase his net worth by about $800,000.

Where does Vance's money come from?

After attending Yale Law School and serving as a U.S. Marine, Vance built his financial cushion through a career in venture capitalism. He spent several years in Silicon Valley working at Mithril Capital and later founded his own company, Narya, in Ohio.

In addition to his venture capital earnings, another source of Vance's income is his best-selling memoir “Hillbilly Elegy,” which earned him $121,376 in book royalties in 2022.

Walz will likely question Vance's Midwest credentials during Tuesday night's debate.

“Like all the normal people I grew up with in the heartland, JD studied at Yale, had his career funded by Silicon Valley billionaires, and then wrote a best-selling book that devastated this community,” Walz said at his first rally as Harris' Election for Vice President. “Come on! Middle America is not like that.”

In 2022, according to ABC, Vance earned about $1 million from a lucrative combination of his $174,000 U.S. Senate salary, his venture capital firm salary, book royalties and investment income from investments, including real estate rental fees and stock dividends.

Vance's other assets include shares in more than 100 companies, according to financial disclosures, cryptocurrencies valued between $100,001 and $250,000, three college savings accounts for his three children totaling between $31,000 and $115,000, according to CNN, and retirement accounts. Other investments include multiple bank accounts, CDs, and exchange-traded funds that track everything from the S&P 500 and Dow to Treasury bonds, gold, and oil.

The vice presidential candidate also has real estate income and assets. In 2022, Vance earned between $15,001 and $50,000 in rental income from a rowhouse in Washington, D.C. He and his wife Usha Vance also own homes in Virginia and Ohio.

Contributors: Reuters and USA TODAY's Medora Lee, Erin Mansfield and Joseph Garrison

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