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- Senator JD Vance of Ohio has completed his annual financial disclosure.
- As the GOP’s vice presidential nominee, he is obligated to submit a distinct report.
- The financial disclosure of former President Donald Trump may be released later this week.
On Tuesday, Senator JD Vance from Ohio unveiled details of his financial standing, reflecting a substantial net worth bolstered by a successful book and a brief involvement in venture capital funding.
The legally mandated Federal Election Commission (FEC) document filed by the Republican vice presidential nominee is significantly more straightforward compared to previous disclosures from his running mate. Notably, former President Donald Trump’s recent reporting consisted of over 100 pages. Trump has applied for two extensions for filing his 2024 report, with the latest deadline looming later this week.
An analysis of Vance’s disclosure reveals that it encompasses assets similar to those reported in his individual Senate documents. Conservative estimates suggest that he and his spouse, Usha Vance, possess approximately $4 million in assets. Additionally, they have reported holding at least $250,000 in mortgage debt alongside a $500,000 line of credit through Charles Schwab.
Significant components of their asset portfolio include over $1 million invested in an Invesco Q index fund and various exchange-traded funds (ETFs) valued at around $500,000. Furthermore, they also declare possession of Bitcoin worth at least $250,000. Moreover, Vance evaluates the value of his interest in Narya Capital—his former venture firm—at no less than $500,000; he stepped down as partner after being elected to the Senate in December 2022.
The reporting system requires officials only to specify their assets and liabilities broadly which complicates precise calculations regarding their overall wealth. It is also worth noting that there is no obligation for them to state an estimate for their primary residence’s value. According to Forbes’ July assessment,Vance’s estimated net worth stands around $10 million.
A representative for Vance did not promptly reply when approached by Business Insider for additional comments regarding this information.
