CNN
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Republican vice presidential candidate JD Vance is in a very good financial position considering he has only just turned 40, according to new disclosures from U.S. federal authorities.
The Ohio senator, whom former President Donald Trump picked as his running mate last month, has assets ranging from $4 million to $11 million, while only has liabilities ranging from $750,000 to $1.5 million. He owns a home, has interests in two businesses and has three 529 education savings accounts for his children.
His largest asset is his Schwab brokerage account, which he estimates to be between $2.2 million and $7.5 million – most of which is invested in passively managed exchange-traded stock and bond funds.
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That being said, while it’s far from his largest holding, Vance owns between $250,000 and $500,000 worth of Bitcoin. With Trump promising to implement crypto-friendly policies if elected, it’s unclear how this will affect his holdings, but it stands out in a portfolio largely made up of diversified ETFs.
The three 529 accounts that Vance lists for his children have a total value between $31,000 and $115,000.
Vance also lists checking and savings accounts valued between $315,000 and $815,000 that earned interest income between $5,000 and $16,000 from the beginning of 2023 through the time of filing.
For his residential properties, Vance lists a property valued between $500,000 and $1 million and reports that it will generate rental income between $15,000 and $50,000 starting in 2023.
On the liabilities side of his balance sheet, Vance lists just two items: a 30-year mortgage worth $250,000 to $500,000 at an interest rate of just 3.85 percent and a line of credit worth $500,000 to $1 million at an interest rate of 6.58 percent that he can draw on when he needs it.
Vance’s financial disclosure form was released Tuesday by the Office of Government Ethics and the Federal Election Commission.
Also included on the senator’s disclosure form was a list of his wife, Usha Vance’s, accounts and fund investments. She said she holds between $100,000 and $250,000 in a Vanguard 2050 Target Date Pension Fund, between $15,000 and $50,000 in an S&P 500 exchange-traded fund and up to $45,000 in a checking account, a money market account and a brokerage sweep account.
This story has been updated with additional information.
CNN’s Steve Contorno, Kit Maher and David Wright contributed to this report.
