OSenator JD Vance has been selected as Donald Trump’s running mate for the 2024 presidential election. After Trump announced the nomination at the Republican National Convention (RNC) on Monday, July 15, Vance shared his thoughts on X (formerly Twitter). “Simply overwhelmed with gratitude. What an honor it is to run alongside President Donald J. Trump,” Vance wrote. “He brought peace and prosperity once, and with your help, he will do so again. Here’s to winning!”
Vance, 39, made headlines after his memoirs Hillbilly Elegy was published in 2016. The book describes his childhood in rural Ohio in a community experiencing severe economic decline and has sold at least 1.6 million copies to date. Hillbilly Elegy was made into a film in 2020 and distributed by Netflix.
The Ohio senator was eventually able to advance his career by joining the Marine Corps straight out of high school, where he served as a combat correspondent. After completing his service, he earned a bachelor’s degree in political science and philosophy from Ohio State University before pursuing a law degree at Yale University.
After initially working as a law clerk for Senator John Cornyn and Judge David Bunning, Vance switched careers and became a venture capitalist, according to the Texas Tribune. In 2018, he and his wife Usha Chilukuri — who have three children together — bought a house in Cincinnati for $1.4 million. Today, its value is estimated at $1.8 million. ForbesBy 2021, Vance is expected to have between $3 million and $10 million in cash and venture capital investments, according to Forbes.
In early 2023, Vance and his wife purchased a second home in Alexandria, Virginia, for $1.6 million. That property is said to be worth $1.8 million today. Forbes estimates his total real estate value at $4 million.
Interestingly, it was reportedly the backing of a Silicon Valley billionaire that was particularly important in funding Vance’s political career. Peter Thiel, the co-founder of PayPal who Vance became close friends with after being hired by the venture capital firm Mithril Capital, which Thiel co-founded, donated $10 million to Vance’s senatorial campaign in March 2021, helping him launch his political career. Vance’s time in the venture capital world, which took off in 2015 when he joined Thiel’s firm, also allowed him to network with other high-profile figures, including Tesla founder Elon Musk and tech entrepreneur David Sacks, according to the New York Times. Just.
According to Forbes, Vance is “worth an estimated $10 million” today. The website Celebrity Net Worth, which also provides rough estimates of the net worth of various famous people, estimates that Vance is worth about $5 million today.
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