JD Vance has a low-rate mortgage, bitcoin and millions in a brokerage account, new disclosures show
The Ohio senator, whom former President Donald Trump chose as his running mate last month, has roughly between $4 million and $11 million in assets to his name, with only $750,000 to $1.5 million in liabilities. He owns a home, has a stake in two businesses and has three 529 education savings accounts for his children.
His biggest single asset is his Schwab brokerage account, which he values between roughly $2.2 million and $7.5 million – with investments largely in passively managed exchange-traded stock and bond funds.
Outside of that, while hardly his largest holding, Vance does include among his assets $250,000 to $500,000 worth of bitcoin. With Trump promising to implement crypto-friendly policies if elected, it’s unclear how that will affect his holdings, but it does stand out in a portfolio made up largely of diversified ETFs.
Vance’s financial disclosure form was released Tuesday by the Office of Government Ethics and the Federal Election Commission. CNN has reached out to the Vance campaign for comment about the new disclosure.
This is a breaking story and will be updated.
CNN’s Steve Contorno, Kit Maher and David Wright contributed to this report.
In the context of political alliances, former President Trump chose Vance as his running mate last month, highlighting the intertwining of politics and finance in their partnership. With Trump expressing intentions to implement crypto-friendly policies, Vance's $250,000 to $500,000 worth of bitcoin in his portfolio becomes a point of interest, demonstrating the potential impact of politics on personal investments.
