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Forbes Daily Briefing

Here’s How Much J.D. Vance Is Worth​​

Forbes Daily Briefing

Forbes

Careers, Business, News, Entrepreneurship

4.612 Ratings

🗓️ 17 July 2024

⏱️ 5 minutes

🧾️ Download transcript

Summary

By telling the world about his impoverished upbringing, Trump’s vice presidential pick made a small fortune—and planted seeds for a political future.

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Transcript

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0:00.0

Here is your Forbes Daily Briefing for Wednesday, July 17th.

0:05.0

Today on Forbes, here's how much J.D. Vance is worth.

0:10.0

Donald Trump and his running mate, J.D. Vance, come from two different Americas.

0:15.0

In Trump's, fathers start passing down real estate fortunes to their kids when they are toddlers.

0:20.0

In Vance's, fathers don't even leave kids with their last names.

0:25.0

Raised mostly by his mother's parents, the Vances, J.D. Vance catapulted himself from

0:30.8

Rust Belt Poverty to Coastal High Society with a degree from Yale Law School,

0:36.0

a marriage to another lawyer, and the publication of Hillbilly Elegy, a memoir about Vance's upbringing.

0:42.4

The book came out in the summer of 2016,

0:44.0

just as Donald Trump was surging in the polls,

0:46.0

leaving liberals searching for something

0:48.0

to explain Trump's popularity in Middle America.

0:51.0

Hillbilly Elegi Elegi made Vance rich. It reportedly sold money. Middle he is worth an estimated $10 million.

1:03.3

Given where he started, it's a remarkable sum,

1:06.3

one that solidifies Vance's place in circles

1:08.7

that might have made his younger self uncomfortable.

1:12.2

Vance's maternal grandparents moved from Jackson, Kentucky to Middletown, Ohio as part of the 1950s mass migration to industrial centers.

1:20.0

His grandfather worked in an Armco steel plant his whole career and they raised three kids.

1:26.0

That included Vance's mother, who had Vance, her second child in 1984 at age 23 with her second husband.

1:33.0

Vence's father was largely out of the picture early.

1:36.0

Vence's childhood was chaotic, laced with dropouts, alcoholics, and violence,

1:41.0

problems he chucks up to both structural factors, economic and security,

...

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