Since taking the position, Vance has presided over more than two dozen Republican National Committee fundraising events, bringing in upwards of $60 million, according to the New York Times.

Vance's unusual role channels the money he raises directly to the Republican Party, rather than through a personal political action committee that could bolster his own political ambitions.

But the RNC has an agreement with the Vice President to send five percent of the funds raised online from small donors to his Working for Ohio PAC, according to the report.

His fundraisers are well attended, with some of America's wealthiest billionaires flocking to meet the vice president, either hosting events or opening their wallets in support.

Among the most prominent figures in Vance's orbit are Republican donor Miriam Adelson, Google co-founder Sergey Brin, Palantir co-founder Joe Lonsdale, billionaire investor and podcaster Chamath Palihapitiya, hedge fund manager John Paulson.

Others include Blackstone co-founder Stephen A. Schwarzman, investor Jeff Yass, and Alex and Zach Witkoff. 

Hedge fund titan Paul Singer and billionaire heiress Rebekah Mercer have also been spotted at events with Vance.

Prior to being selected as Trump's running mate, Vance already had long relationships with tech moguls like Tesla and SpaceX CEO Elon Musk and venture capitalist Peter Thiel.

The Vice President has enjoyed close proximity with fundraiser attendees, and he even gives out his phone number to some of the more prominent donors he meets.

Donors are also positioning themselves close to the vice president as they increasingly view him as the heir-apparent to President Donald Trump.

Vance is also welcoming powerful and wealthy individuals to his residence in Washington, DC for private dinners to have conversations about politics, the Times reported.

Elsewhere, Vance has made several appearances alongside Charlie Kirk's widow, Erika Kirk, at various Turning Point USA events across the US, further cementing his profile as a prominent Republican public figure.