Joe Biden Net Worth: Political Career & Lifestyle

Joseph Robinette Biden, also known as Joe Biden, is the 46th president of the United States of America who has a net worth of $9 Million.

In 2020, Joe Biden was elected as the Democratic presidential nominee, running against Donald Trump.

In November 2020, he defeated Donald Trump in a landslide (both electorally and in the popular vote).

Biden launched his campaign for President in 2008 but eventually withdrew, becoming the 47th Vice-President during Barak Obama’s government (from 2009 to 2017).

Joe Biden married Neilia Hunter in 1966, but she passed away in 1972.

In 1972, he got married to Dr. Jill Jacobs after seeing her for two years.

Quick Facts

Here are some quick facts about Joe Biden

Joe Biden: Net worth and Income

Joe Biden is an American politician and Current POTUS with a $9 million net worth.

He would frequently refer to himself as “Middle-class Joe” as he was apparently the most inferior congress member in terms of wealth.

The narrative of how Biden became wealthy after leaving office as vice president by using his reputation to sell books and give speeches has been repeated many times.

Thanks to a few prosperous years on the book and lecture circuit, Biden has acquired a $9 million fortune.

He currently owns two residences valued at more than $4 million (net debt) and has at least $950,000 in cash.

Salary

Joe’s wages have changed throughout the years. He has made his tax records public, with the earliest data dating back to 1998.

He earned a total of $215,432 throughout this year.

His annual income remained at $200,000 until 2009 when it grew by $55,000 owing to social security and pension payments.

Joe Biden was making around $400,000 a year in 2016, as he was ready to leave office as Vice President.

By 2017, the figure skyrocketed to $11 million. Biden’s earnings dropped marginally in 2018, with a total of $4.6 million.

Biden is also a professor at the University of Pennsylvania, where he earns over $400,000 a year and is the founder of The Biden Center for Diplomacy and Global Engagement.

Income From Speeches

Joe and Jill have made at least $15 million from speaking appearances and book sales since leaving the White House.

Biden has become a sought-after public speaker, with single speeches fetching hundreds of thousands of dollars.

In 2018, he was paid $190,000 for a speech at Drew University in New Jersey.

From 2017 to 2018, he made 40 lectures and was paid in the 5 or 6-figure range each time.

Income from Book deals

Biden and his wife secured a $10 million, three-book contract after leaving the Vice Presidency.

In addition, Joe went on a book tour after authoring Promise Me, Dad (a book about his son’s death).

He made a total of 40 stops. Primary tickets were $25, while VIP tickets were $450 and included a picture with Vice President Biden.

There’s the money Biden has gained from marketing his best-selling book “Promise Me, Dad,” which was released in 2017.

According to his recent financial declarations, Biden was paid anywhere from $8,000 to $90,000 for a single book-tour stop.

According to Forbes, the book tour brought around $1.8 million.

Public speaking engagements added $2.4 million to the couple’s net wealth, with Jill’s speaking earnings adding another $700,000.

According to CNBC, Biden received $190,000 in March 2018 for a talk at Drew University in New Jersey.

According to tax forms, the pair made more than $15 million through book royalties, speaking engagements, and professor of practice payments supplied by the University of Pennsylvania beginning in 2017.

Furthermore, The Bidens earned the following amounts in recent years, according to Joe’s tax returns:

$400,000 in 2016

$11 million in 2017

$4.6 million in 2018

$944,737 in 2019

Rental Income

According to federal financial reports, Biden and Jill made $2,200 a month renting out their guest house to Secret Service members when he was vice president.

They generated about $170,000 in rental income during this time.

Real Estate

According to the Washington Post, the Bidens also just rented a magnificent property in McLean, Virginia.

They began renting it in 2017 after stepping down as vice president.

In June 2019, Biden’s campaign referred to the rental amount for the vast 12,000-square-foot mansion with marble finishes, a gym, sauna, and ample parking for 20 automobiles as “significant.”

According to Zillow, the monthly rent for the residence was roughly $20,000.

It appears the Bidens has not done anything else to increase their wealth besides Politics and book publications.

While Biden has declared that he will not invest in individual stocks to avoid ethical conflicts of interest in his position.

He has also declared that he will not engage in diversified mutual funds, typically recommended by ethics experts to avoid conflicts of interest.

The Bidens have less than $200,000 in mutual funds housed within a variable annuity.

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Debt

Biden’s house in Delaware was his only financial asset. He has several debts secured by his home.

From 1983 until 2015, Biden borrowed up to $50,000 against the cash value of his life insurance policies.

According to disclosure forms filed in 2015, he took out a mortgage on his house in 2013 and owed between $500,000 and $1 million on the property.

Biden Lifestyle and Houses

According to the Washington Post, the Bidens’ principal abode is a mansion they constructed over 20 years ago in Wilmington, Delaware.

The lakefront home is estimated to be about 7,000 square feet in size.

They paid $350,000 for the house in 1997, but Stephen Mottola of Long & Foster Real Estate told The Wall Street Journal that it is now worth at least $2 million.

In 2017, the Biden family also bought a $2.7 million seaside house in Delaware.

The waterfront property has a total square footage of 4,800 square feet.

The Biden campaign’s dress history displays strategy and discipline.

It’s broken down into three separate and well-defined stages.

He has seldom appeared without a tie or anything other than a black suit since being elected as POTUS.

His ties were frequently striped, which is acceptable for a President but lacks the seriousness of a solid hue.

True connoisseurs remarked that the stripes on his necktie ran from the wearer’s upper right to lower left, as is customary in the United States.

Visitations made By Joe Biden after Presidency

President Biden attended a wreath-laying ceremony at Arlington National Cemetery’s Tomb of the Unknown Soldier following his inauguration.

Mr. Biden visited injured service members at Walter Reed National Military Medical Center.

Similarly, President Joe Biden paid a visit at the National Institutes of Health’s headquarters in Bethesda, Maryland.

Likewise, President traveled to his home state of Delaware for the first time since taking office.

Moreover, he also arrived in Columbus via John Glenn Columbus International Airport as part of his “Help is Here Tour.”

Furthermore, President Biden paid homage to US servicemen slain in the “war on terror” at Section 60 of Arlington National Cemetery.

Charity

Joe Biden presented $1,000 to St. Joseph on the Brandywine Catholic Church of Greenville, Delaware,  last year.

The Bidens also donated $1,500 to the First Lady’s church, Westminster Presbyterian in Wilmington, part of the Presbyterian Church (USA).

Similarly, Biden contributed to a food bank, a fire station, a firefighter organization, a church in South Carolina, and two catholic charities that serve the needy after his son died in 2015.

He also gave the Beau Biden Foundation for the Protection of Children and a non-profit that helps military families.

In 2020, the Bidens reported giving out a total of $30,704, or about 5% of their $607,000 income.

The Bidens’ most significant contribution to the Beau Biden Foundation was $10,000.

They also donated $2,250 to the Ministry of Caring, a Franciscan friar-founded refuge for mistreated spouses.

Valerie Owens, Joe Biden’s sister, worked for the organization for almost 35 years and was on the board of directors at one point.

The Bidens presented $1,000 to Morris Brown African Methodist Episcopal Church in Charleston, South Carolina, which neither of them routinely attends.

Morris Brown is a historic Black church where Biden apologized for his cooperation with segregationists during his time in the US Senate during the Democratic primary campaign.

 3 Facts about Joe Biden

• Joe Biden was a football player in high school. He played wide receiver and halfback for the unbeaten Archmere Academy football team in 1960, was a leading scorer for the elite Catholic school’s unbeaten football squad.
• Joe was sworn into the United States Senate in a hospital.
• He ran for president three times.

FAQs

What is the net worth of Vice-President Kamala Harris?

The net worth of Kamala Harris is 6.3 million dollars.