What is Joe Biden Net Worth ?
Joe Biden is an American politician who has a net worth of $9 million. Joe served as a Senator from Delaware from 1973 to 2009. He then served as the 47th Vice President of the United States under President Barack Obama from 2009 to 2017.
In 2020, he became the Democratic nominee for the U.S. presidential election, running against Donald Trump. In November 2020 he defeated Donald Trump in a landslide victory (both electorally and in the popular vote) to become America’s 46th President.
According to Title 3 of US code, as President of the United States, Joe Biden earns a base salary of $400,000. He is also entitled to a $50,000 annual expense account, a $100,000 nontaxable travel account and a $19,000 annual entertainment stipend. Before moving into the White House, the Bidens were granted $100,000 to be used for redecorating.
Joe Biden Wealth Details
When his term as Vice President ended, Joe Biden’s last financial disclosure pegged his net worth at $1.5 million. For many years before becoming VP, he would frequently refer to himself as one of the “poorest” members of congress, or “middle class Joe”, with a net worth less than $500,000. In the years after leaving the White House he earned significant income mainly from speeches and book royalties, peaking in 2017 with income of $11 million. Between 2016 and 2019 alone Joe and Jill earned a shade under $17 million.
Joseph Robinette Biden Jr. was born on November 20th of 1942 in Scranton, Pennsylvania. Raised alongside three siblings in a Catholic family, Joe’s family fell on hard times when he was young. During the 50s, his father couldn’t find work in the midst of an economic decline in Scranton. Eventually, the family had to move to Delaware, where Joe’s father became a used car salesman.
During his high school years, Joe Biden joined the football team and was elected class president. He also played college football when he attended the University of Delaware while double-majoring in history and political science. He graduated in 1965 with a bachelor’s degree.
Joe moved on to the Syracuse University College of Law, where he earned a law degree in 1968. During this time, he was famously accused of plagiarism. As a student, Biden was able to defer his draft during the Vietnam era. When he graduated and became eligible once more, Joe received a medical deferment for asthma, despite being an athlete all of his life.
After college, Biden worked as a law clerk before acting as a public defender and starting his own law firm. He first became involved in politics in 1969 when he ran for a seat on the New Castle County Council, winning the election and setting his sights on the US Senate almost immediately.
According to Joe’s tax returns, the Bidens earned the following amounts in recent years:
2017: $11 million
2018: $4.6 million
Federal financial disclosures also show that Joe and Jill earned $2,200 per month by renting out their guest house to members of the Secret Service while Biden was vice president. In total, they earned about $170,000 in rental income during this period.
Joe’s primary residence is a home in the neighborhood of Greenville in Wilmington, Delaware. The home overlooks a man-made lake that was originally built by wealthy members of the du Pont family. Joe and Jill bought their home in 1997 for $350,000. Similar homes in the area have recently sold for a bit more than $2 million. In 2017, Joe and Jill paid $2.74 million for a six-bedroom vacation home in Rehoboth Beach, Delaware. Between 2018 and 2019, the couple rented a $4 million mansion in McLean, Virginia, paying $20,000 per month.