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Joe Biden Net Worth

What is Joe Biden’s Net Worth In 2024?

The political figure from the United States, Joe Biden, is worth nine million dollars. From 1973 to 2009, Joe Biden represented Delaware as a senator. Next, under President Barack Obama, he was the 47th Vice President of the United States from 2009 to 2017. He was nominated by the Democrats in 2020 to challenge Donald Trump in the U.S. presidential race. He emerged as America’s 46th President in November 2020 after trouncing Donald Trump in a landslide (both in the electoral and popular vote counts).

Biden declared in April 2023 that he will seek reelection to the presidency in 2024.

Presidential Salary Of Joe Biden

Joe Biden receives a base income of $400,000 as President of the United States, per Title 3 of the U.S. Code. In addition, he is eligible for a $19,000 annual entertainment stipend, a $100,000 nontaxable travel account, and a $50,000 annual expenditure account. The Bidens received $100,000 before moving into the White House to be utilized for interior design.

Joe Biden Financial History Of Joe Biden

For many years before he was elected vice president, he would frequently characterize himself as one of the “poorest” members of Congress, with a net worth of less than $500,000. According to financial declarations dating back to 1998, Joe and his spouse Jill made an average of about $215,000 annually until 2009, when pensions and Social Security benefits gave them a $55,000 bump. Upon reaching their latter years as Vice President and First Lady, the Bidens’ annual salary had increased to approximately $390,000.

In his final financial disclosure, Joe Biden stated that he was worth $1.5 million at the end of his vice president tenure.

He made a substantial living following his departure from the White House, primarily from talks and book royalties, reaching a $11 million revenue peak in 2017. From 2016 to 2019, Joe and Jill made less than $17 million.

Early Life Of Joe Biden

On November 20, 1942, Joseph Robinette Biden Jr. was born in Scranton, Pennsylvania. Joe was raised in a Catholic home with three siblings, and during his early years, the family experienced financial hardship. His father was unemployed in the 1950s as Scranton’s economy was collapsing. The family was forced to relocate to Delaware eventually, where Joe’s father started working as a used car dealer.

Joe Biden played football for his high school team and won the class president title. While double majoring in political science and history at the University of Delaware, he also played collegiate football. He earned his bachelor’s degree in 1965.

Life Of Joe Biden

He was infamously accused of plagiarism around this time. During the Vietnam War, Biden was able to postpone his draft. Despite always being an athlete, Joe was granted a medical deferment for asthma when he graduated and regained eligibility.

Political Career Of Joe Biden

Following graduation, Biden worked as a law clerk before beginning his legal practice and serving as a public defender. After winning the 1969 race for a New Castle County Council seat, he quickly turned his attention to the U.S. Senate, marking his first political involvement.

Despite being the obvious underdog, he prevailed in the 1972 U.S. Senate election in Delaware. He was among the youngest senators in U.S. history, having only turned thirty. After serving a lengthy term in the U.S. Senate, Joe’s ultimate goal was to become President. He sought the Democratic nomination 1987, but his campaign was derailed when charged with speech plagiarism. Eventually, more controversies forced Biden to drop out of the race.

Biden made another attempt to win the Democratic nomination in 2008. While Biden’s campaign had many positive aspects, his remarks against Barack Obama and Indians turned out to be grave mistakes. Joe Biden was the Democratic Party’s 2020 presidential nominee.

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Income Fro Speeches Of Joe Biden

Since leaving the White House, Joe and Jill have made at least $15 million from book sales and speaking engagements. As a result of his rising popularity as a speaker, Biden frequently receives hundreds of thousands of dollars for a single speech. For instance, he received $190,000 for a single speech at New Jersey’s Drew University in 2018.

Income From Book Deal Of Joe Biden

Following his departure from the Vice Presidency, Biden and his spouse inked a $10 million, three-book contract. Joe took a book tour to promote Promise Me, Dad, a book he wrote about the death of his son. He stopped more than forty times. Standard tickets were $25, and VIP tickets (with a picture with Biden) were $450.

Salary Of Joe Biden

Joe’s tax filings show that his income has changed over time. His tax records are available, with the earliest ones coming from 1998. This year, he made $215,432 in total. After that, his annual income hovered around $200,000 until 2009, when social security and pension income contributed an additional $ 55,000.

That amount had increased significantly to $11 million by 2017. Things calmed down a little in 2018 when B Den made a total of $4.6 million.

Marriages and Children Of Joe Biden

Joe Biden wed Neilia Hunter in 1966. Together, Joe and Neilia had three children: Beau and Hunter Biden. Tragically, an automobile accident in December 1972 claimed the lives of N ilia and their one-year-old daughter, Naomi.

Joe and Jill Jacob were paired together on a blind date in 1975. Ashley is the daughter they had together after getting married in June 1977. Biden has seven grandchildren in all.

Real Estate Of Joe Biden

The principal residence of Joe Biden is located in Wilmington, Delaware’s Greenville area. The wealthy du Pont family originally built the mansion facing an artificial lake. In 1997, Joe and Jill paid $350,000 for their home. A little over $2 million has recently been paid for comparable properties in the neighbourhood. A vacation house in Rehoboth B ach, Delaware, with six bedrooms, was purchased by Joe and Jill in 2017 for 2.74 million.

Rental Income Of Joe Biden

Furthermore, federal income reports show that Joe and Jill earned $2,200 monthly from renting their guest house to Secret Service members during Biden’s vice presidential campaign. During this time, they made roughly $170,000 in rental income.

Conclusion

In conclusion, Joe Biden’s net worth is a multifaceted topic beyond numbers. It involves carefully examining his political journey, public service, and the intersection of wealth and politics. Understanding these elements gives a more nuanced perspective on the 46th President’s financial standing.

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