Joe Biden Net Worth and Salary
In this article, we will take a closer look at the net worth of Joe Biden, the 46th President of the United States. Joe Biden is an American politician who has had a long and successful career in public service. We will explore his financial journey, including his net worth over time, and discuss the components that make up his wealth.
Table: Joe Biden’s Financial Information
| | |
|——————————-|—————————-|
| Net Worth | $9 million |
| Salary | $400,000 per year |
| Birthdate | November 20, 1942 |
| Birthplace | Scranton, Pennsylvania |
| Gender | Male |
| Height | N/A |
| Profession | Politician |
| Nationality | American |
What is Joe Biden’s Net Worth?
Joe Biden has a net worth of $9 million. He accumulated his wealth through his extensive career in politics and public service. Biden served as a Senator from Delaware from 1973 to 2009 and later as the 47th Vice President of the United States from 2009 to 2017 under President Barack Obama. In 2020, he became the Democratic nominee for the U.S. presidential election and secured a landslide victory, becoming the 46th President of the United States.
Highlights
– Joe Biden has a net worth of approximately $9 million.
– He served as a Senator from Delaware from 1973 to 2009.
– Biden was the 47th Vice President of the United States from 2009 to 2017.
– In 2020, he became the 46th President of the United States.
Early Life
Joseph Robinette Biden Jr. was born on November 20, 1942, in Scranton, Pennsylvania. He was raised in a Catholic family and faced financial difficulties during his childhood. Biden’s father struggled to find work during an economic decline in Scranton and the family eventually moved to Delaware, where his father became a used car salesman.
During his high school years, Biden was involved in various activities such as joining the football team and being elected class president. He went on to attend the University of Delaware, where he double-majored in history and political science and played college football. Biden graduated with a bachelor’s degree in 1965 and later earned a law degree from Syracuse University College of Law in 1968.
Career
After completing his education, Joe Biden worked as a law clerk, a public defender, and eventually started his own law firm. He began his political career in 1969 by winning a seat on the New Castle County Council. In 1972, at the age of 30, Biden became one of the youngest senators in U.S. history after winning the U.S. Senate election in Delaware.
Biden’s career in the Senate spanned several decades, and he became a prominent figure in the Democratic Party. He made two unsuccessful attempts at gaining the Democratic nomination for the presidency in 1987 and 2008. However, he achieved national recognition when he was chosen as Barack Obama’s running mate and subsequently served as Vice President from 2009 to 2017.
In 2020, Biden once again ran for the U.S. presidency and secured the Democratic nomination. In November 2020, he defeated the incumbent President Donald Trump and became the 46th President of the United States.
Personal Life
Joe Biden has been married twice and has five children and seven grandchildren. He first married Neilia Hunter in 1966, and they had three children together: Hunter, Beau, and Naomi. However, tragedy struck in December 1972 when Neilia and Naomi died in a car accident.
In 1977, Biden married Jill Jacobs, and they have one daughter together named Ashley. Jill Biden is a teacher and currently serves as the First Lady of the United States. Throughout their marriage, Joe and Jill have faced numerous challenges, including the death of their son Beau in 2015.
Net Worth Over Time
Joe Biden’s net worth has changed significantly over the years. Before becoming Vice President in 2009, he frequently referred to himself as one of the “poorest” members of Congress, with a net worth less than $500,000. At the end of his term as Vice President, his financial disclosure revealed a net worth of $1.5 million.
After leaving the White House, Biden earned significant income from speeches and book deals. His income peaked in 2017, reaching $11 million. Between 2016 and 2019, Joe and Jill Biden earned close to $17 million.
Components of Net Worth
Joe Biden’s net worth primarily consists of income from various sources, including his salary as President of the United States, speeches, book deals, and other investments. Here are the key components of his net worth:
- Salary: As President of the United States, Biden earns a base salary of $400,000 per year. He is also entitled to additional allowances for travel expenses and entertainment.
- Income from Speeches: Biden has earned significant income from speaking engagements throughout his career. He has been paid hundreds of thousands of dollars for individual speeches and has given numerous talks since leaving the White House.
- Income from Book Deals: After leaving the Vice Presidency, Biden and his wife signed a lucrative three-book deal with a total value of $10 million. He has promoted his books through a nationwide book tour.
- Other Investments: Biden may have additional investments or assets that contribute to his overall net worth. However, specific details about his investment portfolio are not publicly available.
In conclusion, Joe Biden, the 46th President of the United States, has a net worth of $9 million. He has accumulated wealth through his extensive career in politics and public service. His net worth has been influenced by his salary as President, income from speeches and book deals, as well as other investments. Despite facing personal tragedies and financial challenges throughout his life, Biden has built a substantial net worth over time.