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Joe Biden Net Worth - The World's Most Powerful Man

Politician from the United States Joe Biden net worth is $9 million. From 1973 through 2009, Joe represented Delaware in the Senate.

After thereafter, from 2009 to 2017, he served as President Barack Obama's 47th vice president.

He was selected by the Democratic Party to challenge Donald Trump for the presidency of the United States in 2020.

He easily beat Donald Trump in November 2020, winning both the electoral vote and the popular vote to become the 46th President of the United States.

Top 7 Quick Facts About Joe Biden

NameJoe Biden
Date Of BirthNov 20, 1942
GenderMale
Height6 ft (1.83 m)
ProfessionLawyer, Politician
NationalityUnited States of America
Net Worth$9 Million

Joe Biden Personal Life

Joe Biden With His Wife
Joe Biden With His Wife

Jill Jacobs, a University of Delaware student who was eight years his junior, and Biden first crossed paths in 1975.

The Biden family was accepted by her, and Beau and Hunter fell in love with her. As a result, the boys told their father, "We think we should marry Jill."

In 1977, the pair was married. In 1981, their daughter Ashley was born. Beau and Hunter were raised by Jill as her own children, helping the family to get back on its feet.

Beau's death in May from brain cancer marked the second family tragedy for Biden in 2015.

In 2016, Biden had been thinking about running for president, but he was unsure about his capacity.

Biden achieved his best polling performance in six months in August 2015. His favorability ratings were greater than anyone running for office in either party, including Hillary Clinton, the presumptive Democratic nominee.

He outperformed Clinton in voter surveys in the pivotal states of Pennsylvania, Ohio, and Florida and received excellent marks for dependability, honesty, and empathy.

Momentum was growing, and Biden's presidential run was prominently discussed in the media.

Biden declared on October 21, 2015, that he had chosen not to run, but given that he was still in sorrow and that Obama supported Clinton, he did so.

Joe Biden Career

Joe Biden At A Conference
Joe Biden At A Conference

After graduating from college, Biden worked as a legal assistant before becoming a public defender and opening his own practice.

He entered politics for the first time in 1969 when he ran for a position on the New Castle County Council. After winning the election, he quickly turned his attention to the US Senate.

Despite being by far the underdog in the Delaware US Senate race of 1972, he prevailed.

He was one of the youngest senators in US history at the age of thirty. Joe set his sights on the presidency after spending a considerable amount of time in the US Senate.

He attempted to win the Democratic candidacy in 1987, but he was challenged for allegedly copying a speech.

Later, after further controversy, Biden withdrew from the contest. Biden made another bid for the Democratic candidacy in 2008.

Despite the fact that Biden's campaign had many positive aspects, his remarks on Barack Obama and Indians turned out to be grave mistakes.

He struggled to raise money and was never a credible opponent for either Obama or Hillary Clinton.

But in the end, he was appointed vice president by Barack Obama. He resigned from the Senate in 2008 to work in Obama's administration. Joe Biden was chosen by the Democrats to be their presidential candidate in 2020.

Joe Biden Net Worth

According to Joe Biden's most recent financial statement, when his tenure as vice president came to an end, his net worth was $1.5 million.

He would regularly describe himself as "middle class Joe," one of the "poorest" members of congress, or "middle class" for many years before becoming vice president.

His net worth was less than $500,000. After leaving the White House, he made a good living mostly from speeches and book royalties, reaching a high of $11 million in 2017. Joe and Jill earned somewhat less than $17 million between 2016 and 2019 alone.

Joe Biden Presidential Salary

Joe Biden receives a basic salary of $400,000 as President of the United States, in accordance with Title 3 of the US Code.

In addition, he qualifies for a $19,000 yearly entertainment stipend, a $100,000 nontaxable travel account, and a $50,000 annual expenditure account.

The Bidens received a $100,000 stipend to be utilized for decorating before moving into the White House.

Joe Biden Debt

Financial disclosure documents have made clear Biden's history of debt struggles. Biden's Delaware house was his only source of income at the time.

He has borrowed against his home several times. Biden took out loans from 1983 through 2015 using the maximum $50,000 cash value of his life insurance plans.

He took out a mortgage on his house in 2013, according to disclosure documents made public in 2015, and owing between $500,000 and $1 million on it.

Joe Biden Incomes

Income From Speeches

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

As a result of his popularity as a public speaker, Biden often receives hundreds of thousands of dollars for a single speech.

For instance, in 2018 he received $190,000 for a single speech at Drew University in New Jersey.

He delivered 40 presentations in total between 2017 and 2018, earning five or six figure salaries each time.

Income From Book Deals

Biden and his wife negotiated a $10 million, three-book contract when he departed the Vice Presidency.

Joe promoted Promise Me, Dad, his book on the passing of his son, with a book tour. He made well over 40 stops.

VIP tickets (which included a photo with Biden) priced $450 while regular tickets were $25.

Rental Income

Additionally, according to federal income reports, Joe and Jill made $2,200 a month by renting out their guest house to Secret Service agents when Biden was vice president. They received rental revenue of around $170,000 throughout this time.

Joe Biden Lifestyle

Joe Biden Smiling
Joe Biden Smiling

Real Estate

Joe has a house in Wilmington, Delaware's Greenville area that serves as his primary abode.

The house looks out upon a man-made lake that the du Pont family's rich ancestors initially constructed.

For $350,000, Joe and Jill purchased their house in 1997. Recently, comparable houses in the neighborhood have gone for little more than $2 million.

Joe and Jill spent $2.74 million on a six-bedroom getaway in Rehoboth Beach, Delaware, in 2017.

The pair spent $20,000 per month from 2018 to 2019 renting a $4 million property in McLean, Virginia.

Car Collection

The 46th and current president of the United States is an American politician named Joseph Robinette Biden Jr. As the 46th President of the United States, Joe Biden, took the oath of office, we decided to have a look at his collection of automobiles and discover why the official state car is the most guarded in the world.

Biden was raised around cars since his father had a car business in Delaware for 34 years.

Although it mostly sold Chrysler cars, the dealership also briefly oversaw Ford's corporate operations.

Joe's father let the young boy operate a few of the vehicles in the garage, which is possibly where his passion for cars originated.

1951 Studebaker Champion $20,000
1952 Plymouth Cranbrook Convertible $19,000
Mercedes-Benz 190SL $150,000
1967 Corvette Stingray $3.85 million
The Beast $1.5 million

Top 7 Facts About Joe Biden's Finances

  • Was regularly one of the Senate's poorest members.
  • Has a $1.5 million reported net worth when he departed the White House in 2016.
  • Earned $11 million in 2017, primarily from book advances.
  • 2017 revenue of $4.6 million.
  • Jill Biden is a college lecturer who makes $100,000 annually.
  • Joe's speaking fees range from $100 to $200,000.
  • In her capacity as a professor at Northern Virginia Community College, Jill Biden receives $100,000 annually.

People Also Ask

How Many Trips Has President Biden Taken?

Since taking office on January 20, 2021, Joe Biden, the 46th president of the United States, has been to 12 different nations on 6 separate occasions. He has also visited the West Bank.

How Many Years Can A President Serve?

The amendment limits a president's term to 10 years. A person who succeeds to the presidency without an election and holds the position for less than two years is eligible to run for two consecutive terms; otherwise, they can only hold the position for one elected term.

What Is President Biden's Car Called?

The official state automobile of the United States president is known by the nicknames "the Beast," "Cadillac One," and "First Car"; its code name is "Stagecoach."

Conclusion

Most likely, Joe Biden will remain in the Oval Office for an additional two years. This indicates that Joe Biden's net worth will continue to increase for a few more years just until reaching a saturation point.

Hunter Biden, son of Joe Biden, has recently made headlines for all the wrong reasons, which will reveal the methods behind the Biden family's wealth.

Joe Biden's family did not leave him a sizable inheritance. This indicates that Joe Biden acquired his full net worth while serving as a senator and president of the United States.

Joe Biden is making a sizeable monthly income because to his prudent investments in the stock market and real estate, which will keep his fortune growing.

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