Joe Biden is an American politician. He served as a Senator from the year of 1973 to 2009. By the way, how much is Joe Biden’s net worth? If you want to know that information, keep reading this entire article.
Joe Biden’s Net Worth
As of 2021, Joe Biden’s net worth is estimated to be approximately $9 million. From 2009 to 2017, Joe served as the 47th Vice President of the United States under President Barack Obama. In the year of 2020, he became the Democratic nominee for the United States presidential election, running against Donald Trump. Later, in November 2020, Joe defeated Donald Trump in a landslide victory (both electorally and in the famous vote) to become America’s 46th President.
When his term as Vice President ended, his last financial disclosure pegged his net worth at $1.5 million. For many years before becoming Vice President, he frequently called himself as one of the poorest members of the congress, or middle class Joe, with a net worth less than $500,000. After leaving the White House, Joe Biden earned significant income mainly from speeches and book royalties, peaking in the year of 2017 with income of $11 million. Between 2016 and 2019 alone Joe Biden and Jill could earn a shade under $17 million.
How did Joe Biden make his money?
Joe Biden who had a big impact on his son, came from wealth, his father ran a division of American Oil. While Joe Biden set out as an entrepreneur and had some business failures, leaving the family impoverished according to his son’s memoir. Eventually, Joe Biden discovered work as the seller of the cars and his family settled in Delaware, where they remain to this day. Joe Biden completed his work-study program to attend Archmere Academy in Claymont.
Joe Biden worked at a law firm after married with first wife named Neilia. Then, he became one of the youngest senators to be elected, with a starting salary at about $42,500 a year (It is about $250,000 in today’s dollars, adjusted for inflation). Joe Biden started releasing his tax forms in the year of 1998, that indicated they made money from his Senate salary. Also, Jill’s work in the community colleges contributed to their overall salary. She has has been an educator for more than 3 decades. In the year of 2009, Joe’s senator salary was $169,300. Then, his salary as President Obama’s vice president averaged around $225,000 every year.
How much did Joe make money as Vice President?
When Joe Biden ended his term as Vice president officially, he filed a financial disclosure form which listed his net worth. As Vice President, he earned approximately $225,000 every year. However then, in the two years later, apparently that couple made more than $15 million in speaking fees, book tours, and leadership at the Penn Biden Center for Diplomacy and Global Engagement at the University of Pennsylvania. They were able to make more donations and pay off one of their own mortgages, one is still outstanding, as well as a line of credit for one of their sons, and also purchase a new property in Rehoboth Beach.
What is Joe Biden’s salary as President?
The law of US states that the United States president has to be paid a salary while in office. In the year of 2001, Congress raised the presidential salary from $200,000 to $400,000, and also added an extra expense allowance of $50,000 a year. Aside from that, the president accepts a $100,000 nontaxable travel account and $19,000 for refreshing or holiday. The presidential salary is taxable, however the other added expenses are not.
Also, we are able to expect to see his wife Jill Biden continuing to teach while serving as the first lady. She told CBS that if we get to the White House, she will continue to teach. It is very important. She wants people to appreciate the teachers, know their contributions, and lift up the profession. This was going to make her the only first lady to hold a paid job and also the first to have a doctorate degree.
Joe Biden’s Real Estate
Joe Biden’s primary residence is a home in the neighborhood of Greenville in Wilmington, Delaware. That home overlooks a man-made lake which was formerly built by wealthy members of the du Pont family. In 1997 Joe Biden and Jill purchased their home for $350,000. Similar homes in the area have sold for a bit more than $2 million. In the year of 2017, Joe Biden and Jill paid $2.74 million for a vacation home in Rehoboth Beach, Delaware. Between 2018 and 2019, they rented a $4 million mansion in McLean, Virginia, paying $20,000 per month.
Early Life of Joe Biden
Joseph Robinette Biden Jr. or simply well known as Joe Biden was born on November 20th of 1942 in Scranton, Pennsylvania. He raised alongside three siblings in a Catholic family. Joe Biden’s family fell on hard times when he was young. During the 1950s, his father could not discover work in the midst of an economic decline in Scranton. Finally, the family had to move to Delaware, where Joe’s father became a used car salesman.
During his high school years, Joe joined the football team and then he was elected class president. Also, he played college football once he attended the University of Delaware while double-majoring in history and political science. In the year of 1965, he graduated with a bachelor’s degree.
We get information that Joe Biden moved on to the Syracuse University College of Law, where he obtained a law degree in 1968. During this time, he was very famously accused of plagiarism. As a student, Joe Biden was able to defer his draft during the Vietnam era. Once he graduated and became eligible once more, Joe Biden received a medical deferment for asthma, despite he was being an athlete all of his life.
Well, this is an explanation about the net worth of Joe Biden, and some information related to Joe Biden. If you have any questions, just comment in the section below.