Joe Biden Net Worth: Joe Biden, the 46th President of the United States, has a lengthy and accomplished career in public service that covers decades.
Beyond his political achievements, many people are curious about his financial situation and how his wealth has changed over time. In this article, we’ll look at Joe Biden’s net worth, political career, and much more.
Who is Joe Biden?
Joseph Robinette Biden Jr. is an American politician who has been the 46th and current President of the United States since 2021.
He was a Democratic Party member who served as President Barack Obama’s 47th vice president from 2009 to 2017. He previously represented Delaware in the United States Senate from 1973 to 2009.
Joe Biden Net Worth
President Biden is now worth an estimated $10 million, up from $8 million when he first took office. The growth has nothing to do with family business dealings in distant countries. Instead, he builds up wealth by doing what many 80-year-old Americans do: sitting on real estate.
The president owns two residences in Delaware valued an estimated $7 million combined, which is $1.8 million more than when he began office.
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Joe Biden Political Career
Biden was elected to the Senate from Delaware in 1972 at the age of 29, making him one of the youngest senators in history. His first wife, Neilia, and their small daughter, Naomi, were killed in a car accident just weeks after his election, which inspired his decision to travel to the Senate via train.
During his career in the Senate, Biden headed many government committees, including the Foreign Relations Committee and the Judiciary Committee. He ran for president twice, in 1988 and 2008, before winning. Biden served as President Barack Obama’s vice president from 2009 to 2017. He began his term as President of the United States.
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Joe Biden Real Estate
Biden’s wealth comes primarily from real estate, in addition to his salary as president and other sources of income.
Biden owns two houses in Delaware, one of which is a nearly 5,000-square-foot vacation home worth an estimated $4.5 million, according to Forbes. The other is a property in Wilmington, Delaware, valued at $2.5 million.
Biden’s Book and Speaking Engagement Royalties
Biden has already earned millions from book royalties and speaking engagements. According to Forbes, the Bidens earned more than $15 million in the two years after Obama’s presidency, primarily through book deals and speaking engagements.
During the same period, Biden received more than $540,400 for his position as a “Benjamin Franklin Presidential Professor of Practice” at the University of Pennsylvania.
Conclusion
In conclusion, Joe Biden’s net worth reflects his lengthy and distinguished career in public service, as well as his efforts outside of politics.
From his early days in the Senate to his tenure as Vice President and now President, Biden has amassed a comfortable financial wealth, mostly through real estate investments, book agreements, and speaking engagements.