Joe Biden’s Net Worth: How Rich is the 46th President of America?

Joe Biden is the 46th president of the United States of America. He is an American politician. He is a member of the Democratic Party, and before he became president, he was Barack Obama’s vice president from 2009 to 2017. He also worked in the U.S. Senate for the state of Delaware from 1973 to 2009. But in this article, we’ll talk about how much Joe Biden will be worth in 2022.

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Early Life of Joe Biden

Joseph Robinette Biden Jr. was born in Scranton, Pennsylvania, on November 20, 1942. Joe grew up in a Catholic family with three siblings. When he was young, his family fell on hard times. In the 1950s, when the economy in Scranton was getting worse, his father couldn’t find work. In the end, Joe’s family had to move to Delaware, where Joe’s dad got a job selling used cars.

joe biden net worth

Joe Biden played football in high school and was also elected class president. During his time at the University of Delaware, where he studied both history and political science, he also played college football. In 1965, he got his Bachelor of Arts degree.

Joe went on to get a law degree from Syracuse University College of Law in 1968. At this time, he was famously accused of copying other people’s work. During the Vietnam War, Biden was able to put off his draught by going to school. Even though Joe had been an athlete his whole life, he was given a medical deferment when he graduated and became eligible again.

Net Worth of Joe Biden

Forbes says that Joe Biden has a net worth of $9 million. Together, Joe Biden and his wife, Jill, own two homes in Delaware worth a total of $4 million. They also have cash and investments worth another $4 million and a federal pension worth more than $1 million.

Also Read: Melania Trump’s Net Worth: Donald Trump’s Wife is Extremely Wealthy! 

Biden has had a steady income as a politician, but most of his money has come from book deals and fees for speaking. In 1979, when Biden first joined the Senate, he made $42,500 a year. By the time he left in 2009, he was making $169,300. As vice president, his salary went up to $230,700. As president, it will go up to $400,000.

Career Life of Joe Biden

Biden worked as a law clerk after he graduated from college. He then became a public defender and opened his own law firm. He got involved in politics for the first time in 1969 when he ran for a seat on the New Castle County Council. He won, and almost right away he set his sights on the US Senate.

Even though he was a clear underdog, he won the US Senate race in Delaware in 1972. He was one of the youngest senators in US history when he was elected at age 30. After being in the US Senate for a long time, Joe set his sights on the top job: the Presidency. In 1987, he ran for the Democratic nomination, but he got into trouble when a speech he gave was said to be copied from someone else. Biden finally dropped out of the race because of more problems.

joe biden net worth

Biden ran for the Democratic nomination again in 2008. Even though Biden’s campaign had many good points, his comments about Obama and Indian people turned out to be big mistakes. He also had a hard time getting money, and neither Hillary Clinton nor Obama took him seriously as a candidate. Still, Barack Obama made him vice president in the end. In 2008, he quit his job in the Senate to work for Obama’s government. In 2020, the Democrats chose Joe Biden as their candidate for president.

Salary Highlights of Joe Biden

Joe’s tax returns show that his income has changed over the years. He has given people access to his tax records, and the oldest ones are from 1998. He earned a total of $215,432 this year. Then, his income stayed around $200,000 until 2009, when income from social security and pensions made it go up by $55,000 per year.

When Joe Biden was getting ready to leave his job as vice president in 2016, he made about $400,000 a year. By 2017, that number had gone up by a huge amount, to $11 million. Things slowed down a bit for Biden in 2018, and he made a total of $4.6 million.

Debts of Joe Biden

Biden’s financial disclosure forms show that he has had trouble paying off his debts over the years. During those years, Biden’s home in Delaware was his only source of income.

joe biden net worth

He has used his house as collateral for more than one loan. Biden borrowed money against the cash value of his life insurance policies, which are worth up to $50,000, from 1983 to 2015. Disclosure forms from 2015 showed that he got a mortgage on his home in 2013 and owed between $500,000 and $1,000,000 on it.

Rental Income of Joe Biden

Federal financial reports also show that while Biden was vice president, Joe and Jill made $2,200 per month by renting their guest house to Secret Service agents. During this time, they made about $170,000 from renting out their homes.

Real Estate of Joe Biden

Joe’s main home is a house in the Greenville neighborhood of Wilmington, Delaware. The home looks out over a man-made lake that was built by wealthy du Pont family members. Joe and Jill paid $350,000 for their home in 1997. Homes in the area that are similar to this one have recently sold for just over $2 million.

joe biden net worth

Joe and Jill bought a vacation home with six bedrooms in Rehoboth Beach, Delaware, for $2.74 million in 2017. Between 2018 and 2019, the couple paid $20,000 a month to rent a $4 million mansion in McLean, Virginia.

Final Words

Joe Biden is the 46th president of the United States of America. He was Barack Obama’s vice president from 2009 to 2017. Before that, he worked in the U.S. Senate for the state of Delaware from 1973 to 2009. Joe Biden has a net worth of $9 million.