The current President of the United States, Joe Biden is one of the most known global political figures. Born on 20th November 1942, you may want to know Joe Biden Net worth. He is also the 47th Vice-President of the United States.
In this article, we will cover all details about Joe Biden’s life and net worth.
Early Life of Joe Biden
Joe Biden was born in Scranton, Pennsylvania. He received his bachelor’s degree from the University of Delaware in 1965. Apart from that, he also has a degree in law from Syracuse University. After he graduated from law school, Biden also returned to Delaware to work as an attorney.
Biden initially wanted to suspend his political career, but he is moving forward. As a Senator, he also took it forward to get his race continuing, and today he is the President of the country.
What is the current Joe Biden Net worth?
The present net worth of Joe Biden is higher than all his earlier ones as he has a net worth of $9 million. His real estate was hailed to be one of the most prominent sources of income. Back in 2019, Joe Biden’s real estate helped him get a portfolio of $4 million via real estate. His federal pension was more than that of $1 million. Furthermore, his cash and investments were more than $4 million.
Biden has always made it efficient to clear about his income stances. When he took over the President’s office, he also released his tax returns from 2016 to 2018 that clearly state that he had paid a majority of his income as taxes. The statement also had mention of the charity.
Biden had always played an important role in ensuring that he released the tax returns. Following his tradition, he also released the tax tradition for both himself and Dr. Jill Biden till 2020 on 17th May 2021. In the statement, complete information was given about tax returns.
His Life Before Becoming the President
Prior to becoming the President, Joe Biden served as a Vice President. However, very few people know what he did before becoming the VP.
Before becoming the VP, Biden was the Senator. He was a Senator from 1973 to 2009. Over the years, his salary saw a massive increase during his tenure. He has completely mentioned his Senator’s historical record. Apart from that, while becoming the Vice President, his position saw a rise in his salary.
During his tenure as a Senator in the later period, he earned around $174,000 per year. However, after becoming the Vice President, his raise was around $230,000 every year. Therefore, we cannot deny that he was very successful. While there are no proper records of how much he is earning as a President, it can surely be determined that he is one of the most successful and popular global political figures. It was a huge political achievement when he overthrew Trump and took office.
Book Deals and Speaking Engagement
It is said that after leaving his VP office, Biden made a huge amount of money via speaking engagements and book deals. In 2019, he released the financial disclosure. His book signing deals made him exclusively famous. In 2017, his gross income was around $11 million, whereas that for 2018 was $4.6 million. Apart from the multi-book deal, Biden also had a significant income, mostly from his speaking engagements.
For each speech, his charge was around $100,000. However, this charge also significantly varied from $40,000 to $190,000. Apart from paid speaking engagements, Biden also took an active part in unpaid ones. Most of his unpaid speaking engagements were a part of his citing campaign.
Biden has always been very upfront and frank about his earnings and investments. Therefore, he has had disclosures that played an important role in helping everyone know his net worth. He was working at the University of Pennsylvania as a professor. His subject of interest was Penn Biden Center for Diplomacy and Global Engagement.
What led to Biden making so much money?
Considering the net worth that Biden has today, it has always been a question as to what led him to make so much money. Biden’s source of inspiration has always been his father, Joe Biden Sr. Biden Sr. was running a division for American Oil. Apart from that, he was a successful entrepreneur. Nonetheless, according to the memoirs, the entrepreneurship mindset of Biden led to the family becoming impoverished post which he started selling cards.
President Biden started off his career by working in a law firm. His success led him to become one of the youngest senators. Biden always said that Dr. Biden’s service at the community colleges led him to make so much money.
What is the salary of Joe Biden as a President?
One of the most debatable topics is Joe Biden’s salary as a President. According to the United States law, every President needs to be paid a certain salary. The Presidential salary of Congress usually has been $200,000 to $400,000. Apart from that, the President is also eligible to receive some amount for entertainment and travel accounts. As per the law, only the salary of the President will be taxable and not any other assets.
A bit to know about Dr. Biden- The First Lady
Despite the success of Joe Biden as a President, Dr. Biden still aims at working towards as a teacher. She will, however, continue her run to be the first lady. In an interview, she had expressed her desire to teach even if she got into the White House. One of the main aims for doing so was to help people understand how important teachers and what their contributions have been. Dr. Biden’s passion has led her to become the only First Lady with a doctorate and a paid job.
Joe Biden is one of the most loved Presidents of America. He overthrew Trump by a huge number. When Joe Biden won the seat, entire America looked blue- a color represented by Biden.