Joe Biden’s Net Worth: How Rich the President Is and What He Owns

September 24, 2022
Joe Biden's net worth
25
Views

Joe Biden’s net worth is thought to be between $8 and $9 million, and he has made more than $17 million during his time in politics.

As the 46th President of the United States, Biden is also the least popular President in history. His approval ratings are going down in Q4 of 2021.

Joe Biden’s Early years

Joe Biden's net worth

Joe Biden Jr. came into the world on November 20, 1942. Joseph Robinette Biden Sr. and Catherine Eugenia “Jean” Biden brought him to St. Mary’s Hospital in Scranton, Pennsylvania, where he was born. Joe has one sister and two brothers. They grew up in Claymont and Mayfield, both in Delaware, when they were young.

Biden’s father sold used cars for a living and made enough money to give his family a middle-class life. Biden wasn’t a good student, but as a running back on his high school football team, he stood out.

On August 27, 1966, Biden married Neilia Hunter. He had two sons and a daughter with her. His wife and daughter died in a terrible car accident in 1972, and his son Beau died of brain cancer in 2015. His only heir now is his son Hunter. In 1977, Biden married Jill, who is still his wife.

Joe Biden Education

Joe Biden went to school at Archmere Academy in Claymont. In his junior and senior years, he was the president of his class. Biden finished high school in 1961, and he chose to go to college at the University of Delaware in Newark.

After a boring time in college, Biden graduated in 1965 with a BA in political science and a minor in English. Joe also had a stutter when he was young and in his teens. He says he got rid of his stutter in his 20s by reading poetry in front of a mirror.

How did Joe Biden get to where he is now?

During his time in politics, Joe Biden built up his wealth. In 2017, Biden and Jill made $11.1 million from speaking engagements, book sales, and fees and royalties. In 2018, they made $4.6 million, $1 million in 2019, and $630,000 in 2020.

Biden has made more than $17 million in his lifetime, but his current net worth is only a small part of that. Reports say that the President paid $7 million in taxes, gave $1.3 million to charity, paid $80,000 in mortgage interest, and paid $170,000 in staffing fees.

People are looking into what Joe Biden did during his time in office. He and his son Hunter may have been involved in deals between an energy company in Ukraine and companies in China that could have made them millions of dollars, according to allegations.

The Bidens also own two houses in Delaware. One is a family home worth more than $1 million, and the other is a beach house worth at least $2.7 million, according to estimates.

How much money does Joe Biden have now?

It is said that President Biden is worth $9 million right now, which is a lot more than he was worth earlier in his career. This number, which was estimated by Forbes and figured out in 2019, is based on the fact that President Biden and his wife, First Lady Dr. Jill Biden, own two homes in Delaware worth $4 million, have cash and investments worth $4 million, and have a federal pension worth more than $1 million.

Before Joe Biden became president, he and Jill Biden released their tax returns from 2016 to 2018. These showed that they paid about a third of their income in taxes in 2017 and 2018 ($3.7 million and $1.5 million, respectively) and that they gave a lot of money to charity in 2017 and 2018 ($1 million and $275,000, respectively).

On May 17, 2021, President Biden and Dr. Jill Biden released their tax returns for 2020. They had a federal adjusted gross income of $607,336 and paid $157,414 in taxes. Here, you can find out more about their most recent tax returns (opens in new tab). And if you were wondering, Vice President Kamala Harris is thought to be worth about $6.3 million. (opens a new window) She also shared here her and Second Gentleman Doug Emhoff’s tax returns for 2020. (opens in new tab).

Runs for president and vice president

Biden ran for the Democratic nomination for president in 1988, but he gave up after it was found that parts of his campaign speech were stolen from British Labour Party leader Neil Kinnock without proper credit.

His campaign for president in 2008 never got off the ground, and he quit after coming in fifth in the Iowa Democratic caucus in January of that year. See United States Presidential Election of 2008 for news about the 2008 election.

After Barack Obama got enough delegates to win the Democratic nomination for president, Joe Biden became the most likely choice to be Obama’s running mate for the White House. Obama made it official on August 23 that Biden would be the Democratic Party’s vice presidential nominee. On August 27, Obama and Biden won the nomination for the Democratic Party.

On November 4, John McCain and his running mate, Sarah Palin, lost to Barack Obama and Joe Biden. Biden also easily won re-election to his seat in the U.S. Senate. He quit his job in the Senate just before taking the oath of office on January 20, 2009, as vice president. Mitt Romney and Paul Ryan, who were running as Republicans, lost to Obama and Biden in November 2012. This means that Obama and Biden were reelected for a second term.

The 2020 election for the president

Biden stayed active in politics and spoke out against President Donald Trump. Biden himself was criticised when, in 2019, several women accused him of touching them in an inappropriate way, especially by hugging and kissing them. Even though his answer, “I’m sorry I didn’t understand more,” was laughed at by many, I don’t feel bad about anything I’ve ever done. I’ve never meant to be rude to a man or a woman,” he said, and his popularity stayed high. As rumours grew that he would run for president in 2020, Biden announced in April 2019 that he would run as a Democrat, joining a crowded field.

Read Also : What is a Spotify pie chart, and how can I see my own genre pie?

Article Categories:
News · political

Add your post in just 2 minutes :)

X