Even though President Joe Biden once described himself as the “poorest man in Congress”, his net worth is $17 million.
As a vice president, he was earning $230,700. Now as president, he earns higher.
Because he has been in politics for a long and had lots of experience, Biden was elected the 46th president of the United States on Nov. 7, 2020. Read to the end to get more details.
Date of Birth: Nov. 20, 1942
Net Worth: $17 million
Main Sources of Income: Book deals and speaking fees
Career Highlights: 46th president of the U.S.
According to Forbes. Biden and his wife, Jill’s wealth includes two Delaware homes valued at $4 million combined, cash and investments worth an additional $4 million, and a federal pension worth over $1 million.
He made a large chunk of his wealth from book deals and speaking fees. His starting salary in the Senate was $42,500 a year in 1979; when he left the Senate in 2009, he was making $169,300. As vice president, his salary shot up to $230,700; he’ll be earning $400,000 as president. At the moment ND of his tenure, he will earn more.
President Biden’s first memoir, “Promises to Keep,” earned him $71,000 in royalties and $9,500 for audiobook rights in 2008. It’s nothing compared to what he has earned since leaving the White House.
From 2017 to 2019, he earned more than $15 million, according to tax filings reviewed by Forbes. Biden’s earnings here include an $8 million book deal, $1.8 million from book tour events, $2.4 million in speaking fees, and $775,000 from the University of Pennsylvania to lead the Penn Biden Center for Diplomacy and Global Engagement as the Benjamin Franklin presidential professor of practice.
Biden’s political highlights:
I voted for the bill that became the Violence Against Women Act (VAWA), which addressed domestic abuse and violence.
Voted to authorize military intervention in Iraq. However, he later criticized the conflict.
Assisted in the passing of the 2010 Affordable Care Act.
This is the epic moment. He was elected president of the United States.
Joe Biden’s Political Career
In 1972, Biden was elected to the Senate from the state of Delaware. Then, he was just 29 years old. He is one of the youngest senators in history. Unfortunately, his first wife and young daughter were killed in an accident some weeks after his appointment. This was so sad for him and he decided to commute to the Senate by train.
Furthermore, as Senator, Biden presided over lots of government boards. Also, he served as chairman of the Senate Foreign Relations Committee and the Senate Judiciary Committee. In the past, he ran for president twice in 1988 and 2008. He was the vice president under President Barack Obama from 2009 to 2017.
He became the United States President on Inauguration Day, Jan. 20, 2021.