How much is President Joe Biden Net Worth?
Joe Biden, who some may know by his nickname ‘Middle- Class Joe’ is actually a millionaire! The former Vice -President is now the current President of the United States of America. Want to know how much he is networth and how he managed to make all of it in his career?
Here’s everything you need to know about the 46th President of American, Joe Biden:
|BORN||NOVEMBER 20TH, 1942|
|NATIONALITY||UNITED STATES OF AMERICA|
|HEIGHT||6 FT (1.83 M)|
|SOURCE OF WEALTH||POLITICIAN, LAWYER|
|NET WORTH||$9 MILLION|
Joe Biden is an American Politician and a Lawyer, who is currently the President-elect of the United States of America. The 78- year- old defeated former President Donald Trump in the presidential elections of 2020.
Biden has served as vice president from the years 2009 to 2017. Between these years, he represented Delaware in the United States Senate. As of 2021, Joe Biden Net Worth is estimated to be around $9 million.
Joseph Robinette Biden AKA he was born in Pennsylvania on 20th November 1942.
He is the oldest son of Catherine and Joseph Biden Sr. He has 2 younger brothers and one sister named Valerie, Francis, and James. Joe’s father had English, French and Irish ancestry.
Joe Biden’s father was initially stable and wealthy but had to suffer some financial setbacks after he was born. Their family lived with Biden’s grandparents for many years.
Biden began his career when he started practicing at a Law firm, while also being active on the political scene as a member of the Democratic Partin in 1970. In the year 1972, Joe ran for the United States of America Senate. At the age of just 29, Biden succeeded in becoming the 5th youngest US senator to be elected in the history of the United States nation.
The first few years were difficult for Biden in terms of managing his political career but after a while, he started to gain the respect of his colleagues by fulfilling his political duties well.
In 2009, Barak Obama became the President of America, and he played a major role in helping the President to stabilize the economy of America in the global economic recession. Both of them proved to be very popular amongst the United States citizens, and in his second term, He was elected to head the Gun Violence Task Force by Obama.
In 2019, Joe finally announced his bid for the Democratic Presidential Nominee Candidate for the elections of 2020. The same year, he announced that he has chosen Kamala Harris as his running mate for the upcoming elections.
Biden defeated former President Donald Trump and is now the 46th President of the United States of America. As of 2021, Joe Biden Net Worth was calculated to be roughly $9 million.
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Income from Speeches and Book Deals:
After Biden left the United States White House, He and Jill Biden earned an estimated amount of $15 million from just speaking engagements and from book deals. He became an in-demand public speaker who often earned huge money, and we’re talking hundreds of thousands of dollars for just a single speech.
He earned $190,000 for giving one speech at Drew University in New Jersey, back in 2018. In total, he delivered around 40 to 50 speeches in between the years 2017 to 2018, receiving an estimated 5 to 6 -figure paydays each time.
When Biden left the office of Vice Presidency, he with his wife Jill, signed a three-book deal worth $10 million. After he wrote a book about his son’s death titled ‘Promise me Dad’ he promoted it with a tour. Biden made more than 40 stops, in which basic tickets cost $25, whereas VIP tickets which included a picture with Joe Biden himself cost $450.
How Does President Joe Biden Spend his Money?
Current President Joe Biden has an impressive Net Worth and he definitely loves to spend his money on lavish cars and real estate.
Joe Biden House:
Biden is the owner of a marvelous home in Greenville, Delaware, which he purchased back in1996 for $350,000. Now, the mansion is estimated to be worth $1 million. He also bought a 2.7 million beach house in Delaware in 2017.
In the year 2017, Joe and Jill Biden paid almost $2. 74 million for a six-bedroom vacation home at the Rehoboth Beach in Delaware. In 2018, the couple also rented a $4 million mansion in Mclean Virginia, for which they paid $20,000 per month.
The 78- year- old has several Corvette Cars in his lavish collection. He owns a 1967 Corvette Convertible, a Corvette GS, a Cadillac Limousine, and a GMC Yukon.
Joe Biden Debt:
Financial Disclosure forms have shown that the current President has struggled a lot with debts over the years as well. During those years, his only financial asset was his house in Delaware, so he took out multiple loans against his home.
In between the years 1983 to 2015, Biden borrowed cash value of his life insurance policies that were valued at approximately $50,000. The reports also revealed that Biden took out a mortgage on his Delaware house back in 2013, and owed almost 500,000 to 1 million dollars on the property.
Joe Biden Instagram: https://www.instagram.com/joebiden
Joe Biden Twitter: https://twitter.com/JoeBiden
The Federal Financial Disclosures stated that the couple Joe and Jill Biden earned almost $20,000 each month by renting out their own guest house to members of the Secret Service while he was the Vice-President of the United States. During that period, the celebrity couple earned about $170,000 in rental income.
Major Highlights of Joe Biden’s Career:
Down below are some of the major career highlights of President Joe Biden:
- He served as the 47th Vice President of United States during Barak Obama administration (2009- 2017)
- Biden received the Golden Medal of Freedom from Kosovo.
- He announced to be a candidate in the 2020 Presidential Election.
- Time Person of the Year, in 2020.
KEY FACTS ABOUT JOE BIDEN:
- Biden was consistently the poorest member of the Senate.
- When he left the White House in 2016, he reported having a $17 million Net Worth.
- He earned $11 mainly from his book deals in 2017.
- In 2017, he earned $406 million more.
- He earns an estimated amount of $100,000 as a college professor.
- He earns around $100- 200,000 per speech.
Joe Biden Net Worth:
Before Joe Biden became the President of the United States of America, he served as the 47th Vice President of the country. He served as the Senator from the years 1973 to 2009. Over this course, the 78- year –old has managed to become a millionaire.
Before becoming the Vice President, Biden often referred to himself as the ‘poorest’ member of the Congress or called himself ‘Middle- class Joe’ as he had a net worth less than $500,000. After he left the White House, Biden earned a significant amount of cash from delivering speeches and book royalties. In 2007, his income was approximately $11 million.
As of 2021, Joe Biden Net Worth is estimated to be around the figure $9 million.