Joe Biden Net Worth
Democratic candidate and former Vice President Joe Biden have been promoting himself as “Middle-Class Joe” for decades; However, he and his wife, Jill, have a net worth of $9 million.
The couple’s fortunes are primarily related to public speaking engagements and royalties from their books, according to tax returns and financial disclosures published by Biden’s campaign and available on the campaign’s website.
According to Forbes, Donald Trump’s real-time fortune is valued at $2.5 Billion, making him the first billionaire tenant in the White House in January 2017.
The net worth of Trump leaves disadvantage Biden in power and fortune is because the Democrat, who at one time was called “the man poorest in Congress, ” has formed an estate with several hundred million less like politician, writer, speaker, and real estate investor.
How Much is Joe Biden Net Worth 2020?
According to Forbes, joe Biden net worth is $9 Million. The former vice president of the United States in the administration of Barack Obama, along with his wife Jill Biden.
His estate includes two Delaware homes worth $4 million combined, plus investments and cash of about $4 million, plus a federal pension of $1 million.
How did Biden make his Net Worth?
Before being a candidate for the US presidency, Biden was a senator between 1973 – 2009 and vice president in the administrations of Barack Obama, between 2009 – 2017.
As a senator, Biden earned $174k a year, according to Senate records. When he won the vice presidency, his annual salary increased to $30k.
The Democratic candidate’s net worth was estimated from his financial information and state and federal tax returns for 2016, 2017, and 2018.
In the 2019 returns it was revealed that Joe and Jill had received $985k in adjusted gross income and paid close to $300k in taxes, while in the 2020 return released a few days ago, the couple showed that they had directed a third of their income in 2017 and 2018 to taxes ($3.7 and $1.5 million) and that they also donated around $1.27 million in both years.
Life after the vice presidency brought Biden moneymaking earnings from various jobs outside of politics.
According to their 2019 statements, Biden and his wife had earned more than $15 million between 2018 – 2019 through multi-book deals for Publishers Weekly’s Flatiron Books and through lectures.
AP notes that Biden received between $40k to $ 190k per conference, although many of them he gave within the United States were not paid for what did not appear in his statements, indicates The New York Times.
How much will Biden earn from being elected president?
According to Cornell University School of Law, Joe will obtain a salary of $400k per year that will be paid monthly, in addition to an allowance for expenses of $50k to cover the expenses related to the “performance of their official duties.”