Although President Joe Biden once said he was the poorest man in Congress, he actually has a net worth of $17 million. But as a vice president, he was earning $230,700. Now as president, he earns higher.
Due to his extensive political experience and long tenure in the field, Biden secured his position as the 46th President of the United States on November 7, 2020.
Keep on reading as this article provides you with all the necessary information’s you need to know about president Joe Biden.
President Joe Biden Date of Birth
Joe Biden whose full name is (Joseph Robinette Biden Jr.) was born in Nov. 20, 1942 in Scranton, Pennsylvania, during the II World War raged overseas.
Joe Biden is the first child of Catherine Eugenia and the oldest in the a Catholic family of the large Irish descent.
Joe Biden has three siblings, Valeria his sister and his two brothers Francis and James.
President Joe Biden Net Worth
During the four years he was not in office, President Joe Biden accumulated a total income of $17.3 million. However, despite this substantial earnings, his estimated net worth stands at around $8 million.
Main Sources of Income
Book deals and speaking fees
46th president of the U.S.
As reported, Biden and his wife, Jill, possess a total wealth of $4 million from two homes in Delaware, along with additional cash and investments valued at $4 million.
Furthermore, Biden holds a federal pension exceeding $1 million.
A significant portion of his wealth comes from book deals and speaking fees. When he began his Senate career in 1979, his annual salary was $42,500.
However, by the time he left the Senate in 2009, his income had risen to $169,300.
As vice president, his earnings saw a substantial increase to $230,700, and now as the president, he receives $400,000 annually.
Furthermore, as his presidency progresses, his earnings will continue to rise.
In 2008, President Biden garnered $71,000 in royalties and an additional $9,500 for the rights to his audiobook from his debut memoir, “Promises to Keep.”
However, these earnings pale in comparison to what he has accumulated since his departure from the White House.
Between 2017 and 2019, his income exceeded $15 million, according to the examination of his tax filings.
Within this timeframe, Biden’s earnings encompass an $8 million book deal, $1.8 million from book tour engagements, $2.4 million from speaking engagements.
Furthermore, $775,000 was granted by the University of Pennsylvania for his role as the Benjamin Franklin Presidential Professor of Practice, leading the Penn Biden Center for Diplomacy and Global Engagement
President Joe 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.
President Joe Biden’s Political Career
Back in 1972, Biden secured a Senate seat representing Delaware, a role he assumed at the age of 29.
This made him one of the youngest individuals ever to hold such a position. Tragically, shortly after taking office, he faced a devastating loss when his first wife and young daughter lost their lives in an accident.
This heart-wrenching incident led him to choose commuting to the Senate via train as he coped with the profound sadness.
Furthermore, during his tenure as a Senator, Biden took on the responsibility of overseeing numerous government boards.
Notably, he held the positions of chairman for both the Senate Foreign Relations Committee and the Senate Judiciary Committee.
In earlier years, he pursued the presidency in two separate campaigns, one in 1988 and the other in 2008.
Moreover, he assumed the role of Vice President under President Barack Obama, serving from 2009 to 2017.
He became the United States President on Inauguration Day, Jan. 20, 2021.