|Net Worth:||$9 million|
|Real Name:||Joseph Robinette Biden Jr.|
|Source of Wealth:||Real Estate, Senatorial Salary, Vice Presidential Salary|
|Country of Origin:||Scranton, Pennsylvania, U.S.|
|Age:||20 November 1942 (age 78 years)|
|Spouse:||Neilia Hunter ( m. 1966; died 1972) Jill Jacobs ( m. 1977)|
|Children:||Beau Hunter Naomi Ashley|
|Height:||5 feet 11 1⁄2 inches (182 centimeters)|
|Last Updated:||January 2021|
Known as the Middle-Class Joe, however, the ex-Vice President of the USA is a millionaire! Joe Biden, the former Vice President, released his financial statements. This happened at the beginning of his 2020 Presidential Campaign. The information included his federal tax returns and discourse for the three consecutive years – 2016, 2017, and 2018. According to Forbes, Joe Biden’s net worth contradicts his nickname.
What is Joe Biden’s Net Worth, a Candidate of USA Presidential Campaign!
It is estimated that the American politician’s net worth is hovering over $9 million. However, he has had a successful political career. He was the 47th Vice President of the United States of America. From 2009 to 2017, he had efficiently served beside Barack Obama. Previously, he had served as a Senator from 1973 to 2009 in Delaware. This year, he’s chosen as the Democratic nominee for the US Presidential campaign against Donald Trump.
Early Life of Joe
Joseph Robinette Biden Jr. was born in a Catholic family on November 20th, 1942. He was raised along with his other two siblings in Scranton, Pennsylvania. However, the young Joe’s family was in deep trouble when his father lost his job. This was the direct outcome of the economic decline in the 50s. Following the unemployment, the family moved into Delaware. Fortunately, Joe’s father landed a job as a used car salesman.
Since childhood, Joe always stood out from his class. He was the class president as well as a player on the school’s football team. He continued his game even in college. Joe has double-majored in political science and history. Finally, he graduated from the University of Delaware with an exemplary bachelor’s degree in 1965.
In 1968, Joe bagged a Law degree from the Syracuse University College of Law. However, he was infamously accused of alleged plagiarism in five out of fifteen pages. Consequently, he failed in his first year and successfully retook the exam. As a student, he received a letter of draft deferment during the Vietnam Era. Unfortunately, he was soon classified as unfit for the service due to his asthma.
Career Track Record
Since early ages, he has shown bright leadership skills. Therefore, it was evident that he would be walking towards leading the nation. Soon after finishing college, Joe started working as a law clerk. On gaining experience, he started acting as a public defender and successfully launched his law firm. It was in 1969 when he stepped into the political world. He contested for a seat on the New Castle County Council. He hit the jackpot on the first go and immediately set his eyes on the US Senate.
At the age of 30, he incredibly won the US Senate Election in 1972. Although he was an underdog, he secured his place in Delaware. In addition to this, he made history as the youngest Senator in the US! He reigned in the US Senate for a long time before setting his sights on the Presidency. He was running a campaign for the USA Presidency for the Democratic nomination.
It should be noted, he was already in trouble and accused of plagiarising a speech! Furthermore, he was wrapped in more profound controversy. Consequently, such incidents led to his withdrawal from the race.
Yet again in 2008, he positively led another presidential campaign. This time he had bright ideas and was favorable. However, due to his controversial statements on Indians and Barack Obama became a significant setback. Furthermore, he was already marked as a non-serious contender against Hillary and Obama. Nevertheless, Obama appointed him as his Vice President. Joe gave up his position as Senator and chose to serve as Vice President in 2008. As of 2020, Joe is set to run for the Democratic nominee again for the USA President.
According to his financial disclosure, at the end of his term, Joe Biden’s net worth was capped at $1.5 million. He released his documents after his service as Vice President ended. However, he always claimed to be the “poorest” members of the congress. He was in politics for many years, and even after being Vice President, he considered himself as Middle class. He claimed to have a net worth of less than $500,000.
Earnings from Speeches
According to the reports, Joe and his wife – Jill Biden, earned an amount of $15 million just from speeches. Besides speaking engagements, they earned through book deals. Joe had made a name as a public speaker. Due to his high demands, he often ended up charging thousands of dollars for a single speech. For instance, a lecture at Drew University in New York cost $190,000. And this is just one example in 2018. It is estimated he gave 40 speeches between 2017 and 2018. And each time he took payment in 6 figures.
His salary never maintained consistency. It was always an up and down motion. According to his financial data, his records go as early as 1998. In that year, he received $215,432. Till 2009, his salary was hovering over $200,000. However, post-2009, his income surged by $55,000 due to his pension and other social securities.
When his tenure was getting over in 2016, he was earning almost $400,000 annually on reading the tax returns. During his time as Vice President, there wasn’t any significant change. However, in 2017 his numbers were vividly adding $11 million to Joe Biden’s net worth! Following the next year, his earning got less. At the end of 2018, he received a figure of $4.6 million.
Rental Income and Estate
According to the tax returns, the couple made $2,200 per month through rents. Joe and Jill had rented out their guest house to the folks of Secret Services. This was a steady income while Joe held his Vice President position. As a whole, the couple earned a total of $170,000 during the tenure.
Their permanent residence in Greenville, Delaware, amounted to $350,000 in 1997. Furthermore, they bought a vacation home in Rehoboth Beach in Delaware. They paid $2.74 million for the 6-bedroom house in 2017.