Joe Biden is the 46th President of the United States and has been in office since January 20, 2021. He has a long history of public service, serving as a United States Senator from Delaware for 36 years before becoming Vice President under Barack Obama from 2009 to 2017.
With his extensive career in politics, many people are curious about Joe Biden’s net worth.
According to Forbes, Joe Biden’s net worth is estimated to be around $10 million as of 2024. Biden’s wealth comes from his salary as a senator and vice president, as well as from book deals and speaking engagements. Despite his wealth, Biden has often been referred to as “Middle-Class Joe” due to his humble beginnings and focus on working-class issues.
Joe Biden’s Career Earnings
Joe Biden’s net worth has been a topic of interest since he entered the public eye. Biden has had a long and successful career in politics, spanning over four decades. Throughout his career, he has earned a significant amount of money through various roles and engagements.
Senate Salary
Biden served as a United States Senator for Delaware from 1973 to 2009. During his time in the Senate, he earned a salary that ranged from $42,500 in 1973 to $169,300 in 2008.
Adjusted for inflation, his salary in 2008 would be approximately $192,500 in today’s dollars.
Vice Presidential Earnings
In 2009, Biden was sworn in as the 47th Vice President of the United States under President Barack Obama. As Vice President, he earned an annual salary of $230,700. Biden served in this role for two terms, from 2009 to 2017.
Post-Vice Presidency Engagements
After leaving office, Biden continued to earn money through various engagements.
According to Forbes, Biden earned $17.3 million between January 2017 and December 2020. This included speaking fees, book deals, and consulting work.
One notable source of income for Biden was his book deal for “Promise Me, Dad: A Year of Hope, Hardship, and Purpose.” The book, which was published in 2017, earned Biden a reported $8 million advance.
In addition to his book deal, Biden also earned money through speaking engagements. He reportedly earned up to $200,000 per speaking engagement, with some estimates putting his total earnings from speaking engagements at over $10 million.
Overall, Joe Biden’s career earnings have been significant, with a combination of salary, book deals, and speaking engagements contributing to his net worth.
Investments and Assets
Real Estate Holdings
Joe Biden’s real estate holdings have contributed significantly to his net worth.
According to Business Insider, the Bidens’ primary residence is a 6,850-square-foot home in Wilmington, Delaware, which is worth an estimated $2.5 million.
They also own a vacation home in Rehoboth Beach, Delaware, which is worth an estimated $2.7 million. In addition, they have a rental property in Wilmington, Delaware, which generates income of approximately $15,000 per year.
Stock Market Investments
Joe Biden’s stock market investments are another source of his wealth.
As reported by Forbes, Biden’s financial disclosure in 2021 showed that he had investments worth between $1.2 million and $2.8 million in a variety of stocks and mutual funds.
Some of the companies in which he has invested include Apple, Amazon, and Johnson & Johnson.
Book Deals and Speaking Fees
Joe Biden has also earned money from book deals and speaking fees. In 2017, he received a $8 million advance for his memoir, “Promise Me, Dad,” according to Forbes.
In addition, he has earned millions of dollars in speaking fees since leaving office as Vice President. According to Town & Country, he earned $540,000 in speaking fees in 2019 alone.
Overall, Joe Biden’s investments and assets have contributed significantly to his net worth. While his real estate holdings are worth millions of dollars, his stock market investments and earnings from book deals and speaking fees have also helped to increase his wealth.