It’s been a few years since Joe Biden started serving as the 46th President of the United States, inheriting a country that was going through a rough patch in terms of social, political, and economic challenges. Prior to his victory, he had served as Vice President in the Obama administration for eight years, and prior to that, he was a senator for Delaware for more than 36 years. Today, Joe Biden is one of the most recognizable figures in the United States and the world. But what exactly is Joe Biden’s net worth in 2023, and what does his biography reveal about him?
Early Life and Education
The 46th President of the United States was born on November 20, 1942, in Scranton, Pennsylvania. During his early life, his family struggled with financial difficulties. He graduated from the University of Delaware in 1965 with a double major in history and political science. In 1968, he graduated from Syracuse Law School.
Political Life
Biden began his political career in 1972 when he was elected to the U.S. Senate as a Democrat from Delaware. Biden served as senator until his vice-presidential election in 2008. During his time as senator, he was a part of several committees such as the Committee on Foreign Relations, the Committee on the Judiciary, and the Committee on Environmental and Public Works. He also had two unsuccessful presidential runs, one in 1988 and another in 2008.
Vice Presidency
During his time serving as vice president, Biden got a salary of $230,700 per year. His primary responsibility was supporting President Barack Obama’s administration in domestic and foreign affairs. He also chaired the White House Task Force to Prevent Gun Violence and was a major voice in the passage of the American Recovery and Reinvestment Act of 2009.
Current net worth
Currently, Joe Biden’s net worth is estimated to be around $9 million, primarily from the book royalties and government pension income that he earned after his time in the White House came to an end. According to an April 2021 financial disclosure report, he has assets valued between $1.2 million and $2.8 million. The report also reveals that he carries no debt and has two Delaware homes.
Possible increases or decreases in net worth
Joe Biden’s current net worth will most likely stay the same or increase in the coming years. He has some significant speaking engagements scheduled in the coming months and is also rumored to have a book planned for release. Additionally, he could receive royalties from any movies or documentaries based on his life.
Joe Biden’s future earnings
Joe Biden earns $400,000 annually as a U.S. president, making him one of the highest-paid presidents in history. It is worth noting that he has also pledged to donate a significant portion of his earnings to charity. During his presidency, he is likely to earn from book deals and speaking engagements, which could amount to millions of dollars.
Comparison between Joe Biden and other presidents
It’s worth comparing Joe Biden’s net worth to other U.S. presidents. According to Business Insider, Joe Biden’s net worth of $9 million is less than his predecessor, Donald Trump, who is worth approximately $2.5 billion. Barack Obama, on the other hand, is worth around $70 million. But compared to many of the presidency’s earlier leaders, Biden has relatively modest earnings.
Personal Life
Biden is a family man and has been married twice. His first wife, Neilia, and their daughter were killed in a car accident after his first senate term. He then married Jill Tracy Jacobs in 1977. Together, they have a daughter, Ashley. He also has two sons from his first marriage, Beau and Hunter Biden.
FAQs
1. What is Joe Biden’s current net worth?
A: As of 2023, Joe Biden’s net worth is estimated to be around $9 million.
2. What is Joe Biden’s primary source of income?
A: Joe Biden’s primary sources of income are his book royalties and government pension income.
3. How does Joe Biden’s net worth compare to other U.S. presidents?
A: Joe Biden’s net worth is significantly less than Donald Trump’s, who is worth approximately $2.5 billion. Barack Obama is worth around $70 million.
4. How much does Joe Biden earn as a U.S. president?
A: Joe Biden earns $400,000 annually as a U.S. president.
5. Does Joe Biden have any debt?
A: Joe Biden has no debt as of his latest financial disclosure report.