Joe Biden Net Worth

Joe Biden once described himself as the poorest man in Congress. His nickname, middle-class Joe, was once true, but middle-class Joe is actually quite a millionaire. So, how much is the Joe Biden net worth? You’re going to be amazed when you find out!

Joe Biden Net Worth

Joe Biden might have started out as a middle-class man, but he is now worth an estimated $9 million. However, some websites declare that Joe Biden’s net worth is far higher, at $15-20 million. Let’s take a look at everything you need to know about Joe Biden’s net worth. 

Early Life Joe Biden

Joe Biden, born Joseph Robinette Biden Jr., was born in Pennsylvania on November 20, 1942, to Joseph Biden Sr. and Catherine Biden. He has three siblings: Valerie, Francis, and James. 

After Joe was born, the family began to struggle financially, resulting in his parents moving in with Joe’s grandparents for a time until they were more financially stable. 

Education

Joe Biden attended the University of Delaware, where he studied both political science and history. Biden achieved his bachelor’s degree in 1965. 

After that, Biden began to study law at the Syracuse University College of Law. He graduated with a law degree in 1968. Biden was accused of plagiarism during this time, but that doesn’t seem to have held him back. During the draft, he was able to defer being drafted when he was in college. After achieving his degree, the athlete received another deferment for having asthma. 

Career

Biden began his early career practicing at a law firm, but he was very active on the political scene. Joe Biden was extremely active as a member of the Democratic Partin in 1970. By 1972, Biden was ready to try his hand at politics and ran for a seat in the United States Senate, leading to him being the youngest member to be elected to the senate at 29 years old. Most didn’t respect Biden due to his young age, but within a year he quickly gained respect within the Democratic Party. 

In 1987, Biden set his site on the presidency and ran as the Democratic candidate. However, there were problems when he was accused of plagiarizing a speech. Then, more controversies began to circle around the potential presidential candidate, leading to him dropping out of the race. For example, Biden was accused of exaggerating his academic successes. 

He began as a candidate against future President Barack Obama and Hillary Clinton but was no match for either Democratic candidate. When Barack Obama was elected as president in 2009, Joe Biden was his vice president. Most remember him for his assistance during the Great Recession. The next presidential election saw Biden and Obama running, and winning again. Joe Biden was appointed head of the Gun Violence Task Force. 

President Joe Biden then won the 2020 presidential election with Kamala Harris as his running mate after defeating Donald Trump.

Other notable moments in Joe Biden’s career are: 

• Biden was the vice president during the Obama administration
• He was given the Golden Medal of Freedom in 2009 by Kosovo
• Named the Time person of the year in 2020

Joe Biden’s Net Worth

Joe Biden began his vice presidency with a couple of million dollars, as most people who spend their lives as politicians do. However, after he left the office, his net worth skyrocketed. It’s much more than he could possibly have with a vice president or presidential salary, even though Joe Biden’s salary is $400,000 per year as president. 

Most of the fortune earned by President Biden and his wife Jill Biden actually happened after he left office as vice president. Joe Biden began to use his former terms as vice president to land speeches and a book gig from Sterling Lord Literistic, which made them a whopping $71,000 in royalties in one year alone. 

Even senator Biden had a side job teaching at Widener University, helping him generate even more money. 

His wife Jill also had a teaching job at Delaware Technical Community College that earned her $60,000 annually prior to him being elected. As the wife of a senator, she got a job teaching closer to Washington D.C. that paid more than her previous teaching job. Other sources of income from the couple include: 

• Collecting a small amount of social security in 2009
• Renting a cottage in Wilmington, Delaware to the secret service
• Jill Biden published a children’s book that earned her almost $25,000 one year
• Speaking engagements and book payments for their memoirs earned them millions of dollars
• A paid speech can earn Joe Biden anywhere from $900-$200,000
• He actually was one of the poorest senators when he was younger

How Does Joe Biden Spend His Money?

Although middle-class Joe is often the perceived image of Joe Biden, millionaire Joe Biden enjoys spending his money in quite a few ways. The 46th president of the United States owns several Corvettes and enjoys his car collection. He also owns a Yukon and a Cadillac Limousine. 

In 1996, Biden purchased a home in Greenville, Delaware for a meager $350,000. Today, the house is valued at over $1 million. In 2017, he spent a whopping $2.7 million on a beach house in Delaware. 

What Does The Future Hold For Joe Biden’s Net Worth?

The future looks bright for President Biden. His book deals continue to make him money, as do his investments and properties. The net worth of the Biden family will only continue to climb. 

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