Joe Biden’s Net Worth (Updated 2022), Biography | Career | Relationship and more

What is Joe Biden’s Net Worth (Updated 2022)? Joe Biden is a $9 million net worth American politician. Joe was a Delaware Senator from 1973 to 2009. From 2009 to 2017, he was President Barack Obama’s 47th Vice President. He was the Democratic nominee for President of the United States in 2020, running against Donald Trump. He defeated Donald Trump in a landslide victory (both electorally and popularly) in November 2020 to become America’s 46th President.

Growing Up

Joseph Robinette Biden Jr. was born in Scranton, Pennsylvania, on November 20, 1942. Joe grew up in a Catholic family with three siblings, but his family struggled financially when he was young. During the 1950s, Scranton was experiencing an economic downturn, and his father was unable to find work. Joe’s family was eventually forced to relocate to Delaware, where Joe’s father worked as a used car salesman.

Joe Biden was a member of the football team in high school and was elected class president. He also played football in college while studying history and political science at the University of Delaware. He earned his bachelor’s degree in 1965.

Joe went on to the Syracuse University College of Law, where he graduated with honors in 1968. He was famously accused of plagiarism during this time. Biden was able to avoid the draft as a student during the Vietnam War. Joe received a medical deferment for asthma after graduating and becoming eligible again, despite having been an athlete his entire life.

 

Career

Biden began his legal career at a law firm, and he was also involved in politics as a member of the Democratic Party in 1970. In 1972, he ran for the US Senate. He was the fifth youngest U.S. senator elected in the country’s history when he was 29 years old. For the next year, Biden struggled to manage his political career. He eventually fulfilled his political responsibilities and earned the respect of his colleagues.

Obama was elected President of the United States in 2009, and Biden was instrumental in assisting Obama in stabilizing the American economy during the global economic downturn. Obama and Biden were popular with the public, and during his second term, Obama appointed Biden to head the Gun Violence Task Force. In 2019, he declared his candidacy as a Democratic presidential nominee in the 2020 election.

The same year, Joe Biden chose Kamala Harris as his presidential running mate. He defeated Donald Trump and will be inaugurated as the 46th President of the United States on January 20, 2021.

Joe Biden’s net worth is estimated to be $9 million.

Highlights

Some of the best highlights of Joe Biden’s moment: 

• During the Obama presidency, Biden served as the 47th Vice President (2009-2017)
• Kosovo bestowed the Golden Medal of Freedom upon Biden (2009)
• He announced his candidacy in the 2020 presidential election (2019)
• Time Person of the Year (2020)

 

Earnings from speeches

Joe and Jill have made at least $15 million from speaking engagements and book deals since leaving the White House. Biden has become a popular public speaker, commanding hundreds of thousands of dollars for a single speech. In 2018, he earned $190,000 for a speech at Drew University in New Jersey. From 2017 to 2018, he delivered 40 speeches, each for a 5-figure or 6-figure fee.

 

Profits from Book Deals

After leaving the Vice Presidency, Biden and his wife signed a three-book, $10 million deal. Joe went on a book tour after writing Promise Me, Dad (about his son’s death). He stopped at over 40 locations. Tickets are $25 for general admission and $450 for VIP (which includes a photo with Biden).

 

Income Tax Returns

According to Joe’s tax returns, the Bidens have recently earned the following amounts:

2016: $400,000

2017: $11 million

2018: $4.6 million

2019: $944,737

Debt

Biden’s debt problems have been revealed in financial disclosure forms over the years. Biden’s only financial asset during that time period was his home in Delaware. He has taken out several loans on his home. Biden borrowed up to $50,000 from the cash value of his life insurance policies between 1983 and 2015. He took out a mortgage on his home in 2013, and owed between $500,000 and $1 million on it, according to disclosure forms released in 2015.

 

Rental Earnings

According to federal financial disclosures, Joe and Jill earned $2,200 per month from renting out their guest house to Secret Service agents while Biden was vice president. During this time, they earned about $170,000 in rental income.