American politician Joe Biden has a net worth of $9 million in 2023, according to celebritynetworth. He represented Delaware in the Senate for 36 years, from 1973 to 2009.
Subsequently, during President Obama’s administration, he was chosen to serve as the 47th Vp of the United States, a position he served from 2009 to 2017.
He competed against Donald Trump for the Democratic nomination in the 2020 U.S. presidential race.
He was selected as the 46th President of the U.S. in November 2020 after sweeping both the electoral and popular votes.
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Quick Stats
| Name | Joseph Robinette Biden Jr. |
| Birth Date | November 20, 1942 |
| Birth Place | Scranton, Pennsylvania, United States |
| Parents | Catherine Eugenia “Jean” Biden (née Finnegan) and Joseph Robinette Biden Sr. |
| Siblings | A sister, Valerie, and two brothers, Francis and James. |
| Age | 80 |
| Nationality | American |
| Religion | Christianity |
| Net Worth | $9 million |
Joe Biden’s Presidential Salary
Joe Biden receives a salary of $400,000 per year as President of the United States following Title 3 of the U.S. Code.
He also receives a $19,000 annual entertainment allowance, a $50,000 expenditure account, and a $100,000 non-taxable travel account each year.
Also, the Biden family received $100,000 to renovate their home before moving into the White House.
Joe Biden’s Financial History
Joe Biden frequently referred to himself as “middle-class Joe” and one of the “poorest” members of Congress, with a net worth of less than $500,000.
This was before he was elected vice president. Financial records from 1998 show that Joe and his wife Jill made an average of about $215,000 annually up until 2009.
During their final years in office, their total income increased to almost $390,000 per year after getting a boost of $55,000 from pensions and Social Security payments.
After serving as vice president for two years, Joe’s net worth was estimated to be $1.5 million. After leaving the White House, he made a good living from talks and book royalties. In 2017, his highest recorded earnings were $11 million. Joe and Jill Biden earned nearly $17 million from 2016 to 2019.
Joe Biden’s Political Career
Joe Biden, in 1969, won a New Castle County Council position before turning his attention to the U.S. Senate.
At 30, he became one of the youngest senators in U.S. history after winning the 1972 election for the U.S. Senate in Delaware despite being the underdog.
Biden sought the Democratic candidature for president in 1987 after spending several years in the U.S. Senate.
Unfortunately, he was accused of plagiarizing a speech, which complicated his candidature.
In 2008, Biden ran again for the Democratic nomination, but his campaign was full of blunders, such as his remarks about Obama and Indian people.
He also had trouble generating money and was never a significant opponent for either Obama or Hillary Clinton.
Biden resigned from the Senate in 2008 to take a post as Vice President in the Obama administration after Obama chose him as his campaign partner. He was elected as the Democratic Party’s presidential candidate for 2020.
Joe Biden’s Income From Speeches
Since departing the White House, Joe and Jill have made a sizable income of at least $15 million from speaking engagements and book sales.
Biden is now a highly sought-after speaker, charging several hundred thousand dollars for a single speech.
He received $190,000 for a speech at Drew University in New Jersey on one instance in 2018. He gave 40 presentations between 2017 and 2018, with each address garnering a handsome payment of between $5 and $6 figures.
Joe Biden’s Income From Book Deals
Joseph Biden and his wife landed a hefty $10 million, three-book contract after serving as vice president.
Biden pushed one of the books “Promise Me, Dad” on a national book tour that included more than 40 locations and detailed the death of his son.
Basic attendance to the events cost $25, and VIP packages that included a photo session with Biden cost $450.
Joe Biden Salary
According to Joe Biden’s tax records, his income has changed. Until 2009, his annual income hovered around $200,000 and climbed by about $55,000 thanks to pension and social security benefits.
Joseph Biden earned roughly $400,000 a year as vice president. Nonetheless, his profits dramatically rose when he left his position. He made an astounding $11 million in 2017, which fell to $4.6 million.
Joe Biden’s Main Asset
According to Biden’s financial disclosure documents, his Delaware home is his main asset, and he has experienced financial challenges throughout the years. He has used his house as collateral for loans several times.
Between 1983 and 2015, Biden took out loans up to a maximum of $50,000 against the cash value of his life insurance policies.
He also got a mortgage in 2013, and according to disclosure documents from 2015, he owed somewhere between $500,000 and $1 million on his house.
Joe Biden’s Rental Income
Joe and Jill Biden made around $170,000 in rental income when Joe Biden served as vice president by renting out their guest house to Secret Service agents for $2,200 per month, according to federal financial filings.
Joe Biden Real Estate
Joe Biden’s primary residence is in Wilmington, Delaware’s Greenville neighborhood. The mansion offers a glimpse of a man-made lake first built by wealthy du Pont family members.
The home was bought by Biden and his wife in 1997 for $350,000.
The pair invested $2.74 million in a six-bedroom getaway property in Rehoboth Beach, Delaware, in 2017. They spent $20,000 per month in rent on a $4 million McLean, Virginia estate between 2018 and 2019.
Joe Biden Cars
President Joe Biden has always been a devoted car fan. Biden has owned and operated a variety of automobiles throughout his life, from sports cars to family sedans.
One of Biden’s most well-known vehicles was a 1967 Corvette Stingray that he bought soon after winning the Senate seat in 1972.
He was well-known for driving the showy sports vehicle around Delaware and occasionally used it to get to work.
Biden has also owned a 2005 Cadillac DTS, a 1956 Chevy Bel Air convertible, and a 1963 Chevy Corvette, among other vehicles. He has stated that he likes working on cars and supports automobiles built in America.
