News

Unpacking Joe Biden Net Worth Amidst Partisan Debate

Published

7 months ago

June 2, 2024

As of 2024, American politician Joe Biden has an estimated net worth of $12 million. He’s well-known and notably became the youngest to win a Senate election in 1972.

Additionally, he served as Vice President of the United States from 2009 to 2017. Joseph Robinette Biden Jr. currently holds the position of 46th president.

Biden’s wealth mainly stems from his investment portfolio, book royalties, donations, and his wife Jill Biden, a successful author and educator.

Explore Biden’s personal life, earnings, salary, and income sources.

[Photo: BBC]

Joe Biden Net Worth and Salary

Joe Biden earns a salary of $400,000 annually, contributing to his net worth of $12 million.

In addition to his base salary, he receives an extra $50,000 covering personal expenses like food and dry cleaning, and a $100,000 traveling allowance.

Furthermore, he is allocated $120,000 for White House renovations.

Alongside his salary, Joe Biden enjoys various benefits, including free healthcare, maids, cooks, security, and travel.

Attribute	Details
Net Worth	$12 Million
Annual Income	$1 Million
Monthly Income	$95,000 +
Presidential Term	20 January 2021 –
Party	Democratic Party
Vice President	Kamala Harris (2021–)
Residence	White House
Home in Delaware	$2 Million
Book Royalties	$1 Million

Joe Biden Assets

After more than four decades in politics, Joe Biden has accumulated significant wealth. He owns 9 real estate properties, 5 cars, and 2 luxury yachts.

Additionally, he holds over $12 million in cash reserves, secured in banks through deposits and government bonds.

As President of the US, Joe Biden refrains from financial transactions. Consequently, he has transferred his assets, cash, and investments to his wife’s name for safekeeping.

Together, Joe and Jill Biden have invested more than $6 million in the stock market.

The Biden family, including Hunter Biden, possesses two ultra-luxury yachts valued at over $21 million.

These yachts boast top-tier amenities such as a gym, beauty salon, massage room, three dining areas, a dance room, a sea-facing pool, and a mini-theater.

Car Collection

Joe Biden, a devoted American, harbors a fondness for vintage cars. Over his career, he has invested millions in purchasing vintage luxury cars from different auctions.

Some of Joe Biden’s prized possessions include the 1932 Ford Roadster, Shelby Cobra, 1957 Corvette, and Lincoln Convertible Roadster.

Loans & Liabilities

Throughout his lengthy career, Joe Biden obtained numerous loans from banks, both for personal and business reasons.

However, all these loans have been repaid and are no longer outstanding. In 2005, Joe Biden had a total liability of $3 million, which was fully repaid by 2009.

Joe Biden Annual Income

Joe Biden and his family own over 10 real estate properties, generating monthly rental income.

Additionally, Joe Biden holds over $5 million in bank deposits and government bonds, yielding annual interest and dividend payments.

Annually, Joe Biden earns over $1 million in rental income and an additional $700,000 in dividend and interest income.

Biography

Joseph Robinette Biden Jr., born on November 20, 1942, is an American politician who currently serves as the 46th President of the United States since 2021.

He belongs to the Democratic Party and previously held the position of 47th vice president from 2009 to 2017 under President Barack Obama.

Before his vice presidency, he represented Delaware in United States Senate from 1973 to 2009.

Joe Biden Net Worth Growth

Year	Net Worth (Million)
2024	$12
2023	$11
2022	$10
2021	$9
2020	$8
2019	$7

Kenya Insights allows guest blogging, if you want to be published on Kenya’s most authoritative and accurate blog, have an expose, news TIPS, story angles, human interest stories, drop us an email on [email protected] or via Telegram