News
Unpacking Joe Biden Net Worth Amidst Partisan Debate
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 |
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