Joe Biden, the 46th President of the United States of America, is a millionaire. According to estimates, Joe Biden’s net worth is approximately $9 million, but no official confirmation exists. The elderly American politician has a middle-class background and became the President after defeating the incumbent, Donald Trump, in the 2020 presidential election. Before becoming President, he was the vice president in the Democratic administration from 2009 to 2017 when Barack Obama was the President of the USA. A veteran politician and Democrat, Biden have been to the US Senate from 1973 to 2009 as a representative from Delaware. Born in Scranton, Pennsylvania, his full name is Joseph Robinette Biden Jr. He is one of the four children of Joseph Robinette Biden Sr. and Catherine Eugenia Finnegan Biden. The family moved to Claymont, Delaware, in 1953. Keep reading to learn about Biden’s net worth.
Joe Bidens net worth
As stated earlier, Joe Bidens net worth is approximately $ 9 million, and being the President of the US, he earns $400,000 annually besides $50,000 as an annual spending allowance. His average monthly income is $33,000. He has several real estate and other investments and earns a royalty for several books he has written, such as ‘Promises to Keep,’ ‘Promise me, Dad’ and ‘This is America’s Day.’
Greenville’s house in Delaware is worth $350,000, his summer house in Delaware’s Rehoboth Beach is worth $2.7 million, and a small cottage is worth $2,200.
However, for a personality like him, one of the most powerful men in the world, his political achievements largely outscore his financial status. His political career is more interesting to people than his financial status, which is just for records only. Still, people are curious to know Joe Biden’s net worth, perhaps because the earlier President Donald Trump was enormously rich. In this article, the mention of Joe Biden net worth in 2022 is just a passing reference while the focus will be on his family and career.
During four decades as a Senator, Joe Biden portrayed himself as the poorest of all members and took pride in calling himself ‘Middle-Class Joe.
The Biden family
Joseph Robinette Biden Jr., aka Joe Biden, had three siblings – Sister Valerie Biden and brothers Francis W. Biden and James Brian Biden.
Today, Joe Biden age is 80 years, and his date of birth is November 20, 1942. How now heads the Joe Biden family comprising of his wife and children. The twice-married Joe first married Neilia Hunter Biden on August 27, 1966, and they had three children together. The eldest was their daughter Naomi Christina ‘Amy’; the other two were sons Robert Hunter and Joseph Robinette ‘Beau’ III.
Joe’s married life had some tragic moments when in 1972, he lost his daughter in wife in a road accident when a tractor-trailer rammed into the car they were traveling. Tragedy struck again in 2015 when Joe lost his youngest son Joseph Robinette ‘Beau’ III, to brain cancer.
Joe married his wife, Jill Tracy Jacobs Biden, in New York on June 17, 1977. The couple has a daughter named Ashley Blazer Biden.
Joe Biden graduated in Arts (BA) from the University of Delaware and Syracuse University (JD) and began his professional career as a lawyer and counselor for New Castle County. He began his political journey in 1970 as a member of the Democratic Party and, in 1972, became a member of the US Senate from Delaware. Only 29 years ago, he was the youngest member of the Senate. Since then, he has remained a member of the Senate for 36 years and became a notable political figure mainly due to positioning himself as a leading voice on national security issues and foreign policy.
In 2008, Senator Barack Obama, who was running for the US Presidential poll, chose Biden as his running mate. They campaigned forcefully to bring change and raise hopes for a better America, resulting in a landslide victory for the duo. Joe Biden became the Vice President of the United States and remained in position from 2009 to 2017. Biden played a key role in the Obama administration to combat the Great Recession of 2008 and turn around the economy to save the country from disaster. His hand was visible in several major government policy initiatives, including introducing the Affordable Care Act.
Heading towards Presidency
Although Biden stepped down from office in 2017 after serving as America’s vice –president for eight years, he remained active in politics and pursued his ambition of becoming the President of the USA. In April 2019, he announced his candidature for the presidential election in 2020 and challenged the incumbent, Donald Trump.
His election campaign focused on economic inequality, healthcare, and climate change. He won the Democratic nomination for Presidency in 2020 and finally defeated Donald Trump to become the President of America.
When discussing Joe Bidens net worth, the philanthropic activities of the first family of the United States of America is worth mentioning. From 2017 to 2019, Joe and Jill Biden owned the Biden Foundation, a not-for-profit organization committed to serving the cause of American families to show them the path to development and prosperity.