From ‘Middle-Class Joe’ to millionaire: Joe Biden is worth an estimated $9 million. Here’s a look at the lifestyle, finances, and real-estate portfolio…
The 77-year-old has touted himself as “Middle-Class Joe” for decades – but he and his wife, Jill, have a net worth of $9 million, according to a Forbes estimate from July 2019.
The couple’s fortune is mostly tied to public speaking engagements and book royalties, according to tax returns and financial disclosures released by the Biden campaign and published on the campaign’s website.
Since 1998, the first year Biden released his tax returns, the majority of the Bidens’ income was attributed to his Senate salary and her community college professor’s salary, according to Forbes.
Biden’s salary in 2009, his last year in the Senate, was $169,000. The vice presidency came with a 30% raise; he earned an average of $225,000 per year and served as vice president from 2009 to 2017. Forbes also reported that the pair received roughly half a million dollars in pensions and social security benefits over the course of those eight years.
But the majority of the Bidens’ wealth was built after he left office.
(Excerpt) Read more at businessinsider.com