Joe Bidden, formerly Joseph Robinette Biden Jr., born November 20, 1942, is the 46th and current President of the United States of America. He previously served as President Barack Obama’s 47th vice president from 2009 to 2017. He previously represented Delaware in the United States Senate from 1973 to 2009. Joe Bidden is 81 years old.
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Early Life
Joseph Robinette Biden Jr. was born in Scranton, Pennsylvania on November 20, 1942. Joe was raised in a Catholic family with three siblings when his family faced financial difficulties when he was young. His father couldn’t find work in Scranton during the 1950s due to the city’s economic downturn. The family was eventually forced to relocate to Delaware, where Joe’s father worked as a used car salesman.
Joe Biden joined the football team in high school and was elected class president. He also played college football while studying history and political science at the University of Delaware. He earned a bachelor’s degree in 1965.
Joe went on to the Syracuse University College of Law, where he graduated with honours in 1968. He was famously accused of plagiarism during this time. Biden was able to avoid the draft as a student during the Vietnam War. Joe received a medical deferment for asthma after graduating and becoming eligible again, despite having been an athlete his entire life.
Career
Joe Bidden worked as a law clerk after college before becoming a public defender and opening his own law firm. He first entered politics in 1969, when he ran for a seat on the New Castle County Council, winning the election and immediately setting his sights on the US Senate.
Despite being a clear underdog, he won the US Senate election in Delaware in 1972. He was one of the youngest senators in US history at the age of thirty. Following a lengthy tenure in the United States Senate, Joe set his sights on the ultimate prize: the presidency. He ran for the Democratic nomination in 1987 but was disqualified after being accused of plagiarizing a speech. The further controversy eventually led to Biden’s resignation.
Biden ran for the Democratic nomination again in 2008. Although his campaign had many positive aspects, Biden’s remarks about Barack Obama and Indians were major gaffes. He also struggled to raise funds and was never a serious contender against Hillary Clinton or Barack Obama. But, in the end, Barack Obama appointed him as Vice President. He resigned from the Senate in 2008 to join Obama’s administration. In 2020, he became the Democratic nominee for President of the United States, running against Donald Trump. He defeated Donald Trump in a landslide victory (both electorally and in the popular vote) in November 2020 to become America’s 46th President.
Net Worth
Joe Biden is a politician from the United States with a net worth of $9 million. Joe Biden’s net worth was $1.5 million at the end of his term as Vice President, according to his most recent financial disclosure. For many years prior to becoming VP, he referred to himself as one of the “poorest” members of Congress, or “middle-class Joe,” with a net worth of less than $500,000. He earned a lot of money after leaving the White House, mostly from speeches and book royalties, reaching a high of $11 million in 2017. Joe and Jill earned just under $17 million between 2016 and 2019.
Bidden as an Orator
Joe and Jill have made at least $15 million from speaking engagements and book deals since leaving the White House. Joe Bidden has become a popular public speaker, commanding hundreds of thousands of dollars for a single speech. In 2018, he earned $190,000 for a speech at Drew University in New Jersey. From 2017 to 2018, he delivered 40 speeches, each for a 5-figure or 6-figure fee.
Earnings From Book Deals
After leaving the Vice Presidency, Joe Bidden and his wife signed a $10 million three-book deal. Joe went on tour after finishing Promise Me, Dad (a book about his son’s death). He made more than 40 stops. Tickets are $25 for general admission and $450 for VIP admission (which includes a photo with Biden).
Salary
Joe’s earnings have fluctuated over the years, according to his tax returns. He has made his tax returns available, with the earliest records dating back to 1998. He earned a total of $215,432 this year. His income remained around $200,000 until 2009 when it increased by $55,000 per year due to social security and pension income.
When Joe Biden was preparing to leave office as Vice President in 2016, he was earning around $400,000 per year. By 2017, that figure had skyrocketed to $11 million. In 2018, things slowed slightly, with Biden earning $4.6 million.
Rental Earnings
According to federal financial disclosures, Joe and Jill earned $2,200 per month by renting out their guest house to Secret Service agents while Biden was vice president. During this time, they earned approximately $170,000 in rental income.
Debt
Over the years, financial disclosure forms have revealed Biden’s struggle with debt. Biden’s only financial asset during those years was his home in Delaware. He’s taken out several loans against his home. Joe Bidden borrowed against the cash value of his life insurance policies, which are worth up to $50,000, from 1983 to 2015. He took out a mortgage on his home in 2013, and owed between $500,000 and $1 million on the property, according to disclosure forms released in 2015.
Joe Bidden House
Joe’s primary residence is a house in Wilmington, Delaware’s Greenville neighbourhood. The house overlooks a man-made lake built by wealthy members of the du Pont family. Joe and Jill paid $350,000 for their house in 1997. Similar homes in the neighbourhood have recently sold for slightly more than $2 million. Joe and Jill spent $2.74 million on a six-bedroom vacation home in Rehoboth Beach, Delaware, in 2017. Between 2018 and 2019, the couple paid $20,000 per month to rent a $4 million mansion in McLean, Virginia.