Joe Biden is the current president of the United States. Amidst anticipations of what changes his presidential tenure will bring to the US and in turn to the world in general, curiosity arises to know more about this man of enormous influence. Here are all the latest updates about Joe Biden net worth and financial records from TGC.
Joe Biden Net Worth And How He Earned It
Joe Biden was once known as “the poorest man in Congress”. But he has come a long way from then. According to Forbes, his current net worth is estimated to be around $9 million USD. This has been calculated based on the state and federal tax returns for the last decade he released, as per which: his real estates including his two homes in Delaware amount to $4 million, another $4 million worth of cash and investments, and a federal pension worth $1 million, all of which totals to $9 million.
Biden father Joe Sr was born into wealth but as an aspiring entrepreneur and businessman, he faced multiple failures and roadblocks before settling on a prosperous business dealing with the selling of cars. Joe Jr started off in a law firm and was soon elected as a senator early on in his career. As a senator, his earnings span from $42,500 USD annually to $174,000 USD annually. Then as Vice President to Obama, his salary increased to $230,000 per year. After his tenure, his income was mainly derived from several book deals made by both him and his wife Jill Bien, that amount to approximately $8 million USD, speaking engagements, and teaching at the University of Pennsylvania’s Penn Biden Center for Diplomacy and Global Engagement. Jill Biden has also been teaching at community college for almost 30 years.
Joe Biden Salary As President
As per the country’s law, the President receives a salary of $400,000 USD with an additional $50,000 as extra expense allowance, a $100,000 nontaxable travel account, and a $19,000 for entertainment. His wife Jill Biden has also announced that she will continue to teach in community college even as First Lady.
Stay tuned with The Global Coverage for more updates.