Joe Biden, born on November 20, 1942, in Scranton, Pennsylvania, moved to Delaware at age 10. He attended the University of Delaware, earning a degree in history and political science, and later received a law degree from Syracuse University College of Law. Biden started his political career in 1970, serving on the New Castle County Council before being elected as a U.S. Senator from Delaware in 1972, making him one of the youngest senators in U.S. history.
Political Career
Biden’s Senate career spanned 36 years, during which he focused on foreign relations, criminal justice, and drug policy. He chaired the Senate Judiciary Committee and the Senate Foreign Relations Committee, becoming known for his work on significant legislation and international diplomacy.
In 2008, Biden was selected as Barack Obama’s running mate, and he served as Vice President from 2009 to 2017. His tenure as Vice President included overseeing significant recovery efforts following the 2008 financial crisis and playing a crucial role in foreign policy decisions.
Presidency
In 2020, Biden ran for president and won, defeating incumbent Donald Trump. His presidency has focused on handling the COVID-19 pandemic, economic recovery, infrastructure, and climate change. His policies aim to address systemic inequalities and invest in long-term sustainable growth.
Net Worth
As of 2024, Joe Biden’s net worth is estimated at $10 million. This wealth comes from a combination of his salary as President ($400,000 annually), his earnings from book deals, and speaking engagements. Biden’s financial disclosures reveal that he and his wife, Jill, own two homes in Delaware valued at approximately $4 million. Additionally, they have cash and investments worth about $4 million, and a federal pension valued at over $1 million.
From 2017 to 2021, the Bidens earned $17.3 million, primarily from book advances and speaking fees. Despite this income, substantial expenses, including taxes and charitable contributions, affected their net wealth.
Joe Biden’s financial journey from his early days in politics to his current status as President reflects his long-standing public service career and recent ventures in publishing and speaking. His net worth, while significant, remains modest compared to some of his contemporaries in politics.