Joe Biden Net Worth 2024 (US President Net Worth)

Vocal bursts and baseless charges about the candidates are two constants in every presidential election. Both were abundantly present during the 2024 presidential race. Joe Biden has had a long career in public service, from being a Senator to serving as the Vice President under Barack Obama, and finally, becoming the President himself.

Joe Biden net worth reportedly jumped from $9 million in 2019 to $41 million in 2022, according to a graphic published by actor James Woods on X (previously Twitter) in December. Earnings less all debt and other liabilities is the value of one’s net worth. If you’re interested in the financial background of America’s current leader, keep reading to get a clear picture of Joe Biden net worth.

Joe Biden

In this article, we will explore Joe Biden net worth, tax returns, political career, and more.

Joe Biden Net Worth

Joe Biden Net Worth, who referred to him as “Middle-Class Joe,” Biden’s real net worth is around $10 million (though, to be fair, being worth $10 million does not exactly qualify as “middle class”).

Joe Biden Net Worth estimated to be around $10 million

Before becoming Vice President with Obama and then President himself, Joe Biden was known as one of the least wealthy people in Congress, according to PolitiFact. After he became President, Joe Biden’s money grew from $8 million to about $10 million.

Woods’ assertion, however, was demonstrably inaccurate—to the tune of almost $30 million. It was deemed “false” by PolitiFact. At the same time, it appears that Woods has removed the post.

Joe Biden Net Worth (Real Estate)

The President owns two homes in Delaware. They are now worth about $7 million together. When he became President, these houses were worth $1.8 million less. Thanks to the booming real estate market, their value has gone up by that amount.

Joe Biden has always liked real estate. When he was about 25 years old, he bought three homes and 85 acres in Maryland. He wanted to make a big family place there. Before, he turned these homes into places for rent.

Instead of living in those homes, Biden and his family stayed in a nearby cottage for free. He got to stay there without paying because he was taking care of the local swimming pool.

The 1967 Corvette Stingray that Biden’s father gave him as a wedding gift is now worth an estimated $100,000.

In his role as president, Biden receives a salary of $400,000. According to White House financial records released in May 2023, Biden’s assets ranged from $1 million to $2.65 million in 2022, which was essentially unchanged from his first full year in office in 2021.

Joe Biden Political Career

Joe Biden became one of the youngest senators ever in 1972. He was elected to represent Delaware in the Senate when he was just 29 years old. Sadly, right after he was elected, he faced a big tragedy. His first wife, Neilia, and their little daughter, Naomi, died in a car accident. This sad event made him start taking the train to the Senate.

• Joe Biden worked as a senator for many years, leading important groups like the Senate Judiciary Committee and the Senate Foreign Relations Committee.
• He tried to become president in 1988 and 2008 but didn’t win.
• Later he became the vice president under Obama from 2009 to 2017.
• On January 20, 2021, he started his job as the President of the USA.

Some of Biden’s political highlights include:

Year	Political Highlight
1990	Introduced Violence Against Women Act (VAWA) addressing domestic abuse.
2002	Voted to authorize Iraq military intervention, later criticized the conflict.
2010	Assisted in passing the 2010 Affordable Care Act.
2020	Elected President of the United States.
2021	Signed $1.2 trillion bipartisan infrastructure package for improvements.
2022	Signed the Respect for Marriage Act, recognizing and protecting interracial and LGBTQ+ marriages.
2023	Signed Fiscal Responsibility Act to suspend federal debt limit and limit federal spending.

Joe Biden Tax Returns

On April 18, 2023, the Bidens made public the couple’s tax returns for the year 2022, revealing their income.

Joe Biden and the First Lady made money from two main places: Biden’s $400,000 salary as president and the First Lady’s $82,335 salary as a teacher at Northern Virginia Community College. Their taxes show they made $579,514 together after adding in other money from things like Social Security and interest.

They paid $169,820 in taxes to the US government, Delaware, and Virginia. Their US tax rate was 23.8%. But, they still had to pay the government $4,632 more. The good news? They got a little back – $846 from Virginia and $10 from Delaware.

Conclusion 

Joe Biden net worth reflects his long career in public service, including his salary as President and the First Lady’s income as an educator. Their finances, including taxes paid and income received from various sources, show a blend of public service salary, education income, and other earnings.

A combination of Biden’s salary from his time as president, book agreements, and speaking engagements brought him an estimated $10 million for him in 2024. Both Biden and his wife have shown their dedication to charity via their contributions to many philanthropic organizations. This insight into Joe Biden net worth and financial dealings offers a glimpse into the fiscal responsibilities and rewards of a life dedicated to public service.

Joe Biden Net Worth 2024 (US President Net Worth) – FAQs

What is Joe Biden net worth?

Joe Biden net worth is estimated to be around $10 million as of 2024.

What is Trump net worth?

Donald Trump net worth is around $6.4 billion.

What nationality is Joe Biden?

Joseph Robinette Biden Jr., known as Joe Biden, was born on November 20, 1942. He is an American politician and the 46th president of the United States right now.

How did Joe Biden accumulate his wealth?

Biden’s wealth primarily comes from his long career in politics, including his tenure as a U.S. Senator and Vice President, as well as book deals and speaking engagements after leaving office.

Does Joe Biden receive a pension as a former President?

Yes, Joe Biden receives a pension as a former President of the United States, which adds to his overall net worth.

Are there any controversies surrounding Joe Biden’s finances?

There are no significant controversies surrounding Joe Biden’s finances. However, like many politicians, his financial disclosures have been subject to scrutiny.

Does Joe Biden donate to charitable causes?

Yes, Joe Biden and his wife, Dr. Jill Biden, have a history of philanthropy and have donated to various charitable causes over the years.

Does Joe Biden have any investments or business ventures?

Joe Biden has disclosed various investments and assets, including real estate holdings and retirement accounts, but he does not have any known business ventures outside of his political career.

Is Joe Biden net worth expected to change in the future?

Joe Biden’s net worth may fluctuate depending on various factors, including his post-presidential activities, investments, and potential future earnings from speaking engagements or book deals. However, significant changes are not anticipated given his retirement from active politics.