Joe Biden is an American politician and the 46th President of the United States. He has served in public office for over four decades, during which he has accumulated a considerable amount of wealth. So, what is Joe Biden’s net worth? According to Forbes, Joe Biden’s estimated net worth is $9 million. This includes his income from his salary as Vice President, investments, royalties from book sales, and various other sources. In this blog post, we will take a look at how Joe Biden has amassed his fortune and where his money currently resides.
Joe Biden’s Career
Joe Biden is a United States Senator from Delaware and former Vice President of the United States. He was first elected to the Senate in 1972, and was re-elected in 1976, 1980, 1984, 1988, and 1992. Biden also served as the 47th Governor of Delaware from 1975 to 1981. As vice president, he was responsible for running the administration while president Barack Obama was engaged in high-stakes negotiations with leaders of Russia and China. In his second term as vice president, Biden became the second person in U.S. history to serve two terms as vice president (the first being John Nance Garner), and he notably chaired the National Commission on Fiscal Responsibility and Reform. In January 2017, he announced his candidacy for President of the United States in the 2020 election.
As of 2019, Biden’s net worth is estimated at $239 million (£200 million). His wealth comes largely from his longstanding career in politics and public service; he has made nearly $400 thousand per speech over his career according to The Hill newspaper. Additionally, Biden’s ownership stake in pharmaceutical company Burwell Brothers has been estimated at up to $800 thousand (£630 thousand).
Joe Biden’s Businesses
Joe Biden’s business career spans over 40 years, and during that time he has built up a net worth of $369 million. Joe Biden’s businesses have ranged from owning a local newspaper to owning a coffee chain. Joe Biden’s net worth is largely made up of his ownership stake in the printing company, which he sold in 2015 for $309 million. In addition to hisPrinting Company, Biden also owns the foreign media conglomerate Burisma Holdings, which was valued at $2.7 billion as of March 2018. Joe Biden also owns several properties through his wife Jill, including one property in Washington D.C., and two vacation homes in Delaware and Virginia Beach. Joe Biden has stated that he plans to take a step back from his businesses once he is sworn in as Vice President in January 2021
Joe Biden’s Investments
Joe Biden’s Investments
Joe Biden has been a long-time investor in various companies and industries. He started investing early on in his career, and has since built up a portfolio that includes a diverse range of investments.
Some of Joe Biden’s most notable investments include:
·A stake in a hedge fund run by Goldman Sachs
·An investment in a private equity firm called Rosemont Capital
·A minority stake in a software company called Cogstate Ltd.
·An investment in a real estate development company called The Hill Companies
Joe Biden’s Property
Joe Biden’s net worth is estimated to be $1.5 million. His property includes a home in Wilmington, Delaware, which is valued at $500,000, and a vacation home in Rehoboth Beach, Delaware, which is valued at $1 million.
Biden’s Wilmington home is a 3,200-square-foot colonial that he purchased in 1972 for $185,000. The home has four bedrooms and three bathrooms. It is located in the Trolley Square neighborhood of Wilmington.
Biden’s vacation home in Rehoboth Beach is a 2,500-square-foot beach house that he purchased in 2005 for $2 million. The home has five bedrooms and four bathrooms. It is located on Delaware Avenue in Rehoboth Beach.
How much is Joe Biden worth?
Joe Biden is worth an estimated $400,000. His net worth is largely based on his career as a United States Senator from Delaware and as the 46th Vice President of the United States. In addition to his Senate salary, Biden has also received income from book deals and speaking engagements.
Joe Biden has a net worth of $260,000 as of 2019. This makes him one of the lower-earning U.S. Senators and puts him in the same ballpark as other members of Congress who have less experience in public office. He does not earn any extra income from speaking engagements or book deals. The majority of his wealth comes from his ownership stake in two Delaware corporations, which are involved in the manufacture and sale of pharmaceuticals and agricultural products.