Joe Biden Net Worth

Joe Biden is the 46th President of the US. It attracts the attention of many people because his career in politics and public service is so incredible. He is the leader of his nation. Joe Biden net worth 2024 is $10 million. It has become a point of interest for people across the world. It highlights his achievements and considers all the financial decisions and investments he made throughout his career.

He has a humble origin. However, he shows that he can go to the top of the political ladder. Now, he has become a prominent politician in the American political arena. Let's understand how he became the US American leader and elected president and how he earned millions.

Highlights Of Joe's Biography, Family & Income

The Early Years Of The 46th US President

Growing Up In Scranton

He was born on 20th November 1942 and grew up in Scranton, Pennsylvania. He was raised in a middle-class family with his parents and three of his siblings. His dad was selling cars for a living, and his mom decided to stay at home, taking care of the family.

Early Education & University Years In Delaware

He graduated from high school and then continued his education at the University of Delaware, majoring in political science and history. At the place, he showed his passion for his community. He did it by joining different kinds of campus activities. But first, he went to Syracuse University College of Law. Here, he studied law. He was able to harmonize his studies with his passion for politics. It deepened as the years went by.

Family & Marriages

Joe dated Neilia Hunter when they were both at the University of Syracuse. There were many hurdles in his wedding, like Neilia's parents ' disapproval of their daughter marrying a Catholic. Yet, they became married on 27th August 1966. Together, they had three terrific kids: Joseph R. "Beau" Biden III, Robert Hunter Biden, and Naomi Christina "Amy" Biden. Naomi and her mom died in a car accident in 1972.

In 1975, Joe met his second wife, Jill, on a blind date. They were married in 1977. They had a lovely honeymoon in Hungary after their wedding. He contends Jill piqued his political curiosity, and they both attend church services in Delaware.

Early Career From Republican To Democrat

Beginning Of The Political Journey

Since 1968, he has worked as an attorney in a law firm in Wilmington, Delaware. Initially, he stood as a Republican, working for a well-known Republican named William Prickett. But, he never liked the local governor, Charles L. Terry, who had some old-fashioned ideas about the races.

So, in the future, Joe rallied his support to the liberally leaning Republican Russell W. Peterson, who defeated Terry in 1968. People in the Republican party wanted Joe to run with them, but he didn't really like the candidate they chose, Richard Nixon. Thus, he opted to be self-reliant for the time.

In 1969, Joe left politics and instead took up law, firstly practicing pro bono cases and then working at a firm owned by a Democrat. He even went so far as to join a group that was making the state's Democratic party more effective. Eventually, Joe officially became a Democrat.

First Steps In Politics

In 1970, he was determined to join the New Castle County Council. He had the provision of affordable housing on his agenda. A Republican occupied this seat until Joe won the election. He was on the council until 1973.

Before now, he did not talk about whether he was for or against the Vietnam War. But when he ran for the Senate in 1972, he made it a point that the current President, Richard Nixon, wasn't, in his opinion, doing things right. He even won against the Republican incumbent, J. Caleb Boggs.

Professional Career Of Joe Biden

Elected In The US Senate

In 1973, he was elected to the U.S. Senate for the first time. He won the Senate election 7 times! He won elections in 1972, 1978, 1984, 1990, 1996, 2002, and 2008. Also, he had about 60% of the vote every time he ran. In the Senate, he got swamped on many matters, such as protecting consumers, caring for the environment, and making the government more transparent. At the same time, he was passionate about civil rights, healthcare, and senior citizen programs.

Making Laws & Mistakes

Senator Joe did some big things. He was central in passing several laws, including the Comprehensive Crime Control Act in 1984. It sought to make communities safer. In addition, he played a role in the approval of the Violence Against Women Act of 1994.

However, not everything he accomplished was flawless. He endorsed the law of 2005, which many people disliked, in particular, the consumer groups. But he also did positive things, such as getting increased funding for Amtrak trains and ensuring they were safe.

Role In The Senate Judiciary Committee

Biden presided over the Senate Judiciary Committee for a long time. Here, he was the chairman for a couple of years. This committee, no doubt, is crucial. It is because it is connected with things like Supreme Court nominations and laws on justice and rights.

Another significant thing he did was during the Supreme Court confirmation hearing for Robert Bork in 1988. Despite Joe confirming that he could not wait to get to know Bork, he ended up not liking him. People approved of Joe because he was fair.

Next, in 1991, there was another big hearing on Clarence Thomas's nomination to the Supreme Court. Joe interrogated him violently, and it got so bad at one point. As a result, it turned out that a lady named Anita Hill had accused Thomas of doing bad things. Joe was severely criticized for being unable to manage the event well and for not doing more to back Anita Hill. However, Thomas was still confirmed, although Joe was against it.

Member Of The Senate Foreign Relations Committee

He was also a member of the Senate Foreign Relations Committee. After becoming a member, he had an opportunity to discuss events taking place in other countries. He was the chairperson of the committee twice as well. When he dealt with international matters, he was legendary for his liberal attitude. Despite his party affiliation as a Democrat, he did not always agree with the other Democrats. At the same time, he was willing to collaborate with the Republicans.

One of the things Joe was passionate about was what happened in Yugoslavia in the 1990s. He desired the US to do more to prevent these troubling things from taking place. He met with leaders from those countries and made laws that would be favorable for them.

Views On Wars

The wars in Afghanistan and Iraq were topics that Joe was very vocal about. He even encouraged them to take action in Afghanistan to end the war. However, he realized that Saddam Hussein, the president of Iraq, was a threat to the United States security. In 2002, he said that the U.S. should be allowed to invade Iraq.

Yet, with the progression of time, Joe Biden developed a different opinion regarding the Iraq war. He understood it was flawed, and he felt he had done the wrong thing. He wanted to withdraw from the war. At the same time, he thought that the U.S. should remain and provide assistance.

Plan For Iraq

By 2006, however, Joe had a different vision of what should be done in Iraq. He didn't feel that sending more troops, as General David Petraeus wanted, was the right decision. Instead, he thought that Iraq should be divided into three separate parts according to the ethnic groups living there. He aimed at Kurds, Shiites, and Sunnis, each forming independent governments in their own areas.

1988 Presidential Campaign

Back in 1987, he had a big ambition of running for president. He seemed to be a strong candidate because he was well-known, could speak well, and had some neat ideas. However, his campaign began to look unsure, and then he was accused of copying a part of a speech from a British guy named Neil Kinnock. Joe apologized and even met with Kinnock, but it still caused problems for him.

People also learned that he had plagiarized parts of other speeches. He also seemed to have told some tales about his past which were, in fact, untrue. Hence, he had to give up his campaign. Yet, he admitted that his errors made it challenging for him to continue. So, he decided to step down from the presidential race.

Presidential Campaign In 2008

In 2007, he decided to run for president again. This time, he spent his time discussing the war in Iraq and his experience in the Senate. He even made some funny lines during the debates to stand out, including talking about one of the other candidates, Rudy Giuliani. Although he worked really hard, his campaign, however, didn't turn out so great. His fundraising was unsuccessful, and his rallies didn't attract many people.

In the end, he didn't do well in Iowa's first significant vote. Thus, once again, he chose to withdraw from the race. On the other hand, he gained more political fame even though he wasn't successful. Moreover, it transformed his bond with Obama.

2008 Presidential Election

He played a central part in Barack Obama's 2008 presidential campaign. Following Joe's leaving the race, Obama invited him to replace him as the V.P. They worked perfectly because Biden had a lot of expertise in foreign policy and national security. Thus, in August 2008, Obama publicized Joe as his running mate. They won their nomination at the Democratic National Convention, and Biden began his campaign with the Obama Administration.

Unlike Sarah Palin, the Republican vice-presidential candidate, Joe didn't get as much exposure during the campaign. Some of his lines backfired, and Obama's team had to put great effort into keeping things afloat. Because of these efforts, Joe got a chance to shine, winning a debate against Palin. So, they won the election.

Joe's Vice Presidential Campaign In 2012

After 4 years, he ran again for the vice presidency, this time as a presidential candidate with Obama. This time, the discussion came up with the idea of replacing Joe for Hillary Clinton, but later, the idea was dropped. He was in the news when he came out supporting marriage equality. This put some pressure on Obama.

Despite some of the challenges that the campaign faced, though, Joe was an integral part of it. He even participated in a standout debate against Paul Ryan, the Republican vice-presidential nominee, during which his usage of the word "a bunch of malarkey" received a lot of media coverage.

After that, both of them were reelected in 2012. Through the debates, Joe helped Obama regain some momentum. It was an eventful and fabulous time during which he significantly contributed to two presidential campaigns.

First Term As Vice President (2009 To 2013)

He was elected as the vice president of the United States in 2009, alongside President Barack Obama. He did not wish to repeat what the former VP, Dick Cheney, had done. Joe took the oath on January 20, 2009, as the vice president. He was Delaware's first vice president and the first Roman Catholic vice president. He took charge of many issues like the economy, foreign policy, and healthcare.

Biden was deeply engaged in decisions concerning the wars in Iraq and Afghanistan. Now and then, he traveled to these countries to speak with their leaders. Moreover, he also aided with the economic incentives to strengthen the economy during the recession.

Second Term As Vice President (2013 To 2017)

He took the second term of his vice presidency in 2013. At the same time, he carried on his writing on topics of women's violence and gun control. He also visited many countries - and met their leaders as well. He advocated for the arming of rebel fighters in Syria and denounced terrorist organizations such as ISIL.

Although he never had to cast a tie-breaking vote in the Senate, Biden held the longest record for this position of power, a testament to its significance in governmental affairs.

Activities After Leaving The Vice Presidency (2017 To 2019)

Once his vice presidency was over, he became an honorary professor at the University of Pennsylvania. There, he co-founded the Penn Biden Center for Diplomacy and Global Engagement. He remained at the university until 2019. After that, he decided to contest the presidential election. In 2017, he wrote a book titled "Promise Me, Dad" about his life and the experiences in it. The former vice president organized a tour to discuss his book and narrate his stories to people throughout the country.

Even though Biden was no longer in office, he remained actively involved in politics. He supported critical subjects such as global warming and LGBT rights. He again showed his dedication to cancer research, another issue that was and still is vital to him.

2020 Presidential Campaign

In 2019, Joe Biden announced that he would compete in the 2020 presidential election. He formally kick-started his campaign in April 2019, believing that the country needed to be characterized by change and unity.

During the entire campaign, he had to go through hardships and faced criticism. Yet, he did not lose sight of his ambition. He earned the Democratic Party's presidential nomination. Due to his great efforts, in November 2020, he defeated the president, Donald Trump.

After winning, he had to go through a turbulent transition period. He had to do so as Trump refused to concede and spread lies about voter fraud. Still, the results were certified, and Joe started getting ready to assume power. On January 20, 2021, he became the 46th President of the United States.

The Impact Of Biden's Presidency

After he took the presidency in 2021, the country faced many challenges due to the ongoing COVID-19 crisis. Still, he, with his team, tried to work hard to improve the situation. They brought the economy back on track and created many new jobs. At the same time, they tried to ensure the stability of the prices of goods we consume. The President signed many new laws to give more money to families and the government for building highways and schools.

Foreign Policy Adventures

He dealt with problems within and outside the USA. One big problem was when a group called Hamas attacked Israel in 2023. He stated that he stood with Israel, helping them during the fighting.

In addition, he made attempts to bring peace between Israel and other states in the Middle East. He had to make some tough decisions to secure America as well as its friends from groups who might want to harm innocent people, like using military force against them. The war is still going on, and the USA is trying to end it as soon as possible.

Top Sources Of Joe Biden's Net Worth 2024

Here are the top sources that have helped enhance Joe Biden's net worth.

Salaries As Serving The Government

He began his great political career in 1972 when he was elected at the age of just 29 to be a senator for Delaware. Also, he was there for a very long time, mainly as an integral part of the Senate Judiciary Committee and the Senate Foreign Relations Committee. He became the vice president of the USA as well.

During his service, he earned salaries and other benefits. Joe gets a presidential salary of about $400,000 annually. This income is defined by law and comes from the federal government's budget. The First Lady Jill Biden is an educator at Northern Virginia Community College, earning around $85,985.

Book Deals

He has made some money from book deals. For instance, from his book, "Promise Me, Dad: A Year of Hope, Hardship, and Purpose," he gained some great leaps and royalties.

Speaking Engagements

President Biden, in the past, has been paid because of speeches he has made for organizations' conferences and gatherings. They enhanced Joe Biden's wealth.

Real Estate

He has always had a passion for real estate. When he was 25, he bought 3 houses and some land in Maryland. He was eager to make it a huge family space. However, he rented out the houses and lived in a cottage close to the pool for free as he managed the pool. Moreover, his father gave him a car for his wedding, a 1967 Corvette Stingray, which is valued now at $100,000.

At the same time, he owns 2 houses in Delaware. Their combined value is around $7 million. Also, he has a summer house in Rehoboth Beach. Its area is 4,800-square-foot and is valued at $4.5 million.

Future Outlook

He can move on with his economic agenda, covering topics such as healthcare, and taxes, such as the federal income tax rate, student debt, labor force, industry, infrastructure, and climate change. He can always be concerned with regulatory changes to address the various issues and track the progress of those changes. Also, he can use strategic communication and adapt to different political environments. Moreover, Joe and his wife, Jill, can do various family business dealings to enhance their earnings.

In addition to this, he can become the US president again in the 2024 election. As a result, he can play a role in uplifting the quality of lives of Americans and in solving the critical issues of the nation.

Frequently Asked Questions

What Was The Fate Of Joe's First Wife And Daughter?

They were killed in a tragic car crash just after he was elected to the Senate.

Who Can Become 47th US President In The 2024 Election?

Two strong candidates for the US Presidency in 2024 are Biden and Trump. The implied win probability for the former president, Trump, is 50%. In contrast, the implied win probability of Joe is 47.62%.

What's the Salary Of The 46th US President?

As President, he gets paid $400,000 a year!

What Is Donald Trump's Net Worth In 2024?

Trump's net worth in 2024 is 5.1 billion USD.

Conclusion

The current President of the US, Joe Biden, emerged from Scranton, PA, a small town in the northeastern part of Pennsylvania. His determination to follow his heart was not shaken by personal losses and political difficulties. Throughout his career as a senator and as the vice president, his service to the public. Besides, he showed a willingness to solve national and international issues.

He has set his targets for economic growth, external policy management, and national unity as president. He is also playing an active role in ending wars in Israel and Ukraine. These are the main reasons that in the 2024 election, he is one of the strong candidates for the US Presidency.

As far as his finances are concerned, Biden's significant sources of income include his presidential salary, book deals, public speaking, and real estate investments. That's why Joe Biden's Net Worth in 2024 is estimated in millions.