Joe Biden, also know colloquially as Middle-Class Joe, for his self-deprecating description as a unsophisticated man, Biden has been able to drastically grow his net worth and income since leaving office. Biden is now the President of the United States starting in 2021. TSCL noted that with such a high level of inflation, the estimates could change several times before the 2022 COLA is announced in October 2021. He built a new house on the plot, then proceeded to regularly refinance it as well. Career Highlights: 46th president of the U.S. Joe Biden Net Worth: $9 Million President Joe Biden's net worth is $9 million, according to Forbes. . How could the public trust Joe Biden to grow Americas economy in a fiscally prudent way if he couldnt even properly manage his own finances? Therefore, Middle-Class Joe likely collects a pension of $161,490 for life. It is reported that Biden's majority of income has come from book deals and speaking fees. The couple got married at Cuffe's childhood home in Pennsylvania, after making their relationship public in September of 2021. . The disclosures also note that Biden made $540,000 as the professor at the University of Pennsylvanias Penn Biden Center for Diplomacy and Global Engagement. Thats how I got my children to college. In 2001, when his daughter Ashley was a student at Tulane University, he was on the hook for at least a half dozen loans totaling more than $700,000. reported at $8 million, according to Publishers Weekly. window.dataLayer = window.dataLayer || []; Click on the conversation bubble to join the conversation, Illustration by Forbes. First official portrait of Joe Biden as Vice President of the United States, 2009 . Joe Biden has won the election over Donald Trump. Few Facts About Joe Biden He was a high school football star If one were to capitalize the value of his $161,490 annual pension, one would need $3,229,800 in capital at a 5% rate of return. En cliquant sur Accepter tout, vous acceptez que Yahoo et nos partenaires traitent vos informations personnelles et utilisent des technologies telles que les cookies pour afficher des publicits et des contenus personnaliss, et des fins de mesure des publicits et des contenus, dtude des audiences et de dveloppement de produit. By 2020, that number had ballooned to $95,250. At the time he bought it, Bidens salary as a senator was around $43,000 a year. He told his friends he would take the chance. PoolGetty Images. He started Financial Samurai in 2009. Home ownership is how most middle-class families save, how most middle-class families build assets and for many, its the way you send your kid to college, borrowing against it, Biden explained at a 2015 event for the Department of Housing and Urban Development. Donald Trump may have come from a party that prides itself on fiscal conservatism, but anyone with a cursory understanding of his financial historywith huge debts financing lavish developments, many of which failedcould have told you at the outset that he wasnt the sort of guy who would be likely to watch the national budget carefully. Which would you take? The answer was clear for Biden. Even if the Bidens keep spending freely, theyre not likely to run out of cash at any point. Personal Capital lets you track your net worth, manage your cash flow, x-ray your investment portfolios, and wisely model your retirement cash flow and needs all for free. StyleCaster is a part of Penske Media Corporation. Along with the salary, the president also receives a $50,000 expense allowance, a $100,000 non-taxable travel account and $19,000 for entertainment each year. Getty. In May of 2021, the White House also released Biden's 2020 tax returns. Another house that Biden bought in Wilmington, Del., for $350,000 in 1996 is now worth almost $1.9 million, according to an estimate by the real estate website Zillow. Along with his wife, Jill, the. Harris also became the first woman (as well as Black woman and Indian-American woman) to ever be elected as Vice President in America's 200-plus-year history. The lack of financial discipline by the Bidens was one of the main criticisms he faced. Along with his wife, Jill, the. The former vice president received a plum professor gig at University of Pennsylvania. Biden was elected the 46th president of the United States in November 2020. In 2017, the Bidens paid $8,600 for household labor, according to their tax returns. CelebrityNetWorth estimated his net worth at $1 million as of 2020. Sam worked in finance for 13 years. gtag('config', 'UA-10307238-1'); Forbes estimates that as of June 2021, Biden and his wife, Jill, are collectively worth $8 million. This is the second NewsNation alum to join Lyons, who left the struggling Nexstar-owned cable news network and later landed at CBS 2 as general manager.. published February 13, 2018 Tribune Broadcasting's WGN-TV in Chicago has hired . As of 2021, net worth analysts Wealthy Gorilla estimate that Hunter Biden is worth around $1 million. Since George Washington became the first president of the United States in 1789, there have been five salary increases for the Commander-in-Chief. He now owns two houses, worth more than $4 million. Who is Hunter Biden? Professional Artist In 2021, he was reported to earn money as a professional artist, selling his artwork for $75,000 to $500,000 per piece. Given Joe Biden was born on November 20, 1942, it is unlikely he will live for more than 20 years. Barack Obama, the 44th President of the United States, however, is worth $70 million, according to International Business Times. In the years after leaving the White House he earned significant income. If they tracked their net worth frequently, they would have gotten more motivated to save and invest wisely. Well, according to Forbes, the 45th President of the United States Donald Trump is worth $2.5 billion thanks to his real estate empire, which is way more than Biden has ever made. Career Highlights: 46th president of the U.S. Joe Biden Net Worth: $9 Million President Joe Biden's net worth is $9 million, according to Forbes. President Joe Biden's net worth is $9 million. July 31, 2021 Joe Biden Has Surprisingly Low Net Worth After Making $17.3 Million In Four Years News & Politics Gettyimages | Alex Wong Nathan Francis Joe Biden had a very lucrative period between White House stints, making a reported $17.3 million in the four years between leaving the Obama administration and becoming president in 2020. More recently, the website CelebrityNetWorth.com estimated Joe Biden's net worth at $900,000. In 2019, the Washington Post reported that the Bidens were also renting a 5-bedroom mansion in McLean, Virginia for an estimated $20,000 a month. The United States also affords its Commander in Chief a $50,000 expense allowance "to assist in defraying expenses relating to or resulting from the discharge of his official duties." In 2017, he added more than $3.7 million to the U.S. Treasury, and an additional $1.8 million over the following two years (via Forbes ). Here, take a look back at how he earned his fortune. Last summer, Forbes placed Sanders's worth at $2.5 million, while Politico reported it was a little under $2 million. The salary has been the same since 2001 when it was doubled from $200,000 to $400,000. President Joe Biden's net worth is $9 million, according to Forbes. ", As the digital director for Town & Country, Caroline Hallemann covers culture, entertainment, and a range of other subjects, .css-1du65oy{color:#323232;display:block;font-family:NewParis,Georgia,Times,serif;font-weight:normal;margin-bottom:0.3125rem;margin-top:0;-webkit-text-decoration:none;text-decoration:none;-webkit-font-smoothing:auto;}@media (any-hover: hover){.css-1du65oy:hover{color:link-hover;}}@media(max-width: 48rem){.css-1du65oy{font-size:1.0625rem;line-height:1.2;}}@media(min-width: 40.625rem){.css-1du65oy{font-size:1.0625rem;line-height:1.2;}}@media(min-width: 64rem){.css-1du65oy{font-size:1.3125rem;line-height:1.2;}}MSNBC's Steve Kornacki Is an Election Icon, Meghan Markle Votes in the Midterm Elections, Meet Joe Biden's Granddaughter Naomi Biden, Naomi Biden to Have White House Wedding Reception, Meet Joe Biden's Granddaughter Natalie Biden, Kennedy Family Shares Photos of Conor in Ukraine, King Charles Appoints His Second Prime Minister. Therefore, depending on how long Joe lives, his net worth including the value of his pension is likely between $10 $13 million. His money increased when he becam Vice President. The Bidens rent a third home in Virginia, near the community college where Jill Biden teaches. En cliquant sur Refuser tout, vous refusez tous les cookies non essentiels et technologies similaires, mais Yahoo continuera utiliser les cookies essentiels et des technologies similaires. In addition, from 2009 to 2017, he served as Vice President of the United States of America. Biden once described himself as . He would also earn additional credits towards his pension. When he. Based on Joe Biden's real estate holdings and book deal, Joe and Jill Biden have a total net worth of between $7 - 9 million. In 2018, for example, the Bidens donated $25,000 to a British charity tied to Prince Harry. . Although Joe Biden never grew his net worth very rapidly like most of his colleagues while in office, he was able to keep his head above water. After the firm won its first big case, Biden received a $5,000 check. Savvy investors are turning towards real estate crowdfunding to invest in lower cost areas of the country with high job growth and high net rental yields. Once you link all your accounts, Personal Capitals sophisticated software will provide you a holistic view of your finances. Reputation . But he wasnt a big saver. Over the years, he refinanced the home frequently, taking on mortgages in amounts far exceeding what he originally paid for the house. The bulk of that number comes from a multi-book deal with Flatiron Books valued at $8 million per Publishers Weekly, but the Bidens also earned a sizable income from speaking engagements. How Hunter Biden Spent His Money Although he earned a. He owns two homes in Delaware, which are worth $4 million combined. During his eight years in the Obama White House, Joe Biden's annual salary as vice president ranged from $220,000 to $230,000. Early Life Joseph Robinette Biden Jr. was born on the 20th of November, 1942, in Pennsylvania. Both are people who dont mind taking on debt and enjoy spending freely. When Biden left office in 2017, he was worth an estimated $2.5 million. As the value of his real . Biden and Harris took the oath of office as the next POTUS and VPOTUS the 2021 inauguration in January 2021. Estimates now have Joe and Jill Biden earning roughly $15 million total from 2017 2019. He spends time playing tennis, taking care of his family, and writing online to help others achieve financial freedom too. Joe Biden is a well-known American politician who was elected to the Senate in 1972 as the youngest person to do so. His wife, Dr. Jill Biden is continuing to teach at community college when her husband is in the White House. Along with his wife, Jill, the Bidens' wealth includes two Delaware homes valued at $4 million combined, cash and investments worth an additional $4 million and a federal pension worth over $1 million. But Joe Bidens net worth took a turn for the better in early 2017, when Joe and Jill Biden signed a multi-book deal with Flatiron Books in the high seven figures, according to Keith Urbahn, a literary agent who specializes in political books and has represented the likes of former FBI Director James Comey. Take a look at the president's financial documents. By not participating much in the market, they missed out on stock gains that could have added millions more to their fortune. On Bidens most recent financial disclosure report, filed in May, the president listed cash and retirement accounts worth somewhere between $1.2 million and $2.9 million. If Joe and Jill Biden gave the maximum to their two children, Hunter and Ashley, along with their grandchildren, that could account for over $200,000 a year. Here's what you need to know about Biden's net worth: 1. Now, it seems like Biden is ready to move back into the White House as the next President of the United States. He won and was sworn in as president on January 20, 2021. It. As a result, weve got to make the most of our finances today. A detailed look at his personal finances suggest that he and Trump have something in common, however. Once again, theyd be in position to deliver speeches and write books, poised for yet another windfall. In a Trumpian move, he rented out a cottage on his Wilmington property for $26,400 a year, reportedly leasing it to the U.S. Secret Service in charge of protecting him. He seems determined to give money to the middle class rather than the wealthy. However, when . She is best known for being married to President Joe Biden. Thanks to technology, remote work has exploded in popularity. Or maybe they just spent it all, enjoying their money without thinking too strategically about it. Joe Biden shutterstock_755595298. . Given the average American only saves roughly 6% of their salary before the pandemic began, it is possible that the Bidens practiced poor personal finance habits for decades and spent everything they earned. You can learn a lot about how a president might manage the countrys finances by how they have handled their own. But Biden was about to cash in. If Your Time is short Rep. Alexandria Ocasio-Cortez's latest financial disclosure form showed assets of. Biden was stretching himself thin, without saving or investing much money. He defeated the incumbent, Donald Trump, becoming the first candidate to defeat a sitting president since Bill Clinton defeated George H. W. Bush in 1992. "According to the first family's 1040 form, they paid $162,063 and received a refund of $4,649. Per Forbes, the Bidens' two homes in Delaware are worth a combined $4 million. Although buying a $2.7 million vacation property is likely not the shrewdest financial move, buying real estate for the long term is. At the start of his 2020 presidential campaign Biden released his financial information disclosures as well as state and federal tax returns for 2016, 2017, and 2018 and based on those forms,. The site also notes that they have "cash and investments worth another $4 million or so" as well as a $1 million federal pension. Along with his wife, Jill, the Bidens' wealth includes two Delaware homes valued at $4 million combined, cash and. And he didntdeficits ballooned 68% even before the pandemic, largely thanks to a massive tax cut that benefitted rich people and corporations. In June 2017, shortly after they inked the book deal, the Bidens purchased their vacation home in Rehoboth Beach, Del., for $2.7 million. When Biden released his financial disclosures in July of 2019, they showed that he and his wife Jill had earned more than $15 million in 2017 and 2018. Joe Biden's net worth in 2021 is $9 Million. Slectionnez Grer les paramtres pour grer vos prfrences. A Forbes estimate puts the president and his wife Dr. Jill Biden's combined net worth at $9 million. For more nuanced personal finance content, join 100,000+ others and sign up for thefree Financial Samurai newsletter. Biden and Harris took the oath of. In the span of about six months, Biden acquired three houses, including one on 80 acres of land in Marylandwhere he had a grand dream to one day develop a family compound for his parents and siblings. One possibility is gifts to his family. When he was elected as Vice President, Biden received another raise, earning $230,000 per year. Theres no rewind button in life. Career Highlights: 46th president of the U.S. Joe Biden Net Worth: $9 Million President Joe Biden's net worth is $9 million, according to Forbes. Or perhaps he just spent it all. This was our adventure, and Neilia was so sure of our future., That future quickly included a small collection of real estate. How President Joe Biden went from 'Middle Class Joe' to $8M net worth. )\'/g);if(null!==e)return e.map((function(t){return t.replace(/'/g,"")}))},t.prototype.extractAPICall=function(t,e){var i=new RegExp(e+"\\((.*? [A-Z]{2,})/i.exec(t)},t}(),a=window.adthriveCLS;return a&&(a.disableAds=new i(window.adthrive)),t.ClsDisableAds=i,Object.defineProperty(t,"__esModule",{value:!0}),t}({}); $392,233 is right at the cusp of a top 1% income. Per CNN, the Bidens filed their tax return jointly and "reported a federal adjusted gross income of $607,336 and owed $157,414 in federal income tax.". What is very common in the United States today, is most people, even with large incomes, are strapped for liquidity, says Megan Gorman, an attorney and managing partner at a financial planning firm for high net worth individuals, who also serves as a Forbes contributor. (Biden's campaign also sent us reports indicating that Biden's net worth when he left office as vice president was far less than that of former vice president Al Gore and Dick Cheney, and. Joe Biden Net Worth: $9 Million. Joe Biden's. Joe Biden was elected as the 46th President of the United States in November 2020 after he and his running mate Kamala Harris (who was elected as the 49th Vice President of the United States) beat past President Donald Trump and Vice President Mike Pence. As for George W. Bush, the 43rd President of the United States, Celebrity Net Worth reports that hes worth $40 million, which is also much higher than Biden. Joe Biden's current net worth is estimated at $9 million by Celebrity Net Worth, and in June 2021, Forbes pegged it at $8 million based on his financial disclosure report. So what happened to Bidens money? Even after collecting rent, money was still tight. His Net Worth Was Estimated at -$900K in 2014, but Now It's Much Higher. The margin of winning is closer than people would have imagined. It is unclear whether the Bidens paid for the home in cash or with a mortgage. Along with his wife, Jill, the Bidens' wealth includes two Delaware homes valued at $4 million combined, cash and investments worth an additional $4 million and a federal pension worth over $1 million. That showed that the couple's joint assets and liabilitiesnot including personal residential real estatewere worth somewhere between $1 million and $3.9 million. He and his wife Neilia, a schoolteacher, promptly spent it on a four-poster bed, a dining set and a desk. The Bidens installed a new pool at their Rehoboth house in 2017. But clearly, the Flatiron book deal was quite lucrative. This research library service enables you to: Search more than 2,434,000 U.S. broadcasts using closed captioning; Borrow broadcasts on DVDs; View and Cite short streamed clips; Compare and Contrast perspectives across networks, stations and time; and Place video quotes within your commentary. Combined, the Bidens earned between $250,000 $400,000 a year for decades. Recent estimates place Bernie Sanders's net worth just under $2 million. Welcome to Internet Archive TV News! He received his undergraduate degree in Economics from The College of William & Mary and got his MBA from UC Berkeley. Our mission at STYLECASTER is to bring style to the people, and we only feature products we think youll love as much as we do. Rumor has it the book deal was for $8 million. That's Pants on Fire! According to CBS, Bidens net worth was reported as less than $30,000 in November 2009. By the time he left the White House, he and his wife, Jill Biden, reported assets between $303,000 and $1 million, as well as liabilities between $560,000 and $1.2 million. Joe Bidens Net Worth is a Financial Samurai original post. By the end of 2017, he and his wife Jill had earned $11.1 million. The bill was substantialmaybe more than the checkbut so was the furniture, Biden wrote in his 2007 memoir, Promises To Keep. By Angus Bradford Last updated Oct 29, 2022 0. After tax, the figure amounts to roughly $8 million. var cls_disable_ads=function(t){"use strict";var e=function(t){var e=window.location.href;return t.some((function(t){return new RegExp(t,"i").test(e)}))},i=function(){function t(t){this.adthrive=t,this.all=!1,this.content=!1,this.recipe=!1,this.video=!1,this.locations=new Set,this.reasons=new Set,(this.urlHasEmail(window.location.href)||this.urlHasEmail(window.document.referrer))&&(this.all=!0,this.reasons.add("all_email"));try{this.checkCommandQueue(),null!==document.querySelector(".tag-novideo")&&(this.video=!0,this.locations.add("Video"),this.reasons.add("video_tag"))}catch(t){}}return t.prototype.checkCommandQueue=function(){var t=this;this.adthrive&&this.adthrive.cmd&&this.adthrive.cmd.forEach((function(e){var i=e.toString(),a=t.extractAPICall(i,"disableAds");a&&t.disableAllAds(t.extractPatterns(a));var n=t.extractAPICall(i,"disableContentAds");n&&t.disableContentAds(t.extractPatterns(n));var s=t.extractAPICall(i,"disablePlaylistPlayers");s&&t.disablePlaylistPlayers(t.extractPatterns(s))}))},t.prototype.extractPatterns=function(t){var e=t.match(/\'(.*? Joe Biden's Net Worth 2022: Income, Wife, Wiki-bio, Career, and Earnings as a Businessman. If you just take his $17.3 million of earnings and subtract all $11.8 million of known expensestaxes, charitable deductions, housing costs and so onthat would leave you with $5.5 million. Forbes also notes that he and his wife, Jil Biden, have cash and investments worth another $4 million or so as well as a $1 million federal pension. The White House did not respond to multiple requests for comment about Joe Bidens money. When he was elected Vice President, he got another raise, earning roughly $230,000 a year. Take those items out, though, and youre still a few million above Bidens estimated net worth. Career highlights: President of the United States (2021-present); vice president (2009-17); U.S. senator representing Delaware (1973-2009) How Much Is Joe Biden Worth? Given Joe has served the US government for decades, he also has a lifetime pension equal to at least 70% of his last three highest paid years, which was $230,700 as a Vice President. Six months later, the firm announced a contract to build 100,000 homes. 2021, at the age of 78 years . With Felicity Jones, Freddie Highmore, Thomas Brodie-Sangster, Patrick Stewart. Before he was elected as president, Biden served as a senator from 1973 to 2009. But the AP also reports that a lot of the Bidens money came from speaking fees, which ranged from $40,000 to $190,000 with the average around $100,000. 2022 SheMedia, LLC. Biden and his wife and young sons lived in a small house rent-free in exchange for managing a nearby country club pool. But as Biden's earnings went up, so did his expenses. He had a life insurance policy and a handful of retirement accounts, but the majority of his net worth came from his Delaware home and his federal pension, which guaranteed him annual income of some $160,000 for life. It turned out to be a decent investment: The house is now worth an estimated $3.4 million, up about 25% from what they paid four years ago, thanks to surging home values during the pandemic. Joe Biden always paid his taxes, contributing $6.7 million in income tax between 1998 and 2019. They raked in $4.6 million the next year, followed by $1 million in 2019 and $630,000 in 2020. Some of that comes . best free financial tool by Personal Capital. He was also trapped into debt to the tune of $475,000, which included $320,000 in unpaid federal taxes. Its free to sign up and explore. With greater earnings came greater spending. The proposal would place a 2% annual tax on the net worth of households and trusts valued $50 million to $1 billion, and an additional 1% surcharge on net worth exceeding $1 billion.. Along with his wife, Jill, the Bidens' wealth includes two Delaware homes valued. In comparison, the Social Security COLA for monthly Social Security and Supplemental Security Income (SSI) benefits increased by 1.3% in 2021, 1.6% in 2020 and 2.8% in 2019. Updated March 24, 2021 - 12:21 pm President Joe Biden's net worth is $9 million. Every item on this page was chosen by a Town & Country editor. MSNBC's Steve Kornacki Is an Election Icon, disclosures as well as state and federal tax returns for 2016, 2017, and 2018, according to the Senate's historical records. Biden's net worth was $27,012. Since Bidens disclosure shows cash and retirement accounts worth $1.2 million to $2.9 millionfar less than the $5.5 million figurethat suggests Biden parted with at least $2.6 million elsewhere. During much of his time in office, Bidens wife was a professor at Northern Virginia Community College, where she still teaches. When his term as Vice President ended, Joe Biden's last financial disclosure pegged his net worth at $1.5 million. Real estate truly is one of the best ways to build multi-generational wealth. Some of us will never get a chance to sign multi-millionaire dollar book deals and become the Vice President or President of the United States. Theres a chance that Biden, who shares his fortune with his wife Jill, gave some to other family members. His vice president is similarly well-endowed: According to Fortune ,. According to his mostrecent public tax return in 2015, Biden filed a joint tax return with his second wife Jill Biden, reporting a totaladjusted gross income of $392,233 under a 23.3% tax rate, totaling some$91,546in total federal tax. Or you could take a job at half the salary, no guarantees, but there would be no limit to the money you could make. A White House spokesperson did not respond to a request for comment about what sort of staff the Bidens employed. Federal tax laws allow couples to hand off $30,000 per year to anyone without having to report it. The President of the United Statesincluding Bidenreceives a salary of $400,000 per year, according to 3 U.S. Code 102. How is Cuffe Biden Owens related to Joe Biden? Dive in and Share your insights! Per the magazine, most of Biden's wealth is in his real estate. According to Forbes, Biden is worth $9 million. As a student at the University of Delaware in the early 1960s, asked his friends a question: You guys could be guaranteedupon graduationa job at the DuPont company, with a nice starting salary and a job for life, but you would never make more than $40,000 a year (some $350,000 today). But if you look at them from a quality-of-life perspective, they have a little more logic to themmiddle-class Joe wanted to live an upper-class lifestyle, enjoying big homes and sending his kids to pricey schools, so he borrowed big. Depending on how the real estate market and his books sell, the Bidens could be worth substantially more or less in the future. It one of the largest independently owned personal finance sites in the world. In 2021, Biden recognized the Armenian genocide, becoming the first U.S. president to do so. Jill Biden became the first lady of the United States as. In other words, Joe and Jill Biden remained one of the least wealthy members of Congress when Joe left with a net worth close to $0 in 2017. Local pool professionals suggested that could cost more than $75,000. Biden sold it in 1996 for $1.2 million and bought land nearby for $350,000. (According to the documents, the couples gross income was around $11 million in 2017 and $4.6 million in 2018.) COVID-19 slashed $1 billion off Donald Trump's net worth in March. gtag('js', new Date()); So what is Joe Bidens net worth? Though he was once known as the "poorest man in Congress," Biden is now estimated to have a net worth of about $9 million. Along with his wife, Jill, the. The best platform is Fundrise, founded in 2012 in Washington D.C. once the JOBS Act was passed. Hunter Biden's Early Career Born in Delaware on. He is one of the best actors of all time. First elected to the Senate in 1973, Biden was one of the least wealthy members of the chamber. In that time, his salary increased from $42,500 per year to $174,000 per year, according to the Senates historical records. That didnt stop him from dreaming even bigger. Before he was elected as president, however, Biden had a long political career that led him to his current role as the Commander in Chief. Inside Joe Biden's Wallet Biden has amassed an $8 million fortune, thanks to a few lucrative years on the book and speaking circuit. Around that time, Emhoff also. Dragon Rider: Directed by Tomer Eshed. And it's not some big, calculated plan to be this ultra-high net worth individual.. By Tom Kertscher March 10, 2021 AOC's net worth over $1 million? It was his third time as a candidate (he also ran in presidential elections in 1988 and 2008) and the first successful one. .site-title a{background:url(//i2.wp.com/i2.wp.com/financialsamurai.com/wp-content/uploads/2020/07/cropped-financial-samurai-banner-2020.png) no-repeat !important; } The AP reports that Biden's basic speaking fee was $100,000, but it ranged from $40,000 to $190,000. March 15, 2021, 7:00 AM. "It's important," she said, "and I want people to value teachers and know their contributions, and lift up the profession. His father tried out a number of businesses but they all failed, and the family fell on hard times. The story of how Biden became a wealthy man in the wake of his vice presidency, leveraging his fame to sell books and deliver speeches, has been told many times. Biden himself acknowledged in his memoir, I was in constant danger of falling behind.. After Biden became vice president, he received some extra income to pay for his house. It is strange how a $150,000+ earning Senator and a $230,700-earning Vice President for eight years could remain so poor. Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive.