Forbes

ABOVE-AVERAGE JOE

President Biden’s net worth has soared in recent years.

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THROUGHOUT HIS career, Joe Biden was fond of saying he was the “poorest,” or one of the poorest, officials in Congress. That’s no longer the case. During a campaign stop last year in South Carolina, he said he was “stunned” by his postvice-presidenti­al earnings, citing the success of Promise Me, Dad, his book about his son Beau, who died of cancer in 2015: “I didn’t realize it, but I made a lot of money.” Thanks to his book deal and the speaking circuit, Biden and his wife, Jill, raked in about $11 million in 2017 and another almost $6 million in 2018 and 2019. He used some of that to buy a 4,800-square-foot seaside escape in Rehoboth Beach, Delaware, for $2.7 million in 2017. His most valuable asset, it’s now worth an estimated $3.4 million, up some 25% in four years— lifted in part by surging home values during the pandemic. Forbes pegs Biden’s net worth, after taxes and spending, at an estimated $9 million, including the beach house, a home in Wilmington, Delaware, a federal pension worth more than $1 million, plus cash and investment­s. That’s to say nothing of his recent raise: Biden earns $400,000 a year as president, up from $230,700 as VP.

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