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