Joe Biden’s net worth: how much does the POTUS earn

Money.it

18 April 2024 - 15:00

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The net worth, biography, and salary of Joe Biden, the president of the United States who is campaigning for reelection in 2024.

Joe Biden's net worth: how much does the POTUS earn

What is Joe Biden’s net worth? This is a very relevant question, especially since we are discussing the current President of the United States, arguably the most powerful person in the world.

On January 20, 2021, Joe Biden took office as the President of the United States along with Vice President Kamala Harris. During his tenure, he faced several crises, including the COVID-19 pandemic, the war in Ukraine, and the delicate global economic situation.

In the US presidential elections 2024 the president will be back on the field to try to obtain a second mandate and, as happened in 2020, he will have to deal with Donald Trump this time with roles reversed.

Let’s see in detail how much Joe Biden earns, taking a look at the biography, the salary and the net worth of the current president of the United States.

Joe Biden’s biography

Born in 1942 and originally from Scranton, Pennsylvania, Joe Biden after graduating in Law from Syracuse University began working as a lawyer.

His life is marked by a very serious family tragedy, with his wife and daughter dying in a car accident in 1972, and the couple’s other two children being injured. The eldest son Beau, who escaped the accident, later died at 46 due to an incurable disease.

Also in 1972, his political career began, being elected senator for the first time from the ranks of the Democratic Party in the state of Delaware where he has lived for some time.

During his long career as a senator, a position he held uninterruptedly from 1972 to 2009, he held the role of President of the Foreign Affairs Committee of the United States Senate for several years.

In 2009 during the administration of Barack Obama he was appointed vice president, the first Catholic to hold this position, being reconfirmed also after the 2013 elections.

In 2019 Joe Biden announced his intention to run in the Democratic Party primaries for the 2020 elections. In truth, he also tried in 1988 but was defeated by Michael Dukakis.

After winning the primaries, Joe Biden won the 2020 presidential elections by defeating Donald Trump following a close head-to-head match between the two, with the challenge that will now arise again during the 2024 US elections.

Joe Biden’s earnings

As President of the United States Joe Biden is entitled to a salary of $400,000 per year. The tenant of the White House previously could also count on a pension of around $250,000 per year.

However, when he was vice president during the Obama administration, it was estimated that between his salary and other earnings, he brought in $407,000 a year.

By 2016, he had collected $230,000 yearly from his salary as the vice president during Obama’s presidency.

Joe Biden’s net worth

According to the Wall Street Journal, Joe Biden and his wife Jill in 2020 declared a gross income of $607,336. This money comes from their pension and other sources.

As for 2023 , the Bidens earned $619,976: in addition to Joe’s salary, there is also the $85,985 compensation received by Jill for her work as a university professor.

Previously the presidential couple declared a total of $579,514 in 2022 and 610,702 in 2021, with Joe and Jill Biden’s earnings thus expected to increase in 2023 compared to the past. It must be said that Donald Trump never disclosed his earnings during his presidency.

Overall, this puts Joe Biden’s net worth at an estimated $10 million when all his earnings and revenue sources are combined.

Original article published on Money.it Italy 2024-04-16 09:37:00. Original title: Quanto guadagna Joe Biden? Patrimonio e stipendio del presidente degli Stati Uniti

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