Joe Biden is a big name in politics around the world. He has had an amazing history in politics and holds the title of successful politician. After decades of ruling and being in the spotlight, his net worth is becoming a curiosity among his followers.
Approximately two-thirds of President Joe Biden's net worth is invested in real estate, amassed over decades through purchasing and selling properties in Delaware and nearby areas. His business ventures are widely spread.
At the age of 29, he was elected to the U.S. Senate in 1972, becoming one of the youngest individuals ever elected to that body. Unfortunately, some tragic events happened shortly after he was elected, when his sons Beau and Hunter were hurt in a vehicle accident, and his wife Neilia and daughter Naomi were slain.
Let’s unveil some of his important ventures from which his net worth comes.
Joe Biden: Net Worth
According to Forbes, President Joe Biden's net worth is estimated at around $10 million. He has two properties in Delaware: a summer residence in Rehoboth Beach and an estate near Wilmington.
As city residents sought out larger living areas during the COVID-19 epidemic, the appraised value of his beach property soared dramatically, reaching $4.5 million, up from the $2.7 million he had first bought in 2017. But since then, rising interest rates have prevented his real estate holdings from increasing in value.
Biden's yearly restitution as president is approximately $400,000. This amount hasn't changed since George W. Bush's administration. Bush's pay would be almost $717,000 when adjusted for current value, although that amount doesn't go as far now because of devaluation.
Days after buying a home in Chevy Chase, north of downtown Washington, DC, Biden lost his wife and small daughter in a vehicle accident in December 1972. Not long after, Biden was planning on selling his Delaware home.
Joe Biden: Early Life
Joe Biden was born on November 20, 1942, at St. Mary’s Hospital in Scranton, Pennsylvania. He was the oldest child in his catholic family of mainly Irish descent. He has two brothers and one sister named Valerie.
In 1965, Biden graduated from the University of Delaware, and Syracuse University College of Law in 1968.
How did Joe Biden get into politics?
Biden graduated from Syracuse University Law School in 1965, and then he started his first job with a corporate law firm, but realized it wasn’t for him. Instead, he decided to become a public defender. In 1970, he was first elected to the New Castle County Council, where he served until 1972, according to The Miller Center.
He was the seventh youngest known politician in U.S history. When he was elected to Senate in 1972, he secured this position when he was around 30. After that, he served the country for several years, including 1978, 1964, 1990, 2002, and 2008, becoming the longest-serving senator.
Death of Wife and Daughter
At a May 19 campaign rally in Detroit, Biden declared: "I graduated from law school — I'm the first person in my family to attend college." After graduating from law school, I worked for a prestigious legal firm before leaving to work as a public defender. I am here because one thing led to another.
He shared a very heartfelt note, that he "felt God had played a horrible trick" on him and had trouble focusing on work.
What is the First Lady's salary?
The First Lady of the United States of America is regarded as an unpaid "office of honor" and does not receive a salary.
The politician's wife, Dr. Jill Biden, whom he married in 1977, was First Lady from 2021 to January 2025. Before that, from 2009 to 2017, she was the Second Lady during Joe's two terms as Vice President in the Obama administration.
Equality Movements
Biden was one of the Senate's most ardent opponents of racial integration busing in the middle of the 1970s. It was fiercely opposed by his Delaware constituents, and this national resistance eventually caused his party to largely renounce its school integration policy. Biden opposed a proposed constitutional amendment that would have outright banned busing.
During his first Senate campaign, Biden had stated support for busing as a means of addressing de jure segregation, as in the South, but opposed its use to address de facto segregation resulting from racial patterns of neighborhood residency, as in Delaware. Biden backed a 1976 law that prohibited using government funds to transport pupils outside of their nearest school.
Frequently Asked Questions (FAQs)
1. When was Former U.S. President Joe Biden born?
Joe Biden was born on November 20, 1942, at St. Mary’s Hospital in Scranton, Pennsylvania. His services to his country are recognized around the globe.
2. What is the net worth of Joe Biden?
The estimated net worth of the Former U.S president is around $10 million as of today, his wealth comes from different resources in which he has invested.
3. When did Biden become president of the US?
Joe Biden became the 46th President of the United States on January 20, 2021, following his victory over currently officeholder President Donald Trump in the 2020 presidential election.
