As the 46th President of the United States, Joe Biden's financial history has been subject to public scrutiny. With a career spanning over four decades in public service, Biden's income has been shaped by his roles as a senator, vice president, and now, president. In this article, we will delve into the various ways Joe Biden has made money throughout his career, providing an in-depth look at his financial endeavors.
Key Points
- Joe Biden's Senate salary was $42,500 in 1973, increasing to $174,000 by 2008
- He earned $1.2 million in speaking fees from 2017 to 2019
- Biden's book deals, including "Promises to Keep" and "Promise Me, Dad," generated significant income
- As vice president, Biden's annual salary was $230,700
- The Bidens' investment portfolio, including a $2.7 million home in Rehoboth Beach, Delaware, contributes to their overall wealth
Senate Salary and Perks
Joe Biden’s financial journey began with his election to the United States Senate in 1972. As a senator, Biden’s annual salary was 42,500, which is equivalent to approximately 265,000 today, adjusted for inflation. Throughout his six terms in the Senate, Biden’s salary increased, reaching $174,000 by 2008. In addition to his salary, Biden also received perks such as travel expenses, staff salaries, and access to exclusive events.
Speaking Fees and Book Deals
After leaving the vice presidency in 2017, Biden embarked on a lucrative speaking tour, earning $1.2 million in speaking fees from 2017 to 2019. His speaking engagements, which often focused on topics such as foreign policy and leadership, were typically paid for by universities, corporations, and non-profit organizations. Biden’s book deals have also generated significant income, with his memoir “Promises to Keep” (2007) and “Promise Me, Dad” (2017) becoming bestsellers. The exact figures from these book deals are not publicly disclosed, but they are estimated to be in the millions.
| Year | Source of Income | Amount |
|---|---|---|
| 2017-2019 | Speaking fees | $1.2 million |
| 2007 | Book deal ("Promises to Keep") | Estimated $1 million+ |
| 2017 | Book deal ("Promise Me, Dad") | Estimated $2 million+ |
Vice Presidential Salary and Benefits
During his two terms as Vice President under Barack Obama, Biden’s annual salary was $230,700. As vice president, Biden also received a range of benefits, including access to Air Force Two, a secure phone, and a dedicated staff. Additionally, the vice president’s residence, Number One Observatory Circle, was provided to the Bidens at no cost.
Investments and Real Estate
The Bidens have also invested in a range of assets, including real estate and stocks. In 2017, they purchased a $2.7 million home in Rehoboth Beach, Delaware, which has been reported to generate significant rental income. The Bidens’ investment portfolio is managed by a financial advisor and includes a range of stocks, bonds, and other securities. While the exact details of their portfolio are not publicly disclosed, it is estimated to be worth millions.
In conclusion, Joe Biden's financial history is characterized by a range of income sources, including his Senate salary, speaking fees, book deals, vice presidential salary, and investments. As a public figure, Biden's financial dealings are subject to intense scrutiny, but his various endeavors demonstrate the lucrative opportunities available to former high-ranking government officials.
How much did Joe Biden earn as a senator?
+Joe Biden's Senate salary was $42,500 in 1973, increasing to $174,000 by 2008.
What is the estimated value of Joe Biden's book deals?
+The exact figures from Joe Biden's book deals are not publicly disclosed, but they are estimated to be in the millions.
How much did Joe Biden earn as Vice President?
+Joe Biden's annual salary as Vice President was $230,700.
Meta Description: Discover the 5 ways Joe Biden made money, including his Senate salary, speaking fees, book deals, vice presidential salary, and investments. Learn more about the financial history of the 46th President of the United States. (145 characters)
