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As Joe Biden leaves the White House in 2024, many are curious about how his financial standing has evolved throughout his political career. Once known as “Middle-Class Joe,” Biden’s net worth has grown considerably since his early days in public service. From his post-vice presidency ventures, including book deals and speaking engagements, to his time as the 46th president, Biden’s financial journey is one of significant transformation. Let’s take a closer look at Joe Biden net worth 2024 and the factors that have contributed to his wealth.
Joe Biden’s Financial Journey Before the Presidency
Before becoming the 46th president of the United States, Joe Biden’s financial status was significantly more modest than that of many politicians. For years, Biden referred to himself as “Middle-Class Joe,” emphasizing his modest income from public service. From his early days as a senator, earning a government salary, Biden and his family led a relatively simple life compared to wealthier political figures. However, his financial situation changed after leaving the vice presidency in 2017, when Biden capitalized on opportunities such as book deals and speaking engagements. These lucrative ventures set the stage for his growing net worth in 2024.
Post-Vice Presidency Earnings: Book Deals and Speaking Engagements
After completing his term as vice president, Joe Biden took advantage of high-paying opportunities common for former public officials. His bestselling memoir, Promise Me, Dad, published in 2017, brought in substantial royalties. Additionally, Biden earned significant income through paid speaking engagements, reportedly charging six-figure sums for appearances. These activities helped him amass millions in the years leading up to his presidential run. As of 2024, his income streams from publishing and speaking continue to bolster his net worth, making him far wealthier than during his earlier years in politics.
Joe Biden’s Salary as President
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As president, Biden received an annual salary of $400,000, which includes a $50,000 expense account. This income, while substantial, is a fraction of what he earned through his post-vice presidency activities. However, the benefits of the presidency, such as residence in the White House and official travel, alleviate many personal expenses. While in office, Biden focused on public service over personal wealth accumulation, but his earnings as president contributed to his overall financial portfolio. In 2024, Biden’s net worth continues to reflect the combination of his presidential salary and outside income.
Investments and Real Estate Holdings
A key contributor to Joe Biden’s net worth in 2024 is his investment portfolio and real estate holdings. Biden owns two properties in Delaware, including a lakeside home in Wilmington and a vacation home in Rehoboth Beach. These properties have appreciated in value over time, contributing to his wealth. Additionally, Biden has diversified investments in stocks, bonds, and mutual funds. His financial advisers have likely managed these assets to ensure steady growth during his presidency. This combination of real estate and investments plays a crucial role in boosting Biden’s net worth in 2024.
Joe Biden Net Worth 2024
By 2024, Joe Biden’s net worth is estimated to be $10 million, a significant increase from the days when he described himself as “Middle-Class Joe.” His post-vice presidency income from book sales, speaking engagements, and investments has been the primary driver of this financial growth. While serving as president, Biden focused on public policy rather than accumulating personal wealth, yet his financial position remains strong as he leaves the White House. His wealth in 2024 reflects both his public service and private endeavors over the years.
A Financial Legacy Beyond the White House
Joe Biden’s financial trajectory from his early days in politics to his post-presidential years shows the potential for growth, even for those who start with modest means. As Biden leaves the presidency in 2024, his net worth represents a combination of strategic investments, lucrative deals, and public service.
Amanda Blankenship is the Director of Social Media for District Media. In addition to her duties handling everything social media, she frequently writes for a handful of blogs and loves to share her own personal finance story with others. When she isn’t typing away at her desk, she enjoys spending time with her daughter, husband, and dog. During her free time, you’re likely to find her with her nose in a book, hiking, or playing RPG video games.