Joe Biden net worth: How new USA president made his six-figure fortune

Joe Biden wipes away tears during pre-inauguration speech

Joe Biden, 78, was announced as the new President of the US in November with the inauguration set to take place today. Starting his career working as a law clerk, the new President now has an eye-watering net worth.

Before running for President, Joe had a long career in politics in which he started work at a young age.

Joe has multiple streams of income that have all helped him make a fortune.

According to CelebrityNetWorth, the politician is worth a whopping £6.6million.

He first became involved in politics in 1969 when he ran for a seat on the New Castle County Council, where he won the election and set his sights on the US Senate almost immediately. 

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He won the 1972 US Senate election in Delaware where he became one of the youngest senators in US history. 

This role reportedly came with an annual salary of £32,500, the equivalent of more than £150,000 now.

In 2008, he was made Vice President by Barack Obama and gave up his position in the Senate to serve in Obama’s administration.

Thanks to his multiple streams of income, Joe makes a fortune from his speeches and book deals.

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CelebrityNetWorth details how the politician earned £150,000 in 2018 for one speech at Drew University in New Jersey.

In total, he gave 40 speeches from 2017 to 2018, adding to his bank balance.

After Joe left the office of the Vice Presidency, the politician and his wife Jill signed a three-book deal.

It was said to be worth £6million.

After writing Promise Me, Dad, which was a book about his son’s death, the politician promoted his book with a tour where he made over 40 stops.

Basic tickets cost £15 while the VIP tickets, which included a photo with Joe himself, were priced at £300.

On top of the book sales and money from tour tickets, he also received more than £60,000 in royalties and audio rights.

Joe has also made his tax documents available, with the earliest records from him released in 1998.

During this year, he earned a total of nearly £200,000 which stayed consistent until 2009 where it raised by £40,000.

Jill Biden also makes a fortune from her teaching role at Northern Virginia Community College where she is thought to be earning around £70,000.

As well as his multiple streams of income, Joe is also interested in real estate and he owns many properties.

According to Forbes, he has around £3million in the two homes that he owns.

In 2020, Joe became the Democratic nominee for US President thanks to which he was able to claim victory.

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