Joe Biden Net Worth 2024 – At age 29, President Joe Biden became one of the youngest people elected to the U.S. Senate and someone who has been an elected government official since then. In the Obama administration, Biden was a senator from Delaware for 36 years before climbing to the top spot in 2020.
Forbes estimates that President Biden and first woman Jill Biden take a net worth of about $10 million. The Bidens’ wealth is listed to include: his presidential salary; real estate; pensions and annuities; and book royalties, among other things. President Biden’s 2023 earnings and net worth are here.
Biden 2023 Earnings
In 2023, President Biden and the First Lady barrelled in about $620,000 before taxes, according to their tax return they made public in April 2024.
The Bidens earned that reported $580,000 in 2022. Last year, the president and first lady paid about $147,000 in federal income taxes — an effective tax rate of 24 percent.
The president earns $400,000 a year, and the first lady, Jill Biden, who also works full time as an English teacher at Northern Virginia Community College, brings in about $86,000 a year.
In 2023, roughly, that meant earning approximately $55,000 in taxable Social Security, $35,000 in pensions and annuities, and $39,000 in interest. The group of LLCs, through which business was run between the Bidens, collected about $4,100 in royalties from book sales, including for Foreign Affairs, which the Bidens also earned.
Biden Net Worth
Biden arrived in 2021 with around $8 million in net worth, which has since bulked up by 25 percent on the strength of his salary as president, real estate appreciation and a strong stock market that vaults up the value of his held interests, according to Forbes.
Forbes. Is this? “Here’s How Much Joe Biden Is Worth.” (Subscription required.) Charitable giving from the Bidens was tallied as $20,477 to 17 charities, including the Tragedy Assistance Program for Survivors, the Beau Biden Foundation, the National Fraternal Order of Police Foundation and the Veterans of Foreign Wars.
Royalties From Bidens’ Books and Speaking Engagements
Biden has made millions in the past from book royalties and speaking engagements. The Bidens earned more than $15 million in the two years after the Obama administration, according to Forbes, mainly from book deals and speaking engagements.
During the same time, Biden also earned more than $540,400 for a role at the University of Pennsylvania as a “Benjamin Franklin Presidential Professor of Practice.”
Real Estate
Besides his presidential salary and other additional income, much of Biden’s wealth comes from real estate as well. Biden owns two properties in Delaware, one of which is a nearly 5,000-square-foot summer home valued at an estimated $4.5 million, according to Forbes. The other is a property in Wilmington, Delaware, worth an estimated $2.5 million.
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US President Joe Biden, celebrating his 82nd birthday, has a net worth of $10 million, mostly from real estate investments and his presidential salary of $400,000. With decades in politics, Biden’s career and financial journey reflect resilience and service to the nation.
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Joe Biden’s Income and Salary
The President of the United States earns an annual salary of $400,000, a figure set by Congress in 2001 and unchanged since then. While this is a significant amount, it falls below the U.S. income threshold for the top 1%, which is currently around $788,000. Compared to other world leaders, such as Singapore’s Prime Minister, who earns approximately $1.6 million, the U.S. president’s salary is relatively modest on a global scale.
In addition to the salary, the president benefits from numerous perks, including residence in the White House, use of Air Force One and Marine One, access to a fleet of armoured limousines, and round-the-clock protection from the Secret Service. These extras bring the total annual compensation package to around $569,000.
