Joe Biden Net Worth, Presidential Salary, Wealth Details & So on…

Joe Biden’s full name is Joseph Robinette Biden Jr. is 46th and current President of the United States and served as the 47th Vice President from 2009 to 2017 under the presidency of Barack Obama.

What Is the Net Worth of Joe Biden?

As of February 2022, Joe Biden has an estimated net worth of $9 million according to Celebrity Net Worth. He earns $400,000 as a base salary according to Title 3 of the US code and is also entitled to a $100,000 nontaxable travel account, a $50,000 annual expense account, and a $19,000 annual entertainment stipend.

Early Life

Joe Biden was born on November 20, 1942, in Scranton, Pennsylvania. He is the son of Joseph Robinette Biden Sr. and Catherine Eugenia “Jean” Biden. He is the eldest child and has three siblings, a sister named Valerie and two brothers named Francis and James.

He attended Archmere Academy in Claymont and used to play baseball and was a wide halfback wide receiver on the high school football team. In spite of being a poor student, he was class president during his junior as well as senior years.

In 1961, he completed his graduation. He has a degree in Bachelors of Arts which he completed in 1965 with a double major in history and political science and a minor in English.

Personal Life

Biden got married to Neilia Hunter on August 27, 1966, and the duo has three children together: Joseph R. “Beau” Biden III, Robert Hunter Biden, and Naomi Christina “Amy” Biden. 

His wife Neilia and his one-year-old daughter lost their lives in an automobile accident while shopping for Christmas in Hockessin, Delaware. His wife’s station wagon was struck by a semi-trailer truck as she moved out from an intersection.

Fortunately, his two sons Beau and Hunter aged 3 and 2 managed to survive the accident and were rushed to hospital for diagnosis as Beau has suffered from a broken leg and other injuries whereas Hunter had a minute fracture in the skull along with other head wounds.

During that time, seeing the adverse situation, Biden had thought of resigning but then he was convinced not to do so by Senate Majority Leader Mike Mansfield. 

With this accident, he was so outraged and had religious doubts, he even penned that he “felt God had played a horrible trick” on him, and also faced difficulties in concentrating on work. 

Biden thanks his second wife Jill Tracy Jacobs for the revival of his interest in politics as well as life. The duo first met with each other on a blind date in 1975 and got married in 1977 in New York. They had welcomed their first daughter together in 1981 named Ashley Biden who is a social worker. 

Biden’s eldest son Beau was an Army Judge Advocate in Iraq and later he became Delaware Attorney General, he had brain cancer and succumbed to death due to his disease in 2015. Hunter is an investment adviser and a Washington lobbyist.

Biden also served as an adjunct professor from 1991 through 2008, at Widener University School of Law, he co-taught a seminar on constitutional law. Even sometimes, he used to fly back overseas for teaching.

Joe Biden, Joe Biden Net Worth
Joe Biden

Career

Following Biden completing his college, he served as a law clerk prior to serving as a public defender and beginning his own law firm. In 1969, he got engaged in politics for the first time when he ran for a seat on the New Castle County Council. He won the election and kept his eyes on the US Senate nearly immediately.

In 1972, he left Republican incumbent J. Caleb Boggs behind and became the junior U.S. senator from Delaware. Biden was also the single Democrat who was interested in opposing Boggs. As he was provided with small funds for campaigns, he was left with no chances of getting the victory.

The campaign was anyhow managed by family members, which reckoned on interacting with voters in person and hand-distributing position papers, an idea that was made possible by Delaware’s small size.

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AFL–CIO and Democratic pollster Patrick Caddell helped him. Biden’s platform was targeted upon the environment, exit from Vietnam, mass transit, civil rights, health care, fair taxation, and public displeasure with “politics as usual”.

Biden dropped behind Boggs by almost 30 percentage points just a few months prior to the election, but the energy he had, his charming young family, and capability to associate with the sentiments of voters became his strength and proved to be advantageous which resulted in him winning with 50.5 percent of the vote.

He was still at the of 29 during the time of his election, but ahead of when he was taken on as Senator, he reached the age of 30 which is required constitutionally.

He ran for the Democratic nomination in 1987, however, he got into trouble as he had accusations of forging a speech. And this controversy ultimately affected his nomination and made Biden pull out from the race.

Biden attempted to run for the Democratic nomination again in 2008.  But despite his campaign consisting of several valid points, the remarks he gave regarding Barack Obama as well as on Indian people turned into significant mistakes.

Biden also faced difficulties in raising money and was never a critical competitor against either Hillary Clinton or Obama. Ultimately, he was appointed as Vice President by Barack Obama and he dropped his position in the Senate in 2008 in order to serve in Obama’s administration. 

Joe Biden was nominated officially as the Democratic Party nominee for president in the 2020 election at the 2020 Democratic National Convention.

In November 2020, he became the 46th President of the U.S. by defeating Donald Trump but Trump declined to accept claiming that the election had been “stolen” from him through “voter fraud”.

Trump challenged the election results in court and raised several conspiracy theses regarding the voting and vote-counting procedures, with an intention to reverse the results. As a result of the White House’s order to federal agencies not cooperating, Biden’s transition was postponed by many weeks.

Biden was officially identified as the ultimate winner of the 2020 election by General Services Administrator Emily W. Murphy on November 23 and the beginning of a transition process to the Biden administration was then authorized.

During Congress’s electoral vote counting on January 6, 2021, Trump told his followers massed in front of the White House to march to the Capitol, stating, “We will never give up. We will never concede. It doesn’t happen. You don’t concede when there’s theft involved.”

Shortly after, the Capitol was invaded by them. During the Capitol riot, Biden addressed the nation and called the incident “an unprecedented assault, unlike anything we’ve seen in modern times.”

He particularly referred to Trump to “go on national television now to fulfill his oath and defend the Constitution and demand an end to this siege”, he further added, “it must end now.” 

Following the Capitol was cleared, Congress recommenced its joint session and formally authorized the results with Pence announcing Biden and Harris as winners.

We will keep you updated with all the latest information until then stay tuned to our website.

About Mateusz Makosiewicz

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