- Joe Biden officially declared his candidacy for president on April 25.
- Biden once described himself as “the poorest man in Congress.”
- His salary as vice president was $230,700.
Former Vice President Joe Biden joined the crowded Democratic field for 2020 after he officially announced his candidacy for president on April 25.
“If we give Donald Trump eight years in the White House, he will forever and fundamentally alter the character of this nation — who we are,” Biden said in a video posted on social media. “And I cannot stand by and watch that happen.”
As Biden plans the next steps of his presidential campaign, take a look at the wealth of America’s 47th vice president.
Birthdate: Nov. 20, 1942
Net worth: $900,000
Main sources of income: Vice presidential salary
Career highlights: Helped lead country for eight years under the Obama administration
Joe Biden’s Net Worth: $900,000
Joe Biden’s net worth is $900,000, according to Celebrity Net Worth. Most of his wealth likely comes from his eight years as vice president, during which he received an annual salary of at least $230,700. However, his pension might total more than $248,000 per year.
By Biden’s own admission, he considered himself “the poorest man in Congress” and said that he had no listed investments, ABC News reported in 2014. On the other hand, his 2015 tax return, which was filed jointly with his wife, Jill Biden, also showed that they had an adjusted gross income of $392,233.
Joe Biden’s Political Career
Biden was elected to the Senate from the state of Delaware in 1972 when he was 29, becoming one of the youngest senators in history. His first wife and young daughter were killed in an automobile accident only weeks after his appointment, an event that influenced his decision to commute to the Senate by train.
During his time in the Senate, Biden presided over several governmental boards, serving as chairman of the Senate Foreign Relations Committee and chairman of the Senate Judiciary Committee. He ran for president twice, once for the 1988 race and again for the 2008 presidential election.
Some of Biden’s political highlights include:
- 1990: Introduced the bill that became the Violence Against Women Act (VAWA), which addressed domestic abuse and violence.
- 2002: Voted to authorize military intervention in Iraq, but later criticized the conflict.
- 2010: Assisted in the passing of the 2010 Affordable Care Act.
Keep reading to see how past presidents and vice presidents are staying wealthy.
More on Net Worths
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- A Look at Alexandria Ocasio-Cortez’s Finances as Her Star Rises in the Democratic Party
- How Nancy Pelosi Has Earned Millions as She’s Confirmed as Speaker of the House Once More
- How Much Is Cory Booker Worth? A Look at the Presidential Candidate’s Finances
Figures accurate as of Dec. 4, 2018.