- Joe Biden once described himself as “the poorest man in Congress.”
- His salary as vice president was $230,700.
- Biden claims he is the most qualified person to run for president after years of experience in politics.
As the Democratic field for 2020 continues to grow, a strategist for former Vice President Joe Biden has been telling party members that Biden is “95 percent committed to running” for president, according to The New York Times.
During a stop on his 2018 tour to promote his book, “Promise Me, Dad,” former Vice President Joe Biden said he was the “most qualified person” to be president.
As former President Barack Obama’s “bro” plans what his next step will be, 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.
An exact measure of Biden’s net worth is difficult to determine. A 2015 net worth breakdown by Heavy listed three sources with varying estimates: $39,000 to $800,000 (ABC News), $600,000 (Celebrity Net Worth) and $500,000 (TheRichest). 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.
More on Net Worths
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- How Nancy Pelosi Has Earned Millions as She’s Confirmed as Speaker of the House Once More
- Watch: The Real Cost to Live Like Melania Trump
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Figures accurate as of Dec. 4, 2018.