Biden's Wealth: A Tale of Two Presidencies
From Humble Beginnings to Millionaire Status
According to CBS, Biden's net worth was a mere $29,000 in November 2009. However, his fortune began to rise during his tenure as Vice President. Today, his net worth is estimated at $10 million, a staggering 25 million more than just two years ago.
Vice Presidential Perks
As Vice President, Biden earned a salary of $230,700. Additionally, he received a number of perks, including free housing, transportation, and a generous expense account. These benefits contributed significantly to his wealth accumulation.
Post-Presidency Windfall
After leaving office, Biden earned an estimated $173 million over the course of four years. This hefty sum came primarily from book deals, speaking engagements, and board positions at various companies. Despite his substantial earnings, Biden's net worth remains relatively modest compared to other former presidents.
"Middle-Class Joe" to Millionaire
Despite his nickname "Middle-Class Joe," Biden has become a millionaire many times over. His wealth accumulation highlights the financial opportunities that often accompany political power.
Komentar