With Bernie Sanders out of the Democratic race for the presidency, former Vice President Joe Biden is now the favorite to win the 2020 presidential election against President Donald Trump. With no deadline for his party’s vice presidential nomination, California Senator Kamala Harris is seen as a consensus front – as a candidate for the Democratic vice presidential nomination, but there is a lot of uncertainty about his fortunes.
The American politician, who is the 47th and former Vice President of the United States and was twice elected together under President Barack Obama, was born in Delaware to former US Senator Joe Biden and has been a member of his father’s political party for nearly two decades as per Net Worth Status.
He ended the Obama administration as deputy secretary of state and then as vice president under former President Bill Clinton.
How He Spends Money to Help the People
Estimates of Joe Biden’s wealth vary, so it’s not easy to predict how much money he’s spent lately. What Joe and Jill Biden should be doing throughout their careers is aggressively saving, investing and carefully tracking their assets.
To avoid potential conflicts of interest, Joe Biden has no qualms about closing a nonprofit that provides health care to people with health insurance.
Jill And he set up a foundation after leaving office to raise money to make college cheaper, Bloomberg reported. He has advocated a wealth tax, but he has not endorsed it, nor has he campaigned against it.
Senators Bill Nelson, left, and Joe Biden react to cheering supporters as Biden heads to a Democratic rally in downtown Orlando on Tuesday, October 23, 2018.
Campaign aide William Brown shows a photo of Biden with his wife Jill Biden during a campaign event in Orlando, Florida, on Wednesday, September 26, 2017.
Joe Biden’s Stunning Net Worth
Financial Samurai stated that Joe and Jill Biden have total assets of about $1.5 million, based on their annual income of $500,000 each, according to Net Worth Stats estimates. He may no longer receive a salary as vice president, but he will receive a federal pension that could be as much as $250,000 a year.
When Joe Biden left the Senate to become Barack Obama’s vice president, he earned nearly $170,000 a year.
It is also clear that he is seeking a nice pension, so he will not be hurting for the money if he is a politician. When Joe Biden’s tenure as vice president ended, his fortune was pegged at $1.5 million by his last financial disclosure.
Apart from his political contributions and fundraising contributions, he is middle class. Biden, known as a “middle-class man” for his self-deprecating self-description, has dramatically increased his wealth and income since leaving office.
He is the only former vice president of the United States with an estimated fortune of more than $1 million, according to Forbes.com.