President Joe Biden Networth 2021

 


President Joe Biden is the President of United States of America. It is reported that his networth is $9 million at is now, which is significantly more than earlier in his career.

This number estimated from Forbes and calculated in 2019, is based on a total portfolio of $4 million in a real estate (President Joe Biden and wife First Lady Dr. Jill Biden own two homes in Delaware), which is worth $4 million, and a federal person worth more than $1 million.

President Joe Biden Sr, who had a profound impact on his son, came from wealth, his father ran a division of America oil. But Joe Sr. set out as an entrepreneur and had several business failures, leaving the family impoverished, ( at one point the children even went to say with their grandmother). 

President Joe Sr. eventually found work selling cars and the family settled in Delaware, where they remain to this day and Joe Jr. completed a work-study program to attend the prestigious Archmere Academy in Claymont.

Joe Biden Sr. started working at a law firm after his marriage to first wife Neilia and then became one of the youngest senator ever elected with a starting salary at about $42,500 a year ($250,000 in today's dollars, adjusted for inflation).

President Joe'' senator salary was $169,300, then his salary as President Obama''s vice president average about $225, 000 every year.

The U.S. law states that the United States President has to be paid a salary while in office.

In 2001, Congress raised the presidential salary from $200,000 to $400,000 and added an extra expense allowance of $50,000 a year.

 The president also receives r $100,000 nontaxable travel account and $19,000 for entertainment. The presidential salary is taxable, but the other added expenses are not.

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