Joe Biden Recognizes Himself As "The Poorest Man In Congress", What Is His Net Worth? Income Source?

Updated On 10 Oct, 2018 Published On

Joseph Robinette Biden Jr. known as Joe Biden is an American politician who was the 47th Vice President of the United States from 2009 to 2017, having been jointly elected twice along with President Barack Obama.

The 75-year-old politician Joe Biden being a well-known politician is speculated to have a lavish lifestyle, though he claims himself as 'the poorest man in Congress.' How much is Joe Biden' net worth? Stick tight as we will reveal the detail including is career and source of income.

The 47th Vice President Joe Biden's Net Worth and Salary

As per an article published in the Bloomberg about the financial holdings of the former vice president Joe Biden, everybody was in shock to find out his total net worth so low.

The reports tell that Biden had an average annual salary of $109,988 throughout Senate and VP political career. Well, the total salary he earned since he became U.S. Senator since 1973 is estimated to be $4,179,550.

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U.S. Senator and a former Vice President Joe Biden

CAPTION: U.S. Senator and former Vice President Joe Biden  SOURCE: The Odyssey Online

From how it sounds, Joe should be millions dollar rich, but his actual net worth is a lot less than what is assumed.

As of 2018, Joe Biden' net worth is reported to be around $900,000, which is a surprising fact that his money is a lot lower than what he is expected to have.

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Vice President Joe Biden has a net worth of about $500,000, while President Barack Obama is worth millions

CAPTION: Vice President Joe Biden has a net worth of about $500,000, while President Barack Obama is worth millions  SOURCE: Heavy

Joe Biden states himself as 'The Poorest Man In Congress.' There are many reasons behind his extremely low bank account.

One of the reason is that he doesn’t own any stocks or bonds and he has no savings accounts. Besides, he is considered to have numerous debts in Real Estate. He is said to have two mortgages and owe between $500,001 and $1 million on them.

He also owes between $250,001 and $500,00 on a home equity line of credit.

Well, we can only wish Joe all the luck for his net worth to grow bigger shortly.

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Joe Biden's Income and Career

Before becoming United States Senator and Vice President, Joe also worked as a clerk for six months at a Wilmington law firm headed by prominent local Republican William Prickett.

He first became a public defender, and then he started his own firm, Biden, and Walsh.

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Joe Biden became Democrat for the New Castle County Council

CAPTION: Joe Biden became Democrat for the New Castle County Council SOURCE: Business Insider

Later, Joe became Democrat for the New Castle County Council and worked there for two years from 1970 to 1972. 

Joe finally made his entry into the Senate election in 1972. Biden became the sixth-youngest senator in U.S. history, and one of only 18 senators who took office before reaching the age of 31.

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Watch the video of Joe Biden receiving a Medal of Freedom Ceremony!

As Vice President, Biden made $230,700 as his annual salary, and he says;

I have no savings accounts, but I got a great pension and I got a good salary. I’ve been really very fortunate.

After serving as the 47th Vice-President of the USA from January 20, 2009, to January 20, 2017, he was named the Benjamin Franklin Presidential Practice professor at the University of Pennsylvania.

There he focuses on foreign policy, diplomacy, and national security while leading the Penn Biden Center for Diplomacy and Global Engagement. 

Really satisfaction and dedication lead the life with happiness rather than the temporary relief with money. 

Stay tuned for more!