Joe Biden, the 46th President of the United States, has had a long and distinguished career in public service, starting as one of the youngest senators in U.S. history and later serving as Vice President under President Barack Obama.
As of 2025, President Biden and First Lady Jill Biden have an estimated net worth of $10 million, according to Forbes. This wealth comes from a combination of presidential salary, pensions, real estate holdings, book royalties, and speaking engagements.
Joe Biden’s 2023 Earnings
In 2023, President Biden and First Lady Jill Biden reported total earnings of approximately $620,000 before taxes, a rise from the $580,000 reported in 2022.
This income primarily stemmed from President Biden’s presidential salary, Jill Biden’s teaching job, and additional sources of income like pensions and book royalties. Below is a breakdown of their earnings for 2023:
- President Biden’s salary: $400,000 annually as the U.S. President.
- Jill Biden’s salary: Approximately $86,000 from her full-time teaching job at Northern Virginia Community College.
- Additional income:
- $55,000 from taxable Social Security benefits.
- $35,000 in pensions and annuities.
- $39,000 in interest income.
- $4,100 in book royalties from a limited liability company (LLC).
Despite earning significant income, the Bidens paid about $147,000 in federal income taxes, which reflects an effective tax rate of 24%.
Net Worth: Growth and Sources of Wealth
When Joe Biden took office as President in 2021, his net worth was estimated at around $8 million. Since then, it has grown by approximately 25%, reaching a current net worth of $10 million. This increase can be attributed to:
- Presidential salary: The annual salary of $400,000 has contributed significantly to their wealth.
- Rising real estate values: The Bidens’ real estate holdings, particularly in Delaware, have appreciated over time.
- Stock market gains: As the stock market grew, so did the value of the investments held by the Bidens.
In 2023, the Bidens also made $20,477 in charitable contributions, supporting various causes, including the Beau Biden Foundation, the Tragedy Assistance Program for Survivors, and the National Fraternal Order of Police Foundation.
Royalties from Books and Speaking Engagements
Joe Biden has earned millions from book royalties and speaking engagements.
After leaving the Obama administration, Biden and Jill Biden earned more than $15 million in the two years that followed, primarily from book deals and paid speaking engagements. Notably:
- Biden earned over $540,400 for his position as a Benjamin Franklin Presidential Professor of Practice at the University of Pennsylvania.
- He has authored several books, with notable royalties contributing to their income.
Real Estate Holdings
Real estate plays a significant role in the Bidens’ wealth. They own two properties in Delaware, which have appreciated in value:
- Rehoboth Beach Summer Home: A nearly 5,000-square-foot home valued at around $4.5 million.
- Wilmington Property: A property worth approximately $2.5 million.
These homes are not only valuable real estate assets but also hold sentimental value to the Bidens, having been their long-term residence and vacation home.
Charitable Contributions
The Bidens have consistently supported various causes. In 2023, they contributed $20,477 to 17 different charities. Some of their prominent charitable donations include:
- Beau Biden Foundation: Named after their late son, this foundation supports child protection initiatives.
- Tragedy Assistance Program for Survivors (TAPS): This organization provides support to families of fallen soldiers.
- National Fraternal Order of Police Foundation: A charity aimed at supporting law enforcement officers.
