Joe Biden Has Surprisingly Low Net Worth After Making $17.3 Million In Four Years – By Nathan Francis (Inquisitr) / July 31 2021
Joe Biden had a very lucrative period between White House stints, making a reported $17.3 million in the four years between leaving the Obama administration and becoming president in 2020.
But despite the high earnings during that period, Biden had a surprisingly low net worth as he returned to the White House, less than half of the money he made during that period. Read on to learn just how Biden made his money, and what happened to the rest of his net worth.
Biden Makes Millions
As Forbes reported, Joe and Jill Biden had been gradually building their net worth over the last several years, starting with $2.5 million when the Obama administration left the White House and earning more than $11 million over the next year. It is not uncommon for presidents and vice presidents to see a significant increase to their net worth shortly after taking office, as they are now free to pursue opportunities not available to them during their time in the White House. Bill Clinton and Barack Obama both scored book deals and gave lucrative speeches, making six figures for a day of work.
As Forbes noted, the Bidens continued to build their net worth during Donald Trump’s time in office.
“They raked in $4.6 million the next year, followed by $1 million in 2019 and $630,000 in 2020,” the report noted.
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