How Did Joe Biden Make His Money?

Joe Biden has been in politics for over 40 years, and he’s been earning a salary as a politician for almost that entire time. In addition to his salary, Biden also has earned income from book royalties and speaking engagements. He’s also been able to take advantage of some lucrative investments, including a stake in a hedge fund.

All told, Joe Biden is worth an estimated $1.5 million. That might not sound like a lot, especially compared to some of his fellow politicians, but it’s still a pretty impressive sum. Here’s a closer look at how Joe Biden has made his money.

Salary: Joe Biden has been earning a salary as a politician for almost his entire career. He first became a U.S. Senator in 1972, and he served in that role for 36 years. During his time in the Senate, Biden earned an annual salary of $174,000. In 2009, he became Vice President of the United States, and he has been earning a salary of $230,700 ever since.

Book Royalties: In 2007, Joe Biden released his first book, Promises to Keep: On Life and Politics. The book was a best-seller, and it earned Biden royalties of $200,000. He released his second book, Where the Light Ends, in December 2017.

Speaking Engagements: Biden has also been able to earn income from speaking engagements. He typically charges between $50,000 and $100,000 for a single speech. In 2017, he gave 22 speeches and earned a total of $2.5 million from them.

Investments: Biden has also made some savvy investments over the years. In 2006, he invested $500,000 in a hedge fund called Paradigm Global Advisors. The investment has paid off handsomely, and Biden’s stake in the fund is now worth an estimated $1 million.

All told, Joe Biden is worth an estimated $1.5 million. That might not sound like a lot, especially compared to some of his fellow politicians, but it’s still a pretty impressive sum. Here’s a closer look at how Joe Biden has made his money.

Salary: Joe Biden has been earning a salary as a politician for almost his entire career. He first became a U.S. Senator in 1972, and he served in that role for 36 years. During his time in the Senate, Biden earned an annual salary of $174,000. In 2009, he became Vice President of the United States, and he has been earning a salary of $230,700 ever since.

Book Royalties: In 2007, Joe Biden released his first book, Promises to Keep: On Life and Politics. The book was a best-seller, and it earned Biden royalties of $200,000. He released his second book, Where the Light Ends, in December 2017.

Speaking Engagements: Biden has also been able to earn income from speaking engagements. He typically charges between $50,000 and $100,000 for a single speech. In 2017, he gave 22 speeches and earned a total of $2.5 million from them.

Investments: Biden has also made some savvy investments over the years. In 2006, he invested $500,000 in a hedge fund called Paradigm Global Advisors. The investment has paid off handsomely, and Biden’s stake in the fund is now worth an estimated $1 million.

All told, Joe Biden is worth an estimated $1.5 million. That might not sound like a lot, especially compared to some of his fellow politicians, but it’s still a pretty impressive sum. Here’s a closer look at how Joe Biden has made his money.

Salary: Joe Biden has been earning a salary as a politician for almost his entire career. He first became a U.S. Senator in 1972, and he served in that role for 36 years. During his time in the Senate, Biden earned an annual salary of $174,000. In 2009, he became Vice President of the United States, and he has been earning a salary of $230,700 ever since.

Book Royalties: In 2007, Joe Biden released his first book, Promises to Keep: On Life and Politics. The book was a best-seller, and it earned Biden royalties of $200,000. He released his second book, Where the Light Ends, in December 2017.