Real estate attracts US President Joe Biden a lot. He wrote in one of his autobiographies, ‘From the time I was a kid and used to go to school, real estate has fascinated me a lot.’
US President Joe Biden is considered a representative of the middle class.
Democrat Joe Biden was sworn in as the 46th President of America on 20 January 2021. He represents the middle class of the country. Biden, who hails from Delaware, may have come from the middle class of the country at one time, but at the moment he has so much wealth that it would be dishonest to call him middle class. Let us tell you how much property Biden currently owns and what he has.
how much in which year
According to the American magazine Forbes, at the time he was elected as President, he had assets of $ 2.5 million, which includes from pension to real estate. By the end of 2017, Joe and his wife Jill Biden had $11.1 million. In the next year i.e. 2018, he got $4.6 million more. After this, there were one million dollars in the year 2019 and $ 630,000 by the year 2020.
How does Biden spend
Biden has two houses in Delaware which are worth $4 million. He has about 1 million dollars as a government pension. Biden has earned $540,000 million as a professor. Before becoming president, he was associated with the University of Pennsylvania’s Penn Biden Center for Diplomacy and Global Engagement. Biden earns $17.3 million with a net worth of $2.5 million. Of this, $7 million goes to tax and $1.3 million to charity. 180,000 goes to home staff expenses and $80,000 to mortgage interest. He has about $950,000 in cash.
$100,000 per speech
Jill Biden has an amount of US $ 700,000 as a speaker. Before becoming president, Joe Biden also charges $100,000 for his speech. He has a $150,000 loan on his head for a rented property. According to Joe Biden’s tax return released in September 2020, Joe Biden and his wife paid $346,000 in taxes. This tax was on income of about $ 985,000.
Biden fond of real estate
According to a Wall Street General article, real estate attracts Biden a lot. He wrote in one of his autobiographies, ‘From the time I was a kid and used to go to school, real estate has fascinated me a lot.’ Biden was fond of buying homes since he was in his 20s. In 2007, he was named the richest senator.
The Biden couple bought a four-acre bungalow in the year 1996. Spread over 6,850 square feet, the house was worth $350,000 at that time and is now worth more than a million. Before becoming the President, Secret Service agents were living in a part of this house and on which 2200 dollars were being spent every month since the election.
Bought house in 2017
In 2017, Joe Biden bought a $2.7 million house in Delaware. This three-storey house has six bedrooms, porch, as well as it also has a view of the Atlantic Ocean. Apart from this, there is also an outdoor kitchen here. Biden said in an interview that he always wanted that he and wife Jill wanted to be so capable that whenever he felt like buying a house, he would buy it immediately. Today Biden is fulfilling his dream. Now on January 20, he is shifting to a house which is not only luxurious but where living is like a dream come true for him.
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