How Biden Made Millions Since Leaving VP Position
Joe Biden has made millions of dollars since leaving the White House. How he has made this kind of dough has plenty of people scratching their heads – though the Dems would prefer you not ask the question at all.
For being the ‘Middle-Class Joe,’ he has a lot of explaining to do. After all, it’s hard to identify with the working class when you have millions of dollars in your bank account. You can’t really say that you understand what it means to struggle if you are earning millions of dollars.
Financial records prove that he’s not the poorest man in the Senate, the way that he once described himself. Following his departure of office as VP, he and his wife have made $15 million. That’s not bad in the span of two years.
The financial records that were published in the Washington Free Beacon show that Joe and Jill had income that was around $390,000 following the end of the Obama administration. By the end of 2018, though his tax return showed $4.6 million in adjusted gross income – and that’s actually less than the $11 million that was reported in 2017.
It’s no surprise that people want to focus on the finances of Joe Biden since his son Hunter has had a number of questionable business dealings. Hunter Biden was earning somewhere in the area of $80,000 a month for serving on the board of a Ukrainian company with questionable integrity.
Business Insider just published an article to detail how Joe and Jill Biden have done so well.
Biden’s salary was a paltry $169,000 when he left the Senate. Then, his position as VP for eight years earned him $225,000. They also earned about $500,000 over those eight years in social security and pension.
Biden’s portfolio has grown more impressive since being able to add VP to his resume. He has earned hundreds of thousands of dollars from speaking fees and books. He also has a real estate portfolio that is worth millions of dollars.
After leaving office, Biden decided that it would be a good idea to invest in multiple homes. After all, every Middle-Class Joe owns a $2.7 million beachfront home, right? He also decided to rent a 12,000 square foot home in McLean, Virginia.
On his book tour for “Promise Me, Dad” a book that he wrote about Beau Biden, the son he lost to cancer, he earned quite a bit. The 2017 book earned him anywhere from $8,000 to $90,000 for every stop on his book tour. He also charged $234,000 if a location wanted a VIP appearance for a stop on the book tour.
Forbes released that the book brought in about $1.8 million in total – a book that would not have been as successful if Biden were not the VP of the United States for eight years. Combine that with speaking engagements that added up to $2.4 million and it’s easy to see how Biden was able to earn so much money. Of course, he was charging a pretty penny for his appearances, including a lecture at Drew University that cost the New Jersey institution $190,000 to hear from the former VP.
Bernie Sanders plummeted in the polls when it came out that he was worth millions and had multiple homes. He, too, likes to promote himself as an average guy. However, Americans find it hard to connect with someone who has millions of dollars in the bank and who owns multiple homes. As such, Biden is likely to experience the same problem.
As much as Biden wants to promote himself as an average guy, he isn’t. He could be donating a significant amount of money but he’s not doing that, either. Further, he could be reducing the amount of money that he charges for his lectures simply so that people can learn from the valuable information that he has to share – but he’s not doing that, either. He’s taking advantage of his title and making millions off of it. He even went as far as writing a book about his son to cash in on his son’s death from brain cancer.
Biden has consistently been reported as donating only a small portion to charities. In the 10 years prior to 2008, it was estimated that he only gave about 0.1 percent of his adjusted gross income to charity. Now that he’s a bigger earner, the percentage hasn’t increased too drastically – and this just proves that he’s enjoying quite an impressive lifestyle in comparison to the “average” American he claims to be.