First lady Jill Biden receives an annual income of approximately $86,000 for her full-time teaching position at Northern Virginia Community College, while Biden receives $400,000 for her position as president
Due to decades of purchasing and selling homes in Delaware and the neighboring counties, the great majority of President Joe Biden’s net worthroughly two-thirdsis invested in real estate.
Since becoming one of the youngest elected members of the U.S. Senate at the age of 29, Biden, the 46th president and current president of the United States, has held elected office. After serving 36 years as a senator from Delaware, Biden was elected to the White House in 2020 and served as the 47th vice president of the United States under the Obama administration.
His salary as president, real estate, pensions and annuities, book royalties, and other sources contribute to the Bidens’ fortune. These represent President Biden’s 2023 income and wealth.
First lady Jill Biden receives an annual income of approximately $86,000 (Image:Getty Images)
Forbes estimates that Biden is worth around $10 million since the president owns two properties in Delaware: a summer home in Rehoboth Beach and a mansion in Wilmington.Biden spent roughly $2.7 million for his seaside house in 2017, but the pandemic increased its worth to $4.5 million as city dwellers sought more room. However, the rise in Biden’s home values has now been halted by high borrowing rates. The highest presidential pay since George W. Bush is $400,000, which Biden receives as president. However, Biden is not receiving the same value for his money as Bush. When inflation was taken into account, Bush was receiving $717,000 in modern currency.
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First lady Jill Biden receives an annual income of approximately $86,000 (Image:Getty Images)
By the end of last year, Biden had taken out over $100,000 from a $250,000 line of credit that he had opened up in 2022, according to Forbes. With a variable interest rate of 1.99 percent, interest rates have an impact on Biden’s borrowing costs.