The world knows Joe Biden, the current president of the United States of America. The Bidens have always been hardworking, committed individuals to focus on the betterment of the United States and have contributed to society through academics, law, and social service. Let us know ‘Ways The Bidens Made Money In The Past 20 Years’.
Ways The Bidens Made Money In The Past 20 Years
The Bidens saw a major positive change in their financial situation when Joe Biden left the White House and his post as Vice President. Joe and his wife, Jill have continued earning from their academic careers, real estate investments, and royalties, which have seen a boost since 2017. His children have carried the torch forward, excelling in their careers and business, with high individual net worths.
Read on to know how the Bidens family has increased money in the past 20 years.
The Power Couple
Joe Biden
Joe Biden has lived a life dealing with fluctuation in finances his entire life. He was born into wealth, however, his family’s business deals went wrong and that left them broke. In spite of that, he managed to attend a private school and eventually, graduate from the University of Delaware in Law.
After beginning his career in politics, Joe took up the role of an adjunct professor at Widener University School of Law. However, the properties he had purchased with his late wife, Neilia, which he put on rent generated his main income. In 2008, he released his book Promises to Keep. The sales enabled him to earn through royalties, book tours, and events.
In 2017, Joe joined the University of Pennsylvania as their Benjamin Franklin Presidential Practice Professor. His second book, Promise Me, Dad released in 2018 and became a New York Times Bestseller, thus successfully increasing his income.
In addition to these, Joe Biden is now paid his presidential salary and will receive his pension upon retirement. His net worth is said to be around $8 million as of 2022.
Dr. Jill Biden
Jill, on the other hand, has been an English professor since 1981 at Northern Virginia Community College and, despite the break she took, she will return to her job. Other than her academic career, Jill has also written books: a memoir and two children’s books on Joe Biden and the military respectively, which help her earn royalties from the sales. She is a paid speaker at several events too; another source of her income.
While there is no consistent report of her net worth from various sources, it is safe to say her net worth is around $9 million as of 2022.
The Next Generation
Robert Hunter Biden
Hunter Biden has had the most extensive resume and has taken up extremely well-paid jobs right from the beginning of his career. Just like his father, Robert studied law and is an attorney. Robert’s first job was as a consultant at MBNA and by the time he left the firm, he had been promoted to executive vice. Prescient. Soon after, he cofounded Biden & Belair.
Next, Robert joined the board of directors for Amtrak up till 2009. Then, along with his uncle founded Paradigm Global Investors and served as interim CEO. Simultaneously he founded Seneca Global Advisors, a firm to assist companies expanding internationally. Hunter then co-founded Eudora Global, where he currently works. He was the board chairman of the World Food Program. Furthermore, he is on the board of Burisma, an energy company from Ukraine.
Additionally, he has held notable positions in various companies— he was a counsel at Boies Schiller Flexner LLP and was a board member for BHR Partners, a China-based company; the latter stirred quite a bit of controversy.
Hunter’s net worth stands at a whopping $230 million, the highest in the family, which is understandable looking at his work in business, law, and politics.
Ashley Blazer Biden
Ashley has a Master’s degree in social work. Surprisingly, she began her professional career waiting tables at a pizzeria! Her first job was at Northwestern Human Services Children’s Reach Clinic as a clinical support specialist. After she graduated with her Master’s degree, she joined the West End Neighborhood House to gain work experience and appropriate skills.
Ashley then joined the Delaware Center for Justice and rose to the rank of executive director. She left the company in 2019, after working there for fifteen years. During her time here, she created multiple programs on fostering, mental health, gun laws, and public education.
Ashley currently focuses on her charity clothing business Livelihood which she founded in 2017. The brand was created to fight racial discrimination and inequality in income in the USA.
Given her work is more charity-oriented and less focused on business, Ashley’s net worth is said to be around $14 million as of 2022.
Conclusion
Despite the changes in his financial situation since his childhood, Joe Biden and his family have been financially successful in their careers; so much so that the entire family’s net worth put together is more than $250 million. This proves that hard work, perseverance, and good intentions can take you a long way.
FAQs
What properties did Joe Biden put up for rent?
While there have been many properties, the two known ones are as follows:
A cottage at Wilmington with rent of $17000/year
A second home by Rehoboth Beach, Delaware, most likely leased out too.
Did the Bidens collect Social Security?
Yes, from 2009 onwards they focussed on collecting their Social Security, which, along with pensions and annuities, is said to be more than $1 million.
