Joe Biden, the 46th President of the United States, has had a long and distinguished career in public service, spanning more than five decades. Throughout this time, he has built a notable financial portfolio, with a significant increase in his wealth after leaving the vice presidency in 2017. As of 2025, President Biden and First Lady Jill Biden’s net worth is estimated at approximately $10 million, reflecting their steady income sources, real estate holdings, investments, and post-presidency activities. This article explores the Bidens’ financial journey, including their 2023 earnings, net worth, and the sources of their wealth.
Joe Biden’s Personal and Family Details
Joe Biden was born on November 20, 1942, making him 82 years old as of January 2025. His career in public service began at the young age of 29 when he was elected to the U.S. Senate in 1973, where he served for 36 years. He went on to become the 47th Vice President of the United States under President Barack Obama before being elected the 46th President of the U.S. in 2020.
Dr. Jill Biden, born Jill Tracy Jacobs on June 3, 1951, is 73 years old. She has had a distinguished career in education, continuing to teach full-time at Northern Virginia Community College. Together, they form one of the most influential political couples in America, with both continuing to have a strong impact in their respective fields.
Biden’s 2023 Earnings Breakdown
In 2023, President Joe Biden and First Lady Jill Biden earned around $620,000 before taxes, slightly more than the previous year’s reported earnings of $580,000. The bulk of their earnings came from their government salaries and Jill Biden’s teaching position. The president’s salary, set at $400,000 per year, remains a fixed amount while he serves in office. Dr. Jill Biden’s salary from her role as a full-time professor at Northern Virginia Community College is approximately $86,000 annually.
Additional income sources for the Bidens included $55,000 in taxable Social Security benefits, $35,000 in pensions and annuities, and $39,000 in interest from various investments. They also received about $4,100 from book royalties, which were managed through an LLC they established to handle such earnings.
Additional Income Sources and Investments
In addition to their salaries, the Bidens’ wealth has been bolstered by income from speaking engagements and book royalties. Since leaving the vice presidency, Joe Biden and his wife have earned millions from these ventures. Between 2017 and 2019, the Bidens earned more than $15 million, primarily through book deals, speaking engagements, and other appearances.
President Biden’s memoir, “Promise Me, Dad,” and his post-office speaking tours have been significant contributors to their wealth. Furthermore, Biden earned over $540,000 for his role as a professor at the University of Pennsylvania, where he held the position of “Benjamin Franklin Presidential Professor of Practice.”
The Bidens’ investments in the stock market, along with their various income streams, have continued to help them grow their wealth in recent years. The strong performance of the stock market and the rise in the value of their real estate holdings have also contributed to the increase in their net worth.
Real Estate Holdings and Property Values
A substantial part of the Bidens’ wealth is tied up in real estate. They own two properties in Delaware, both of which have appreciated significantly in value. One of their properties is a nearly 5,000-square-foot summer home in Rehoboth Beach, Delaware, valued at approximately $4.5 million. The other is a home in Wilmington, Delaware, valued at about $2.5 million. These properties, along with other assets, have significantly contributed to their net worth.
The Bidens’ investment in real estate has been a key factor in their financial success. The increasing value of their homes, particularly their beach property, has played a role in the rise of their wealth over the years. As of 2025, these properties continue to be significant assets in their portfolio.
Charitable Contributions
The Bidens have been known for their philanthropic efforts throughout their careers. In 2023, they donated $20,477 to 17 different charitable organizations, including those close to their hearts such as the Beau Biden Foundation, the Tragedy Assistance Program for Survivors (TAPS), and the National Fraternal Order of Police Foundation. These contributions highlight the Bidens’ commitment to giving back to various causes and communities.
Biden’s Financial Legacy and Future Outlook
As of 2025, President Joe Biden and First Lady Jill Biden’s combined net worth is estimated at $10 million. This represents a 25% increase since Biden took office in 2021, with much of this growth attributed to the rise in real estate values and a strong stock market. Biden’s wealth also reflects his continued work in the public sphere, with income from government salaries, teaching, and other ventures.
While the Bidens’ net worth is modest in comparison to some other political figures, it is still substantial, especially considering their years of public service. Their wealth is a combination of steady income, real estate investments, post-office earnings, and long-term planning. Looking ahead, the Bidens will likely continue to see their wealth grow, particularly if the strong markets for real estate and investments remain favorable.
In conclusion, Joe Biden’s financial position in 2025 highlights his successful career in government, his post-office endeavors, and his family’s prudent investment decisions. With steady earnings from the presidency, book royalties, and real estate, the Bidens’ net worth is expected to continue on an upward trajectory in the coming years. As they approach the latter part of Biden’s presidency, their financial situation is strong, underscoring both their financial acumen and long-term planning.
