How Biden Went From ‘One Of The Poorest’ In Congress To Multimillionaire

  • When Joe Biden was a US senator, he referred to himself as “one of the poorest members” of Congress.
  • But his fortunes rose precipitously following his years as vice president, thanks to a flurry of cash from book deals and speeches —  as well as regular kickbacks from his brother and younger son, according to text messages from Hunter Biden’s laptop and a congressional probe.
  • In 2016, his last year as vice president, “middle-class Joe” reported between $291,000 and about $1 million in assets and income outside his vice presidential salary of $230,700. He also claimed between $780,000 and about $1.6 million in liabilities, according to his 2016 personal financial disclosure form.
  • But Biden’s fortunes rapidly changed between 2017 and 2020, with help from both his son Hunter and his brother James, according to a congressional report.
  • In the year after he left office as vice president in 2017, Biden and his wife, Jill, earned more than $11 million, and raked in $4.6 million the following year, according to Forbes.