Joe Biden Is Now Worth $10 Million
A Rise in Net Worth Despite No Family Business Involvement
President Biden's estimated net worth is up to $10 million, a significant increase from the $8 million he reported when he took office. This increase is attributed to investments and other income sources, not family businesses.
Forbes magazine, which estimated Biden's net worth, reported that Biden has earned over $173 million since becoming president. This includes income from his previous positions as vice president and senator, as well as investments and other financial activities.
Despite his substantial income, Biden's net worth is still relatively modest compared to other presidents. Former President Donald Trump's net worth is estimated to be $3.2 billion, while former President Barack Obama's net worth is estimated to be $40 million.
Financial experts attribute Biden's increase in wealth to sound investments and his long career in public service. Forbes magazine referred to Biden as "Middle-Class Joe," acknowledging his modest net worth compared to other wealthy individuals.
In conclusion, President Biden's financial disclosures show a substantial increase in his net worth, amounting to $10 million. This increase is not related to family business dealings and highlights his success in investing and his long-standing career in public service.
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