What Is Joe Biden's Net Worth in 2023?

The President of the United States (POTUS), Joe Biden, is currently estimated to have a net worth of $10 million. It was recorded that President Biden entered into office with a total of $8 million when he assumed office on January 20, 2021. However, the POTUS didn’t get this $2 million increase from politics or family business—he is still into real estate. 

President Biden owns two houses in Delaware that are estimated to be around $7 million in total. These houses combined are said to have generated $1.8 million more when he assumed office as President of the United States.

The President's most valuable property is a 4,800-square-foot summer home in Rehoboth Beach, which is considered to be worth $4.5 million. He bought it in 2017. Biden also earned $11.1 million from speeches and books the same year he left the vice presidency. 

It’s been reported that Biden added a pool that cost $75,000 in November of that same year. When the pandemic started, a lot of people went for bigger homes with outdoor amenities, and Biden’s properties got lots of customers—the home is now worth $4.5 million, $1.7 million more than it originally cost.

The President also has a house in Wilmington’s picturesque Greenville neighbourhood, and this is considered to be even bigger. He acquired this land in 1996 for $350,000 before adding a 6,850-square-foot, colonial-style home two years later, before he added a 1,900-square-foot cottage in 2005. This has been the most-valued asset since he refinanced it in 2017. Currently, it’s worth an estimated $2.5 million, of which it generated $700,000 in the last two years. 

In the past, Biden had bought an even bigger house belonging to a storied Delaware family, the DuPonts. In 1975, the 10,000-square-foot mansion was acquired for $185,000. The mansion came with a courtyard, circular drive, pool house, and colonnade—the home was beautiful. Biden, who was serving as a U.S. senator at the time and earned $43,000, went on to borrow $160,000 to purchase this mansion.

In 1996, he sold the mansion for $1.2 million, after which he bought land nearby for $350,000, where he built a new home on a pond. He built two houses on this land, which is the Wilmington estate he owns today. He went on refinancing it over the years. When he was elected vice president, the Secret Service rented the cottage, for which they paid $26,400 annually.

Biden left the White House, earning $11.1 million in 2017, $4.6 million in 2018, $1 million in 2019, and $630,000 in 2020, the year he was elected commander in chief. Between his time as vice president and president, his net worth shot up from an estimated $2.5 million to $8 million, a report shows.