How Joe Biden became a millionaire

Wealth


Joe Biden used to joke about being “the poorest man in Congress.” It would be impossible for him to claim poverty now.

The years since Biden left the vice presidency in 2017 have fattened his wallet. He and his wife Jill made more than $15 million combined in 2017 and 2018.

[CNBC is looking at how top 2020 presidential candidates accumulated their wealth. Read more about how Bernie Sanders and Kamala Harris made their money.]

Biden’s riches came mostly from book deals and speaking engagements. His sudden explosion of wealth could cut against an image he has pitched to voters for years: “Middle Class Joe,” a humble fighter for workers.

The former vice president’s campaign spokesman Andrew Bates said this week that “fighting for working families has been thee defining cause of Joe Biden’s life.” He added that Biden is “running to restore the American middle class, with everybody — regardless of race, gender, religion, or sexual orientation — in on the deal this time.”

Subscribe to CNBC on YouTube.



Source link

Products You May Like

Articles You May Like

Trump announces automatic student loan forgiveness for disabled vets
5 small moves that will save big on college costs
Married, divorced, single women are financially at risk in retirement
Estee Lauder sees robust fiscal 2020 on booming skincare demand
Nordstrom shares jump after delivering strong profit, even as sales weaken in second quarter

Leave a Reply

Your email address will not be published. Required fields are marked *