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.
Read more: https://www.investingport.com/what-is-joe-bidens-net-worth-in-2023/