Biden earned more than $15 million after leaving White House

  • Democratic presidential candidate and former Vice President Joe Biden speaks at a town hall on Sunday, July 7, 2019, in Charleston, S.C., as state Sen. Marlon Kimpson looks on. (AP Photo/Meg Kinnard) Meg Kinnard

  • Democratic presidential candidate and former vice president Joe Biden arrives to speak with reporters outside a restaurant, Sunday, July 7, 2019, in Charleston, S.C. (AP Photo/Meg Kinnard) Meg Kinnard

  • Biden

Associated Press
Published: 7/10/2019 6:34:14 PM

Joe Biden and his wife, Jill, took in more than $15 million since leaving the Obama White House, according to newly released documents, catapulting the Democratic presidential candidate into millionaire status and denting the working-class aura he’s developed over decades.

Long fond of describing himself as “Middle Class Joe” while he took in little more than his government salary, the former vice president stressed his working-class roots from the very beginning of his bid for his party’s 2020 presidential nomination. But federal tax returns and a financial disclosure released Tuesday show that since Biden left public office, his income has surged thanks to a lucrative book deal and constant publicity tours that brought in more than $4 million.

Biden’s disclosure showed that he also made at least $2.7 million in business income as part of his publicity tour and writing and took a $425,000 salary from CelticCapri Corp., the business entity the Bidens used for their post-White House work.

Since leaving the White House, Biden and his wife signed a multibook deal with Flatiron Books valued at $8 million, according to Publishers Weekly. Biden’s first book, an account of his son Beau’s death from cancer, briefly topped bestseller lists in 2017. He and his wife have also worked on two other books.

Biden earned $540,000 as a professor and namesake of the University of Pennsylvania’s Penn Biden Center for Diplomacy and Global Engagement. Jill Biden made at least $700,000 in her own speaking engagements, the disclosure shows.

Joe Biden’s basic speaking fee was reportedly $100,000 a speech, but his disclosure showed that while some appearances were priced as low as the $40,000 range, others ranged as high as $190,000 for a lecture at Drew University.

Biden’s last financial disclosure, filed in 2016 during his final year as vice president, showed that even after eight years at his $230,000-a-year government salary, Biden held significant personal debt. The 2016 disclosure revealed financial assets worth more than $273,000 and more than $750,000 in debt. Those liabilities included a mortgage worth more than $500,000 on the rental property and a recent $250,000 home equity loan.

But much of that debt has been paid off, according to the latest disclosure.




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