here’s how the presidential couple earned more than $600,000 in 2023

here’s how the presidential couple earned more than $600,000 in 2023
here’s how the presidential couple earned more than $600,000 in 2023

Joe Biden became President of the United States on January 20, 2021, he is the 46th president, succeeding Donald Trump. Naturally, like many United States presidents, Joe Biden makes a lot of money.

In addition, his wife, Jill Biden, also earns a lot of money from her own career, from university educator to best-selling author. As the United States prepares for another presidential election (in November 2024), the Bidens have released their joint tax return for 2023, which shows that the couple earned a lot of money.

Let’s see where their money comes from and what they do with it.

How much did Joe and Jill Biden make in 2023?

As CNN reports, Joe and Jill Biden won $619,976 in 2023according to their joint tax return, released by the White House on Monday, May 13, 2024, the tax filing deadline for Americans.

The White House also released the tax returns of Vice President Kamala Harris and Second Gentleman Doug Emhoff ($450,299), with Biden saying White House members should be “open and honest”with their collaborators.

The White House released a statement on Monday, May 13, shared by CNN: “President Biden believes that all occupants of the Oval Office must be open and honest with the American people and that the long tradition of the annual release of presidents’ tax returns must continue without interruption “.

This statement is believed to be a subtle attack on Donald Trump, who has refused to release his tax returns when he was president.

How Joe and Jill Biden Won Rains of 600,000 dollars?

According to CNN, most of Joe Biden’s money comes from his salary as president, which amounts to $400,000 with pensions. As for Jill Biden, a lot of her money comes from her position as an educator at a community collegewith a salary of $85,985 – we’ll come back to his career later.

Additionally, the tax return reveals that the couple paid $146,629 federal income tax in 2023, meaning its federal income tax rate is 23.7%. It is also noted that the couple donated $20,477 to 17 charities different during the previous year.

In fact, the Bidens donated $5,000 to “Beau Biden Foundation, a charity aimed at protecting children from abuse, named after Joe’s late son. The couple also made donations to the Fraternal Order of Police, a Wilmington fire station and St. Joseph on the Brandywine, according to CNN.

CNN explains that the couple’s income increased compared to 2022. In fact, they earned $579,514 in 2022, less than what the couple earned in 2021 and 2020 with an income of $610,702 and $607,336 respectively.

A look at Ji’s careerll Biden

As First Lady of the United States, Jill Biden has many responsibilities to handle. According to the White House website, in her first two years as first lady, Jill Biden visited more than 40 states and territories as well as in 10 countries.

Her work includes supporting military families, advocating for improved educational opportunities, and finding a cure for cancer. Jill Biden helped advance two key White House initiatives: Joining Forces and Cancer Moonshot.

Jill Biden is also passionate about education, as she has been a teacher for over 30 years, and has advocated for improving educational opportunities for all students and providing more affordable options.

Furthermore, Jill Biden continues to teach, she is an English and writing teacher at Northern Virginia Community College, a position she has held since 2009. The White House website says she is the first president’s wife to pursue an independent career outside the presidential household.

Jill Biden has been teaching since 1976, in high schools, psychiatric hospitals and universities. Jill’s first teaching position was in 1976 at St. Mark’s High School in Wilmington. She then became a reading specialist at Claymont High School.

While teaching, Jill earned a master’s degree in education with a concentration in reading from West Chester University, from which she graduated graduated in 1981. Jill then taught English at Rockford Center Psychiatric Hospital while earning a master’s degree in English from Villanova University.

In 1993, Jill began her teaching career by accepting a position at Delaware Technical Community College. According to the White House website, Jill Biden earned a Doctor of Education (Ed.D.) degree in educational leadership from the University of Delaware in 2007, making her Doctor Jill Biden.

Joe and Jill Bi Net Worthden

According to Forbes,Joe Biden has a net worth of $10 million, which has grown by 8 million dollars since taking office. The increase in the president’s net worth has nothing to do with his position or his daily affairs.

This increase is due to its real estate. Indeed, Joe Biden owns two houses in Delaware, the total value of which is estimated at around $7 million. That’s $1.8 million more than they were worth when he took office, says Forbes.

The increase in Joe Biden’s net worth is believed to be due to his real estate holdings. Indeed, the president owns two homes in Delaware, the total value of which is currently estimated at approximately 7 million dollars. According to Forbes, home values ​​have increased since Mr. Biden became president: they are worth $1.8 million more than when he took office.

Joe Biden’s most valuable property is his summer home in Rehoboth Beach, which is estimated to be worth $4.5 million. It has an area of ​​4,800 square feet. The president purchased the house in 2017 and in November 2023 he added a pool, which could have cost him nearly $75,000.

Joe Biden’s second home is located in the Greenville neighborhood of Wilmington. The president originally purchased land for $35,000 in 1996. Two years later, he built a 6,850-square-foot colonial-style house. Then, in 2005, he built a 1,900-square-foot cottage.

According to Celebrity Net Worth, Dr. Jill Biden’s net worth is $9 million. Dr. Biden is not only a university professor, she is also an author. She published a children’s book, based on his stepson’s military deployment, Handsome Biden, titledDon’t Forget, God Bless Our Troops (Remember, God bless our troops).

Dr. Biden also published a memoir: Where the Light Enters: Building a Family, Discovering Myselfand in 2020 she published her second children’s book, Joey: The Story of Joe Biden.

This article was translated from Oh!MyMag UK

Sources used:

Forbes: ‘Here’s How Much Joe Biden Is Worth’

CNN: ‘Bidens release tax return that shows they made almost $620,000 in 2023’

The White House: ‘Dr. Jill Biden’

Celebrity Net Worth: ‘Jill Biden Net Worth $9 Million’

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