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On the day America’s first billionaire president took office, “middle class” Joe Biden boarded the Amtrak out of Washington D.C.’s Union Station, bound for Delaware with the kind of modest fortune you might expect from someone who had spent his adult life as an elected official: $2.5 million, mostly composed of pensions and real estate. But Biden was about to cash in. By the end of 2017, he and his wife Jill had earned $11.1 million. They raked in $4.6 million the next year, followed by $1 million in 2019 and $630,000 in 2020.
However, a closer look at the math prompts a question that hasn’t been asked: Why isn’t Biden even richer? If someone starts with a $2.5 million net worth and earns $17.3 million while the markets are raging, you’d expect him to be worth more than $8 million. So what happened to Biden’s money?
Read the full profile on Forbes: https://www.forbes.com/sites/michelatindera/2021/06/10/heres-how-much-joe-biden-is-worth/?sh=7212725b461b
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