Former Vice President Joe Biden and his wife Jill earned more than $15 million during the two years after they left the White House, with the bulk of it coming from lucrative public speaking and book deals, according to new financial disclosures and tax returns released Tuesday.
The disclosures offer a newly comprehensive view of the money the Bidens amassed since leaving the White House. They show Joe Biden earned more than $7 million in late 2017 and 2018 from dozens of paid speeches, banking up to $234,000 for a single appearance.
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It’s a sharp uptick from where the Bidens’ finances stood in the final years of the Obama administration. Biden, who was elected to the Senate in 1972 and spend the next 44 years in federal office, filed disclosure forms as vice president showing that he and Jill had $303,000 to $1 million in assets and liabilities between $560,000 and $1.2 million.
But in April 2017, months after leaving the vice presidency, both Bidens signed a multi-book deal with Flatiron Books, for Joe Biden to write two books and Jill Biden to write one. Soon after, the Bidens bought a $2.7 million in Rehoboth Beach, Del. The house has six bedrooms and multiple decks and adjoins a state park, according to The Daily Times.
It is the second home owned by the Bidens: They purchased their first, in Wilmington, Del., in 1996. The Bidens also rent a home in tony McLean, Va., a suburb outside Washington.
The tax returns released by Biden’s presidential campaign show the Bidens paid a federal income tax rate of 33.9 percent in 2017 and 33.4 percent in 2018, for a total income tax of $3.7 million and $1.5 million during those years. They gave away a combined $1.3 million to charity in 2017 and 2018.