How Joe Biden Spends His Millions

[Music] with over 11 million dollars made in 2017 alone biden is far from your average joe while some americans know the long-standing politician by the nickname middle-class joe the reality is that the democrat is flush with cash up to his eyeballs and then some as a multi-millionaire growing in financial stature with each and every passing day the scranton man can afford to throw those ben franklins around like there's no tomorrow fast cars check multiple mansions check how about tens of millions of dollars worth of private jet travel yep checkity check check so how exactly does joe biden spend his cash and how has he become so darn loaded in the first place let's find out if you've ever read joe biden's memoir yep that's the one then you'll know that the money loaded pennsylvanian comes from humble beginnings in joe's very own words he grew up broke scrambling to make ends meet oh how the times do change fast forward to today after the better part of a half a century in the revolving door of american politics and it's fair to say that joe ain't broke no more according to forbes biden is worth a sizzling nine million dollars it would take the common blue collar worker on a 50 000 salary a whopping 180 years of saving every single penny to reach the heights of joe's bank balance while his wallet isn't quite as fat as that of celebrity politicians like the governator whose net worth is close to 400 million or former rumored presidential candidate kanye west who's recently soared into billionaire territory joe biden's treasure chest does outshine that of most traditional politicians let's compare a few names then shall we joe is worth nine times more than mike pence four and a half times more than bernie sanders and almost three million more than kamala harris before we explore the insane ways joe splashed his cash let's decipher his rise to fame and fortune how did this young scranton lad grow up to become a household name worth nearly eight figures owning the tv screen and headlining newspapers the money started to trickle in for biden when he was first elected to be the senate as a 29 year old in 1973. remarkably this achievement made him one of the youngest senate members in american history what started as a relatively small salary of 42 500 gradually increased over time growing to an enviable 174 000 per year then he was given another 30 raise when he took the mantle as vice president underneath barack obama in 2008. we'll do the math for you it was a cool 230 000 annual paycheck not too shabby eh however since 2016 the majority of biden's crisp dollar bills have come from an entirely separate field his public speaking and his book deals with plenty of unique insight into the world of the white house under his hat the demand for his literature was huge so when flatiron books approached him with a multi-book deal valued at a scorching 8 million dollars he was quick to sign on the dotted line as for his public speaking commitments cha-ching biden's basic public speaking fee is 100 grand per appearance but it's been as high as 190 000 of course that doesn't even include the additional 540 000 he earned as a professor at the university of pennsylvania it was thanks to these commitments that joe and his wife jill were able to rake in a sizzling 15 million dollars over the course of 2017 and 2018. clearly this dude isn't short on cash and clearly as you're about to witness he's not afraid to throw it around either hail mary style with his father being a car dealer for gm biden's always been drawn to chevy's his dream car none other than a chevy corvette z06 joe's pride and joy though is this gem a green 1967 corvette stingray this beautiful beast is powered by an l79 v8 engine that generates an impressive 350 horsepower which can send the iconic vintage model from zero to 60 in just 5.8 seconds and we saw that firsthand when joe drag raced colin powell the car even made another appearance on tv featured in an ad promoting american manufacturing similar pristine models have reached nearly a million bucks at auction luckily for joe's hip pocket this one was a wedding gift from his father despite the love for his corvette joe's also admitted back in 2010 that he owns an old-school jeep which has been parked in his driveway continuously since 1973. long before taking the wheels of the stingray and the jeep joe purchased a 1952 plymouth convertible in a vibrant candy apple red after that came a 56 chevy and a secondhand mercedes 190 sl already with 100 000 miles on the ticker all up accounting for inflation we can estimate that bidens easily spend a couple hundred thousand dollars on wheels at least despite his love for the classics he's adamant that the future of the automotive industry needs to be electric we need to take the combustion engine vehicles off the road as rapidly as we can not to be dismissed as well is joe's love for the good old-fashioned train he's been riding the acela line from delaware to washington for over three decades paying thousands of dollars in ride tickets along the way so a jb is thrown around a hefty stack of bills for his cars but compared to his real estate portfolio it's pennies on the dollar ready for a tour way back in 1996 with 350 000 burning a hole in his pocket biden decided to shell out for this property a four acre piece of secluded lakefront land at 1209 barley mill road in the greenville area of wilmington delaware it didn't take long for a mansion to be built covering a ginormous 6850 square feet on top of the jaw-dropping main property there's also a little cottage house on the grounds which biden rents out for a little extra cash like he needs it these days zillow estimates that joe's pad is worth well over a million bucks not a bad investment if you ask us this wasn't his only greenville home take a look at this absolute beauty of a property seems like something straight out of beverly hills right biden paid just 185 000 for this formerly abandoned mansion back in 1974. trust us back then it gave off a totally different impression after two decades of restoration work biden transformed the forgotten shack into a magazine-worthy mansion that he went on to sell for a respectable 1.2 million dollars in 1996. we know what you're thinking what does joe do when the intense hustle and bustle of wilmington becomes all too overwhelming ah well thankfully he owns a significant holiday house over in over in rehoboth beach that's here by the way in case you didn't know this far view road address spans near enough to 4800 square feet and best of all sits right next to the water offering uncompromising views not bad right with six bedrooms a number of outdoor and indoor entertainment spaces more than enough fireplaces and a wonderful list of rustic touches we can't help but be just a little bit jealous still compared to our next property his delaware houses are just glorified huts cast your eye toward this insane 4.7 million dollar palace over in mclean virginia the home boasts five bedrooms nine bathrooms a fully decked out gym and an in-house sauna with luxury touches dotting every corner is it just us or does it kind of look like a mini white house anyway joe and jill began renting this place back in 2017 to the uncomfortable tune of about 19 000 a month yikes if money was no object where would you want to live share your thoughts in the comments come on when it comes to biden's expenses it's not all about old-school cars and mansions fit for a king he's also happy to dish out some of his cash to charities after only donating 70 000 to charitable causes from 1998 to 2016 biden really upped his game after his time as vice president came to a close since 2017 joe and his wife have kindly donated more than one million dollars that's gone to a number of organizations namely the catholic diocese of wilmington and the united jewish federation of chicago generally the more the biden's made the more they were willing to donate thanks to our pals at the la times here are the stats in 2016 the bidens gave 1.5 percent of their income to charity in 2017 they gave 9.2 and in 2018 they donated 6 donations do result in tax benefits however that doesn't mean that joe's immune from paying the tax man in fact he's paid an exorbitant amount to the u.s government since 1998 hold on to your hats people joe biden has been forced to pay 6.7 million dollars in income tax in his final year as vp in 2016 he paid over 3.7 million that's more than most of us will make in an entire lifetime while we won't dwell on it too much it wouldn't be a video about biden's crazy spending if we didn't mention the immense money vacuum that has been his campaigning in the lead up to november of 2020 joe biden's campaign made history he officially spent more money on tv and digital advertising than any other presidential candidate in american history how much we talking exactly more than 582 million dollars on politics if that number sends shivers down your accountant's spine wait until we tell you how much old joe has spent on private jets during his time in the senate biden spent hundreds of thousands of dollars to fly on private planes and helicopters although it's his more recent travel that really digs a hole in his wallet alright we'll rip it off like a band-aid in just three months the third quarter of 2019 biden and his team has paid 923 thousand dollars for private jet usage that folks is utterly ridiculous sure plenty of his travel has been campaign focused however our dear joe isn't shy of a luxury vacation every now and then either the established globetrotter has been snapped venturing all over the world from guatemala to new zealand china australia and even the vatican on top of that it goes without saying that he's ventured across all corners of the u.s of a from baseball games in baltimore to labor day parades in pittsburgh an ncaa basketball game in houston and everywhere in between and when he does travel in fact when he does pretty much anything he needs to dress the part in politics reputation is everything which is why you'll regularly see politicians dressed to the nines since biden is constantly in the public eye he's learned how to rock a two-piece suit yet where his fashion choices really come out to play are within his watch collection the long-standing senator for delaware has been spotted sporting an omega seamaster which is worth a startling 23 200 not just one but two there's this model with a white dial and this one with a stunning ocean blue bezel the collection doesn't end there he also owns a 3600 speed master moon watch and for those budget friendly days a couple hundred bucks seiko chronograph slumming it are you joe what would you do with that kind of money let us know in the comments down below don't forget to like this video subscribe to the richest and have a great day catch you next time you

Channel: TheRichest

Views: 195,529

Keywords: Joe biden, US president, donald trump, 2020 election, democrat party, republican party, spending money, rise to fame, net worth, buying houses, biden houses, biden cars, biden travel, biden vacation, united states, biden money

Id: Jl0DAuqU76Q

Length: 10min 48sec (648 seconds)

Published: Sat Oct 31 2020