Joe Biden's Net Worth: $150,000

[DeHannen]

Originally Posted by GRR Spartan

Biden is an exception since the other name for the US Senate is "The Millionaire's Club".

Anyone know what the net worth of his mother is?

[IndoSpartan]

Does any one have numbers and links as to what percentage the candidate's wealth they give to charity? Overseas accounts?

[New User]

LOOK PAST WHAT THEY FEED YOU LEMMINGS

The father can man the son rich.

Bloomberg.com: Politics

Biden's Son Employed in Profession Obama Disdains: Lobbying

By Timothy J. Burger

Aug. 24 (Bloomberg) -- Barack Obama's speech announcing his running mate Joe Biden singled out the Delaware senator's son who is headed for Iraq. Obama didn't mention the profession of Biden's other son, who lobbied for two drug companies and five universities.

Hunter Biden, 38, described as a lawyer in the biography of his father distributed yesterday by the Obama campaign, lobbied for clients that paid his firm at least $380,000 in the first six months of this year, federal records show.

Both Obama and Republican presidential rival John McCain have said lobbyists may not work on their campaigns. McCain recently called lobbyists ``birds of prey,'' and Obama has refused to accept their contributions. In his speech yesterday in Springfield, Illinois, Obama said he's running in part to repair ``a government that has fallen prey to special interests.''

Hunter Biden's work for Oldaker, Biden & Belair on behalf of biotech clients Achaogen, Inc., of South San Francisco and Pulmatrix, Inc., of Lexington, Massachusetts, illustrates the quandary posed when legislators have lobbyists within the family.

``It's always something to watch out for when you have a high-ranking member of Congress or an important senator whose child goes into the influence business,'' said Bill Allison, a senior fellow at the Sunlight Foundation, a Washington nonprofit that advocates transparency.

Influential Connection

``It's not necessarily that the father's going to do favors for the child's clients, but that every other member knows who his father is and what the connection is and that can carry a lot of influence as well,'' Allison said in an interview.

Elizabeth Alexander, a spokeswoman for Biden's Senate office, said the senator follows ethics rules.

``Hunter Biden does not lobby and has not lobbied Senator Biden's office,'' Alexander said in an e-mail. ``Our rules are dictated by the Senate ethics bill, and we follow it by the letter.'' Alexander said she knew of no favors done for Hunter Biden's clients.

Hunter Biden couldn't be reached yesterday through Alexander and did not return a message left on his office voicemail. His home phone in Washington is unlisted.

The senator's Web site describes Hunter Biden as a lawyer.

The Obama-Biden campaign had no comment.

Hunter Biden also sits on the board of Amtrak, the passenger railroad whose federal subsidies McCain has often criticized. Joe Biden rides home to Wilmington on Amtrak trains every night after work in the Senate.

Anthrax Contract

Before Hunter Biden was listed in disclosures as working on the Achaogen account, the company announced in October 2006 that it had received a $24.7 million Pentagon contract to work on anthrax-threat mitigation, according to a press release on the company's Web site.

Achaogen paid Biden's firm $20,000 in the final quarter of 2006, according to filings.

By coincidence, the senator's office in Wilmington had an anthrax scare in October 2006 when an aide opened a letter that had a mysterious powder in it. Authorities later determined it wasn't anthrax.

Hunter Biden's lobbying clients also include the University of Scranton and St. Joseph's University in Philadelphia, which paid Biden's firm $80,000 to lobby the House and Senate on matters including defense appropriations. Another of his clients was Regis University in Denver, which paid the firm $80,000 for the same kind of work in the same period.

To contact the reporter on this story: Timothy J. Burger in Washington at tburger2@bloomberg.net.

Last Updated: August 24, 2008 01:11 EDT

[Toolman]

Originally Posted by WavSpartan

Measuring Wealth of the '08 Candidates - washingtonpost.com

Sen.Joe Biden(D-Del.)
Net worth: $100,000-$150,000
Details: Biden has spent virtually his whole life in public service and does not have much else aside from investments in a small array of mutual funds and cash accounts. He received a $112,000 advance from Random House for a book in 2005.


A look at Biden's net worth - Yahoo! News

WASHINGTON - Sen. Joe Biden's financial report as of June 2008.


Sen. Joseph Biden, D-Del., chairman Senate Foreign Relations Committee, Democratic presidential hopeful Barack Obama's running mate.

Earned income: $298,200.

Honoraria, all donated to charity: $1,025.

Major assets: Bank accounts, mutual funds and insurance policies, $59,000-$366,000.

Major sources of unearned income: Income from various mutual funds, dividends from Massachusetts Mutual Life Insurance Co. policies, $2,501-$5,000.

Major liabilities: Loans against cash value of life insurance policies, $15,001-$50,000; loan co-signer to pay for son's college expenses, $15,001-$50,000; line of credit, J. Wilmington Savings Fund Society, $100,001-$250,000.

Gifts: None.

Narrative: Biden collected $112,500, the second half of his advance, for delivering the manuscript of his book, "Promises to Keep," to publisher Random House in July 2007. He also earned $20,500 in teaching stipends from Widener University. The unsuccessful presidential candidate appeared on "Real Time with Bill Maher" and "The Late Show with David Letterman" last year, collecting $1,025 appearance fees for each that went to charity.

So he is Stupid? Being his age he did not plan well did he?

[tuff bob]

Originally Posted by Toolman

So he is Stupid? Being his age he did not plan well did he?

He planned fine, he's going to ride on the back of taxpayers and then get those great benefits.

[ming]

Originally Posted by Darkness

LOOK PAST WHAT THEY FEED YOU LEMMINGS

The father can man the son rich.

Bloomberg.com: Politics

As a Clinton supporter did you also share the same mockrage at Hillary considering what she said about her daughter's profession?

Probably not because no one values having consistent beliefs anymore.

[WavSpartan]

I just think it's an interesting change that instead of having some pandering politician tell you that he understands your struggles, and feels your pain, and knows what it's like for regular "folks", there actually is a guy on the ticket with a working class background who has lived his life in public service and has not tried to become a wealthy man because of it.

He's not some born in Connecticut, Yale educated, father was President, phony redneck.

[LoneWolfSparty®]

If this is true it is extremely troubling. With the guys income and speaking fees, if he is really only worth $150,000 then he is a horrible manager of money. As such that would make him grossly unfit for the office of VP. Nice choice Barak.

[WavSpartan]

Originally Posted by LoneWolfSparty®

If this is true it is extremely troubling. With the guys income and speaking fees, if he is really only worth $150,000 then he is a horrible manager of money. As such that would make him grossly unfit for the office of VP. Nice choice Barak.

Or it means that he has decided to serve in public office and raise a family and his ambition was not to try to become a rich man. Maybe he just he wanted to serve the people of Delaware.

[LoneWolfSparty®]

Originally Posted by WavSpartan

Or it means that he has decided to serve in public office and raise a family and his ambition was not to try to become a rich man. Maybe he just he wanted to serve the people of Delaware.

IE, a horrible manager of money.

[WavSpartan]

Originally Posted by LoneWolfSparty®

IE, a horrible manager of money.

Or perhaps wealth wasn't his ambition. I know this is tough for people on the right to understand. For some people, it is not the motivation.

[LoneWolfSparty®]

Originally Posted by WavSpartan

Or perhaps wealth wasn't his ambition. I know this is tough for people on the right to understand. For some people, it is not the motivation.

Okay. Believe what you want. I guess all these broke athletes like Mike Tyson just didn't aspire to wealth. Funny how those of you on the left consider rich people evil, and those that crap away their money heroes.

[WavSpartan]

Originally Posted by LoneWolfSparty®

Okay. Believe what you want. I guess all these broke athletes like Mike Tyson just didn't aspire to wealth. Funny how those of you on the left consider rich people evil, and those that crap away their money heroes.

Not at all. But I do consider rich people, who were born into privilege, who fake like they are or understand average people, to be pretty nasty.

I think that the authenticity of a guy who didn't make millions by serving in government is a noble trait.

[SD Spartan]

Originally Posted by WavSpartan

Or perhaps wealth wasn't his ambition. I know this is tough for people on the right to understand. For some people, it is not the motivation.

What the hell are you talking about? By any measure, he has probably earned $5-10 MILLION IN HIS LIFETIME. Being a 'PUBLIC SERVANT" means he gets unreal living perks.

How the hell can you earn that much and only have 150k left over? I'm serious, he would have to have like 20-25k disposable income per month, at least....for like 30 years.

If, as you say, "perhaps wealth wasn't his ambition", was he flushing it down the toilet? according to the post he's not donating it. he's not investing it, he's not saving it. the only plausible answer is he is spending it on massive disposable items that are not assets.

[New User]

Originally Posted by WavSpartan

Not at all. But I do consider rich people, who were born into privilege, who fake like they are or understand average people, to be pretty nasty.

I think that the authenticity of a guy who didn't make millions by serving in government is a noble trait.

What if you married into it?

[WixomSpartan]

Originally Posted by Feckweed

Are you serious? What's so respectable about somebody who doesn't know how to save?

I was thinking the same thing. Good thing he's not chairman of the Senate Finance Comittee, but how many votes on economic issues has he cast over the years?

[New User]

How would you feel about someone who used their political career to make them millions on, book deals? Or an autobiography at the age of 32? with the help of a TV celebrity, and local and somewhat corrupt politicians?

[New User]

Lets dig deeper in the messiahs financial past, including his realestate dealings. Lets see all of it.

[MrSpin]

Clearly, Biden's poverty sized wages demonstrate that he is unfit to be VP. The American Dream is about demonstrating wealth through homes and automobiles. The man rides a train, while McCain has three Escalades. You tell me who's more successful.

While Biden's sucking down Ramen noodles on the ghetto subways, 5 year POW McCain is proudly demonstrating his portion of the American Dream with a private lake in front of his seventh house. Uh, excuse me if I put more faith in the man who's made it, rather than the one wearing hand-me-downs from his grandmother.

[IndoSpartan]

Originally Posted by WavSpartan

Not at all. But I do consider rich people, who were born into privilege, who fake like they are or understand average people, to be pretty nasty.

I think that the authenticity of a guy who didn't make millions by serving in government is a noble trait.

I do too... and I feel your pain.

[SGT_HULKA]

Originally Posted by WavSpartan

Measuring Wealth of the '08 Candidates - washingtonpost.com

Sen.Joe Biden(D-Del.)
Net worth: $100,000-$150,000
Details: Biden has spent virtually his whole life in public service and does not have much else aside from investments in a small array of mutual funds and cash accounts. He received a $112,000 advance from Random House for a book in 2005.


A look at Biden's net worth - Yahoo! News

WASHINGTON - Sen. Joe Biden's financial report as of June 2008.


Sen. Joseph Biden, D-Del., chairman Senate Foreign Relations Committee, Democratic presidential hopeful Barack Obama's running mate.

Earned income: $298,200.

Honoraria, all donated to charity: $1,025.

Major assets: Bank accounts, mutual funds and insurance policies, $59,000-$366,000.

Major sources of unearned income: Income from various mutual funds, dividends from Massachusetts Mutual Life Insurance Co. policies, $2,501-$5,000.

Major liabilities: Loans against cash value of life insurance policies, $15,001-$50,000; loan co-signer to pay for son's college expenses, $15,001-$50,000; line of credit, J. Wilmington Savings Fund Society, $100,001-$250,000.

Gifts: None.

Narrative: Biden collected $112,500, the second half of his advance, for delivering the manuscript of his book, "Promises to Keep," to publisher Random House in July 2007. He also earned $20,500 in teaching stipends from Widener University. The unsuccessful presidential candidate appeared on "Real Time with Bill Maher" and "The Late Show with David Letterman" last year, collecting $1,025 appearance fees for each that went to charity.

So he doesnt even own a house in Delaware or DC? Doesnt his son make a salary of $1.2 million? Maybe he helps dear old dad out. Its not about the salary or assets. Its about the lifestyle. Does he fly around in private or govt jets? Best healthcare plan around for Senate and House members. Car and driver? Why do you think candidates spend millions to be elected to jobs that pay $150k or so? Its about the POWER and the PERKS. The only way these "Public Servants" ever leave "the job" is in a body bag or in handcuffs. See Strom Thurmond or Bob Byrd.

[GRR Spartan]

Bee doesn't understand that paying for your children's college can wipe out a family. Pretty clear Biden hasn't cashed in but he isn't hand to mouth either.

He would have done much better to marry a daughter who was the sole heir to one of the top 5 beer distributorships for his second marriage or marry the widow of a major food fortune like John Kerry did for his second shot as well..

[SGT_HULKA]

Originally Posted by MrSpin

Clearly, Biden's poverty sized wages demonstrate that he is unfit to be VP. The Ame