Joe Biden's Net Worth: $150,000

[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.

[Ash-Liz]

[MattR644]

Don't worry, I'm sure he'll still be painted as a much bigger "elitist" than 7 house owning McCain

[Todd Farkman]

wow, house count:

Biden; ZERO
McCain: 7


Biden makes nearly $300,000/year (rich according to Obama) yet has no house and is only worht $150,000? Damn he must have a crack habit.

[Feckweed]

Originally Posted by Ash-Liz

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

[Final Countdown]

Originally Posted by Feckweed

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

better than somebody who knows how to use the corrupt washington system to line his own pockets and live above the law.

[G Norm Oosdyk]

Originally Posted by Todd Farkman

wow, house count:

Biden; ZERO
McCain: 7


Biden makes nearly $300,000/year (rich according to Obama) yet has no house and is only worht $150,000? Damn he must have a crack habit.

And he is going to be Obama's "economy expert".

[Final Countdown]

Originally Posted by G Norm Oosdyk

And he is going to be Obama's "economy expert".

actually, he's supposed to be the foreign policy expert. and i really can't believe you're blasting the guy for being too poor. that says nothing of his economic knowledge (he could give tons to charity for all you know). it would be better than having a rich yet sleazy guy like ted stevens. biden is a good man.

[G Norm Oosdyk]

Originally Posted by Final Countdown

actually, he's supposed to be the foreign policy expert. and i really can't believe you're blasting the guy for being too poor. that says nothing of his economic knowledge (he could give tons to charity for all you know). it would be better than having a rich yet sleazy guy like ted stevens. biden is a good man.

Yeah, he gives it all to charity.

No 401(k)? No accounting for his governmental pension?

What a sorry excuse for a guy that should be making a killing on the lecture circuit.

[Feckweed]

Originally Posted by Final Countdown

better than somebody who knows how to use the corrupt washington system to line his own pockets and live above the law.

And who exactly are you referring to?

[Final Countdown]

Originally Posted by G Norm Oosdyk

Yeah, he gives it all to charity.

No 401(k)? No accounting for his governmental pension?

What a sorry excuse for a guy that should be making a killing on the lecture circuit.

if you really want to know how knowledgable he is about economic issues, why don't you look at what really counts: his voting record. the bushes did a great job of managing their wealth yet they knew jack squat about managing the economy.

[Final Countdown]

Originally Posted by Feckweed

And who exactly are you referring to?

just to name an obvious single example of the numerous dems and repbulicans who do this....

[G Norm Oosdyk]

Originally Posted by Final Countdown

if you really want to know how knowledgable he is about economic issues, why don't you look at what really counts: his voting record. the bushes did a great job of managing their wealth yet they knew jack squat about managing the economy.

Uh, FC... the economy is due to other factors other than the POTUS, like, let's see, the rapid growth of the Chinese and Indian economies and failed housing stimulus from a system put into place (i.e. FNMAE guarantees) by FDR.

The fact that you can manage your own affairs well does not guarantee control over outside factors influencing the multi-TRILLION dollar U.S. economy. However, not being able to save DOES imply a lack of personal discipline and, implicitly, a dependence on the government to bail him out sold that lack of personal discipline cause a financial problem.

Think New Orleans whining vs Midwest pull-yourself-up-by-the-bootstraps reaction* after their respective flooding. Typical Demm vs Republican reactions.


* Including the one bag of dirt filled by Obama for the photoshoot.

[G Norm Oosdyk]

Originally Posted by Feckweed

And who exactly are you referring to?

I think he is referring to Bill Clinton.

[teamdiscoverychannel]

Hmm interesting tidbit about Biden. Always nice to see people who have less money than you'd expect.

[Final Countdown]

Originally Posted by G Norm Oosdyk

Uh, FC... the economy is due to other factors other than the POTUS, like, let's see, the rapid growth of the Chinese and Indian economies and failed housing stimulus from a system put into place (i.e. FNMAE guarantees) by FDR.

The fact that you can manage your own affairs well does not guarantee control over outside factors influencing the multi-TRILLION dollar U.S. economy. However, not being able to save DOES imply a lack of personal discipline and, implicitly, a dependence on the government to bail him out sold that lack of personal discipline cause a financial problem.

Think New Orleans whining vs Midwest pull-yourself-up-by-the-bootstraps reaction* after their respective flooding. Typical Demm vs Republican reactions.


* Including the one bag of dirt filled by Obama for the photoshoot.

yes, as you say, the economy is dependent on so many factors other than the president (let alone the vice president). but just because biden doesn't have lots of assets doesn't mean that he will advise obama to buy military aircrafts on layaway or ask the speaker of the house to spot him a 20.

whatever his lack of wealth says about him is all but irrelevant to the economy's performance.

[Feckweed]

Originally Posted by Final Countdown

just to name an obvious single example of the numerous dems and repbulicans who do this....

Did you also presume Sen Hutchison guilty after she was indicted?

[Final Countdown]

Originally Posted by Feckweed

Did you also presume Sen Hutchison guilty after she was indicted?

i'm not familiar enough with that to take any position (its the truth). but you can't honestly say that you aren't at least a bit embarassed that stevens is facing all these charges and yet just won the republican primary and will defend his seat. i understand that he's innocent until proven guilty, but the guy is clearly up to some shady ****.

[G Norm Oosdyk]

Originally Posted by Final Countdown

yes, as you say, the economy is dependent on so many factors other than the president (let alone the vice president). but just because biden doesn't have lots of assets doesn't mean that he will advise obama to buy military aircrafts on layaway or ask the speaker of the house to spot him a 20.

whatever his lack of wealth says about him is all but irrelevant to the economy's performance.

But it is relevant to his personality and outlook on life.

However, it is another well-known Demm proverb that personal outlooks are not relevant because their vote is always based on selling out to anyone that will give them a buck or their vote. Ethics in action!

[Final Countdown]

Originally Posted by G Norm Oosdyk

But it is relevant to his personality and outlook on life.

However, it is another well-known Demm proverb that personal outlooks are not relevant because their vote is always based on selling out to anyone that will give them a buck or their vote. Ethics in action!

both parties are corrupt. that is a fact. i'd rather have a VP who is honest (at least relatively) and poor than one who has lined his pockets with dirty money.

[G Norm Oosdyk]

Originally Posted by Final Countdown

both parties are corrupt. that is a fact. i'd rather have a VP who is honest (at least relatively) and poor than one who has lined his pockets with dirty money.

Personally, I'm not too concerned about the "Rodney Dangerfield" of Washington politics (i.e. the VEEP). But given your preoccupation with minutia and the mundane, it would seem to fit your profile.

[Jack's Smirking Revenge]

The Republicans love to vote for a regular guy. Not regular in the sense of living a modest lifestyle, knowing what it's like to feel the sting of a mortgage or a tuition bill, or riding a train home after work. Regular in the sense of stupid. Yes, they love voting for a regular guy.

[Tom Hagen]

a VP candidate has a net worth less then mine.......