Joe Biden and his wife, Jill, took in more than $15 million since leaving the Obama White House, according to newly released documents, catapulting the Democratic presidential candidate into millionaire status and denting the working-class aura he’s developed over decades.
Long fond of describing himself as “Middle Class Joe” while he took in little more than his government salary, the former Vice-President stressed his working-class roots from the very beginning of his bid for his party’s 2020 presidential nomination . But federal tax returns and a financial disclosure released on Tuesday show that since Mr. Biden left public office, his income has surged thanks to a lucrative book deal and constant publicity tours that brought in more than $4 million.
Mr. Biden’s disclosure showed that he also made at least $2.7 million in business income as part of his publicity tour and writing and took a $425,000 salary from CelticCapri Corp., the business entity the Bidens used for their post-White House work.
Mr. Biden and his wife signed a multibook deal with Flatiron Books valued at $8 million, according to Publishers Weekly. He earned $540,000 as a professor and namesake of the University of Pennsylvania’s Penn Biden Center for Diplomacy and Global Engagement.