In a recent address, President Biden made a claim about his financial status during his time in Congress, stating that he was once the “poorest man in Congress.” This assertion has drawn considerable scrutiny and skepticism, particularly given Biden’s current substantial net worth, estimated at around $10 million. Critics have pointed out the apparent inconsistency between Biden’s past financial struggles and his current wealth, raising questions about the accuracy of his statement. The discrepancy has prompted calls for clarification from the president regarding the sources of his wealth, especially considering his relatively modest congressional salary.
The New York Post Reported:
For a man who once claimed to be “the poorest man in Congress,” Joe Biden sure likes to loan out money.
For instance, the Bank of Biden supposedly gave $40,000 to his brother James.
James was able to repay the money barely a month later, after he coincidentally received a check from a Chinese energy company.
Yahoo News confirmed Joe Biden’s net worth:
Biden’s actual net worth is about $10 million, according to Forbes, which referred to him as “Middle-Class Joe” (though, in fairness, there’s nothing “middle class” about being worth $10 million).
PolitiFact referred to Biden as one of Congress’ “least wealthy members” before he became vice-president under President Barack Obama and then president himself.
As president, Biden’s wealth has increased from about $8 million when he took office to about $10 million.