How Obama, Biden and Other Elected Officials Have Made Millions by Being in Office

Barack Obama former president
The current salary for the President of the United States is $ 400,000 while the Vice President earns an annual salary of $ 230,700. While this is no fool, some of the politicians who held these prestigious positions have been able to convert their time in the White House into millions through bookstores, paid performances, and advisory appearances. Former President Barack Obama, former Vice President Joe Biden and other politicians have used their terms in office to increase their fortunes.
See: How Much Is President Donald Trump Worth?
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Last updated: December 15, 2020
Joe Biden former Vice President
1. Joe Biden
Net worth: $ 9 million, according to Forbes
Joe Biden began his political career as a Senator in 1979 at the age of 29. This made him the youngest candidate ever to be elected to the Senate, Forbes reported. He later served as the Delaware Attorney General and Vice President of Former President Obama from 2009 to 2017.
Read on to find out more about how he made his millions.
Take a look: Joe Biden's Political Career and Net Worth
Joe Biden A copy of the hopeful Democratic President Joe Biden, D-Del.
Memoir money
According to Biden's tax return, he made $ 71,000 in royalties and an additional $ 9,500 in audio book rights after Random House published its first treatise, "Promises to Keep," Forbes reported. And in the 23 months after he retired as Vice President, Biden made $ 1.8 million in book tour events.
Related: Best-Selling Political Memoirs of All Time
U.S. Vice President Joe Biden speaks to students during his visit to Yonsei University in Seoul, South Korea. December 06, 2013 Biden arrived in Seoul after meeting heads of state in Tokyo and Beijing to discuss China's controversial Air Defense Zone (adiz) and North Korea, Korea, Republic of SeoulSouth Korea Korea USA Diplomacy - December 2013.
Millions in calling fees
During the same period, Biden earned $ 2.4 million in calling fees from 19 different engagements, Forbes reported. This equates to an average fee of $ 126,000 per speech.
Find Out: What A Biden Presidency Means For Your Wallet
Joe Biden Vice President Joe Biden speaks during the 257th inauguration of the University of Pennsylvania in PhiladelphiaBiden Penn Commencement, Philadelphia, USA.
Ivy League Professor Income
In 2017, Biden was named Benjamin Franklin Presidential Practice Professor at the University of Pennsylvania, who heads the Penn Biden Center for Diplomacy and Global Engagement. Forbes reported that as a professor at the Ivy League school, he received a paycheck of $ 775,000.
George H W Bush former president
2. George H.W. bush
Net worth (deceased): $ 25 million
George H.W. Bush was the 41st President of the United States from 1989 to 1993. Previously, he was Vice President of Ronald Reagan and also Director of the CIA, Ambassador to the United Nations, Chairman of the Republican National Committee, US Envoy to China and US Congressman. Bush died in November 2018.
Here are some ways he's made big bucks thanks to his tenure.
Former President George H.
Lucrative speaking obligations
Towards the end of his presidency, George W. Bush told Dead Certain author Robert Draper that his father, George H.W. Bush ordered more than $ 50,000 or $ 75,000 per speech.
Significant book fees
Bush has authored and co-authored a number of books over the years, including his autobiography "Looking Forward, A World Transformed" and "All the Best, George Bush: My Life in Letters and Other Scriptures." Although the exact amount he made from his book deals has not yet been released, Money reported that he had received "significant royalties".
George Bush former president
3. George W. Bush
Net worth: $ 40 million
George W. Bush followed in his father's political footsteps and served twice as president from 2001 to 2009. He was president during the terrorist attacks of September 11, 2001. This event challenged the nation and turned Bush into a war president.
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