Joe Biden now has a career in public office dating back over 44 years! That’s close to double my age! Throughout that entire time, he’s had the nickname: Middle-Class Joe – and has often referred to himself as one of the poorest members of congress. These days, he’s definitely NOT the poorest member of congress with multiple real estate holdings like a few in Delaware and living in lavish homes throughout the years, which we’ll check out in this video.
Joe Biden now has a career in public office dating back over 44 years that's
close to double my age. Throughout that entire time he's had the nickname
middle-class Joe and is often referred to himself as one of the poorest members
of Congress. All my time in public life since I've gotten involved I've been
referred to as middle-class Joe. It's not always meant as a compliment. These days
he's definitely not the poorest member of Congress with multiple real estate
holdings like a few in Delaware and living in lavish homes throughout the
years which we'll check out in this video. In these videos we don't reveal
any addresses and even though I've done a house tour of my own place these do
not show up at any private residences because it's not safe for anyone. Joe
Biden comes from scrappy roots he was born in Scranton Pennsylvania to a
father that suffered a series of financial setbacks and for a short time
there at least Joe wasn't any different. According to the Wall Street Journal the
reason why Biden was so often at the bottom of the wealth ladder among his
other colleagues in the Senate had a lot to do with his lifelong obsession
for real estate. He wrote in his autobiography promises to keep even as a
kid in high school I'd been seduced by real estate. As a youngster in his 20s
Biden began buying up homes especially ones outside of his budget taking out
multiple mortgages and receiving loans against life insurance policies. As he
grew older his net worth was often in the negatives and by 2007 he was ranked
as the least wealthy senator in the US when his net worth was estimated to be
less than $30,000. But today the 77 year old presidential elect is far from
middle class. According to a 2019 Forbes estimate Biden and his wife Jill are now
worth as much as 9 million dollars much of which was earned from $100,000
speaking fees and 8 million dollar book deals that came pouring in after his
vice presidency. About four million dollars of his overall net worth is
estimated to be wrapped up in his current real estate holdings. Two homes
that he owns in Delaware and today I'm gonna tell you not only about them but a
couple others he's lived in over the years too. How's it going guys and gals
it's Kara here for you with a brand new house tour. I noticed 95% of you
watching aren't subscribed so hit that subscribe button and ring that bell we
post a new video daily. Today we're gonna be taking a look at the homes of
presidential elect Joe Biden and while we don't have a whole lot to share with
you in terms of the current interiors of these homes I've still got all the
details you could want along with some juicy gossip. So if you've ever wanted to
know how Joe Biden lives by the end of this video you will. As always let me
know what you think by following me on Instagram or dropping your thoughts in
the comments down below. Now let's get into this video. Let's start with the
Biden's main home located in Wilmington Delaware. The house is situated to
overlook a man-made lake that was created by the wealthy members of the
DuPont family. Local real estate agents called this area one of the most
expensive in the state and it's known as Chateau Country thanks in large part
to a group of massive colonial estates that were built in the area also by the
DuPont family. Joe and Jill first purchased the four acres of land that
this home sits on back in 1996 for $350,000. Soon after they built a
6,850 square foot home on the premises which is now estimated to be worth
somewhere in the 1 million dollars to 2 million dollar range. During his
vice presidency it was reported that Joe rented out the cottage located in the
property to the Secret Service for 220 a month. I don't know how smart it is to
make the people protecting you pay for the opportunity to do so but one look at
his bank account tells us it clearly worked out for him. A few years back when
Joe's son Beau was valiantly fighting against brain cancer, Joe considered
selling this home to help pay for the treatment. But he was discouraged from
doing so by a pretty surprising source. President Barack Obama. President Obama
offered to lend him the money instead. The Bidens are reportedly seen around
town here a whole bunch, spending time at the local grocery store Jansen's Market
which is only a five-minute drive from their home. They also attend the St.
Joseph on the Brandywine Roman Catholic Church nearby. Before we move on to
Biden's vacation home, I thought we'd take a quick look at Joe's former home
located in the neighborhood of Greensville, Delaware that recently came
back to bite the president-elect a little bit. As you can see, the Trump
family called this estate into question during the most recent election cycle.
Questioning how old middle-class Joe could afford such a nice estate. But
here's the thing, he doesn't own it. At least not anymore. Back in 1974 Joe was a
very young senator and a recent widower when he purchased this former DuPont
mansion for $185,000. At the time he nicknamed the home the station and it
became his campaign headquarters for his first presidential run in 1988. Joe spent
over two decades renovating the space and by the end the home featured five
bedrooms, 2.5 baths and over 10,000 square feet of living space. After
staying here for close to 20 years Joe sold this home back in 1996 for 1.2
million dollars, a substantial gain over what he paid for it. Today estimates
suggest that the home is worth as much as 1.7 million dollars. Look, when you're a
politician sometimes you just need to get away from it all. Next up is a look
at Joe's vacation home located in Rehoboth Beach, Delaware. In the summer
of 2017 Joe is coming off of eight years as the vice commander-in-chief and he
must have been looking for a little R&R because he and his wife Jill settled on
this home on the Delaware Shore, scooping it up for 2.7 million. This beautiful
4,786 square foot beach house overlooks Cape Hennepin State Park and is just a
couple blocks from the beach. It features three stories, six bedrooms, 5.5 baths,
expansive porches, views of the Atlantic Ocean, and a backyard built for
entertaining including an outdoor kitchen, barbecue, and fireplace to
impress all those Washington socialites that Joe is close with. After buying this
home Joe said in a statement, Throughout our careers, Jill and I have
dreamed of being able to buy a place at the beach at home where we can bring the whole
family. We feel very lucky that we're now able to make that happen and are
looking forward to spending time with our family in the place that matters
most to us in the world. For those of you paying attention, 2017 is the same year
that Biden's net worth catapulted upwards thanks to the speaking
arrangements and book deals. So in a very real way I think this home was a gift
from Joe to Joe. When you're running for the most public office in all the land
people are gonna dig up a whole lot about your past. One of the homes that
middle-class Joe was associated with owning was this rental home located in
McLean, Virginia. In actuality the Bidens only rented this home between 2017 and
2019, paying $20,000 per month for a home that's estimated to be worth
somewhere in the 4 million dollar range after moving out of the vice
presidential residence at the Naval Observatory at the end of his term. This
upscale neighborhood in Virginia is practically a who's who of senators,
Supreme Court justices, and Washington diplomats. While staying here Joe lived
in a Georgian style house which he rented from venture capitalist Mark Eames, who
previously purchased the home from Alexander Hagg, the Secretary of State
during the Reagan administration. Sprawled out at over 12,000 square feet
this five-bedroom beauty has its own gym, sauna, floor-to-ceiling windows, and a
driveway that's big enough for nearly 20 cars. Despite how nice it is, in 2019
preparation for his upcoming presidential bid, Joe and his wife moved
out of this home to focus on the campaign. Alright guys, I think we'll
bring this house tour to an end right there. What did you guys think about Joe
Biden's homes? Which one of his many different paths would you prefer to stay
at? Give me his beach house in Delaware and I'd be good to go. Let me know what
you guys thought in the comments down below. Don't forget to follow me on
Instagram and I'll catch you all in the next video. Bye!