Hard as it may be to believe but the incoming Presidential Elect, 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 comes from scrappy roots – he was born in Scranton, Pennsylvania, to a father that suffered a series of financial setbacks, and for a sort-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 life-long obsession for real estate. 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 U.S. when his net worth was estimated to be less than $30,000. But today, the 77-year-old Presidential-Elect is far from the middle class. According to a 2019 Forbes estimate, Biden and his wife Jill are now worth as much as $9 Million – much of which was earned from $100,000 speaking fees and $8 Million book deals that came pouring in after his Vice Presidency.
Hard as it may be to believe but the incoming presidential elect 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 dollars. 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 4 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 going to 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 Cara here for you with a brand new house tour. I noticed 95 percent of you watching
aren't subscribed so hit that subscribe button and ring that bell we post a new video daily.
Today we're going to 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 Saint 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 neighbourhood 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 is associated with owning was this
rental home located in McLean Virginia. In actuality the Biden's 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 Eam 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 camping. 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!