White House releases show Biden’s personal finances changed little
WASHINGTON — The White House on Monday released financial disclosure reports for President Joe Biden showing the president’s personal finances in 2022 are little changed from the previous year, even as his royalties on the books have plummeted.
Biden earned between $2,500 and $5,000 in book royalties in 2022, down sharply from $30,000 a year earlier. He also earned less than $3,000 in “oral and written engagements,” down from nearly $30,000 last year, according to disclosures.
The disclosures, which included First Lady Jill Biden’s earnings, showed that royalties from her books had also plummeted. She earned between $5,000 and $15,000 in 2022, up from $15,000 and $50,000 from book sales a year earlier.
The report also showed that the couple’s assets were worth between $1.09 million and $2.57 million.
They owe between $250,000 and $500,000 on a mortgage on their Delaware home, plus between $45,000 and $150,000 on other loans.
In April, the Bidens released their federal tax return, showing the couple earned nearly $580,000 last year and paid an effective federal tax rate of 23.8%.
Biden is on a salary of $400,000 as president. Jill Biden earned $82,335 from her work as an English teacher at Northern Virginia Community College.
The rest of their income comes from investment interest, pensions, annuities, distributions from retirement accounts and Social Security as well as a company that collects their accounting fees, according to the joint tax return.