Say Goodbye to 'Middle-Class Joe,' Say Hello to 'Millionaire Joe' | NTK Network Say Goodbye to ‘Middle-Class Joe,’ Say Hello to ‘Millionaire Joe’

Say Goodbye to ‘Middle-Class Joe,’ Say Hello to ‘Millionaire Joe’

Biden has used his new-found wealth to purchase a $2.7 million vacation house in Rehoboth Beach, Delaware.

By NTK Staff | 03.18.2019 @11:30am
Say Goodbye to ‘Middle-Class Joe,’ Say Hello to ‘Millionaire Joe’

For his entire 50-year career in politics, former Vice President and 2020 hopeful Joe Biden has reveled in the image of being “Middle-Class Joe,” but recent reporting by Politico shows that Biden is anything but middle class anymore. In fact, it would be more accurate to refer to Biden as “Millionaire Joe.”

While serving in the United States Senate, Biden was routinely listed as “one of the least wealthy members of the chamber,” often boasting how he would take the Amtrak back home to Wilmington, Delaware and referring to himself at political events as “Middle-Class Joe.”

But that all changed once Biden left the Obama administration in 2017, according to Politico:

“By the time he left the White House, he and his wife, Jill Biden, reported assets between $303,000 and $1 million, as well as liabilities between $560,000 and $1.2 million. During much of his time in office, Biden’s wife was a professor at Northern Virginia Community College, where she still teaches.”

“Biden’s finances changed sharply when he left office. He and Jill Biden signed a multi-book deal in early 2017. Russo, Biden’s spokesman, refused to disclose how much the deal is worth. But it’s likely in the “high seven figures,” said Keith Urbahn, a literary agent who specializes in political books and has represented the likes of former FBI Director James Comey and Nebraska Sen. Be

Along with Biden’s high, seven-figure book deal, he recently went on a 40-stop book tour to promote “Promise Me, Dad.” He charged attendees between $25 and $450 at each event.

But Biden didn’t just host low-dollar speaking events since leaving the White House. He also held several high-profile speaking engagements, charging between $100,000 and $200,000 per speech, according to Politico.

“Though his team has not released the cost of each event, contracts for some of them have become public, showing him charging from $150,000 to $200,000.”

“In at least one case, Biden didn’t charge a fee for his appearance: The University of Utah was initially given a speaking fee of $100,000 for a speech in December, but Biden didn’t take a check after he found out it would come from state funds.”

“The rate appears to be standard, though. An October 2018 email from a University of Utah official, provided to POLITICO by the Republican opposition research firm America Rising, said Biden’s booking firm reported that “the vice president charges a reduced rate for colleges and universities of

Biden has used his newfound wealth to purchase a $2.7 million vacation house in Rehoboth Beach, Delaware to go along with his $1.9 million home in Wilmington.

Biden critics are starting to speak out about what they see as hypocrisy between how Biden portrays himself and the wealth he’s amassed since leaving public service in 2017.

“Joe Biden is the opposite of an outsider and the opposite of someone who will challenge big corporate and moneyed elites on many, many fronts. And his big money and speaking deals would be just the cherry on top of that larger totality of circumstances,” Adam Green, a co-founder of the Progressive Change Campaign Committee told Politico. “This would be an exacerbating data point in a larger story of him being the wrong person in a moment when people want someone to shake up the political establishment and take on corporate and wealthy elites.”

It should be noted that Green’s group is supporting Sen. Elizabeth Warren’s (D-MA) presidential campaign.

“During his time in office, fulfilling a pledge he made in his first campaign for the Senate, he held no stocks or bonds or any outside business interests,” a spokesman for Biden told Politico in response to their story. “After he left the White House, he wrote a best-selling book and went on a speaking tour to pay off debt accumulated during his time in public life and to ensure that his grandchildren would be provided for. His entire career has been dedicated to trying to make life easier for hardworking people in this country. The American people know that.”

While Biden’s motives might seem innocuous, there’s no doubt that calling himself “Middle-Class Joe” is no longer an accurate description.

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