The job of a US president implies a salary of $400,000 per year. Some candidates may define this amount as insignificant as they already possess multimillion-dollar fortunes. Others are accustomed to modest earnings, so it will be a notable increase in their income. Let's estimate the wealth of Joe Biden, Donald Trump, and other politicians who contend for the leader of the White House.
Joe Biden
Incumbent national leader Joe Biden officially announced his intention to run for a second presidential term long ago. Since taking office in 2020, his net worth has increased by $2 million, now standing at $10 million. Joe Biden owes growth in his income over the past few years to his presidential salary, the appreciation of his real estate, and investment returns. According to his tax declaration for 2023, the president and First Lady Jill Biden earned a total of $620,000 last year.
Donald Trump
According to Forbes, the current net worth of the former US president is $6.4 billion, nearly $4 billion more than when he left office in 2020. The primary source of Donald Trump's income is shares of Trump Media & Technology Group, the parent company of the social network Truth Social launched in 2022. The former president owns 79 million shares of the company, valued at $4.6 billion. Trump's portfolio also includes real estate worth over $1 billion and several prestigious resorts with a total value of $810 million.
Marianne Williamson
Marianne Williamson is considered an underdog in the presidential race, running as a Democrat against Joe Biden in the primaries. Nevertheless, she has achieved significant success in her writing career, having published 15 books, three of which became New York Times bestsellers. Her work as an author earned her $7.5 million from 2013 to 2017. However, Williamson is also known for her love of spending on clothes and travel. Her current net worth is estimated at $2.5 million. She profits well from investments in mutual funds and stocks of companies like Alphabet and Apple.
Robert F. Kennedy Jr.
While the name Robert F. Kennedy Jr. is associated with the wealthy and influential Kennedy family, his own fortune is not as large as one might think. Currently, his personal net worth is estimated at $15 million. Kennedy owns assets worth at least $4 million through family trusts and another $500,000 through the family company Park Financial Holdings. From 2022 to 2023, he also earned more than $5 million through his law firm Kennedy & Madonna and $1.5 million working as a consultant at Wisner Baum.
Cornel West
This potential candidate for the US presidency currently has a net worth of only $50,000, although over the past 30 years, the well-known professor, public figure, author, actor, and musician has earned a total of more than $15 million. Leading a luxurious lifestyle that included buying expensive real estate and cars, as well as numerous romantic relationships, Cornel West spent his savings. Besides, he now owes a substantial tax debt, estimated at approximately $483,000.