James Biden Net Worth, Biography, Wiki (Updated)

James Brian “Jim” Biden (b. 1949) is the younger brother of Joe Biden. Current U.S. president, Joe Biden, comes from a family that is deeply rooted in activism, education, law, and politics. On the day of Biden’s inauguration, January 20, 2021, the Biden family became the official first family of the U.S.

Full NameJames Biden
Date of Birth16 May 1949
Age73 (as of 2022)
ProfessionPolitics
SiblingsJoe Biden
Valerie Biden Owens
Francis Biden
Children3
SpouseSara Jones Biden
James Biden Net Worth$7 Million (Last Updated 2022)

James Biden Net Worth

Fox Business reported that James Biden’s net worth was $7 million. James and his wife, Sara Biden, purchased a $2.5 million vacation home on the island of Keewaydin in 2013.

The home was listed by James and Sara for $5.9 million in early 2016; however, it was sold in 2018 for $1.35 million.

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Overview

James Biden, Joe Biden’s brother, played a major role in his brother’s political career starting in 1972 serving as Joe’s campaign finance chair, and they have been close ever since. As a senator, Joe brought his brother James with him on congressional delegation trips during which they visited places like Africa, Ireland, and Rome.

James was a well-received guest at the White House shortly after Joe became vice president, and he was invited to important events like the Pope Francis’ visit in 2015 and the state dinner in 2011. Some of James’ trips to the White House coincided with his overseas business deals, and his business opportunities grew under his brother’s presidency.

James’s financial circumstances

“A source with knowledge of Jim Biden’s finances said that he and his wife, Sara, have sometimes failed to pay their taxes on time because “they are largely self-employed and sometimes have an unclear picture of how their year will end financially,” but that they have always paid in full, including interest and penalties,” ProPublica reported.

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According to the same report: “In December 2013, Jim and Sara Biden invested $2.5 million in a luxury vacation home on Keewaydin Island near Naples, Florida. The six-bedroom house can only be reached by boat, and Joe Biden vacationed there when he was vice president. While Jim and Sara Biden racked up renovation debts, the IRS slapped them with another $589,000 lien for unpaid 2013 federal taxes.” 

Nevertheless, James has seen better days too; he was estimated to be worth $7 million.

References

https://www.wikidata.org/wiki/Q100741820

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