Past presidents have hit a financial windfall after leaving office. Biden is struggling to find work
Joe Biden is struggling to profit post-presidency, report says
- Reports indicate that Joe Biden is facing financial difficulties after leaving office, unlike other presidents who typically profit significantly from post-presidency ventures.
- He received a $10 million advance for his upcoming memoir, a sum considerably lower than the reported $60 million secured by Barack and Michelle Obama for their books.
- Biden's post-presidency income from speaking engagements is limited, and he has been observed travelling commercially rather than by private jet.
- Despite receiving two pensions totalling over $400,000 annually, this income may be insufficient to cover his lifestyle, personal debts, and support his family.
- Biden reportedly aimed to clear $800,000 in personal debts upon leaving office, and his children, Hunter and Ashley, have also encountered significant financial and legal challenges.