WASHINGTON – The White House on Monday released financial disclosure reports from President Joe Biden showing the president’s personal finances in 2022 were little changed from a year earlier, even as his book royalties fell.
Biden earned between $2,500 and $5,000 in book royalties in 2022, down from $30,000 the year before. She also earned less than $3,000 in «speaking and writing engagements,» up from about $30,000 last year, the disclosures show.
The disclosures, which included first lady Jill Biden’s income, showed her book royalties also fell. She earned between $5,000 and $15,000 in 2022 compared to $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 in 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 income tax rate of 23.8%.
Biden receives a salary of $400,000 as president. Jill Biden earned $82,335 for her work as an English professor at Northern Virginia Community College.
The rest of his income comes from investment interest, pensions, annuities, distributions from retirement accounts and Social Security, as well as from a corporation that collects his accounting royalties, according to the joint tax return.