Audio By Carbonatix
U.S. President Joe Biden disclosed a little-changed personal financial situation in 2023, though his book royalties fell, cash in his bank account decreased and the amount he owed on a home equity loan rose, federal documents showed.
Biden and his wife Jill Biden reported total assets between roughly $1 million and $2.6 million and liabilities between roughly $350,000 and $850,000, according to an Office of Government Ethics form that lists ranges rather than precise figures.
The White House released the documents on Wednesday. Biden, a Democrat, is seeking reelection in 2024 and the economy's performance has been a top issue for voters.
His Republican rival Donald Trump's finances have been in focus amid several legal cases.
An earlier tax disclosure showed that the Bidens' income rose 7% to $619,976 in 2023. Trump, who is not a sitting official, has not made a comparable disclosure.
A report covering Vice President Kamala Harris and her husband Doug Emhoff's finances was also released. Harris reported being gifted tickets valued at $1,655.92 to a Beyonce concert by the "Texas Hold 'Em" artist.
Biden's liabilities include a mortgage on his personal home carrying a balance between $250,001 and $500,000. The interest rate for the mortgage, which Biden incurred from TD Bank (TD.TO), opens new tab in 2013, is 3.375%.
The president took out a home-equity loan in 2022 with a variable interest rate and a 10-year term, which rose to $100,000 to $250,000 from $15,001 to $50,000.
The president also reported having less cash in the bank than he did in the past year.
One of his bank accounts showed a cash total of $50,000 to$100,000 from $250,000 to $500,000 last year. Another account showed $50,000 to $100,000 in cash, a drop from $100,000 to $250,000 a year earlier.
The Bidens earned less than $6,201 in royalties last year from a series of books they have written about their half century in public life.
Latest Stories
-
Development Bank Ghana marks five years of catalyzing private sector growth
2 minutes -
Afari Hospital: Only $500,000 in arrears needed for completion; demand for $85m criminal—Minority
7 minutes -
Mahama gov’t paying itself while Akufo-Addo staff remain unpaid – Kow Essuman
10 minutes -
Kow Essuman accuses Kwakye Ofosu of misleading public on Presidential salaries
14 minutes -
BoG urges banks to support agriculture and productive sectors
15 minutes -
2026 World Cup: Chief Imam urges national prayers for Black Stars ahead of Panama opener
15 minutes -
Ofori-Atta yet to be notified of any criminal charges in Ghana – Frank Davies
18 minutes -
Chief Imam calls for national prayers and support for Black Stars at the FIFA World Cup 2026
20 minutes -
Ashanti Regional Minister inspects flood hotspots at KNUST, vows crackdown on encroachment
21 minutes -
GPRTU eyes cashless transport system to curb armed robbery attacks on drivers
28 minutes -
Green Card decision does not invalidate charges against Ofori-Atta — OSP
37 minutes -
Minority blames NDC for delays in Afari Military Hospital project
42 minutes -
Gov’t processing UTAG book and research allowance payments, no strike expected – Haruna Iddrisu
45 minutes -
‘It’s up to Ghanaian authorities to explore options’ – Ofori-Atta’s lawyer says after US residency
46 minutes -
Banking sector strong but credit risks remain – BoG Governor warns
47 minutes