Joe Biden's net worth ahead of 2020 Presidential Election

The 2020 United States Presidential Election is quickly approaching and hopeful candidates on all ends of the political spectrum are hoping to secure the nomination for their respective parties.

As to be expected, the Democratic nominee pool is fiercely competitive with certain candidates turning out to be frontrunners.

At the top of this list is Democratic Party member and 47th Vice President of the United States Joe Biden, who served as a senator from Delaware for 36 years before being elected in 2009 alongside President Barack Obama.

Though a high-status political job may seem to equate to substantial capital and an influx of income, it isn't necessarily true -- but thanks to smart endorsements, engagements and business ventures, Joe Biden and his wife have amassed quite the fortune.

Biden's 36-year long career in the senate started with an annual salary of $42,500 and ended with an annual salary of $169,300, according to Forbes.

He was given a 30 percent raise when he was elected as Vice President alongside Jill's income as an English professor and other royalties and rights payments for book deals.

When Biden's term as Vice President ended in 2009, his net worth was estimated to be around $1.5 million, according to Celebrity Net Worth.

Following his departure from the White House, the Biden family has accumulated over $15 million, per tax filings.

The breakdown of these earnings include $1.8 million from book tour events and $2.4 million in speaking fees, according to Forbes, as well as signing an $8 million joint book deal with wife Jill who also earned $700,000 in speaking fees of her own.

Today, Joe Biden has an estimated net worth of $9 million, according to Forbes.