![]() About $4 million of that worth is in his real estate. ![]() According to a 2019 Forbes estimate, Biden and his wife Jill are worth $9 million, much of that accrued from speaking fees and book deals that came pouring in after his vice presidency. Today, the 78-year-old president-elect is hardly middle class anymore. His net worth was often in the negatives-in 2007, he was ranked the least wealthy senator. "Even as a kid in high school I'd been seduced by real estate," he wrote in his 2007 autobiography, Promises to Keep.īiden began buying homes-especially those that were outside his budget-in his twenties, taking out multiple mortgages and receiving loans against life insurance policies. ![]() But according to the Wall Street Journal, the reason why Biden was often at the bottom of the wealth ladder among his colleagues in the Senate had a lot to do with his life-long obsession with real estate. ![]() He also often called himself "one of the poorest members of Congress." His scrappy roots-born in Scranton, Pennsylvania, to a father who suffered a number of financial setbacks-were a big part of his 2020 presidential campaign's plan to appeal to American voters. Finally, the 25th Amendment gives the vice president and the cabinet power to remove the president if they believe he or she is "unable to discharge the powers and duties of his office." That was what Democratic senators were asking former Vice President Mike Pence to use against former President Donald Trump after the January 6, 2021, attacks on Capitol Hill, per the BBC.For most of his 44-year-long career in public office, President-elect Joe Biden had a nickname: Middle Class Joe. The amendment also allows the vice president to step in as acting president in case the latter becomes temporarily unable to serve. When his vice president, Gerald Ford, was sworn in, he nominated Nelson Rockefeller as his VP with no confusion involved, as USA Today explained. This clarification became useful in 1974, when President Richard Nixon resigned during the Watergate scandal. The second section determined that the position of the vice president would be filled by a presidential appointment, pending Congress approval. The first section of the 25th Amendment established that the vice president would indeed become president following the resignation, removal, or death of a sitting president, as The New York Times explained. The 25th Amendment corrected this shortcoming by providing specific details about the process. And thus, until the mid-20th century, "he framers' failure to provide a method for filling a vice-presidential vacancy continued to plague the nation," as the website put it. history, and so figuring out how to fill it in case of tragedy wasn't exactly a top priority for the framers of the Constitution. As the United States Senate website explained, the role of the vice president wasn't seen as incredibly important for much of U.S. While the social media post seemed to be trying to make a political point, the fact that the poster was confused about who would replace the vice president is understandable. In this case, Harris would nominate a vice president of her choice, who would have to be approved by both houses of Congress. As PolitiFact explained, the speaker of the House doesn't automatically fill the vacated position. While the post got the first part right, the second is incorrect. A post that went viral some months before the 2020 election stated that, if Biden died in office, Harris would replace him as president and Speaker of the House of Representatives Nancy Pelosi would become her vice president.
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