The White House released the 2023 financial disclosures for President Biden and Vice President Harris, revealing that Harris received tickets to a Beyoncé concert valued at $1,656 from the pop star herself. Harris and her husband attended the concert in Maryland in August, although the dates were not listed in the financial report. Harris also received tickets from ESPN to the Celebration Bowl football game last December, where she cheered on her alma mater, Howard University, from a suite in Atlanta.
The Ethics in Government Act of 1978 requires senior federal officials, including the president and vice president, to disclose their personal financial interests and gifts. President Biden and first lady Jill Biden’s financial report showed no reportable gifts, with the president earning a $400,000 salary per year and an expense allowance of $50,000. The first lady also earns an unspecified salary from her job at Northern Virginia Community College, where she teaches English. The Bidens have multiple retirement plans and investments, as well as a $250,000 line of credit against their home in Rehoboth, Delaware.
The net worth of President Biden and Vice President Harris is challenging to determine, as their assets are listed in ranges rather than specific dollar amounts. Forbes estimated Harris’s net worth to be around $7 million in 2021, partly due to her husband’s earnings as a lawyer. President Biden’s net worth was estimated at about $8 million in 2021, with much of his wealth accumulated in the four years between his role as vice president and president through speaking engagements and a book deal. Second gentleman Doug Emhoff earns an unspecified salary at Georgetown University, where he is a distinguished fellow at Georgetown Law School’s Institute for Technology and Law Policy.
In 2023, Doug Emhoff made several investment transactions, both purchasing and selling holdings. Vice President Harris has more than $1 million outstanding on her home mortgage, according to her financial report. The financial disclosures provide insight into the personal finances and assets of senior federal officials, ensuring transparency and accountability in government. Kathryn Watson, a politics reporter for CBS News Digital based in Washington, D.C., reported on the details of the 2023 financial disclosures for President Biden and Vice President Harris, including the gifts they received and their financial holdings.
