KEY POINTS

  • President Joe Biden's net worth is estimated to be around $9 million
  • He reportedly earned more than $11 million from six-figure speaking engagements and his book deal
  • Russian President Vladimir Putin is reportedly worth billions

President Joe Biden and Russian President Vladimir Putin are two of the most influential and powerful men in the world, and they are set to meet Wednesday in Geneva, Switzerland, for a summit. Which of the two leaders is richer?

Biden has an estimated net worth of $9 million, according to Celebrity Net Worth. This is much lower than the staggering $70 billion net worth the website claimed Putin has.

Biden's net worth, according to Forbes, is based on the two homes he and first lady Dr. Jill Biden own in Delaware that are worth $4 million together, cash/investments worth $4 million and a federal pension worth more than $1 million.

In 2017, just a year after he left office as vice president, Biden earned $11 million, which he said was mainly from six-figure speaking engagements and a lucrative deal to write several books, The New York Times reported. The politician reportedly earned up to $234,820 for a single speech.

Biden and his wife made $4.6 million in 2018, $1 million the following year and $630,000 last year, Forbes reported.

But though his earnings in the last four years totaled more than $17.3 million, $7 million of it went to taxes. The couple also gave away $1.3 million to charity, paid $180,000 for household staff salaries and spent around $80,000 on mortgage interest payments, according to Forbes.

Last month, the couple released their tax returns for 2020 which revealed that they had a federal adjusted gross income of $607,336 and paid $157,414 in taxes.

Meanwhile, Putin's wealth has remained a mystery, though the Russian president is estimated to be worth billions. Former mid-level Kremlin adviser Stanislav Belkovsky claimed in 2007 that Putin had a fortune worth at least $40 billion, The Telegraph reported.

In 2017, Bill Browder, Hermitage Capital Management co-founder and a major investor in Russia during the 1990s, claimed before the Senate Judiciary Committee that he "believes" Putin's wealth was around $200 billion, Fortune reported. 

Despite this, Putin has not been included in Forbes' list of billionaires. The magazine said in 2015 that it couldn’t verify enough assets.

Putin’s financial disclosure in 2018 revealed he earned approximately $140,000 (8.6 million rubles) from his official salary, military pension, savings interest and investments, Euro News reported. The number is a sharp drop from 2017 when he reportedly earned an estimated $310,000 (18.7 million rubles).

US President Joe Biden has congratulated incoming Israeli prime minister Naftali Bennett US President Joe Biden has congratulated incoming Israeli prime minister Naftali Bennett Photo: AFP / Brendan SMIALOWSKI