Joe Biden "bought" his first mansion, after becoming a US Senator, from a DuPont in 1974. Totally up and up.
Senators in 1974 made $44,000 a year.
In 1974, as a young senator and recent widower (his first wife Neilia and their baby daughter Naomi had died in a car accident in 1972), Biden purchased this former DuPont mansion in tony Greenville for $185,000. He nicknamed the 10,000-square-foot house 'The Station,' and it became the campaign headquarters for his first presidential run in 1988. In 1996, Biden sold the house for $1.2 million.
Joe Biden "bought" his first mansion, after becoming a US Senator, from a DuPont in 1974. Totally up and up.
Senators in 1974 made $44,000 a year.
source
$185,000 in 1974 is worth $976,709.94 in 2020, accounting for inflation.
$44,000 in 1974 is worth $232,298.58 today.
And Biden's net worth in 2009 was reported at less than $50,000.
Today, $9 Million...