Yahoo Finance

It feels like we just went through an election, and yet the 2024 presidential showdown isn't that far away. Many politicians have already discussed the potential of running for president in the next election, which will take place November 5, 2024. The U.S. president earns $400,000 a year, which might be a pay cut for some of these White House hopefuls and a huge pay bump for others.

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Let's take a look at the net worth of those who are likely candidates or have openly discussed running for president in the 2024 election.

President Joe Biden

Net Worth: $8 Million

President Joe Biden has said he has every intention of running for reelection in 2024. Biden served as former President Barack Obama's vice president from 2009-2017. Before that, he served as a Delaware senator from 1973 until he took office as VP.

In addition to his political salary, it's reported Biden made $11 million from book advances in 2017.

Donald Trump

Net Worth: $2.5 Billion

The former Republican president has strongly hinted at the possibility of running again. Before he was president, Trump was a media personality and businessman. His net worth reportedly dropped $700 million in his last year of his presidency, and has dropped $600 million since leaving office.

Stacey Abrams

Net Worth: $500,000

Abrams served in the Georgia House of Representatives for 10 years and has since founded Fair Fight Action, an organization with the goal of fighting voter suppression. Abrams, a Democrat, is now turning her sights to the 2022 governor's race after losing the same race in 2018 to Republican Brian Kemp.

She talked about running for president in 2020, but ultimately decided against it. However, she lobbied to be President Joe Biden's running mate which ultimately went to Vice President Kamala Harris in 2020, so a run for president in 2024 isn't out of the question.

Ron DeSantis

Net Worth: $500,000

Florida Governor Ron DeSantis had said in fall of last year that he was not considering a run for president in 2024, but insiders beg to differ. Supporters say that Republican DeSantis could win even if Trump decides to run again, which is what they believe makes him a very viable candidate.

Pete Buttigieg

Net Worth: $250,000

Buttigieg is a Democrat currently serving as the United States Secretary of Transportation. Before that, he served as the mayor of South Bend, Indiana. Buttigieg unsuccessfully ran for president in 2020. Though President Biden has said he will run for reelection, if his plans were to change, it seems like Buttigieg could take a second run for the office.