Hunter Biden's Net Worth and Controversial Financial Journey
Hunter Biden's Net Worth and Controversial Financial Journey.
What is Hunter Biden's net worth and salary?
Hunter Biden is an American attorney and lobbyist with an estimated net worth of $1 million. He is primarily recognized as the son of President Joe Biden. A figure often surrounded by controversy, Hunter has faced criticism for allegedly leveraging his relationship with his father to secure profitable roles with various international firms.
Additionally, he has publicly struggled with substance abuse and has been involved in several personal relationships, including one with the widow of his brother. Furthermore, he has been the subject of multiple legal challenges related to tax issues.
Earnings and Debts
Between 2014 and 2016, Hunter reportedly raked in $6 million from various sources. A leaked email revealed that he earned $833,000 in 2013, $847,000 in 2014, and a whopping $2.5 million in 2016. He stirred up some controversy by being on the board of a Ukrainian natural gas company from 2014 to 2019.
However, he was just as quick to blow through that cash and ended up with debts exceeding $475,000, which included $320,000 in unpaid federal taxes. Leaked messages indicated that Hunter splurged on a bunch of toys – a 2014 Porsche, an Audi, an $80,000 boat, a BMW, two trucks, and several Range Rovers. He also reportedly spent a significant amount on drugs and women.
In 2020, he managed to pay off his tax bill completely, thanks to an entertainment lawyer named Kevin Morris, who lent him $2 million to settle the debt. The specifics of their agreement before the payment remain unclear.
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Tax Evasion Charges
In December 2023, federal prosecutors hit Hunter with multiple tax evasion charges. The allegations state that between 2016 and 2019, he spent $5 million on a lavish lifestyle while neglecting to pay $1.4 million in taxes. His spending during those years included some pretty shocking details. Over that three-year span, Hunter allegedly withdrew $1.6 million from ATMs and spent significant amounts on various expenses:
$684,000 on prostitutes
$188,000 on "adult entertainment" (believed to sex club memberships and pornography)
$400,000 on clothing and accessories
$70,000 on rehab
Early Life and Career
Hunter Biden was born in Wilmington, Delaware, in February 1970 and is the son of Joe Biden. He graduated from Georgetown University and later got his JD from Yale University. He also served in the United States Navy Reserve.
From July 2006 to January 2009, Hunter was the Vice Chairman of the National Railroad Passenger Corporation. He co-founded an international consulting firm called Rosemont Seneca Partners and was on the board of Burisma Holdings, a Ukrainian natural gas company, from 2014 to 2019. While at Burisma, he reportedly earned a monthly retainer that sometimes exceeded $50,000.
In 2019, President Trump alleged that Joe Biden pushed for the firing of a Ukrainian prosecutor to shield Hunter from an investigation. However, Hunter was not under investigation, and no evidence of any wrongdoing has been found. These claims contributed to an impeachment inquiry in 2019.
MBNA
In 1996, Hunter was employed at MBNA, a bank located in Delaware, where he made a yearly salary of $100,000. He departed from MBNA in 2001 to start his own lobbying business. From 2001 to 2005, he worked as a paid consultant for MBNA, and reports from The New York Times suggest that his consulting firm received millions from them. At that time, his father was the senior Senator for Delaware, and his brother Beau was on the verge of becoming the state's Attorney General.
Paradigm Global Advisors
In 2006, Hunter Biden and his uncle James Biden, who is Joe's younger brother, bought a hedge fund named Paradigm Global Advisors. They financed the purchase with an $8.1 million promissory note. Throughout their five years at the firm, Hunter and James didn't really shine as investors.
They reportedly lost money due to various frauds and Ponzi schemes more than once. While working at the fund, Hunter earned a yearly salary of $1.2 million. Allegedly, they closed down the fund in 2010 and never settled the $8.1 million promissory note.
LATEST: Joe Biden Grants 'Full and Unconditional' Pardon to Son Hunter.
Burisma Holdings
Hunter Biden served as a well-compensated Board Member for the Ukrainian company Burisma Holdings from 2014 to 2019. During his tenure, he was said to make around $50,000 each month. Overall, it's estimated that he raked in between $850,000 and $3 million while on the board.
Personal Life
Hunter Biden was married to Kathleen Buhle from 1993 to 2017 (after separating in 2015). They have three children together.
In a 2019 interview, Hunter revealed that at that point he was living off a monthly income of $4,000 after agreeing to pay his ex-wife $37,000 per month for 10 years when they divorced.
From 2016 to 2019 he dated his brother Beau's widow.
In May 2019 Hunter married South African filmmaker Melissa Cohen. They married 10 days after meeting. They welcomed a son in March 2020.
In August 2018, a woman named Lunden Alexis Roberts gave birth to Hunter's child. In May 2023 Hunter appealed to a court in Arkansas, where Lunden and their child live, seeking to have his monthly support obligation lowered. In his filing, Hunter revealed that he was paying Lunden $20,000 per month and had paid her $750,000 up to that point.
Hunter Biden, despite facing public scrutiny and legal challenges, has made significant strides in his personal and professional life. His work as an attorney, lobbyist, and board member for Burisma Holdings reflects his expertise in business and international affairs. Hunter has openly acknowledged his past struggles with addiction and has worked hard to overcome them, staying sober for over five years.
His commitment to recovery and rebuilding his life, along with his efforts to make amends, demonstrate his resilience and determination. Despite controversies, Hunter Biden continues to focus on personal growth and contributing positively to society.
