What is Hunter Biden's Net Worth and Salary?
Hunter Biden is an American lawyer and lobbyist with a net worth of $1 million. Best known as the son of President Joe Biden, Hunter has been a controversial figure, facing criticism for leveraging his connections to secure lucrative roles with international companies. Battling drug addiction and caught in numerous scandals, including affairs and tax-related prosecutions, he has remained a focal point in the media.
Earnings and Debts
Between 2014 and 2016, Hunter reportedly earned $6 million through various income sources. Leaked emails revealed he made $833,000 in 2013, $847,000 in 2014, and $2.5 million in 2016. Serving on the board of a Ukrainian natural gas company from 2014 to 2019, Hunter was at the center of numerous controversies.
Despite his earnings, Hunter accrued debts topping $475,000, with $320,000 owed in federal taxes. Leaked communications depicted his extravagant spending on a fleet of luxury vehicles, including a Porsche, Audi, and several Range Rovers, as well as significant sums on drugs and women.
In 2020, entertainment lawyer Kevin Morris lent Biden $2 million to settle his tax debt. The terms of this loan, if any, remain unclear.
Tax Evasion Charges
In December 2023, Federal prosecutors indicted Hunter on multiple tax evasion charges. Between 2016 and 2019, Hunter allegedly spent $5 million on a lavish lifestyle while failing to pay $1.4 million in taxes. During this period, Hunter withdrew $1.6 million from ATMs and spent:
- $684,000 on prostitutes
- $188,000 on "adult entertainment"
- $400,000 on clothing and accessories
- $70,000 on rehab
Early Life and Career
Hunter Biden was born in Wilmington, Delaware, in February 1970, to Joe Biden. He graduated from Georgetown University and earned a JD from Yale University. He served in the United States Navy Reserve.
Hunter was Vice Chairman of the National Railroad Passenger Corporation from July 2006 to January 2009 and co-founded the international consulting firm Rosemont Seneca Partners. From 2014 to 2019, he was a board member of Burisma Holdings, where he earned a monthly retainer reportedly exceeding $50,000 at times.
In 2019, President Trump accused Joe Biden of seeking the dismissal of a Ukrainian prosecutor to protect Hunter from investigation. No evidence supported these claims, which were part of the 2019 impeachment proceedings.
MBNA
In 1996, Hunter worked for the Delaware-based bank MBNA, earning an annual salary of $100,000. He left MBNA in 2001 to launch a lobbying firm and was a paid consultant to MBNA until 2005. The New York Times reported that MBNA paid his consulting firm millions, coinciding with his father's and brother's prominent political positions.
Paradigm Global Advisors
In 2006, Hunter and his uncle James Biden purchased a hedge fund called Paradigm Global Advisors using an $8.1 million promissory note. Their tenure was marked by financial losses, including frauds and Ponzi schemes. Hunter drew an annual salary of $1.2 million, but the fund was unwound in 2010, and the $8.1 million note remains unpaid.
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Burisma Holdings
From 2014 to 2019, Hunter Biden served on the Board of Ukrainian-based Burisma Holdings, earning a monthly retainer reportedly topping $50,000. His total earnings during this period are estimated between $850,000 and $3 million.
Personal Life
Hunter Biden was married to Kathleen Buhle from 1993 until their separation in 2015 and subsequent divorce in 2017. They have three children together.
In a 2019 interview, Hunter disclosed he was living on a monthly income of $4,000 while paying his ex-wife $37,000 per month as part of their divorce settlement.
He dated his brother Beau's widow from 2016 to 2019 and married South African filmmaker Melissa Cohen in May 2019, just ten days after meeting. The couple welcomed a son in March 2020.
In August 2018, Lunden Alexis Roberts gave birth to Hunter's child. In May 2023, Hunter sought to reduce his monthly child support payments from $20,000, revealing he had paid $750,000 up to that point.
