Hunter Biden is an American attorney, consultant, lobbyist, painter, and the second son of U.S. president Joe Biden. As of November 2022, Hunter Biden's net worth is estimated to be $330 million.
As president Joe Biden's son, Hunter has been in the public eye almost all his life. He's a somewhat controversial figure, criticized for appearing to use the proximity to his father - Senator and later vice president and president of the USA - to find lucrative positions for overseas companies. He's also battled drug addiction and affairs, including one with his brother's widow.
Eager to know about Hunter Biden's net worth? This guide will explore Hunter Biden's Net worth, deals, wealth, controversies, and more.
What is Hunter Biden’s net worth 2022?
As of 2021, Hunter Biden's net worth is estimated to be $330 million. This includes income from his business deals, investments, and consulting work.
|Hunter Biden's net worth||$330|
|Full name||Robert Hunter Biden|
|Monthly Income||$3 million|
|Date of Birth||February 4, 1970|
|Place of Birth||Wilmington, Delaware|
|Height||1.83 m (6 ft 0 in)|
|Country of Origin||United States of America|
|Source of Wealth||Lawyer, consultant, lobbyist|
Hunter Biden has an estimated $130 million in assets and about $85 million in investments. His assets also include cash reserves of an estimated $50 million+. His investment portfolio includes 4 stocks valued at about $85 million. He also has over $45 million in government bonds and bank deposits, which gives him annual interest and dividend payments. His rental income is estimated at over $5 million annually, while his dividend and interest income is about $2 million annually.
What are the sources of Hunter Biden's wealth?
#1. Hunter Biden MBNA Bank salary of $100,000
After graduating college, in 1996, Hunter Biden started working for MBNA bank Delaware, earning an annual salary of $100,000. At that time, MBNA bank generously donated to his father's political campaigns. Later, in 2001, Hunter secured an MBNA consultant job, earning over $100,000 for five years.
#2. Hunter Biden's Lobbyist salary
In 2001 Hunter Biden left MBNA and launched a firm, Oldaker, Biden & Belair, for lobbying practice in Washington. The firm advocated for colleges, hospitals, and drug research companies. His father, Joe Biden, then a presidential candidate, also paid Hunter's lobbying firm at least $143,000 for "legal services" throughout his campaign. The firm pulled in around $3.8 million between 2002 and 2007.
#3. Hunter Biden's Art Studio Professional artwork sales of $75,000-$500,000 per piece
In 2020, according to a New York Times report, Hunter Biden had been painting art as an "undiscovered artist" in his Malibu Hollywood Hills home. When Biden's paintings were put up for sale, each earned about $75,000 to $500,000 per painting.
#4. Vice chairman of the National Railroad Passenger Corporation (2006-2009)
In 2006, President George W. Bush appointed Hunter Biden for a five-year term on the board of directors of Amtrak — the National Railroad Passenger Corporation — in an unpaid capacity. Biden became the board's vice chairman from July 2006 until 2009.
#5. United States Navy Reserve
Hunter Biden joined the U.S. Navy Reserve in May 2013, aged 43. He was accepted as part of a program that allows applicants with desirable skills (limited number) to receive commissions and serve in staff positions. He received an age and drug-test waiver due to his past drug-related incident. But after a month, Hunter tested positive for cocaine and was discharged administratively, which he chose not to appeal.
#6. Hunter Biden Hedge fund purchase of $8.1 million promissory note with his uncle, James Biden
In 2006, Hunter Biden and his uncle, James Biden, purchased a hedge fund company called Paradigm Global Advisors through an $8.1 million promissory note. Hunter reportedly took home a salary of $1.2 million annually as interim CEO for five years until 2011. The $8.1 million promissory note seemingly never repaid, and the firm was liquidated in 2010.
In 2008, Hunter co-launched a consultancy company called Seneca Global Advisors that helped companies expand into foreign markets. Hunter became a partner in many investment vehicles that included the name "Seneca," such as 2009's investment and advisory firm Rosemont Seneca Partners and a venture capital firm Eudora Global.
#7. Multiple income sources (2014-2016) of $6 million
Between 2014 and 2016, he earned an estimated $6 million from various income sources. These earnings came from his deals dating back to 2014 and extended to 2019.
In 2014, he held an "of counsel" position in the law firm Boies Schiller Flexner LLP, where he earned an estimated $216,000 a year. From 2011 to 2014, Hunter Biden was a board director of the UN World Food Program USA and its board chairman from 2011 to 2015.
Hunter Biden served as a board director of Burisma Holdings from 2013 to April 2019, receiving compensation of up to $50,000 per month, according to Bloomberg News. Burisma hired Biden to help the company with corporate governance best practices.
A forensic analysis of Hunter Biden's hard drive reported by NBC News revealed he and his firm were paid an estimated $5.8 million from 2013 to 2018 from his deal with Chinese interests. Hunter did not earn a salary from his board position on China-based private equity fund BHR Partners, which he co-created in 2014. His involvement in Ukraine and China became a matter of investigation by the U.S. federal government. But he holds a 10% stake in the firm, which he acquired in 2017 at a discount, paying $420,000. Also, several bank accounts associated with Hunter Biden received an estimated $4.8 million in payments from CEFC China Energy, an oil and gas company.
In 2020, Hunter earned an estimated $2 million advance from Simon & Schuster for his memoir: Beautiful Things.
What is Hunter Biden's net worth?
As of November 2022, Hunter Biden's Net Worth is estimated to be $330 million. Yet, some sources also report Hunter Biden's net worth is $1 million, having used most of his income over the years.
What are Hunter Biden's main sources of income?
Hunter Biden has made his money through various sources, including assets, business deals, investments, consulting, board of several companies, book sales, endorsements, and appearances.
How has Hunter Biden's net worth changed over time?
From his work, investment, and more, Hunter Biden's net worth has grown over the years and is estimated at:
- 2022: $230 million
- 2021: $230 million
- 2020: $215 million
- 2019: $186 million
- 2018: $170 million
- 2017: $151 million
What are some of Hunter Biden's most notable deals?
- 1996: working for MBNA Bank Delaware, earning $100,000
- 2001: MBNA consultant earning over $100,000
- 2001: Founding member of Oldaker, Biden & Belair
- Joe Biden paid Hunter's lobbying firm $143,000
- Hedge fund purchase of $8.1 million promissory note with his uncle, James Biden
- Founding member of BHR Partners
- Burisma Holdings. From 2014 to 2019, Hunter served on the board of Burisma Holdings.
- Art Studio Professional artwork sales of $75,000-$500,000 per piece
- Earned $2 million advanced from Beautiful Things (Autobiography, 2021)
What are Hunter Biden's global advisors?
- Paradigm Global Advisors
- Seneca Global Advisors
- Rosemont Seneca Partners
What is Hunter Biden's background?
Robert Hunter Biden is the second son of Joe Biden, the president of the United States of America, an attorney, a lobbyist, an artist (painter), a consultant, and an investor. Hunter Biden graduated from Georgetown University, earning his J.D. from Yale University. He then served in the United States Navy Reserve. He then worked for Delaware bank MBNA in 1996. In 2001, he decided to leave MBNA and launch a lobbying practice. Between 2001 and 2005, he was a consultant for the MBNA bank, earning millions of dollars. He has served on the boards of several companies and organizations, including Burisma Holdings and World Food Program USA. He has also served as vice-chairman of the National Railroad Passenger Corporation.
What are some of the controversies surrounding Hunter Biden?
Hunter has had a bit of controversy. He was discharged from the U.S. Navy Reserve after failing a drug test. He has also had extramarital affairs, including with his late brother's wife. His controversial investments related to Ukraine have also been a matter of public discussion. He also had the laptop controversy that contained an email describing what the New York Post illustrated as a "meeting" between President Joe Biden and Vadym Pozharskyi, a Burisma advisor, in 2015. Witnesses disputed this claim, and the email would later be authenticated.
How has Hunter Biden's net worth been affected by the controversies?
Hunter Biden has had a life-long struggle with drugs and alcoholism, compounded with controversies, which he detailed in his memoir Beautiful Things. He was sent out of the navy because of cocaine. His firm was paid an estimated $11 million from 2013 to 2018, which fueled his addiction. The money from Burisma turned into a major enabler during addiction, and he spent recklessly, dangerously, and destructively.
What is Hunter Biden's lifestyle like?
Hunter Biden married Kathleen Buhle in 1993, and they have three daughters: Naomi, Finnegan, and Maisy. But they divorced in 2017. He had a relationship with his elder brother's widow, Hallie Olivere but the relationship ended in 2019. He's also the father of a daughter born to Lunden Alexis Roberts in August 2018. Hunter remarried in 2019 to South African filmmaker Melissa Cohen, and they have a son, Beau, who was born in March 2020. Hunter owns over 15 real estate properties, including an art studio, about 9 Cars, 3 Luxury Yachts, and a private jet.
What are some of the products and services that Hunter Biden has invested in?
Hunter Biden has invested in consulting, lobbying, artwork, oil and gas, and earth minerals. Hunter also co-owns a real estate company that handles his 15 properties, including his home in Washington, D.C.
The key takeaway from this guide is that Hunter Biden has amassed considerable wealth and influence through his various businesses and advisors. We should always be ready to bounce back and change our destiny. Even though his childhood started in pain when his mother and sister died in a car crash, Hunter Biden went through his life to make a fortune, with his net worth now estimated to be $330 million.
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