Hunter Biden has claimed under oath that he has no assets and his family is broke, despite previous reports of their wealth. He owes $17 million to lawyers who represented him in various legal cases, including criminal prosecutions, congressional investigations, and civil lawsuits.
According to a report by Fox News, the law firm, Winston Taylor, has tried to connect Biden with donors to help him cover his legal bills, but has been unsuccessful. With his father out of power, Biden's influence peddling market has dried up, and he is no longer able to rely on wealthy donors to fund his lifestyle.
This news comes as a surprise to many, given the Bidens' previously reported wealth. Joe and Jill Biden have received book contracts and have a $2.7 million home in Delaware, which is subject to increased property taxes. However, the Bidens are not in a better financial situation than Hunter, as Joe Biden reportedly struggles with $800,000 in debt.
Hunter Biden has also been unable to pay his own bills, including a recent defamation case in which he was awarded $1.7 million. However, the law firm that represented him in the case immediately claimed the award, leaving Biden with no financial gain.
The Bidens' financial struggles are being closely watched by Democrats, who blame Joe Biden for his declining popularity and diminished ability to earn income through speeches and appearances. Hunter Biden's situation is a stark contrast to his previous life as a lavish spender, subsidized by wealthy Democratic donors and friends.
Analysts note that Hunter Biden has a history of gaming the system and using his connections to avoid financial consequences. He has previously been accused of threatening critics and using his influence to silence them. This latest development is just the latest example of his ability to manipulate the financial system to his advantage.