Hunter Biden, the son of former President Joe Biden, candidly expressed uncertainty about how he will manage his substantial debts during a recent interview with podcaster Shawn Ryan. The 55-year-old, who has transitioned from attorney to artist and memoirist, disclosed that he is grappling with an estimated $15 million in liabilities.
In a straightforward admission, Hunter stated, “Nobody’s riding to the rescue for Hunter Biden.” This stark declaration underscores his awareness of his financial predicament. He elaborated on his family's financial history, noting, “My dad, you know, entered the presidency as the poorest man to ever take the office. And he left the presidency [as] the, you know, not poorest, I mean, he’s fine, but he has no, we have no generational wealth.”
Throughout the extensive five-hour conversation, Hunter voiced frustrations regarding the mounting costs associated with various legal battles he has faced in recent years. He remarked, “I don’t have any, you know, despite what these guys say, like there’s no billions of dollars buried underneath my dad’s house,” while lamenting the financial toll of litigation related to his controversial “laptop from hell.”
In March 2024, Hunter sought to dismiss a lawsuit he initiated in 2023 against Garrett Ziegler, a former aide in the Trump White House. This move was attributed to his ongoing financial struggles. Ziegler’s Marco Polo website had previously exposed damaging information from Hunter's laptop, including evidence of drug use and financial irregularities.
Hunter's lawsuit accused Ziegler and Marco Polo of unlawfully publishing a database containing 128,000 emails extracted from the laptop. In court documents filed to dismiss the case, Hunter's legal team highlighted that he "has suffered a significant downturn in his income and has significant debt in the millions of dollars range."
Financial setbacks have plagued Hunter recently, including losses stemming from January’s Pacific Palisades wildfires that rendered his rental home uninhabitable for an extended period. Court records indicate that he has struggled to maintain a consistent income as sales from his art and memoir have significantly declined over the past 18 months.
In fact, Hunter revealed that since December 2023, he has sold only one piece of abstract art for $36,000. This is a stark contrast to the nearly $1.5 million he earned following his father’s election and during the early years of the Biden administration.
