The US former Vice President, Joe Biden‘s son, Hunter Biden‘ is an American lawyer and lobbyist. Hunter Biden’s net worth was estimated to be $3 million. He is currently involved at Rosemont Seneca as a partner and a Counsel to a Limited Liability Partnership. Hunter also serves as a member of the U.S. Supreme Court, the U.S. Court of Federal Claims, and many others.
Like his father, Joe Biden, Hunter has equally contributed his efforts to numerous organizations in the USA. He has served in the United States Department of Commerce, and he was also the direct commission officer in the U.S. Naval Reserve. Well, coming back to the net worth, stick up with the article to know more about Hunter Biden’s income and earnings.
Hunter Biden’s Net Worth And Earnings
According to Celebrity Net Worth, Hunter Biden’s net worth was estimated at $3 million in 2019. He probably has a net worth of more than or equal to $3 million as of 2020. As for his father, Joe Biden’s net worth is approximately $9 million. Hunter has served as a member of numerous boards. His sources of incomes and earnings are listed down below:
Earnings As Lobbyist And Investor
Well, Hunter Biden is an American lawyer and lobbyist. As stated prior, he is also a founding partner of an investment and advisory firm, Rosemont Seneca Partners. He probably has satisfying earnings as lawyer, lobbyist, and Rosemont Seneca Partners’ founding partner.
Similarly, in April 2014, Biden joined the board of Burisma Holdings after the Ukrainian revolution. He was a highly-paid Board Member for Ukrainian-based Burisma Holdings from 2014 to 2019. Joe Biden’s son reportedly earned $50,000 per month during his time on the Board of Burisma. Some sources claimed that he earned $850,000 – $3 million during his time as a Burisma Board Member.
Hunter Biden has been the head of Ukraine’s largest non-governmental gas production whose GDP was $93.27 billion in 2016. A certain amount of his net worth was increased when he was the Head of Ukraine Gas Company. However, public response towards Joe Biden’s job was terrible as it created a problem for the U.S. soft power.
Paradigm Global Advisors
Hunter Biden and his uncle, James Biden, purchased a hedge fund called Paradigm Global Advisors at $8.1 million promissory note in 2006. From 2008-2009, he was a founding partner of Oldaker Biden and Belair, LLP, which is under New York Firm based.
In hedge funds Paradigm Global Advisors, he was appointed as CEO and also at MBNA, U.S. bank, he had held the position of vice president. But they were not successful investors over the five-year tenure at the firm.
The allegedly lost money in frauds and Ponzi schemes on occasions. Hunter drew an annual salary of $1.2 million during his time with the fund. Hunter and James then unwound the fund in 2010 and never paid off the $8.1 million promissory note.
BHR Partners And Feud With Donald Trump
In Sep 2019, President Donald Trump falsely claimed that Biden walked out of China with $1.5 million. And he earned “millions” of dollars from the BHR deal, while Trump was also accusing Biden of malfeasance in Ukraine. Similarly, Trump publicly called on China to investigate Biden’s business activities while his father was vice president.
Hunter Biden announced his resignation from the Board of Directors for BHR Partners effective at the end of the month on Oct 13, 2019. Biden’s lawyer said that he had not received any compensation for being BHR’s board of directors. Also, he had not received any return on his equity share in BHR. In addition to that, he told The Washington Post that BHR Partners had been “capitalized from various sources with a total of 30 million RMB, or about $4.2 million, not $1.5 billion.”
Hunter Biden And His Naval Issues
Joe Biden’s son, Hunter Biden, holds various reputed positions in some of the U.S. National’s office, but he had also faced some downfall along with his journey. In May 2003, U.S. Naval Reserve selected Biden as a direct commission officer.
However, in the middle of the Navy program, Biden was cut-off from his position as he was found involved in Cocaine incident. It was after a month when he was tested positive for Cocaine and was discharged in February 2014.
In 2013, Hunter Biden went to China with his father, Joe Biden, through the Air Force. From the Chinese government, Hunter’s firm received $1 billion in private equity, which later got increased by 50%.
Hunter Biden’s Net Worth From 2016 To 2020
As Hunter Biden has been a member of numerous boards, there has been an increment in his net worth over the years. In 2016, Hunter Biden had an estimated net worth of $700,000. Then, his net worth rose to $800,000 in 2017.
In 2018, Hunter made a promising net worth of $900,000, and it touched $1 million in 2019. Finally, Hunter Biden’s net worth reached $3 million in 2020. So, we can say that there have been increments in Hunter Biden’s net worth per year.
Besides earning massive wealth, Hunter Biden is now a proud son of a President-elect father, Joe Biden. He has been declared the President-elect since November 2020 and will be inaugurated as the 46th President of the United States in January 2021 along with Kamala Harris, the only South Asian American to claim the title of Vice-president in the US.