Hunter Biden Net Worth 2020
|Popular Name:||Hunter Biden|
|Real Name:||Robert Hunter Biden|
|Birth Date:||February 4, 1970|
|Birth Place:||Wilmington, Delaware, United States|
Kathleen Buhle (m. 1996, div. 2017)
Melissa Cohen (m. 2019)
|Profession:||Lawyer, Investment Advisor|
|Years active:||1996 Till Date|
|Net Worth:||$3 Million|
Hunter Biden is professionally known as an American lawyer and investment advisor. He is a son of former Vice President of the United States Joe Biden. He is also a founding partner of the investment and advisory firm ‘Rosemont Seneca Partners’. From 2014 to 2019, Biden held a position on the board of Burisma Holdings, a known Ukrainian natural gas producer. He has been the subject of right-wing conspiracy theories regarding his business dealings in Ukraine, though most of these has been debunked. In September 2019, President Donald Trump‘s attempt to make the Ukrainian government to investigate Hunter Biden and his father by withholding foreign aid prompted an impeachment inquiry in which Trump was acquitted by senate after getting impeached by the house. Further reading reveals Hunter Biden net worth and career as we attempt to examine how lucrative his job as a lawyer and investment advisor is.
Hunter Biden’s Early Life
Robert Hunter Biden is the second son of Joe Biden and his wife Neilia Biden (née Hunter). He was born in Wilmington, Delaware, on February 4, 1970. His father, Joe, served in the U.S. Senate for 36 years until 2009, and as Vice President from 2009 to 2017 under the administration of Barack Obama. Biden lost his mother and younger sister named Naomi to an automobile crash that happened on December 18, 1972, and left him and his older brother Beau seriously wounded. He recovered from injury with his brother, and they encouraged their father to marry again. Their half-sister, Ashley, is the product of Joe Biden’s marriage to Jill Jacobs which took place in 1977.
Like his father and brother, Hunter Biden attended a catholic high school in Delaware known as Archmere Academy. He graduated from Georgetown University in 1992 bagging a bachelor’s degree in history.
Hunter Biden’s Career
After completing his studies at Georgetown University, he attended law school and graduated in 1996. He got a position at a major bank holding company called MBNA America. This company was a major contributor to the political campaigns of his father. In two years after he started working here, Biden has elevated to the position of executive vice president. From 1998 to 2001, he had a role to play in the United States Department of Commerce, where he served focusing on eCommerce policy.
In 2006, Biden and his uncle, James, attempted to buy the hedge-fund group Paradigm, but the deal fell before completion. In that same year, the serving president George W. Bush appointed him to serve on the board of directors of Amtrak for a five-year term. He was a board member until his resignation in February 2009. He was also the vice chairman of the board from July 2006 to January 2009. He resigned from these positions as soon as his father became vice president.
Biden is a well-known investment professional who has his eye set on early stage investments in tech companies. In 2009, Biden, Christopher Heinz and Devon Archer founded an investment and advisory firm known as Rosemont Seneca. He also founded the venture capital firm Eudora Global. In 2014, he held the post of counsel in the Boies Schiller Flexner LLP law firm. In 2013, Rosemont Seneca Partners, the investment firm in which he is a founding partner, collaborated with Thornton Group LLC and two other asset managers registered in China to establish a private equity fund known as BHR Partners.
In April 2014, a while after the Ukrainian revolution, Hunter Biden joined the board of Burisma Holdings. This is one of the biggest independent natural gas producers in Ukraine. The company is owned by a Ukrainian former politician and oligarch politician Mykola Zlochevsky who was investigated for money laundering at that time. Biden, an attorney then with Boies Schiller Flexner law firm, was hired to help Burisma Holdings with corporate governance best practices. Biden served on the board of this gas producing company until his term expired in the April of 2019, receiving compensation of around $50,000 per month.
Biden’s application for a position in the Navy Reserve was approved in May 2013 when he was already age 43. He was accepted into the Navy as part of its program that allows a number of people with useful skills to receive commissions while serving in staff positions. Due to a past drug-related issue, he received a waiver and an age-related waiver, and was installed as a direct commission officer. His commissioning Oath was administered in a White House ceremony. The next month, he tested positive fo cocaine and was subsequently charged. In his defense, he attributed the result to accepting cigarettes from other smokers who he suspects might have laced it with the drug.
Personal Life & Family
In 1993, Hunter Biden married Kathleen Buhle. Their union produced three children, Maisy, Naomi, and Finnegan. After their separation in 2015, he started a relationship with Hallie Biden who is the widow of his brother, Beau. Their relationship ended in 2018. He married South African filmmaker Melissa Cohen in May 2019 and she bore him a son in March 2020. He also has another child born to Lunden Alexis Roberts in August 2018.
Biden spent many years struggling with drug and alcohol addiction. He joined the United States Navy Reserve and tested positive for cocaine use just one month later. Due to his know history with drugs, he chose not to appeal and rather faced his charges citing that nobody will believe his claim that he might have gotten the cocaine in his system by accepting cigarettes from smokers who may have laced it with the drug.
Hunter Biden Net Worth 2020
A lawyer and investment advisor, it is expected that his earnings come from his profession. He is also a founder or co-founder of a number of firms which is believed to be bringing in profits routinely. Hunter has held strategic positions in firms and companies. He has been member of board at Burisma Holdings and Amtrak, and it is widely believed that he earned a decent salary during his time in those places. After divorcing his wife in 2017, Biden revealed that he maintains a monthly income of around $4,000 due to agreements to pay his ex-wife $37,000 every month for 10 years. This will of course, shake his bank balance but the once highly-paid consultant still has what it takes to rake in more funds through deals, and from his running companies and firms.
In 2020, Hunter Biden net worth is estimated to be $3 million. He is still a very active 50-year old lawyer and investment advisor so there’s no doubt he won’t be able to gain additional fortune in the future.