(Luis Cornelio, Headline USA) Hunter Biden and his family are broke — at least according to his sworn testimony from February.
Hunter claimed in a newly unearthed deposition transcript that he has little assets and that his family cannot afford to pay off his legal bills, just two years after his father, former President Joe Biden, left office.
The deposition stems from a 2025 lawsuit filed by law firm Winston Taylor, which alleges Hunter owes it $17 million in unpaid legal fees. The firm represented Hunter during his criminal and congressional investigations.
“I don’t have any assets. I don’t own a car. I don’t own a phone,” Biden said in the deposition, according to The Washington Free Beacon.
“I don’t own anything of any value other than—and I don’t know the value of it—my paintings which I painted myself,” he added.
The disgraced former first son also testified he doesn’t “even have any other assets at all, stocks, bonds, anything like that, savings accounts.”
Hunter further claimed that his father and other relatives could not help foot the bill because they, too, were broke.
“My family doesn’t have any money, and it’s not their debt anyway,” he said, according to the Beacon.
The release of the deposition transcript comes just two weeks after Hunter secured a $1.7 million judgment in his defamation lawsuit against former Overstock CEO Patrick Byrne.
Ironically, attorneys from Winston Taylor represented Hunter in that case. They have since filed a lien asking the presiding judge to award the proceeds to the firm instead.
As previously reported by Headline USA, attorneys Shawn R. Obi and Scott M. Ahmad said they represented Hunter from Dec. 23, 2022, through March 12, 2025.
They alleged that Biden’s outstanding bill with the law firm “substantially” exceeds the $1.7 million judgment.
Hunter previously hinted at his financial struggles during his 2023 child-support dispute with the mother of his child, Lunden Roberts, who sought $20,000 in monthly payments. According to media reports, Hunter currently pays $5,000 per month.
Hunter also said in a separate defamation lawsuit against former Trump administration aide Garrett Ziegler that his once-lucrative painting business dried up after his father left office in 2025.
He cited his loss of income as to why he wanted to dismiss the lawsuit. In a court filing, Hunter declared that he had sold only one painting for $36,000 since late 2023.
He also claimed that his 2021 memoir, Beautiful Things, sold 1,100 copies over the weeks since its release.
Hunter’s current financial situation stands in stark contrast to the lavish lifestyle he enjoyed while his father served as vice president under former President Barack Obama.
According to congressional investigators, Hunter leveraged his proximity to his father by selling the appearance of political access in exchange for lucrative payments from foreign entities.
Although Hunter was never charged with acting as an unregistered foreign agent, he was indicted and ultimately pleaded guilty to nine federal tax offenses in 2024.
He ultimately avoided prison after his father issued a sweeping pardon covering any federal offenses he may have committed between Jan. 1, 2014, and Dec. 1, 2024.
