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Hunter Biden says family penniless, crushed under $17M in legal debt
Hunter Biden, son of former US President Joe Biden, said he cannot pay the $17 million he owes a law firm, adding his family is out of money and has no assets except his own paintings.
Hunter Biden, the son of former US President Joe Biden, announced he cannot pay the $17 million in legal fees he owes. In a statement given in February and released by his new lawyers, Biden said his family is in poor financial shape and has no money at all.
"My family has no money, and the debt isn't theirs anyway. I have no valuable assets besides my own paintings; I don't own any stocks, bonds, or savings accounts," he said.
The debt is owed to the Winston Taylor law firm, which represented him in criminal cases, congressional investigations, and defamation lawsuits. The firm has a history of representing high-profile Democrats.
In his deposition, Hunter Biden claimed the law firm knew he couldn't pay when they took him on as a client, and the two sides agreed to "figure something out." The firm, however, says Biden tried to tap Democratic donor networks to cover his legal costs.
Biden's claim of being broke is consistent with his past partying, drug and alcohol addiction, and luxury spending. He is reported to have spent heavily on cocaine, booze, fancy hotels, prostitutes, and pricey jewelry for his brother's widow, with whom he had a relationship. While earning a seven-figure salary at the Ukrainian energy company Burisma and cashing in on his art, he is believed to have burned through that fortune.
Former President Joe Biden's finances aren't bright either. According to a Wall Street Journal report from September 2025, he left office with roughly $800,000 in personal debt and is struggling with property taxes on his $2.7 million Delaware home. He has also been unable to line up the paid speaking gigs former presidents often rely on, owing to his unpopularity and fear of provoking former President Donald Trump. Still, Joe Biden draws an annual government pension of more than $400,000 from his years in Congress and the White House.
Even though Hunter Biden won $1.7 million in a defamation suit in July, Winston Taylor is moving to garnish that award, but collecting it is said to be difficult because Patrick Byrne, the Overstock CEO who lost the case, is abroad.
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