Here’s what was said.
Hunter Biden says mounting legal bills have left him nearly penniless, claiming in a newly released deposition that neither he nor his family has the money to cover millions of dollars in unpaid legal fees.
The deposition became public as part of an ongoing legal dispute with the law firm Winston Taylor, which claims Hunter Biden still owes approximately $17 million for legal services provided during criminal proceedings, congressional inquiries, and multiple civil cases.
Hunter Biden Says He Has Almost Nothing Left
According to the deposition transcript, Hunter Biden described himself as having virtually no assets.
“My family doesn’t have any money, and it’s not their debt anyway,” Biden testified.
He also said the only property he owns of any meaningful value is artwork he painted himself.
“I don’t own anything of any value other than… my paintings,” Biden said. “I don’t even have any other assets at all—stocks, bonds, savings accounts, anything like that.”
Later in the deposition, Hunter Biden added another surprising claim.
“I don’t have any assets. I don’t own a car. I don’t own a phone.”
Those statements stand in sharp contrast to the substantial income he earned during previous years through business ventures, board memberships, and art sales.
Biden Family Finances Face New Questions
Hunter Biden’s financial claims come as reports have suggested former President Joe Biden has also faced financial challenges since leaving office.
According to previous reporting by The Wall Street Journal, Joe Biden left the White House carrying approximately $800,000 in personal debt while also facing increased property taxes on his Delaware home.
The report also stated that Biden has struggled to secure the lucrative paid speaking engagements that many former presidents rely on after leaving office.
Despite those reported challenges, Joe Biden continues to receive more than $400,000 annually in government pensions earned through his decades of public service in Congress and the presidency, according to the National Taxpayers Union Foundation.
Years Of High Spending Draw Renewed Attention
Hunter Biden’s testimony has also renewed interest in his well-documented personal spending during years marked by drug addiction and legal troubles.
Court records and previous public reporting have described significant spending on luxury hotels, alcohol, drugs, jewelry, and other personal expenses.
Critics have questioned how the younger Biden exhausted money earned from artwork sales and his highly compensated position with Ukrainian energy company Burisma.
While Hunter Biden now says he has little remaining, those past financial decisions continue to draw public scrutiny.
$17 Million Legal Fight Continues
At the center of the dispute is Winston Taylor, the law firm seeking approximately $17 million in unpaid legal fees.
Hunter Biden argues the firm understood his financial limitations when it agreed to represent him and claims both sides expected they would eventually “work something out.”
The law firm disputes that account. According to court filings, Winston Taylor says it even attempted to connect Hunter Biden with Democratic donors who could help pay the outstanding legal bills.
Defamation Victory May Not Solve The Problem
Hunter Biden recently secured a $1.7 million judgment in a defamation lawsuit, but the money may not be enough to resolve his financial problems.
Winston Taylor has reportedly moved to place a lien on that judgment in an effort to recover unpaid legal fees.
Collecting the award could also prove difficult because the defendant, former Overstock CEO Patrick Byrne, is believed to be living overseas.
Requests For Comment Go Unanswered
Fox News Digital reported that representatives for both Hunter Biden and former President Joe Biden did not respond to requests for comment regarding the newly released deposition.
As the lawsuit moves forward, Hunter Biden’s sworn testimony offers an unusually detailed glimpse into his current financial condition. Whether the court ultimately accepts his claims—or whether the law firm succeeds in recovering the millions it says it is owed—will be determined as the legal battle continues.
