In a recent court deposition, Hunter Biden revealed financial difficulties. He stated that his family is financially troubled and that legal fees are overwhelming him. The deposition relates to a lawsuit between Biden and the law firm Winston Taylor, concerning unpaid legal bills.
Winston Taylor, known for representing prominent Democrats, claims Biden owes $17 million for legal services. These services include representation in criminal cases, congressional investigations, and defamation suits. Biden stated, “My family doesn’t have any money, and it’s not their debt anyway.” He mentioned his only assets are his paintings and claimed no other substantial resources.
“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.” — Hunter Biden
There are reports suggesting the Biden family might indeed be experiencing financial constraints. The Wall Street Journal reported in September 2025 about former President Joe Biden facing challenges in capitalizing on his presidential tenure compared to his predecessors.
After leaving office, Joe Biden reportedly had significant personal debt, including increased property taxes on their Delaware home. He also faced issues securing lucrative speaking engagements due to his unpopularity and potential backlash from President Donald Trump.
Despite these challenges, Joe Biden receives over $400,000 annually in government pensions, according to the National Taxpayers Union Foundation. Hunter Biden’s financial situation seems impacted by personal choices, including a history of substance abuse.
Reports indicate that Hunter Biden spent lavishly on drugs, alcohol, luxury hotels, prostitutes, and jewelry. These spending habits might explain why he depleted wealth gained from selling artwork and earning a significant salary at Ukrainian energy company Burisma.
“I don’t have any assets. I don’t own a car. I don’t own a phone,” Hunter Biden said during the deposition.
Biden contends that Winston Taylor was aware of his inability to pay when taking him as a client, alleging an agreement to “work something out.” The firm claims they attempted to connect him with Democratic donors to cover his legal expenses.
In July, Hunter Biden secured a minor legal victory when a judge awarded him $1.7 million in a defamation case. Winston Taylor is attempting to place a lien on this judgment. However, collecting might be difficult as Patrick Byrne, the former Overstock CEO involved, is reportedly overseas.
Fox News Digital’s requests for comments from Hunter Biden and former President Joe Biden’s representatives received no response.