Hunter Biden Complains Family Is Broke During Deposition

Hunter Biden says the money is gone.

After years of lucrative business dealings, expensive artwork sales, and a public life closely tied to one of America’s most powerful political families, former President Joe Biden’s son is now claiming he owns virtually nothing of value and cannot afford the massive legal bills accumulated during years of investigations and court battles.

The extraordinary claim emerged from a Feb. 9 deposition in Hunter Biden’s ongoing dispute with the law firm Winston Taylor, which sued him in June 2025 over approximately $17 million in allegedly unpaid legal fees.

“I don’t have any assets. I don’t own a car. I don’t own a phone,” Biden, an attorney who has been disbarred in Connecticut, said in the deposition, according to a transcript released this week.

The financial picture he painted was remarkably bleak.

“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,” Biden testified. “So that’s it. And I don’t even have any other assets at all, stocks, bonds, anything like that, savings accounts.”

The testimony represents a dramatic fall for a Yale-trained lawyer who previously earned millions through overseas and domestic business ventures while his father served as vice president.

Hunter Biden also attracted significant attention during Joe Biden’s presidency when his artwork sold for substantial sums, despite his lack of a traditional professional background in the art world. Those sales became the subject of Republican scrutiny over concerns that buyers could potentially gain access or influence through purchases connected to the president’s son.

Now, according to Hunter Biden, even his family is unable — or unwilling — to rescue him from his mounting legal obligations.

“My family doesn’t have any money, and it’s not their debt anyway,” he said.

Winston Taylor alleges Biden failed to pay roughly $17 million in fees generated while the firm represented him through an extraordinary collection of legal problems, including federal criminal cases, congressional investigations, and defamation lawsuits brought against several individuals.

Biden does not appear to deny that millions remain unpaid. Instead, he argues that the law firm understood when it began representing him in late 2022 that he lacked the resources necessary to cover the full cost.

He maintains that Abbe Lowell, his former attorney, repeatedly told him not to be concerned about paying the bills.

Lowell has since departed the firm previously known as Winston & Strawn.

Hunter Biden’s financial collapse is particularly striking given the enormous sums he once earned.

Court filings, congressional investigations, and Biden’s own memoir have detailed how years of addiction and extravagant personal spending consumed much of his fortune.

He recently secured employment at a luxury addiction treatment center in Los Angeles, but his deposition suggests whatever income he is now earning is nowhere near sufficient to resolve his legal liabilities.

The testimony is also drawing renewed attention to the broader Biden family’s finances.

Former President Joe Biden reportedly received a $10 million advance for a memoir scheduled for release in November, while former First Lady Jill Biden received a significant advance of her own for a memoir published in June.

Her book reached No. 1 on The New York Times bestseller list, although publishing advances are generally distributed over time and reduced by taxes, commissions, and other expenses.

Questions also remain about how much earning power the former president still commands.

Joe Biden, who has been diagnosed with Stage IV cancer, has reportedly struggled to secure the kind of lucrative speaking opportunities traditionally available to former presidents and has encountered difficulties raising money for his presidential library, according to the Washington Free Beacon.

Those circumstances have fueled speculation that the Biden family’s post-White House financial opportunities may be considerably more limited than once expected.

Hunter Biden’s current attorneys released deposition transcripts from both Biden and Lowell as part of their response to a discovery demand from Winston Taylor.

The law firm is seeking emails and encrypted text messages it believes could be relevant to its effort to recover the unpaid fees.

Biden has resisted that request, maintaining that he has already turned over all documents relevant to the case.

The dispute now presents an extraordinary spectacle: the president’s son, once associated with multimillion-dollar foreign business deals and high-priced artwork, insisting under oath that he does not own so much as a cellphone or automobile.

Whether the courts ultimately accept Biden’s account of his finances — and whether Winston Taylor can recover the millions it says it is owed — remains unresolved.

But the deposition adds another remarkable chapter to the long-running controversies surrounding Hunter Biden and raises a simple question that his critics are likely to keep asking:

After all the money that once flowed through Hunter Biden’s hands, where did it all go?