Former President Biden and his family are reportedly facing severe financial troubles as their alleged influence-peddling schemes have collapsed following their departure from the White House.
Key Takeaways
- The Biden family is reportedly experiencing financial difficulties now that they no longer hold political power
- According to critics, the family’s financial issues stem from the collapse of their alleged influence-peddling operations
- Joe Biden’s potential income from speeches, board positions, and book deals is reportedly not as lucrative as anticipated
- Multiple sources claim Joe Biden was directly involved in family business dealings during his vice presidency
- House Oversight Committee has documented evidence allegedly linking Joe Biden to family influence schemes
Biden Family Finances in Freefall
Sources close to the Biden family have revealed that the former first family is experiencing significant financial difficulties since losing access to the power and influence of the presidency. According to reporting from PJ Media, the once-thriving “Biden Inc.” operation has effectively collapsed, leaving the family scrambling to secure new revenue streams. The situation has reportedly become so dire that Biden has hired a former Pentagon spokesperson to manage what some are calling a “comeback” attempt.
“There’s a story in Politico today that says they’ve hired the former Pentagon spokesperson to manage the Biden comeback,” said political analyst Mark Halperin. “I talked to someone very familiar with the Bidens, and I think they’ve pointed out something that I’m gonna say now, that to me, is the explanation, or at least part of the explanation, which is Biden Inc. has collapsed.”
Former White House Press Secretary Sean Spicer was more blunt in his assessment, simply stating, “The grift is over.” This sentiment reflects a growing perception among conservatives that the Biden family’s financial stability was heavily dependent on their political influence rather than legitimate business ventures or personal wealth accumulation. With President Trump now in office, that influence has reportedly evaporated.
Sources Say the Biden Crime Family Is Going Brokehttps://t.co/geDMf8jwOe
— PJ Media (@PJMedia_com) May 8, 2025
Alleged Influence-Peddling Operation
The House Oversight Committee has extensively documented what they describe as evidence of Joe Biden’s involvement in his family’s business dealings. According to their investigation, Devon Archer, a former Biden business associate, described Joe Biden as “The Brand” that was leveraged to attract foreign business partners. The committee claims Biden spoke with Hunter’s foreign business associates over 20 times via speakerphone during his vice presidency.
In 2014, Biden reportedly dined with Russian and Kazakh oligarchs connected to his son’s business interests. The investigation also uncovered evidence suggesting Biden used the pseudonym “Robert L. Peters” in communications involving Hunter and Ukrainian energy company Burisma. Perhaps most notably, emails from 2017 allegedly indicated Joe Biden would receive 10% of profits from a deal with a Chinese energy company.
Financial Future Uncertain
Unlike former presidents who typically earn substantial income from speaking engagements, book deals, and board positions after leaving office, Biden’s opportunities appear limited. Sources suggest his advanced age, declining popularity, and ongoing scrutiny of family business dealings have severely restricted his earning potential. The presidential library that typically serves as a legacy-building institution for former presidents may also face funding challenges.
The House Oversight Committee’s investigation has added to these challenges by uncovering texts in which Hunter Biden claimed Joe Biden took half of his salary. They also documented instances where Hunter Biden allegedly demanded money from Chinese associates while implying his father’s involvement. The committee further alleges that Hunter’s business associates visited the White House over 80 times during Biden’s vice presidency.
These allegations, combined with an FBI form that reportedly describes an extortion scheme involving Biden for $5 million, have created significant headwinds for the former president’s financial prospects. With traditional post-presidency income streams potentially compromised and the family’s alleged influence-peddling operation no longer viable, the Bidens face an uncertain financial future according to conservative analysts tracking the situation.
Sources:
- Biden Committed ‘Impeachable Conduct’ to Further Family Influence-Peddling Scheme, House Republicans Allege in Final Report | National Review
- Sources Say the Biden Crime Family Is Going Broke – PJ Media
- Evidence of Joe Biden’s Involvement in His Family’s Influence Peddling Schemes – United States House Committee on Oversight and Accountability
