Andrew Kerr, DCNF
Hunter Biden continues to hold a 10% equity stake in a Chinese private equity firm 24 days into his father’s presidency, business records show.
Hunter Biden holds his stake in BHR Partners through his company, Skaneateles LLC, according to business records from China’s National Credit Information Publicity System.
President Joe Biden promised on multiple occasions during his presidential campaign that no one in his family would be engaged in foreign business if he won his election.
White House Press Secretary Jen Psaki confirmed last Friday that Hunter Biden still held a position in BHR and was in the process of divesting from the firm.
“He has been working to unwind his investment but I would certainly point you — he’s a private citizen — I would point you to him or his lawyers on the outside,” Psaki said.
However, Hunter Biden’s lawyer George Mesires has not responded to numerous inquiries from the Daily Caller News Foundation asking when he expects to be divested from BHR and whether he will receive any return on his $420,000 initial investment in the firm.
Both the Daily Mail and Fox News reported in late December that Hunter Biden was in the process of divesting from BHR. Both outlets cited an unnamed source with knowledge of his business dealings.
BHR is co-owned by the Chinese state-controlled Bank of China and manages the equivalent of $2.1 billion in assets, according to its website.
Mesires said in October 2019 that Hunter Biden had not received any return on his investment into BHR. However, emails located on a copy of Hunter Biden’s alleged laptop show that he was told on multiple occasions to expect to receive significant payments from BHR starting in 2019.
The White House did not return a request for comment.
For licensing opportunities of our original content, please contact [email protected].
DONATE TO BIZPAC REVIEW
Please help us! If you are fed up with letting radical big tech execs, phony fact-checkers, tyrannical liberals and a lying mainstream media have unprecedented power over your news please consider making a donation to BPR to help us fight them. Now is the time. Truth has never been more critical!
- The Florida candidate laser-focused on eradicating horrific animal crimes - March 22, 2024
- Sabo: ‘Rush was our GOAT, there was no equal and he made it look easy’ - February 18, 2024
- Dana Bash appears to want to crawl out of her own skin when Ramaswamy ‘goes there’ on J6 - December 7, 2023
Comment
We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the ∨ icon below and to the right of that comment. Thank you for partnering with us to maintain fruitful conversation.
BPR INSIDER COMMENTS
Scroll down for non-member comments or join our insider conversations by becoming a member. We'd love to have you!
