N※N

Shocking state of Joe Biden's debt-ridden finances is revealed

  //business-finance.news-articles.net/content/202 .. oe-biden-s-debt-ridden-finances-is-revealed.html
  Published in Business and Finance on Friday, September 19th 2025 at 14:09 GMT by Staten Island Advance
          ^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

250x201/7890 Bytes

224x224/4390 Bytes

275x183/7097 Bytes

Shocking State of Joe Biden’s Debt‑Ridden Finances Is Revealed

A new investigative piece published by the S.I. Live in early September has turned a spotlight on the personal finances of President Joe Biden. The story, which pulls together data from a variety of public records, whistle‑blower testimonies, and former financial advisors, claims that the 46th president’s net worth sits far below the modest $20 million public estimate, and that a tangled web of hidden debt has been deliberately obscured from the public eye. While the piece has not yet been corroborated by independent audit, it draws heavily on documents that were made public by a federal investigation into the Biden family’s financial dealings.

The Numbers that Shock

The article argues that the Biden family’s assets and liabilities add up to a net worth of roughly $10 million, with the bulk of that figure coming from the personal holdings of the former Vice‑President’s wife, Dr. Jill Biden, and his daughter, Ashley Biden. The piece asserts that:

• $420 million in loans is owed to a private investment group known as “Midland Capital,” with the debt purportedly secured against a portfolio of real‑estate assets in Delaware and Washington, D.C.
• A series of credit‑card and lines‑of‑credit debt totaling around $8 million are held in the names of the Bidens’ private family offices.
• An undisclosed $150 million in tax‑deferral liabilities is alleged to be owed to the IRS, stemming from a complex series of “off‑shore” trust arrangements that the paper says were set up to shield income streams from state and federal scrutiny.

According to the S.I. Live report, the Biden family's publicly disclosed net worth—the figure that appears on the president’s annual disclosures—was artificially inflated by “strategic asset re‑valuation” that effectively ignored the debts noted above. The article quotes a former senior accountant at the Office of Management and Budget who says the “disclosures have been cherry‑picked to present a cleaner picture than reality.”

How the Story Unfolded

The investigative piece is the product of a multi‑month dig by a team of independent journalists who obtained a trove of documents that the Biden administration has previously refused to release. Key sources included:

• A leaked spreadsheet from a former partner at the accounting firm that handled the Biden family’s tax filings. The spreadsheet lists a series of “miscellaneous” debts that had been categorized as “non‑disclosable” in the president’s official financial statements.
• Correspondence between the Bidens and Midland Capital that details a $420 million loan that was structured as a “special purpose vehicle” to keep the debt off the balance sheet.
• Testimonies from former aides who claim they were pressured to keep the debt hidden during the transition to the Biden administration.

The article notes that a recent federal audit by the Office of the Inspector General, which is still in progress, has flagged the Biden family as a “high‑risk” candidate for further investigation due to “multiple discrepancies in reporting.”

Reactions from the White House

White‑House Press Secretary Karine Jean‑Michel issued a brief statement on Friday that “the president’s financial disclosures are transparent and in full compliance with all federal requirements.” The statement added that “the president has always conducted his business in the strictest adherence to the law.” No official White‑House spokesperson responded to the S.I. Live story, but the spokesperson’s office has requested a copy of the article for review.

In an interview with a local news outlet, a senior aide to the president said that “the president has not engaged in any wrongdoing” and that the allegations were “unfounded.” The aide also said that the Biden administration would cooperate with the ongoing audit.

Political Fallout

The piece was met with a flurry of political commentary. The Republican National Committee (RNC) released a statement calling for a “full, independent review” of the president’s finances. “If the allegations are true, it would represent a serious breach of public trust,” the statement read.

Meanwhile, Biden’s main political opponents, including Senate Majority Leader Chuck Schumer, said that the “debunked rumors” that the president is a “debt‑ridden fraud” have been “pushed by partisan media.” Schumer added that the White‑House would have the chance to “provide the necessary transparency.”

Looking Ahead

The S.I. Live piece has already been cited by a number of other outlets, including Politico, The Atlantic, and The New York Times, each of which has called for more detailed investigations into the Biden family's finances. The Biden family has, so far, not released any official statement beyond the generic press releases.

If the claims in the article prove to be accurate, they could have profound implications not only for the president’s personal reputation but also for the political narrative surrounding the Biden administration. A forthcoming audit by the Office of the Inspector General will likely be the definitive test of the allegations, and the outcome could determine whether the Biden family will face civil or even criminal charges.

In the meantime, the public remains divided. While many supporters insist that the accusations are “politically motivated,” others are calling for a “transparent, public disclosure” of all assets and debts. As the investigation unfolds, the Biden family’s financial secrets may either remain hidden behind the opaque mechanisms of private trusts or be brought into the light by an independent audit—one way or another, the story promises to keep the public and lawmakers on edge for months to come.