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Biden spreads money across 23 bank accounts containing small amounts

By Jimmy Adeel
|
May 17, 2023

The White House released financial disclosure forms for President Joe Biden and Vice President Kamala Harris for 2022. This follows accusations from the Republican party alleging that Biden's family has been benefiting financially from foreign sources. The forms reveal their financial standings, including cash assets and other earnings.

According to the disclosed documents, President Biden and first lady Jill Biden have a combined bank value ranging from $1.05 million to $2.58 million. These figures indicate slight variance from the previous year's disclosure, the Daily Mail reported.

Biden has 23 bank accounts, with two containing between $250,000 to $1 million, according to the financial disclosures.

The records, obtained by Fox News Digital, also detail earnings from Biden's memoirs. His 2007 memoir "Promises to Keep" earned less than $201, while his 2017 memoir "Promise Me, Dad," written after his tenure in the Obama administration, generated between $2,501 and $5,000.

VP Harris Financial Standing

In contrast to the president's financial standing, the disclosure forms show Harris and her husband, Doug Emhoff, as wealthier. The couple's worth ranges between $3.42 million and $8.29 million. The disclosures also indicate a mortgage on their home in Brooklyn, New York, amounting to between $1 million and $5 million.

Moreover, the documents showcase significant earnings from Harris' memoirs. She earned over $41,000 from her 2019 memoir, "The Truths We Hold," and an advance of more than $40,000 for her children's book "Superheroes Are Everywhere," grossing a total of $456,000.

Foreign Earnings Allegations

The financial disclosures come amid ongoing allegations from conservative factions that the Biden family has profited from foreign payments.

Republican Rep. James Comer (KY-01), alleges that Biden's relatives have garnered $10 million from international entities, the Time reported.

Despite these accusations, the oversight committee's chairman has yet to find evidence directly linking President Biden to such payments or any illegal activity. The White House has dismissed these accusations as “baseless innuendo.”

Republican-Backed Report

The Republican report lists various companies and financial records associated with Biden's family members, including his son, Hunter Biden, and daughter-in-law, Hallie Biden. Hunter Biden, 53, is involved in multiple legal issues, including a paternity case and a federal investigation into his business affairs.

The 30-page document features bank records obtained through a subpoena. Republican lawmakers argue that these records demonstrate the Biden family's connections to China and Romania.

The transactions allegedly reveal payments from a foreign firm linked to Gabriel Popoviciu, a Romanian real estate mogul previously accused of corruption.

Ongoing Investigations

Republicans pledged to scrutinize Biden, his administration, and his family upon gaining control of the U.S. House of Representatives following last year's midterm elections. Another investigation led by a conservative House panel is examining a letter issued by 51 former intelligence officials before the 2020 election.

The letter, allegedly coordinated by Biden's campaign adviser and current Secretary of State Antony Blinken, aimed to discredit media reports about Hunter Biden's laptop.

Leaked emails from the laptop seemingly contained evidence of Hunter Biden's business deals and explicit photos of his drug abuse and personal life.

Probing Hunter Biden's Affairs

Hunter Biden has been under investigation by federal prosecutors since 2018 over issues related to his tax filings and a gun purchase. In addition, the leaked emails from his laptop continue to be controversial, with the device reportedly containing details of his international business dealings and personal affairs.

The Republican-backed report claims to include bank transactions that allegedly link the Biden family to China and Romania, including money receipts from Popoviciu's foreign company. Popoviciu, a real estate tycoon, has faced corruption charges in Romania.