Report: Hunter Biden still owns stake in Chinese equity firm
UPDATED 4:50 PM PT – Friday, January 29, 2021
Hunter Biden is reportedly still profiting off of his father’s name. In a Tweet Friday, Sen. Ron Johnson (R-Wis.) said, “looks like Biden Inc. is still in business.”
Looks like Biden Inc. is still in business.
— Senator Ron Johnson (@SenRonJohnson) January 29, 2021
“The President’s son reportedly still has a 10 percent stake in a Chinese private equity firm,” Johnson added. “Despite Biden promising this wouldn’t happen.”
Can you imagine the outrage if this was the Trump family?https://t.co/s3SxjwmKvw
— Rep. Jim Jordan (@Jim_Jordan) January 29, 2021
Johnson was responding to reports that showed Chinese business records still had Hunter on the books through his private LLC. However, financial reports in December suggested Hunter was unloading his stake in those businesses.
Additionally, Joe Biden repeatedly promised during his 2020 campaign that no one in his family would continue to make foreign business deals if he was elected to office.