Fact-Checking Joe Biden's Business Interests: No Ties to Foreign Governments

Throughout his political career, President Joe Biden has maintained that he has no businesses tied to foreign governments. In this article, we will delve into the facts supporting this claim and debunk common misconceptions.

President Biden's Business Background

President Biden does not have any businesses, either domestically or internationally. His primary source of wealth has been derived from book deals, speaking engagements, and the sale of his personal residence. Contrary to some assertions, there is no evidence that he has profited from any foreign deals or businesses.

Ownership of Property and Financial Sources

During his time as a U.S. Senator and Vice President, President Biden did own a home that he purchased in the mid-1970s for $185,000. He renovated and lived in this home for two decades before selling it in 1996 for $1.2 million. After renovations and improvements, the appraised value of this home is now around $1.7 million. This indicates that he derived financial gain from the property rather than from any foreign business connections.

Public Finances and Speeches

The bulk of President Biden's wealth has come from his speeches and book deals. His memoir, "Promise Me, Dad," earned him over $10 million, while his wife Jill's book, "Where the Light Enters," has earned over $4 million. These earnings demonstrate that he has been a successful public speaker and writer, not in any way connected to foreign governments.

Investigations and Allegations

Republicans in Congress and some politicians have accused President Biden of having businesses tied to foreign governments. However, to date, there is no evidence to support these claims. The same can be said for alleged corruption involving his son, Hunter Biden, and his brother, James Biden.

Investigative journalists have thoroughly examined President Biden's tax records and have found no discrepancies that indicate foreign government involvement. His brothers and son have occasionally mentioned his name and positions to investors as a factor for investment, but there is little evidence that he personally participated in or profited from any foreign business deals.

Recent Developments and Misconceptions

Senator Chuck Grassley, who is known for his conservative stance, recently joined in the allegations against President Biden. However, he recently admitted that there is no evidence of any foreign bribery scheme involving the President. This admission undermines the credibility of these baseless accusations.

The Republican Party has been increasingly relying on propaganda and baseless attacks rather than factual evidence. Despite this, their followers continue to baselessly accuse President Biden to achieve political gains. It is important to continue to fact-check and disprove such claims to maintain a truthful discourse in the public sphere.

It remains crucial for all citizens to verify information and rely on credible sources to form accurate opinions about public figures and their business interests.