Devon Archer, former Hunter Biden’s business partner, has made an impressive net worth from his business in the finance and energy sectors.
Devon Archer gained worldwide fame for being a business associate to Joe Biden’s son, Hunter Biden as his name was among other unfamilar people taking over the zeitgeist.
Devon testified against Hunter.
Republicans accused the president of lying, while Democrats said the testimony of Devon Archer, who worked with Hunter Biden, showed that his son was selling the illusion of access to his father, per NY Times.
Amidst subpoenas and complicated political drama regarding the POTUS’s son, many want to know more about Devon Archer, his businesses, connection with Hunter Biden and his net worth. Read on for more.
|Celebrated Name:||Devon Archer|
|Net Worth:||$10 million to $15 million|
|Salary:||$166,666 per month|
|Company:||Co-founder of Rosemont Seneca Partners|
|Date of Birth:||August 17, 1965 (48 years old)|
|Birthplace:||Brooklyn, New York.|
Who Is Devon Archer?
Devon Archer is a former Hunter Biden business partner who worked with him in Ukraine, China. Archer is an important figure in the controversies around Hunter Biden’s work.
Devon Archer was born on August 17, 1965, in Brooklyn, New York.
Archer came from a middle-class Long Island-based family.
Unlike his college pals and future business partners, Devon’s family was not wealthy, powerful, and wrapped up in American politics. In fact, Devon’s mom was an art teacher, and his dad is a Vietnam vet. Neither of their names has been released to the public.
Devon grew up in Glen Head, Nassau County, where he attended North Shore High School and became a lacrosse star.
His high school athletic career eventually led to his Yale lacrosse scholarship, meeting Chris and Hunter, and even a prison sentence.
Devon Archer is married to New York City-based podiatrist Krista Ammirati Archer. As a surgeon, Krista is renowned for her skill in achieving remarkable cosmetic outcomes while paying close attention to every last detail.
Few details regarding Devon Archer and his wife’s marriage or relationship have been revealed about their rather secretive personal life.
Archer is a parent of three kids. He has two sons and a daughter with his wife Krista, between the ages of 8 and 16, which means his parents are now also grandparents. The known names of his children are a son named Archer, and a daughter named Ava.
How did Devon Archer and Hunter Biden meet?
Like many early business stories, Devon met his business partner, Hunter, at Yale University. But that’s not the only friend he made. Devon also befriended his college roommate, Christopher Heinz (of the Heinz Ketchup dynasty), who happens to be John Kerry’s stepson. At the time, John Kerry and Joe Biden were both US Senators and subsequently pretty powerful.
Devon Archer, Hunter Biden, and Christopher Heinz were the three men that controlled Rosemont Seneca Partners, LLC and were also partners in the business.
As a result of his involvement in a swindle involving more than $60,000,000, Archer received a jail sentence.
The judges who heard the case against Archer sentenced him to more than a year in prison for his role in a plot to swindle a Native American tribe via a fictitious bond scam.
Meanwhile, according to 2018 text exchanges examined by Fox News Digital, Hunter Biden assured his longtime buddy and business partner Devon Archer that they would have the “last laugh” when Archer claimed a court overturned his conviction.
Hunter Biden received a text message from Archer in November 2018 informing him that the “judge threw out my conviction today.”
Archer testified against Hunter Biden on Monday, August 1, 2023.
What is Devon Archer’s net worth?
For his long years as a businessman, Devon Archer has accumulated an estimated net worth between $10 million and $15 million. He accrued hs fortune from his work as a businessman, self-proclaimed fraudster, and media figure.
Through his business, Rosemont Seneca Partners, which he co-founded with Hunter Biden, ABC News has reported that Hunter Biden and Archer, who also secured a seat for himself, raked in $166,666 payments each month for their work with the firm.
His net worth is impressive because he doesn’t come from a wealthy home unlike Hunter and his other business friends. As a result of his money, he can live a luxury lifestyle.
How did Devon Archer make his money?
Devon has worked in the real estate and investment industries, mostly building commercial and residential properties. His real estate investments have contributed significantly to his net worth throughout the years.
Archer’s investment portfolio contains a wide range of assets, including stocks, bonds, real estate, and numerous business enterprises.
Since 2009, Devon Archer has worked with Rosemont Seneca Partners, an investment advising business he co-founded with Chris Heinz, the stepson of former Secretary of State John Kerry, and Hunter Biden, President Joe Biden’s son, is also one of his professional accomplishments.
Rosemont Seneca Partners is an advisory firm that provided “alternative investment opportunities and market guidance that seek to afford an absolute return through our global economic reach and expertise,” according to the group’s archived website.
The business specializes in private equity and consultancy services for domestic and international customers. Rosemont Seneca Partners, which has been involved in several high-profile mergers, collaborations, and partnerships, has played a vital influence in increasing Archer’s net worth.
In Ukraine, it was Archer who initially “raised my name for a possible board seat” at Burisma, a Ukrainian oil and gas conglomerate, Hunter Biden wrote in his memoir.
Archer also brokered deals for Rosemont Seneca in China, including its relationship with Jonathan Li — a Chinese businessman whom Hunter Biden introduced to his father, then-Vice President Joe Biden, during a trip to Beijing in 2013, Hunter Biden wrote in his memoir.
Archer also co-founded Eudora Global, a venture capital business specializing in renewable energy, technology, and real estate. Eudora Global has made investments in a variety of industries, which has contributed to Archer’s overall success in business and finance.