After graduating from law school, Biden took a position at
MBNA America, a major
bank holding company which was also a major contributor to his father's political campaigns. By 1998, he had risen to the rank of executive vice president.
[2] From 1998 to 2001, he served in the
United States Department of Commerce, focusing on
ecommerce policy.
[14] Biden became a lobbyist in 2001, co-founding the firm of Oldaker, Biden & Belair.
[15] According to Adam Entous of
The New Yorker, Biden and his father established a relationship in which "Biden wouldn't ask Hunter about his lobbying clients, and Hunter wouldn't tell his father about them."
[2] In 2006, Biden and his uncle, James Biden, attempted to buy Paradigm, a hedge-fund group, but the deal fell apart before completion.
[2] That same year, Biden was appointed by President
George W. Bush to the board of directors of
Amtrak; he served on the board of Amtrak from 2006 to 2009.
[14]
Later career, 2009–present
After his father was elected as vice president in 2008, Biden resigned from his position on the Amtrak board of directors and left his career as a lobbyist.
[2] Along with Christopher Heinz, son of
Teresa Heinz and stepson of
John Kerry, and Devon Archer, Biden founded the investment firm Rosemont Seneca Partners.
[15][16]
He also became an attorney with the law firm
Boies Schiller Flexner LLP,
[2] and founded Eudora Global, a venture capital firm.
[13]
U.S. Navy Reserve
In May 2013, Biden was selected as a
direct commission officer in the
U.S. Navy Reserve, receiving an age-related waiver and a second waiver due to a past drug-related incident.
[17] Joe Biden administered the commissioning oath to Hunter Biden in a
White House ceremony.
[2]
The following month, Biden tested positive for
cocaine during a urinalysis test and was subsequently discharged.
[18] According to Biden, he had unwittingly consumed the cocaine after being given cigarettes he believed were surreptitiously laced with the drug.
[2