Devon Archer is a billionaire businessman based in the United States and the Co-founder of Rosemont Seneca Partners. Archer is known for his involvement in various business ventures and his connections in the political and financial worlds. He is well recognized as a former business associate of Hunter Biden, the second son of the United States president (Joe Biden)
He was born on the 17th of August 1965 and he is 58 years old as of the time of writing this article.
Devon recently became a topic among netizens and an important news highlight due to legal issues linked to his name and the resultant punishment that came with it in the Long run. As information about Archer’s conviction has surfaced, his biography and financial situation have garnered more attention. As a financier and business partner, it can be assumed that Archer’s net worth is substantial, but precise figures are not readily available.
When Archer was sentenced to a year and a day in prison for his participation in a fraudulent scheme, public interest in his financial situation increased dramatically. In addition to the sentence, Archer was ordered to forfeit $15,700,513 and pay $43,427,436 in restitution to the victims of the fraud. These hefty fines aroused questions about Archer’s overall financial standing.
Devon Archer was born and raised by his biological parents in Los Angeles, a sprawling Southern California city, USA. He grew up in a family that valued education and had a background in business. Archer’s early life and upbringing laid the foundation for his later pursuits in the business and financial sectors. He spent part of most of his life journey in the US and still resides there to date regardless of his business travels to other parts of the world.
Devon Archer had his primary and high school education in Los Angeles, his place of birth. After his graduation from high school, he attended Yale University, where he earned his bachelor’s degree. He later went on to receive a law degree from Columbia Law School, a law school of Columbia University, a private Ivy League university in New York City.
Devon Archer’s career has spanned various industries, including finance, politics, and business. Here’s a brief overview of his career highlights:
1. **Investment and Finance:** Archer co-founded Rosemont Capital, an investment firm, with Christopher Heinz in 2009. The firm focused on a range of sectors, including renewable energy, healthcare, and technology. Archer’s financial background and expertise contributed to the growth and management of the firm’s investments.
2. **Political Involvement:** Archer has been involved in Democratic politics and has worked on various political campaigns. He served as a bundler for John Kerry’s 2004 presidential campaign, helping to raise funds for the campaign. Archer’s connections within the political sphere allowed him to navigate the intersection of politics and business.
3. **Business Ventures:** Archer gained attention for his business associations, particularly his involvement with Burisma Holdings, a Ukrainian energy company. Archer and Hunter Biden, son of then-Vice President Joe Biden, were both appointed to the board of Burisma.
One of the notable aspects of Devon Archer’s career is his connection to the investment firm Rosemont Seneca Partners. This firm was co-founded by Archer along with Christopher Heinz, the stepson of former U.S. Secretary of State John Kerry, and Hunter Biden, the son of then-Vice President Joe Biden. The company’s activities came under scrutiny due to its connections to political figures and its involvement in international business deals.
Archer’s business activities also extended to the energy sector. He was involved in ventures related to natural resources and energy projects, often with international partners. However, some of these ventures faced legal challenges and controversies.
Archer’s name gained significant attention due to his association with Burisma Holdings, a Ukrainian natural gas company. He joined the board of directors of Burisma in 2014, which drew attention due to the involvement of Hunter Biden. The association became a subject of political debate and controversy, particularly during the impeachment proceedings against President Donald Trump.
In 2018, Archer was convicted on charges related to a fraudulent bond scheme involving a Native American tribal entity. However, his conviction was later overturned by a federal judge who ruled that the evidence presented during the trial did not support the charges. Nevertheless, the legal issues still linger as Archer was sentenced in 2022 to a year and a day in prison, but his punishment has been repeatedly delayed as he sought to appeal the conviction. The Justice Department over the weekend asked a New York judge to schedule a date for him to report to prison, and some Republicans claimed the move was an effort to interfere in his testimony, an assumption Archer’s legal team dismissed as “speculation.”
According to Forbes, Archer’s testimony before the GOP-led House Oversight Committee was closely watched due to a New York Post report that claimed he would tell the committee he witnessed the president speaking with his son’s foreign business partners more than two dozen times. Republican officials have spent months investigating Hunter Biden’s foreign business dealings, but have not offered hard evidence that his father financially benefited from any deals. Archer told the panel he did witness phone conversations between Hunter Biden and the president in the presence of Hunter Biden’s business partners approximately 20 times over a 10-year period, but he only saw them engage in casual conversation rather than business talk, according to lawmakers who attended the closed-door testimony. “Hunter spoke to his father every day,” Rep. Dan Goldman (D-N.Y.) told reporters. “It was all casual conversation, niceties, the weather, what’s going on.” According to Rep. James Comer (R-Ky.), one conversation took place in the presence of Chinese businessman Jonathan Li—who reportedly shook hands with then-Vice President Joe Biden during a trip to China that Hunter accompanied his father on—and another occurred when Hunter Biden was dining with executives of a French energy company in Paris. Archer also reportedly told the committee he had no knowledge of a $10 million bribe an FBI source claims Biden and his son took from a Burisma executive (the claim has not been verified by the FBI).
Devon Archer’s net worth is estimated to be around $10 million to $15 million which he made throughout his career as an all-round businessman.
Full name: Devon Archer
Date of birth: 17th of August 1965
Place of birth: united states
Country of origin: united states
Race: white American
Hair color: Brown
Skin color; light skinned
Eye color: black
Education: Yale University & Columbia Law School.
Marital status: Married
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