Steve Ricchetti, a former lobbyist picked to serve as a counselor for President-elect Joe Biden, reportedly has a strong history managing Biden’s business affairs.
According to the New York Times, Ricchetti served as Biden’s business manager in the past and helped to negotiate a seven-figure book deal for the former vice president. The deal included organizing a $100-a-head book tour that earned the Bidens $15.6 million in the last three years.
Ricchetti, 63, cited his goal was to help Biden ensure financial security “in the cleanest way possible, without doing anything he would ever have to apologize for.”
Ricchetti has been close to Biden since the Obama administration and joined his staff in 2012 when he was still serving as vice president. He began his career out of college in Washington, working for the health insurance industry, and eventually ran a lucrative lobbying firm that dealt with high-profile clients such as General Motors, AT&T, Eli Lilly, and