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He was also U.S. Ambassador to the United Nations and Energy Secretary in the Clinton administration, a U.S. Congressman, chairman of the 2004 Democratic National Convention, and chairman of the Democratic Governors Association. In 2015, unsealed court documents showed Richardson's possible involvement with the Jeffrey Epstein child trafficking ring.

In December 2008, he was nominated for the cabinet-level position of Secretary of Commerce in the first Obama administration, but withdrew a month later as he was investigated for possible improper business dealings in New Mexico. Although the investigation was later dropped, it was seen to have damaged Richardson's career, as his second and final term as New Mexico governor concluded.

Richardson occasionally troubleshoots diplomatic issues with North Korea.