How The Clintons Cashed In - How They Made $230 Million Since Leaving The White House

[snagglepuss]

Snip



[After leaving the White House]




The money flowed in fast. Bill delivered the first of hundreds of high-paying speeches on February 5, 2001, less than three weeks after he left the presidency, talking to Morgan Stanley in New York for $125,000. The firm got a bargain. Bill eventually raised his average rate to roughly $225,000 per speech, in some cases charging $500,000, according to disclosure documents Hillary filed as a senator and cabinet member. In 2005, Bill even charged $125,000 for giving a video conference from New York to a group called HSM Italia. All told, he raked in about $100 million from speaking from 2001 to 2014.

The former president also made a fortune writing books. In 2004, he published his memoir My Life, which became a No. 1 New York Times bestseller. From 2001-05, Clinton listed his speaking and writing as a joint business on his tax return, so it’s difficult to tell exactly how much he made from books versus speaking during that period. But the revenues for his speaking engagements are detailed in annual disclosure reports Hillary filed as a senator. Taking those revenues and figuring that his speaking business produced similar margins from 2001-05 to those it made in 2006 and 2007, Forbes estimated how much of his earnings came from each source during the five years in which they are listed as a combined business on the Clintons’ tax returns. According to our calculations, Bill Clinton made an estimated $29 million from writing from 2001-05 and banked another $9 million from 2006 to 2014. The Clintons did not respond to multiple requests for comment.


Bill made money in business as well, charging more than $15 million to serve as an advisor to investment firm Yucaipa, led by billionaire Ron Burkle, from 2003 to 2008. Clinton declared a loss of about $725,000 when he disposed of his Yucaipa partnership in 2008. The next year he began consulting for two other companies, Shangri-La Industries and Wasserman Investments. Over two years, Clinton collected $2.5 million from Shangri-La Industries and $3.1 million from Wasserman Investments.


In 2010, Clinton added his most lucrative consulting client, for-profit college company Laureate Education. Over five years, Laureate paid Clinton a total of $16 million.

The former president also consulted for another for-profit education company, GEMS Education, from 2011 to 2014, earning $6 million over that span.

In total, Bill made a sum of $27 million from consulting, in addition to the millions he got from from Yucaipa.




Read more at


http://www.forbes.com/sites/danalexander/2015/10/13/how-the-clintons-made-more-than-230-million-after-leaving-the-white-house/#45fe4a7e791e

[Vinca]

1. I can't fault them for making money. If someone was willing pay me that, I'd take it.

It does make me wonder if this is why Hillary doesn't seem to understand the need for single-payer or fully funded college. I imagine after you're rolling in millions for awhile you forget how the other half lives.

[cali]

6. How much is enough? Jimmy Carter,he ain't

[snagglepuss]

7. Hillary helped Swiss bank UBS avoid IRS the surprise, surprise UBS gave Bill $1.5 million to speak

http://www.democraticunderground.com/12511092781

[Nyan]

26. It's a definition of corruption.

The Clintons cashed in more than any other first couples because everybody knew Hillary was running for president.

[JRLeft]

2. Selling Americans out one day at a time.

[Lucinda]

3. So? I have no problem with them making money, and also funding the CGI and The Clinton Foundation

They are doing very good work worldwide.

[cali]

9. Here's my take. After the first 50 million or so, it looks like greed to me.

The endless pursuit of more. Clinton Inc.
.

[Juicy_Bellows]

10. Gomez and Fester know the book.

[leveymg]

5. People are going to look back on this like the Robber Baron era. Gilded age corruption

in America but without the broad progress. A time of I've got mine, Jack and rot from the top down.

[Tierra_y_Libertad]

8. It's the American Way of American politics. From "dead broke" to millionaires.

[apnu]

11. Doesn't bother me. The Clinton's weren't paupers before Bill Clinton's election.

They were doing fine before, better than most, even before Bill became Governor of Arkansas.

They're wealthy, like most politicians in America these days.

Having a discussion about the intersection of wealth and power which leads to corruption, that is far more important topic I think.

[mhatrw]

12. Like everybody in the top 0.01%, they deserve every penny! They totally earned it with

blood, sweat and power brokering among the other hyper elites.

[snagglepuss]

13. Odd how Hillary never speaks proudly of making it to the tippy top .01%

Actually she never speaks of it all.

[snagglepuss]

24. .

[Blue_Tires]

14. Now show us the money the Bushes have made after leaving office...

[cali]

15. Not even close.

[Attorney in Texas]

16. k+r

[snagglepuss]

25. I thought today would be a good day as any to kick this thread.

[Attorney in Texas]

28. agreed

[amborin]

17. She's of and for the millionaires and billionaires, not for the middle class nt

[hifiguy]

18. If you're gonna grift, go big.

The Clintons have one principle and only one - the enrichment of the Clintons by whatever means are available.

[snagglepuss]

21. I don't understand how anyone not in the top 5% justifies this corrupt sleeziness.

[hifiguy]

22. The Clintons make the Palin clan

look like the small-time chiselers they truly are. Like the Palins, they have the souls of cheap carnies but a lot more brains/education and better connections. Grifting $200 million is a genuine accomplishment. Of some kind. That's Bush-league corruption and influence-peddling.

[snagglepuss]

23. You'd think after all the money amassed she'd know how to answer a question

about the $675,000 windfall from Goldman Sachs.

[kath]

19. I wonder how much Jimmy Carter has made since leaving office...

[snagglepuss]

20. Great question.

[Nyan]

27. Here it is.

...Jimmy Carter, who also left the White House broke, has made millions off of the 14 books he has written. But as of 2012 his net worth was only $7 million, according to 24/7 Wall Street, and he has done nothing since that would have increased it dramatically enough to rival the value of Bill Cllinton's assets...

http://www.dailymail.co.uk/news/article-2656456/The-Clintons-RICHEST-living-ex-family.html#ixzz41NMujM74

[snagglepuss]

29. .