Chelsea Clinton has received around $9 million since 2011 for her work on the board of an internet investment firm.
Clinton, 39, is on the board of IAC/InterActiveCorp, a technology firm that has invested in several online ventures including, Tinder, Angie’s List, HomeAdvisor, and nearly 150 other companies. According to Barrons, Clinton’s role on the board led to a boon of almost $10 million for the former first daughter.
The corporation kept her on an annual retainer of $50,000 since 2011 in addition to $250,000 in restricted stock each year. In a year-end filing to Securities and Exchange Commission, Clinton reported having $8.95 million in stocks with IAC. Much of Clinton’s earnings can be credited to IAC’s performance in the market, as stock prices grew 89% in 2017, 50% in 2018, and 36% in 2019. IAC outperformed the market as a whole, which has broken several records since President Trump took office.
IAC is just one of the companies Clinton was sought out by. She also earned an annual salary of $600,000 working as a special correspondent for NBC News in 2013 and 2014 and earned an estimated $250,000 while sitting on the board of Expedia Group in 2017. IAC and Expedia Group were both controlled by television mogul Barry Diller, who was a donor to Hillary Clinton.
Beyond corporate boards, Clinton, a mother of three, also co-authored The Book of Gutsy Women with her mother. The book has remained on nonfiction bestsellers lists since its publication.
Children of politicians landing high-paying jobs have become commonplace. Hunter Biden’s $50,000-per-month position on the board of Ukrainian natural gas firm Burisma became national news after Trump asked Ukrainian President Volodymyr Zelensky to investigate possible corruption between the firm and his father Joe Biden, who was running diplomatic efforts in the region while vice president.
