What a great family business Bill and Hillary Clinton are running.
The business model is simple, they get paid six figures in “speaking fees”, in exchange for special favors that only a former US President and current Presidential hopeful can dole out.
While the US obssesses over the taxable Adjusted Gross Income of real-estate billionaire Donald Trump (and has to be content with his just released 104 personal financial statement posted here), another just as (if not more) important number was revealed in a financial disclosure form filed on Tuesday night by Hillary Clinton’s campaign. Accordingly, Bill and Hillary Clinton have earned $6.7 million from paid speeches, aka a legal way to purchase influence, since the beginning of 2015, including $2.7 million from speeches the former president gave after his wife officially kicked off her White House bid last April.
As MarketWatch adds, Bill Clinton was paid $285,000 to speak to America’s Health Insurance Plans, the trade association for health insurers, in June 2015. He was paid $200,000 to speak at Stephens Inc., an Arkansas financial-services firm run by Warren Stephens, a major Republican donor. And in September 2015, he was paid $225,000 to speak to Computer Design & Integration LLC, a New Jersey information technology firm.
Hillary Clinton stopped giving paid speeches when she started her 2016 campaign, and Bill Clinton hasn’t given any since a November 2015 event in Toronto, according to the form. He has said he didn’t think he would continue to give paid speeches if his wife became president; instead he made it clear he wants to have an “economic role” under president Hillary.
In addition to the speech income, Hillary Clinton received more than $5 million in book royalties since the beginning of 2015, and Bill Clinton was paid by the Varkey GEMS Foundation, an education charity, and Laureate Education Inc., a for-profit company. Bill Clinton isn’t required to reveal his exact earnings from that consulting work. The couple hasn’t yet released their 2015 tax returns, though they have released decades of past returns.
The 2015 disclosure is in addition to previously released speech details which we had broken out previously. From 2013 until 2015 Bill Clinton has been paid $26.6 million for 94 speeches; Hillary’s grand total is slightly less: $21.7 million for 92 private appearances.
So while neo-liberal America and hipster progressives foam at the mouth to try and nail Trump on his tax returns disclosure, Hillary and hubby Bill are making bank with their “buy political influence” storefront. Western main stream media will never call this corruption, because the US system has made this type of pay off perfectly legal.
Here is the full breakdown of every publicly disclosed speaking event from Hillary Clinton, together with the fee for the 2013-2015 period.
And here is the full breakdown of every publicly disclosed speaking event from Bill Clinton, together with the fee for the 2013-2015 period.