Hunter Biden isn’t the only former political kid cashing in on millions thanks to their parents, Chelsea Clinton is raking it in; Chelsea has friends in some very high places.
Clinton has reaped $9 million in earnings since 2011 for serving on a board of an internet investment company according to Barron’s financial publication. The report was released on Sunday that Chelsea has made big bucks serving on the board of IAC/InterActiveCorp, a media investment company that has ownership rights to 150 well-known brands like Vimeo, Angie’s List, and Home Advisor.
The only child of former President Bill Clinton and former Secretary of State Hillary Clinton has served on the board since 2011 and receives an annual retainer of $50,000, $250,000 worth of stock units.
She reported that she owns $8.95 million worth of IAC stock according to her Securities and Exchange Commission report. In the last three years IAC’s stock has risen 89% in 2017, 50% in 2018, and 36% in 2019 but, that isn’t the income Chelsea is hauling home.
Chelsea Clinton also earned an annual salary of $600,000 working as a correspondent for NBC News from 2013 to 2014. Beginning in March 2017 Clinton has served on the board of Expedia GroupGroup earning at least $250,000 a year.
Both the IAC and Expedia are operated by Barry Miller, who is a business kingpin, and a very close friend of Hillary Clinton.
It must be nice, to not have a really work for your paycheck like the rest of us. Chelsea Clinton has an undergraduate from Stanford, Master’s degrees in Public Health, and a doctorate in Philosophy of international relations. I’m not sure what any of those things have to do with websites and Clinton has done nothing in her adult life of mention except have the last name, Clinton.