It turns out that Hunter Biden isn’t the only one who is rolling in the dough thanks to his parents’ political career. Chelsea Clinton, the daughter of former President Bill Clinton and former Secretary of State Hillary Clinton, has made $9 million since 2011 for sitting on the board of IAC/InterActiveCorp, a media and internet investment company, The Hill reported. The company has stock in 150 well-known brands, like Tinder, Match, Vimeo, Angie’s List, Home Advisor and the Daily Beast.
According to Barron’s, Clinton has sat on the board of IAC since 2011. Part of her agreement is to receive “an annual $50,000 retainer and $250,000 in restricted IAC stock units.”
A December filing with the Securities and Exchange Commission revealed Clinton “owned the equivalent of 35,242 IAC shares, consisting of 29,843 shares and 5,399 share units under a deferred-compensation plan,” which is worth almost $9 million dollars. Once a board member quits, their share units convert to stocks, Barron’s reported.
Clinton’s stock has skyrocketed. In June it was worth 7.2 million and in October 2018 that same stock was worth 6.6 million.
In addition to sitting on IAC’s board, Clinton sits on the board of Expedia Group. That position typically pays $250,000, at least as of 2015.
And in 2013 and part of 2014, Clinton worked as a special correspondent for NBC News. The position carried an annual salary of $600,000
According to The Hill, IAC and Expedia Group are controlled by Barry Diller. And guess what? He’s a powerful TV and businessman who is friends with Hillary Clinton.
Nepotism is alive and well in the Swamp. This is yet another example of why average Americans hate politics and the favoritism that takes place amongst the rich and powerful.
Author: Beth Baumann