Continuing from ABC article:
Bill Clinton's biggest patrons include New York-based investment firm Goldman Sachs, which paid him $650,000 for four speeches in recent years, and two foreign firms. Gold Services International, a Colombian-based event organizer, brought Clinton to Latin America in 2005 for four days of speeches, earning Clinton $800,000. Another company, Toronto-based Power Within, paid Clinton $650,000 for a series of motivational speeches in Canada in 2005.
For context, Hillary Clinton reported in 2002 that Bill made $9.2 million from speaking arrangements.
Former President Bill Clinton received $9.2 million in his first year out of office for giving 59 speeches to investment banks, Jewish and Israeli groups, public relations companies, advertising agencies and other organizations, according to a financial disclosure form filed today by his wife, Senator Hillary Rodham Clinton of New York. NYT
If we go by that figure as an average, Bill should've made around $64 million since leaving office - just in speeches (not counting books, investments, etc).
More from the article:
[...] For example, an examination of the records reveals her husband is a partner in an investment fund, Yucaipa Global Partnership, registered in the Cayman Islands, and was paid "guaranteed payments to partner." Sen. Clinton's forms do not list the exact amount of her husband's payments, only that they totaled more than $1,000 over four years.
"No average person has interest and funds in the Cayman Islands. This is all the above-average, non-tax-paying, super rich," said Jack Blum, an attorney and leading expert on offshore tax havens.
Campaign disputes that last line:
Jay Carson, a spokesperson for Sen. Clinton's presidential campaign, said the Yucaipa global fund was organized in the Cayman Islands to attract foreign investors. "Each investor or partner in the fund pays the taxes they owe in their home country. For U.S. citizens like Bill Clinton, that means he pays U.S. taxes on his income from this fund, which he does," said Carson.
According to the Wall Street Journal, the former president stands to receive a payout of around $20 million for his role as an adviser to billionaire Ron Burkle's investment funds.
Sen. Clinton's presidential campaign disputes that figure. "Contrary to published reports, neither the level of his compensation for his advisory role, nor the value of his partnership share in the Yucaipa Global Fund upon his exit, has been determined," Carson said.
Bill Clinton has also faced scrutiny for his business dealings with friend and fundraiser Vinod Gupta, who has reportedly paid him undisclosed consulting fees and provided him use of his corporate jet.
Shareholders in Gupta's data collection company filed a lawsuit in 2007 accusing Gupta of using the company's resources to ingratiate himself with Clinton and other personal friends.
A court later dismissed the lawsuit. Gupta has said it was a legitimate business expense to hire Clinton. Contacted by phone Wednesday, a lawyer for Gupta declined to disclose the amount his client had paid Clinton.
Not much about Hillary Clinton's actual income, though she's been a public servant since her White House years, so that's understandable. Read the complete article here.
ABC also included a 2006 .pdf of one of Mrs. Clinton's disclosure forms. It can be accessed here.
For comparison, Barack Obama's net worth is around $1.3 million. That's at least forty-nine million less than the figure reported here...
And we'll just wait patiently on those tax returns, yes?
Comments are closed on this story.