It Pays to be a Clinton!
Barron's is now reporting just how profitable it has been to be born to Hillary and Bill Clinton.
As most who keep up with the stock markets can tell you, in recent years IAC/InterActiveCorp stock has left the S&P 500 in their rear view mirror. This has in turn benefited its shareholders and board member greatly. And who is one of their main board members you might ask? Chelsea Clinton.
Here is more on this breaking story:
Shares of IAC, which owns investments in a number of internet brands, have rocketed in the past three years. IAC stock’s rise of 89%, 50%, and 36% in 2017, 2018, and 2019, respectively, far outstrip the S&P 500’s 19% rise, 6% drop, and 29% gain in those respective years.
Clinton, who has been an IAC director since 2011, receives an annual $50,000 retainer and $250,000 in restricted IAC stock units, or RSUs. As of Dec. 31, she owned the equivalent of 35,242 IAC shares, consisting of 29,843 shares and 5,399 share units under a deferred-compensation plan, according to a form she filed with the Securities and Exchange Commission. Share units convert to stock when an IAC director leaves the board.
The Clinton Foundation didn't respond to requests for a statement, what a big surprise!
So you see folks although this little elitist brat claims to not care about money, even after throwing a wedding which costs 5 million dollars, which I don't need to tell you is more money than most Americans will make in their entire lifetimes she seems to have a golden thumb when it comes to gathering it.
It truly must be a blessing to not have to care about money, even if you try. Maybe it's the fact that she has never had to go without that brought on this blessing? Then again, if I would have been hired by a major news organization right out of college with a salary of $600k a year no questions asked, I too would probably not care about money.