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| Home Front: Politix |
| Bill Clinton Charged $10M for Talks |
| 2007-06-15 |
| Hey, where are the WaPo culture of corruption stories? Former President Clinton made more than $10 million in paid speeches last year, according to new filings that show he and his presidential-candidate wife have at least $10 million in the bank, and may have closer to $50 million. According to financial disclosure forms made public Thursday, Bill and Hillary Rodham Clinton hold two accounts, each valued at somewhere between $5 and $25 million. One is an old-fashioned bank account; the other is a blind trust. The former president upped his speechmaking money from the previous year, garnering some $10.2 million in payments, compared with about $7.5 million the year before. The Clintons had a much more pedestrian income when he ran for president in 1992. If Sen. Clinton's 2008 presidential bid is successful, they will enter the White House a very rich couple. And owing a lot of favors Six years out of power, Bill Clinton can still raise huge sums with a personal appearance. He made a staggering $450,000 for a single September speech in London, at a Fortune Forum event, as well as $200,000 for an April appearance in the Bahamas to speak to IBM, and another $200,000 for a New York speech to General Motors. The former president's earnings must be reported as the spouse of a senator. Disclosure rules do not require him to reveal everything. He received an advance from Random House for an unpublished manuscript, but is only required to say that it was greater than $1,000. He also did not have to say how much he earns as a partner with Yucaipa Global Opportunities Fund, a Los Angeles-based investment firm. The senator's own book profits are declining, years after her "Living History" became a best-seller. She reported royalties of $350,000 for the book last year. Next book: Money For Nothing and the Chicks For Free |
| Posted by:ed |
| #1 "Honey, I'll play my saxophone, while you play my flute." |
| Posted by: William Jefferson C. 2007-06-15 13:26 |