Bill and Hillary Clinton They’re Not Poor You Are

Thanks to legislation that ensures that key public figures in Washington declare their financial assets and the Open Secrets website that ensures that these declarations remain in the public eye, we have a good idea of what former President Clinton and his wife Hillary, the former Secretary of State were worth in 2012.

 

While Ms. Clinton maintains publicly that they were worth nothing when they entered the White House in 1992 and worth little more when they left the White House in 2000, the same cannot be said for 2012.  At that time, they had the following assets:

 

1.) My Life book worth between $50,001 and $100,000

2.) Back to Work worth between $100,001 and $1,000,000

3.) JP Morgan Custody Account (cash) worth between $5,000,0001 and $25,000,000

4.) Three life insurance policies with a total value of between $130,003 and $350,000

 

According to the mainstream media, President Clinton received a $15 million advance for his autobiography, My Life.  On top of this, it appears that Hillary Clinton received a $14 million advance from Simon & Schuster for her recently released book, Hard Choices.

 

Here is a screen capture showing the value of their assets:

 

 

The Clintons also disposed of their holdings in three Dreyfus bond funds that were inherited, worth between $15,001 and $50,000 each.  As well, they have United States Treasury notes worth between $50,001 and $100,000 as shown here: 

 

 

Now, let's look at their income stream.  The Clinton's most significant income came from President Clinton's honorariums for speaking at the following events in 2012:

 

National Retail Federation – $200,000

White and Case LLP – $200,000

Washington Hospital Center – $225,000

Leaders and Company – $700,000

KMPG International Cooperative – $200,000

UBS Wealth Management – $175,000

Bushnell Center – $180,000

St. Johns County Cultural Event Division – $175,000

Broward Center for the Performing Arts – $165,000

David A Straz Jr. Center for the Performing Arts – $165,000

M. Shanken Communications Inc. – $150,000

Pharmaceutical Care Management Association – $200,000

FOSUN – $200,000

UBS Wealth Management – $175,000

Craig Michaels, Inc. – $150,000

Fiserv Solutions, Inc. – $200,000

PriceWaterhouseCoopers LLP – $200,000

Hull International Business School – $150,000

Association for Advanced Life Underwriting – $200,000

Bay Area Council – $200,000

National Restaurant Association – $200,000

Mexican Insurance Association – $300,000

Terra Partners – $350,000

CTIA – The Wireless Association – $200,000

PriceWaterhouseCoopers – $200,000

Center for Global Dialogue and Cooperation – $500,000

IMD and Swiss Marketing – $200,000

World Management Limited – $165,500

Malmo Borsaiskap – $425,000

Ceska Energie A.S. – $400,000

Pershing LLC – $250,000

Edison Electric Institute – $200,000

Telstra – $150,000

BHP Billiton – $175,000

YPY Holdings Limited – $450,000

GTCR – $200,000

Global Business Travel Association – $250,000

CSP LLC – $250,000

Funadcao Brasiliera de Contabilidade – $450,000

Banco Itau BBA S.A. – $400,000

The Five Star Institute – $200,000

Solar Energy Trade Shows LLC – $200,000

C3 Summit LLC – $200,000

TECHNOGYM SpA – $500,000

Cambridge Speakers Series (Philadelphia) – $150,000

Cambridge Speakers Series (Boston) – $150,000

Cambridge Speakers Series (Pittsburgh) – $150,000

The Vanguard Group, Inc. – $200,000

Nat'l Ass'n of Hispanic Real Estate Prof'nals – $200,000

Deutsche Bank – $200,000

The Vanguard Group, Inc – $200,000

Cambridge Speakers Series (Baltimore) – $150,000

JP Morgan – $200,000

UBS Wealth Management – $175,000

Nuance Communications – $150,000

Mortgage Bankers Association of America – $200,000

The Goldman Sachs Group – $200,000

Pension Real Estate Association – $240,000

Oracle Corporation – $200,000

Bank of America – $200,000

World Management Limited – $200,000

Bond van Adverteerders – $150,000

New Albany Community Foundation – $200,000

American Society of Health System Pharmacists – $225,000

Let's Talk Entertainment, Inc. – $200,000

Society of Orators, LLC – $175,000

Foothill College Celebrity Forum Day 1 – $175,000

Foothill College Celebrity Forum Day 2 – $175,000

Foothill College Celebrity Forum Day 3 – $175,000

Dell Computer – $300,000

Wind on the Wires – $175,000

CoBank – $200,000

Samsung Electronics – $450,000

 

By my reckoning, that's a total of just under $15.9 million for 73 appearances over the full year 2012.  That works out to an average of $217,700 for each appearance.  On his junket to Europe between May 18, 2012 and May 24, 2012, the former President gave five speeches and raked in a substantial $1.7 million.

 

It is also interesting to note that the Clintons have an outstanding 30 year mortgage for between $1,000,001 and $5,000,000 at 5.375% on their personal residence.

 

Again, according to Ms. Clinton's tax releases for 2000 to 2006, over that time frame, the Clintons made $109.2 million in income and paid $33,783,507 in taxes and donated $10,256,741 to their family foundation.  Over the seven year period, President Clinton's Presidential Pension paid him $1,217,250, he made $29,580,525 from book sales and an additional $51,855,599 from public speaking.  Interestingly, in 2007, You can find the returns here.  Just for fun, here is page one from their joint 1040 showing their income stream for the tax years from 2000 to 2006:

 

While Ms. Clinton maintains that they know poverty, their tax returns show that they left poverty behind very quickly after exiting the White House.  Being firmly in the top 0.1 percent tends to make one forget certain things about their past…unless, of course, you happen to be a Democratic candidate for President.

 

Click HERE to read more of Glen Asher's columns