Posted on 12/15/2007 6:13:01 PM PST by COUNTrecount
WHAT SHE’S GOT
Cash and Bonds: $30.1 million
Life Insurance: $140,000
Retirement Funds: $33,000
Alternative Investments: $248,000
Houses: $5.9 million
Mortgages: $1.5 million
WORTH: $39.9 MILLION
2006 Income: $12.1 million
WHERE SHE GOT IT
When Bill Clinton first ran for President in 1992, Hillary provided most of the couple’s income working for the Rose law firm in Little Rock; he earned only $35,000 a year as governor of Arkansas.
Although she takes in $165,200 a year as a senator, these days Bill is breadwinner-in-chief. His presidential pension is $201,000 a year, and he grabbed a $12 million advance for his 2001 memoir, “My Life.” (Her “Living History” won an advance of $8 million and $7 million in royalties.)
But it’s been Bill’s great gift for gab that has really feathered the Clintons’ nest. He earned an astounding $41 million speaking to groups and corporations in the first six years since he left office. Standard fee: $150,000. The fact that he may be married to the next President can only burnish his star power.
WHERE IT GOES
Until May 2007, the Clintons had cash and a blind trust. When Hillary launched her campaign, however, she (and Mitt Romney) had to “unblind” the trust to comply with Executive Branch rules, so the contents became public. The Clintons’ money was spread among 190 mostly large-cap stocks from A (Abbott Labs) to Y (Yahoo) with a sprinkling of New York State and U.S. bonds.
Jason Mirsky of RiskMetrics assessed the portfolio as aggressive but not foolish. A Black Monday event, he says, would have lost the Clintons about 16.5 percent of their portfolio’s value.
Anxious about potential conflicts, the Clintons sold everything but the U.S. bonds. Allan Roth of Wealth Logic estimates the move cost $500,000 to $1.8 million in taxes. “They have done their fair share to shrink the budget deficit,” he says.
HOW SHE COULD DO BETTER
The Clintons’ cash hoard leaves them exposed to inflation, says Roth. Federal and state taxes put them in the 40 percent bracket, so the after-tax net on a 5 percent yield would be only 3 percent.
The Clintons should invest half their money in the stock market, using broad index funds to avoid conflicts of interest. If they set up a new blind trust, they should confine themselves to 30 to 50 securities.
“With the old portfolio,” says Mirsky, “they had a lot of fragmented positions that didn’t do much but add to their transaction costs.”
Doesn’t anyone wonder how it is these two grifters have come into that much money?
It is just amazing what a life of “service” to the little people can do for your portfolio.
Since you asked...
Clinton Library Got Funds From Abroad: Saudis Said to Have Given $10 Million
That'll give at least some idea what the Toon Foundation's worth. And it's unbefreakinglievable.
That's in the Red Ledger - not the Blue Ledger they show to the IRS.
‘servicing the people’ can be very lucrative, it seems.
And they remind people every time they open their mouths...which is crass and tacky, just like they are.
And they did’nt earn any of it, it was stolen or given to them under the table.
290,555,292 Yuan.
Those two certainly knew how to use the Presidency to their best advantage. They may not have been rich when they moved into the White house, but they were determined to be rich after they moved out. It's not hard, really. Especially if you are as unscrupulous as the Clintons.
Clinton Foundation raised more than $135M last year, assets over $200 million
Donations to the William J. Clinton Foundation jumped by nearly 70 percent since 2005, when the nonprofit raised more than $80 million. Contributions to the library have tripled since 2003, the year before Clinton's museum and archives opened in downtown Little Rock, Ark.
I'll just bet they have...
Maybe by cashing out a lot, she can invest in that Nigerian investment that she got in her e-mail.
[Since 2000, according to published reports, the former veep has transformed himself from a public servant with around $1 million in the bank to a sparkling private consultant with a net worth estimated to be north of $100 million. He’s a senior adviser to Google, a board member at Apple and now a newly minted general partner at Kleiner Perkins Caufield & Byers, the Silicon Valley venture-capital firm that made billions investing early in Netscape, Amazon and Google.]
A carbon credit trading economy will make Gore billions.
That's all??? Is Arkansas really that freaking poor? 15 years later, in 2007, as a Private First Class stationed in Germany, I make about $28,800 a year. We haven't had that much inflation!!
P.S.: I just realized, thanks to being in Germany, I now make more money than I did in my civilian job of four years ($24,648). Cool. Hey, and if you add in my signing bonus I received a few months ago of $7,000, then that would put me over Bill Clinton's $35,000. Plus, I'm supposed to get promoted in a month, too...
Not trying to brag, just thinking out loud.
Link to personal finance filings in on the left of the screen.
I guess Hillary! forgot how to make 100 times her money doing commodities trading.
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