Vice President Joe Biden’s son, Hunter, wasn’t the only child of top Obama officials getting rich during the 2000s.
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Remember the outrage when it was reported Hunter was paid $50,000 a month while his father was vice president… despite having zero experience in natural gas?
For years, Chelsea Clinton has been busy doing the same thing as Hunter.
And she’s made over $9 million.
The former first daughter has reportedly raked in $9 million in cash and stocks since 2011 by being on the board of an internet company, which is owned by television mogul Barry Diller, a Clinton family insider.
The company pays Chelsea a cash retainer of $50,000, as well as $250,000 worth of IAC restrictive stock units, every year.
And she only has to show up to work six times annually — that’s one day of “work” every two months.
She gets paid $50,000 in cash and stock options for every day she “works.”
What a gig!
But of course, Chelsea is no stranger to benefiting from the Clinton name, especially when Obama was president.
In 2011, she was simply handed a job as a correspondent for NBC News, making $600,000 annually, during the Obama administration. Chelsea only made eight total appearances on the network that year.
The Clintons’ relationship with Diller, who also owns Expedia Group, has allowed Chelsea to “serve” on the board of the travel agency, too — where she’s paid hundreds of thousands of dollars annually to show up to two meetings a year!
The trick to being a millionaire?
It’s not hard work, it seems.
It pays to be the child of a top Obama official.
The Horn editorial team