Apparently, Hunter Biden isn’t the only one benefitting from their parent’s political position to the tune of millions of dollars.
A new report reveals that Chelsea Clinton, daughter of Bill & Hillary, has earned a total of around $9 million from her role on the board of IAC/Interactive Corp, an internet investment company she’s sat on the board of since 2011.
Take a look at the breaking revelation over on Twitter:
The Hill has more details on the cash Chelsea has raked in from her board position:
Chelsea Clinton has reaped $9 million in compensation since 2011 for serving on the board of an internet investment company, according to Barron’s, the financial publication.
Barron’s reported Sunday that Clinton has profited handsomely as a board member for IAC/InterActiveCorp, a media and internet investment company that has an ownership stake in 150 well-known brands, such as Vimeo, Tinder, Angie’s List and Home Advisor.
Clinton, the only child of former President Bill Clinton and former Secretary of State Hillary Clinton, has served on IAC’s board since 2011 and receives an annual $50,000 retainer and $250,000 worth of restricted IAC stock units, Barron’s reports.
She reported owning $8.95 million worth of IAC stock to the Securities and Exchange Commission at the end of December.
Barron’s notes that IAC’s stock has risen 89 percent, 50 percent and 36 percent in 2017, 2018 and 2019, respectively, a far steeper rise than the broader stock market.
The Washington Examiner added:
Chelsea Clinton has received around $9 million since 2011 for her work on the board of an internet investment firm.
Clinton, 39, is on the board of IAC/InterActiveCorp, a technology firm that has invested in several online ventures including, Tinder, Angie’s List, HomeAdvisor, and nearly 150 other companies. According to Barrons, Clinton’s role on the board led to a boon of almost $10 million for the former first daughter.
The corporation kept her on an annual retainer of $50,000 since 2011 in addition to $250,000 in restricted stock each year. In a year-end filing to Securities and Exchange Commission, Clinton reported having $8.95 million in stocks with IAC. Much of Clinton’s earnings can be credited to IAC’s performance in the market, as stock prices grew 89% in 2017, 50% in 2018, and 36% in 2019. IAC outperformed the market as a whole, which has broken several records since President Trump took office.
Townhall also shared some additional insight:
It turns out that Hunter Biden isn't the only one who is rolling in the dough thanks to his parents' political career. Chelsea Clinton, the daughter of former President Bill Clinton and former Secretary of State Hillary Clinton, has made $9 million since 2011 for sitting on the board of IAC/InterActiveCorp, a media and internet investment company, The Hill reported. The company has stock in 150 well-known brands, like Tinder, Match, Vimeo, Angie's List, Home Advisor and the Daily Beast.
According to Barron's, Clinton has sat on the board of IAC since 2011. Part of her agreement is to receive "an annual $50,000 retainer and $250,000 in restricted IAC stock units."
A December filing with the Securities and Exchange Commission revealed Clinton "owned the equivalent of 35,242 IAC shares, consisting of 29,843 shares and 5,399 share units under a deferred-compensation plan," which is worth almost $9 million dollars. Once a board member quits, their share units convert to stocks, Barron's reported.
Clinton's stock has skyrocketed. In June it was worth 7.2 million and in October 2018 that same stock was worth 6.6 million.