Paid speeches propel Clintons from 'dead broke' to rich

In 12 years, ex-President Bill Clinton earned $104.9 million for his speeches.

In 12 years, ex-President Bill Clinton earned $104.9 million for his speeches.

WASHINGTON — Over seven frenetic days, Bill Clinton addressed corporate executives in Switzerland and Denmark, an investors' group in Sweden and a cluster of business and political leaders in Austria. The former president wrapped up his European trip in the triumphant Spanish Hall at Prague Castle, where he shared his thoughts on energy with a Czech business summit.

His pay: $1.4 million.

That lucrative week in May 2012 offers a glimpse into the way Clinton has leveraged his global popularity into a personal fortune. Starting just two weeks after exiting the Oval Office, Clinton has delivered hundreds of paid speeches, lifting a family that was "dead broke," as wife Hillary Rodham Clinton phrased it earlier this month, to a point of such extraordinary wealth that it is now seen as a potential political liability if she runs for president in 2016.

Bill Clinton has been paid $104.9 million for 542 speeches around the world between January 2001, when he left the White House, and January 2013, when Hillary stepped down as secretary of state, according to a Washington Post review of the family's federal financial disclosures.

Although slightly more than half of his appearances were in the United States, the majority of his speaking income, $56.3 million, came from foreign speeches, many of them in China, Japan, Canada and the United Kingdom, the Post review found.

Since leaving the State Department, Hillary Clinton has followed her husband and a roster of recent presidents and secretaries of state in this profitable line of work, addressing dozens of industry groups, banks and other organizations for pay. Records of her earnings are not publicly available, but executives familiar with the engagements said her standard fee is $200,000 and up, and that she has been in higher demand than her husband.

Paid speeches propel Clintons from 'dead broke' to rich 06/26/14 [Last modified: Thursday, June 26, 2014 10:41pm]

Copyright: For copyright information, please check with the distributor of this item, Washington Post.
    

Join the discussion: Click to view comments, add yours

Loading...