Why does Chelsea Clinton make $600,000 year for attending a maximum of eight meetings a year? What special knowledge does she have that makes her that valuable to any company? And that’s the tip of the iceberg. By the end of the year, she will own $400,000 worth of Expedia stock and another incredible $6.3 million in IAC stock. She sits on the boards of both companies, which are controlled by Clinton family friend, Barry Diller. Despite never having been successful at anything, Chelsea has amassed over 15 million dollars in wealth. She earned $600,000 for doing a couple of feel-good pieces that were poorly received.
So the Daily Mail decided to take a look at the former first daughter’s income, and what they found was fascinating.
Chelsea Clinton, 39, took home just over $600,000 last year for her work as director on the boards of IAC and Expedia, according to records obtained by DailyMail.com.
The IAC board met just six times in 2018, while some members of the Expedia board were only obligated to attend two meetings last year.
Those two companies are both headed up by the family’s good friend Barry Diller, the billionaire businessman and longtime partner of designer Diane von Furstenberg, who is often spotted attending Broadway shows with Chelsea and her parents.
IAC is an American holding company that owns more 150 brands across 100 countries, mostly in media and internet and is headquartered in New York City. Expedia is an international travel website.
“These latest compensation packages also reveal that Chelsea will soon own just over $400,000 of Expedia stock and shares in IAC that add up to an astonishing $6.3 million, based on those companies trading prices when the market opened Friday,” the Mail writes.
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