CLINTON CASH: Chelsea Made $9 Million from Firm Controlled by Hillary Pal, Report Claims
Chelsea Clinton made $9 million since 2011 serving on the board of a company controlled by a her mother’s friend, according to a report released yesterday.
Fox News writes that Chelsea received an annual retainer of $50,000 for “serving on the board of IAC/InterActiveCorp, which is controlled by business and television mogul Barry Diller, according to financial publication Barron’s.” She also received $250,000 in restricted IAC stock units which led to the windfall.
Barrons notes, “As of Dec. 31, she owned the equivalent of 35,242 IAC shares, consisting of 29,843 shares and 5,399 share units under a deferred-compensation plan, according to a form she filed with the Securities and Exchange Commission. Share units convert to stock when an IAC director leaves the board.”
The stock closed Friday at $253.91, valuing her shares at $8.95 million–up from $7.2 million in June and 6.6 million in October of 2018.