by DCG
This womyn is lucky her last name is Clinton. In the real world, she’d never be worth this much for such little work.
From Daily Mail: Chelsea Clinton has raked in $9 million in the past decade for serving on the board of a media and internet investment company controlled by her mother’s friend.
The former first daughter’s shares in IAC/InterActive Corp were valued last week at a whopping $8.95 million, according to financial publication Barron’s.
The 39-year-old, who has been on the IAC board as a director since 2011, receives an annual $50,000 retainer. She also receives $250,000 in restricted IAC stock units.
The company, which has an ownership stake in 150 brands like Vimeo and Tinder, is run by billionaire businessman Barry Diller. The billionaire, who is the longtime partner of designer Diane von Furstenberg, is a good friend of Chelsea’s mother Hillary Clinton.
Shares in IAC have surged in recent years. It has also seen Clinton’s stake sky-rocket. She reported owning the equivalent of 35,242 IAC shares at the end of December.
Her $8.95 million in shares increased from the $7.2 million she had in June last year and the $6.6 million from October 2018.
Chelsea’s biography on the IAC website largely touts her work with The Clinton Foundation. She also had a brief stint as a special correspondent on NBC from November 2011 through August 2014 during which she had an annual salary of $600,000.
Records obtained last year showed the Clinton took home just over $600,000 last year for her work as director on the boards of IAC and Expedia. Expedia is also owned by Diller.
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.
DCG