In 2011, when it was still believed that Hillary Clinton was a shoo-in to become president after Obama, Chelsea Clinton, who does not have one positive achievement to her name, was picked to serve on the board of IAC/InterActiveCorp. She receives fifty thousand dollars a year plus stock worth a quarter of a million per year, bringing her total to just over $6.6 million dollars.
Not bad for someone who doesn’t know how to do a single thing. She will go far in politics. Hillary did not get her presidency, but now they are stuck with her.
Clinton joined the board of the tech company, owner of several internet brands, back in 2011 earning a $50,000 retainer and $250,000 in restricted stock units per year bringing her current IAC stock portfolio to an incredible $6.6 million net worth, Barron’s reports.
“As of Sept. 30, Clinton owned the equivalent of 31,182 IAC shares, which includes 25,964 actual shares and 5,218 share units, according to an SEC filing,” the magazine reported. “Those shares are worth a total of $6.62 million, using Wednesday’s closing price of $212.31. In addition, Clinton also owns at least 1,641 RSUs.”
According to analysts, the company has had a rocky financial history in the markets and growth has been unsteady. However, analysts do not find any underlying problem with the company. Regardless of the company’s prospects, it appears that Clinton has simply sat on her growing number of shares refraining from selling any since joining the board.
Someone has to support Chelsea’s husband. He started his own hedge fund and he lost 90% of the investor’s money in under two years.