Jilani writes: "Democratic presidential candidate Bernie Sanders this week
assailed rival Hillary Clinton for taking large speaking fees from the
financial industry since leaving the State Department."
Hillary Clinton. (photo: Jewel Samad/Getty Images)
ALSO SEE: The Clintons' Paid-Speech Bonanza
Hillary Clinton Made More in 12 Speeches to Big Banks Than Most of Us Earn
in a Lifetime
By Zaid Jilani, The Intercept
09 January 16
Democratic presidential candidate Bernie Sanders this week assailed rival
Hillary Clinton for taking large speaking fees from the financial industry
since leaving the State Department.
According to public disclosures, by giving just 12 speeches to Wall Street
banks, private equity firms, and other financial corporations, Clinton made
$2,935,000 from 2013 to 2015:
Data covering revenue Hillary Clinton has made on recent public appearances.
(photo: The Intercept)
Clinton's most lucrative year was 2013, right after stepping down as
secretary of state. That year, she made $2.3 million for three speeches to
Goldman Sachs and individual speeches to Deutsche Bank, Morgan Stanley,
Fidelity Investments, Apollo Management Holdings, UBS, Bank of America, and
Golden Tree Asset Managers.
The following year, she picked up $485,000 for a speech to Deutsche Bank and
an address to Ameriprise. Last year, she made $150,000 from a lecture before
the Canadian Imperial Bank of Commerce.
To put these numbers into perspective, compare them to lifetime earnings of
the median American worker. In 2011, the Census Bureau estimated that,
across all majors, a "bachelor's degree holder can expect to earn about $2.4
million over his or her work life." A Pew Research analysis published the
same year estimated that a "typical high school graduate" can expect to make
just $770,000 over the course of his or her lifetime.
This means that in one year - 2013 - Hillary Clinton earned almost as much
from 10 lectures to financial firms as most bachelor's degree-holding
Americans earn in their lifetimes - and nearly four times what someone who
holds only a high school diploma could expect to make.
Hillary Clinton's haul from Wall Street speeches pales in comparison to her
husband's, which also had to be disclosed because the two share a bank
account.
"I never made any money until I left the White House," said Bill Clinton
during a 2009 address to a student group. "I had the lowest net worth,
adjusted for inflation, of any president elected in the last 100 years,
including President Obama. I was one poor rascal when I took office. But
after I got out, I made a lot of money."
The Associated Press notes that during Hillary Clinton's time as secretary
of state, Bill Clinton earned $17 million in talks to banks, insurance
companies, hedge funds, real estate businesses, and other financial firms.
Altogether, the couple are estimated to have made over $139 million from
paid speeches.
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Hillary Clinton. (photo: Jewel Samad/Getty Images)
https://theintercept.com/2016/01/08/hillary-clinton-earned-more-from-12-spee
ches-to-big-banks-than-most-americans-earn-in-their-lifetime/https://theinte
rcept.com/2016/01/08/hillary-clinton-earned-more-from-12-speeches-to-big-ban
ks-than-most-americans-earn-in-their-lifetime/
ALSO SEE: The Clintons' Paid-Speech Bonanza
Hillary Clinton Made More in 12 Speeches to Big Banks Than Most of Us Earn
in a Lifetime
By Zaid Jilani, The Intercept
09 January 16
emocratic presidential candidate Bernie Sanders this week assailed rival
Hillary Clinton for taking large speaking fees from the financial industry
since leaving the State Department.
According to public disclosures, by giving just 12 speeches to Wall Street
banks, private equity firms, and other financial corporations, Clinton made
$2,935,000 from 2013 to 2015:
Data covering revenue Hillary Clinton has made on recent public appearances.
(photo: The Intercept)
Clinton's most lucrative year was 2013, right after stepping down as
secretary of state. That year, she made $2.3 million for three speeches to
Goldman Sachs and individual speeches to Deutsche Bank, Morgan Stanley,
Fidelity Investments, Apollo Management Holdings, UBS, Bank of America, and
Golden Tree Asset Managers.
The following year, she picked up $485,000 for a speech to Deutsche Bank and
an address to Ameriprise. Last year, she made $150,000 from a lecture before
the Canadian Imperial Bank of Commerce.
To put these numbers into perspective, compare them to lifetime earnings of
the median American worker. In 2011, the Census Bureau estimated that,
across all majors, a "bachelor's degree holder can expect to earn about $2.4
million over his or her work life." A Pew Research analysis published the
same year estimated that a "typical high school graduate" can expect to make
just $770,000 over the course of his or her lifetime.
This means that in one year - 2013 - Hillary Clinton earned almost as much
from 10 lectures to financial firms as most bachelor's degree-holding
Americans earn in their lifetimes - and nearly four times what someone who
holds only a high school diploma could expect to make.
Hillary Clinton's haul from Wall Street speeches pales in comparison to her
husband's, which also had to be disclosed because the two share a bank
account.
"I never made any money until I left the White House," said Bill Clinton
during a 2009 address to a student group. "I had the lowest net worth,
adjusted for inflation, of any president elected in the last 100 years,
including President Obama. I was one poor rascal when I took office. But
after I got out, I made a lot of money."
The Associated Press notes that during Hillary Clinton's time as secretary
of state, Bill Clinton earned $17 million in talks to banks, insurance
companies, hedge funds, real estate businesses, and other financial firms.
Altogether, the couple are estimated to have made over $139 million from
paid speeches.
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