While Hunter Biden has been in the news lately over questions revolving around his board position at Burisma that earned him as much as $960,000 annually, according to a new report from Barron’s, Chelsea Clinton has made a boatload of money the past nine years by serving on the board of IAC/InterActiveCorp, a media and internet investment company. The company owns many well-known brands, including Vimeo, Tinder, Angie’s List and Home Advisor.
According to the report, Chelsea has served on their board since 2011, and receives an annual $50,000 retainer and $250,000 worth in restricted IAC stock units. “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,” Barron’s reports. As of Friday’s close of the stock market, her shares were valued at $8.95 million.
Chelsia also had an annual salary of $600,000 for two years as a special correspondent for NBC News, and was also put on the board of Expedia Group in 2017, a position which reportedly earned more than $250,000.
How did Chelsea get such lucrative positions? It turns out that both IAC and Expedia are controlled by business and television mogul Barry Diller, who is a friend of Chelsea’s mother, Hillary Clinton.
In case you were wondering.
Matt Margolis is the author of Trumping Obama: How President Trump Saved Us From Barack Obama’s Legacy and the bestselling book The Worst President in History: The Legacy of Barack Obama. You can follow Matt on Twitter @MattMargolis