Chelsea Clinton just proved she has a lot in common with Hunter Biden – they both are getting massively wealth off their parent’s connections.
Chelsea has been a director at IAC since 2011, a plum Burisma like job that pays handsomely and requires little to no work.
Believe me, you could never get one of these deals. We know Biden’s was pretty good for Hunter as he pulled in 50-80k per month for the no-show job.
Chelsea’s deal was even better and she made out like a bandit earning an annual $50,000 retainer and $250,000 in restricted IAC stock units, or RSUs.
That adds up and with the booming stock market, Chelsea Clinton stake for doing nothing has risen to close to $9 Million.
Think about that for a minute…
Surging IAC/InterActiveCorp stock has left the S&P 500 in the dust in recent years, benefiting its shareholders, including board member Chelsea Clinton.
Shares of IAC (ticker: IACI), which owns investments in a number of internet brands, have rocketed in the past three years. IAC stock’s rise of 89%, 50%, and 36% in 2017, 2018, and 2019, respectively, far outstrip the S&P 500’s 19% rise, 6% drop, and 29% gain in those respective years.
Clinton, who has been an IAC director since 2011, receives an annual $50,000 retainer and $250,000 in restricted IAC stock units, or RSUs. 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 value of Clinton’s stake has surged along with the stock. Her IAC shares were valued at $8.95 million as of Friday’s close at $253.91. That is up from $7.2 million in June, and up from $6.6 million in October 2018.
The Clinton Foundation, of which Clinton is vice chairwoman, didn’t respond to a request to make her available for comment.