Bill Clinton Made Millions Overseas
Former president Bill Clinton got filthy, stinking rich by giving speeches to foreigners, AP reports.
Former President Bill Clinton earned nearly $6 million in speaking fees last year, almost all of it from foreign companies, according to financial documents filed by his wife, Secretary of State Hillary Rodham Clinton.
The documents obtained Tuesday by The Associated Press show that $4.6 million of the former president’s reported $5.7 million in 2008 honoraria came from foreign sources, including Kuwait’s national bank, other firms and groups in Canada, Germany, India, Malaysia, Mexico and Portugal and a Hong Kong-based company that spent $100,000 on federal lobbying last year.
Executives at many of the firms that paid honoraria to Bill Clinton have also donated large amounts of money to the Clinton Foundation, according to documents it released last year as part of an agreement with Congress on Hillary Clinton’s nomination as secretary of state. That agreement was aimed at preventing the appearance of any conflict of interest between the ex-president’s charitable organization and his wife’s new job as the United States’ top diplomat.
For one Power Within speech alone, delivered in Edmonton in June 2008, Clinton was paid $525,000, the most for any single event that year. For one event, he got $200,000 and for three others he received $175,000 each, the documents show. The Hong Kong firm, Hybrid Kinetic Automotive Holdings, paid Clinton a $300,000 honorarium on Dec. 4, 2008. Twenty five days later, on Dec. 29, a man listed as the company’s chief financial officer, Jack Xi Deng, made a $25,000 cash donation to the Virginia gubernatorial campaign of Clinton confidant Terry McAuliffe, according to the Virginia Public Access Project.
Good work if you can get it, I guess. I’m somewhat bemused that the photo YahooNews chose to illustrate the story is of him speaking to the National Auto Dealers Association and that their initials spell out a Spanish word meaning “nothing,” which almost surely is not what he was paid. (Although de nada is often colloquially translated as “you’re welcome,” which, at these prices, I’m sure he says frequently.)