Hunter Biden isn’t the only child of a political dynasty to benefit from their family connections. Chelsea Clinton has raked in $9 million for a corporate board position at IAC/InterActiveCorp, an internet investment company run by Barry Diller, a close friend of Hillary Clinton.
IAC/InterActiveCorp has an ownership stake in profitable companies ranging from Tinder to Home Advisor. (The Hill)
Clinton, the only child of former President Bill Clinton and former Secretary of State Hillary Clinton, has served on IAC’s board since 2011 and receives an annual $50,000 retainer and $250,000 worth of restricted IAC stock units, Barron’s reports.
She reported owning $8.95 million worth of IAC stock to the Securities and Exchange Commission at the end of December.
Barron’s notes that IAC’s stock has risen 89 percent, 50 percent and 36 percent in 2017, 2018 and 2019, respectively, a far steeper rise than the broader stock market.
Clinton’s public profile has proved a valuable commodity.
The younger Clinton also snagged a cushy board position at Expedia Group in March 2017. Mr. Diller also owns Expedia.
AAN Staff
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