Mediaboss Marketing

One of the most surprising things about Bill and Hillary Clinton is that they were broke and in debt when they left the White House in 2001. But whats even more interesting is that the former First Couple managed to turn the financial situation around and became multimillionaires in just a decade.

The Monica Lewinsky scandal left them broke

I left the White House $16 million in debt, former president Bill Clinton told NBCs Craig Melvin during an interview which tackled the Monica Lewinsky scandal, CNBC reported. Clinton was millions of dollars in the red due to the legal fees.

Apparently, Bill Clintons salary cant keep up with his mounting legal fees. The presidential salary of $200,000 had been overwhelmed by defense attorneys fees for scandal investigations, the impeachment proceedings against Bill Clinton and action to suspend his Arkansas law license, NPR reported.

Clintons quick financial rise

But Bill and Hillary Clinton quickly bounced back financially. Three years after they became dead broke, they were able to pay off all of their debts by 2004. When Hillary ran for the presidency against Trump, Forbes estimated her net worth at that time to be $45 million.

The Clintons were able to quickly reverse their financial situation via multimillion-dollar book deals and paid speeches. The couple reportedly earned more than $153.7 million in paid speeches from 2001 to 2015.

Book deals were also a major source of earnings for the Clintons. For her book Living History, Hillary Clinton reportedly got an $8 million advance while Bill Clinton got a $10 million advance for his book My Life.

The Clintons net worth

Hillary Clintons net worth is estimated to be over $45 million, according to Express. Meanwhile, Bill Clintons estimated net worth is almost twice that of his spouse at $80 million. Combined, that means that the couple has around $125 million.

Their daughter, Chelsea Clinton, is likewise a millionaire with a net worth of about $15 million. Fresh out of graduate school at Oxford University, she is now employed with McKinsey & Co earning $120,000.

Visit link:
Bill and Hillary Clinton net worth: How the former First Couple got out of debt and became multimillionaires - EconoTimes