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THE NATION

Sen. Clinton Earned Nearly $3 Million

June 15, 2002|Associated Press

Sen. Hillary Rodham Clinton (D-N.Y.)

Earned income: $2,997,137

Honoraria, all donated to charity: None.

Major assets: Citibank deposit accounts, $5 million-$25 million; Blind trust, $1 million-$5 million; Northwestern Mutual Life Insurance, $15,001-$50,000.

Major sources of unearned income: Citibank accounts, interest $100,001-$1 million; Northwestern Mutual Life Insurance, interest, $2,501-$5,000.

Major liabilities: Outstanding legal bills with three Washington, D.C., legal firms, $1.75 million-$6.5 million. The firms are Williams and Connolly, Mayer Brown and Platt, and Skadden Arps.

Gifts: None.

Narrative: Former President Clinton earned $9.2 million for about 60 speeches in 2001 that he gave to a variety of groups around the globe. He was paid between $75,000 and $350,000 per speech. Sen. Clinton's earned income includes $2.85 million in a book advance from Simon & Schuster for her memoir, set to be released in 2003. She donated $6,847 in residual income from her earlier book "It Takes a Village" to charity. Bill Clinton also signed a book deal for a memoir with Random House but was not required to detail the income on his wife's disclosure form. The report said only that royalties were over $1,000.

The Clintons reported paying $1.3 million in legal bills in 2001 for themselves and former staff members. They ceased operations of a separate legal trust. The Clintons donated $800,000 to a foundation they set up for charitable causes.

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