Chelsea Clinton received $300K for attending 6 meetings as IAC board member in 2018, holds $6.3M worth of stock in company: Report
While the focus has shifted from Hillary Clinton after the loss of the 2016 presidential race, her own daughter seems to have become quite the money magnet.
According to records obtained by Daily Mail, 39-year-old Chelsea Clinton went home with at least $600,000 last year as a board member of IAC and Expedia. The figure seems exorbitant because the IAC board met only six times in 2018. Meanwhile, some board members of Expedia were required to attend just two meetings last year.
Both companies are led by billionaire Barry Diller, a longtime partner of designer Diane von Furstenberg and a good friend of the Clinton Clan. Diller has often been spotted with Chelsea and her parents while attending Broadway shows together.
Chelsea is set to own just over $400,000 of Expedia stock and shares in IAC that total a whopping $6.3 million, according to the latest compensation packages and the most recent stock trading prices. Her total compensation package for the most recent fiscal year was $302,880, according to the 10-K filed earlier this week by Expedia.
Clinton received a stock award of $249,927 just as every other person on the board, while her cash fees paid out for her supposed role on the board added up to $52,953. The board includes notable industry names such as producer Scott Rudin, 60, Uber CEO Dara Khosrowshahi and Diller's stepson Alexander von Furstenberg, both 49, and Courtnee Chun, 43, making Chelsea the youngest member of the group.
On the Expedia website, Chelsea is touted for her work with The Clinton Foundation. Furthermore, it also mentions her brief stint as a special correspondent on NBC from November 2011 to August 2014. Before Deborah Turness took over as president of the network, Chelsea was making an annual salary of $600,000 for her brief appearances on the network. At the time, Chelsea was not a member of the Expedia board, but she was already a director on the board at IAC.
Since her appointment as director in September 2011 despite being just 31, Chelsea has collected more than $300,000 in cash and stock every year.
According to SEC filings obtained by Daily Mail, this has by far been her most profitable endeavor, after it was revealed she holds a staggering $6,306,300 worth of stock in the company. Combined with her shares in Expedia worth $404,125, it adds up to more than $6.7 million in stock from the two companies.
On the other hand, Diller has also been very kind to Hillary. During her 2016 campaign for president, he donated $413,248 to her Victory Fund. Over the past decade, two have become incredibly close. However, it is unclear how they became such great friends.
Meanwhile, the billionaire has gotten quite close to Chelsea as well. The former first daughter and her husband Marc Mezvinsky were spotted with Diller and von Furstenberg on their sailboat Eos back in 2015 when they sailed down the Amalfi coast and snorkeled in Sardinia.