Explaining Southern California's economy

Bill Clinton tops $75 million in speech fees

Mercer 18495

Slaven Vlasic/Getty Images

Former President Bill Clinton attends the 2011 New York University commencement at Yankee Stadium on May 18, 2011 in New York City.

What does a U.S. President do when he isn't President anymore? If he's Bill Clinton, who left office in 2011, he gives speeches. Lots and lots of speeches. And makes lots and lots of money. Clinton had such a good 2010 on the speechifying trail that his take since leaving the White House now tops $75 million.

This is from CNN:

Helping to propel the former president to his most lucrative year were two events for which he received a combined $1 million. The first was a June 2010 event in Moscow organized by Renaissance Capital. The other was a December speech delivered in the United Arab Emirates for Novo Nordisk, a global health care company. Clinton received $500,000 for each event, which tie for the second-largest payments he has received for a single event. In June 2008, he received $525,000 for a speech at a motivational speaking conference in Edmonton, Canada.

Former Presidents are hanging around much longer than they used to. And for Clinton, talking is right up there with breathing and walking on his list of life skills. So you can't really fault him for getting paid for something he'd probably do anyway, just with two waitresses and busboy in Pennsylvania or Kansas as his audience, rather than, say, titans of industry and finance.

It's not really clear that Clinton spends much of this loot on himself or his family, however. According to a 2007 report in the Chronicle of Philanthropy, he either gives most of it away to charity or uses his speaking fees to fund his own foundation.

Follow Matthew DeBord and the DeBord Report on Twitter.

blog comments powered by Disqus