The Conversation

'Broke' Clintons Reported $12M Income in 2001

Financial disclosure forms reveal the Clinton's earned a hefty $12M in the year following their exit from the White House. According to 2000 financial forms, they left the White House in some level of debt: the Clinton's held assets ranging from $780K and $1.8M along with liabilities in the range of $2.3M to $10.5M. 

"But as the outgoing first couple, they had tremendous earning potential. And within just one year, their financial troubles were effectively gone."

The tune changed quickly in 2001 for the political couple, when disclosure forms show they earned $12M from Bill's speeches and Hillary's book advance. Also of note was that Bill was earning a $150K pension and Hillary entered the senate with a $145K salary.

All told, their financial snapshot in 2001 was drastically different than when they left the White House -- assets were listed at between $6 million and $30 million; liabilities were between $1.3 million and $5.6 million.;And despite their financial issues, they got help from family friend and fundraiser Terry McAuliffe (now, the governor of Virginia) to secure a loan at the time for a $1.7 million home in Chappaqua, N.Y.

Earlier this week, Hillary Clinton tried to "walk balk" her comments, "fully appreciate how hard life is for so many Americans." She acknowledged to ABC's "Good Morning America" that "we've continued to be blessed in the last 14 years."


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