Chelsea Clinton claims that money is not something she cares about, although she gave it a try.
Being a trust-fund baby and the daughter of famous, politically connected parents probably makes her life choices a lot easier and stress-free than those challenges that face everyday Americans, however.
After working at a Wall Street hedge fund, Chelsea Clinton apparently followed her dream and became an executive at the Clinton Foundation, the glitzy philanthropic organization coincidentally founded by her parents, Bill and Hillary Clinton.
In an interview with Fast Company, Chelsea Clinton said in part “It is frustrating, because who wants to grow up and follow their parents? I’ve tried really hard to care about things that were very different from my parents. I was curious if I could care about [money] on some fundamental level, and I couldn’t. That wasn’t the metric of success that I wanted in my life…”
Chelsea is married to a hedge fund operator who was formerly a Wall Street banker, and as the Daily Mail observed, “she and her husband bought a $10.5 million apartment last spring, her 2010 wedding cost more than $3 million, and Chelsea has three degrees from exclusive universities and attended a private high school.”
Chelsea Clinton’s comments about not caring about money come as her multimillionaire mom, possible Democrat presidential candidate Hillary Clinton, stirred things up during her book tour by claiming that she and her husband were “dead broke” when they left the White House, and that they are not truly well off.
Apart from two very lucrative book deals, the former Secretary of State has cashed in on the public speaking circuit, reportedly earning about $200,000 per speech. Bill and Hillary now have a family fortune reportedly in the range of $100 million to $200 million.
Perhaps ironically, income inequality — and how to fix it — may be a component of a Clinton 2016 presidential campaign.
Over in England, wealthy politicians and their connected relatives and friends of this ilk are often referred to as “champagne socialists.” On this side of the Atlantic, the term “limousine liberals” tends to apply.
Bill Clinton tried to help his wife avoid the out-of-touch label yesterday when he claimed that “It is factually true that we were several million dollars in debt.” He added that he and Hillary are grateful for the good life they have now, and they are so in touch that they even “go to our local grocery store on the weekend.”
Are you convinced that Chelsea Clinton doesn’t care about money?