The Mystery of Hillary’s Missing Millions

Posted by on Sep 29, 2015 at 10:56 am
Democratic presidential candidate Hillary Clinton reacts as she listens to a question from the audience during a campaign event at Uncle Nancy's Coffee in Newton, Iowa, September 6, 2015. REUTERS/Scott Morgan

Since Bill and Hillary Clinton left the White House in 2001, they have earned more than $230 million. But in federal filings the Clintons claim they are worth somewhere between $11 million and $53 million. After layering years of disclosures on top of annual tax returns, Forbes estimates their combined net worth at $45 million. Where did all of the money go? No one seems to know, and the Clintons aren’t offering any answers.

From 2001 to 2014 the power couple spent $95 million on taxes. Hillary’s 2008 presidential run cost her $13 million. Their two homes cost a combined $5 million, and the Clintons have given away $22 million to charity. All of this is according to FEC filings, property records and years of tax returns. Add it up and you get $135 million. If the Clintons made $230 million, spent $135 million and have just $45 million left over, what happened to the other $50 million?

“That’s kind of strange,” says Joe Biden’s accountant, Walter Deyhle. “You have to report all of your assets. You have to report assets that are owned by your spouse.”

It seems unlikely that the Clintons could have spent all of it. Over 14 years $50 million averages out to $3.6 million in extra expenses per year, or $9,800 per day.
WHERE COULD THAT much money have disappeared? The Clintons have been speaking around the world for years, and they count millions in travel expenses under their businesses. It is unclear whether they have paid for additional travel expenses out of their own pockets. It seems unlikely, but they could have given it away overseas: Donations to foreign charities are not deductible and would not be listed on tax returns. Billionaires like Prince Alwaleed Bin Talal of Saudi Arabia, Lakshmi Mittal of India and Joseph Safra of Brazil have donated to their foundation. Maybe the Clintons are returning the favor?

Or maybe they have given millions to their daughter, Chelsea, although she has plenty of her own money, after working for years and marrying hedge fund manager Marc Mezvinsky in 2010. The problem with all of these ideas is they are merely guesses. The Clintons did not respond to repeated requests for comment. Others were just as perplexed as we were.

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3 Responses to “The Mystery of Hillary’s Missing Millions”

  1. cali on 30/30/15 at 5:13 pm

    Being a certified accountant as well as having many audits of large corporations under my belt – the Clintons no doubt use ‘creative accounting’ as it is called in our circle.

    This is a too obvious that this information not only serves as the ‘creative fudging’ of their wealth but also a too obvious intent committing tax fraud on a massive scale.

    I do believe that the Clintons use their daughter to hide some of their wealth – safekeeping – but also their creative hiding the other major part of their wealth in offshore accounts as well as using the Swiss bank – all of it out of reach for an overall picture of their wealth.

    Consider this: During Hillary’s 4 years being SOS – she assisted and organized paid speeches for Bill alone in tune of 48 million dollars.

    The 530 million dollars donated to the Clinton foundation in 2012; 10% were allocated to charity while the Clinton family pocketed 90% of these donations. Paying their employees and outside hacks but still they were left with a very substantial and beyond lucrative amount of money beneficial only to their own and private use.

    Then there are 6 billion dollars missing from the state department which she was the designated steward. She refused to account for this amount of taxpayer dollars and since Obama never hired and IG during her time – no one within the colossus of the DC establishment has asked Hillary not one question were this money went.

    One can say – it pays to be a Clinton.
    I know that it is a pipedream on my part – I would love to audit them, their personal finances as well as their foundation and Global Initiative.