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Clinton earns $12M in 16 months
Politics » Some Democrats question how she will appeal to working-class voters.

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The book, "Hard Choices," chronicles her time at the State Department. It netted the former first lady at least $6 million between her advance and book sales, according to Bloomberg’s analysis of industry standards and public records.

The 635-page tome has sold 191,000 hard copies in five weeks, according to Nielsen, which covers about 85 percent of the print book market. The sales have kept Clinton on the non- fiction bestseller list since its release.

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"The book should have a very long shelf life, with significant hardcover sales over time" said Christy Fletcher, a literary agent and co-founder of Fletcher & Co. "Especially if she decides to run."

Beyond her book, Clinton has been paid at least $6 million for more than 100 speeches and appearances she has given to a range of industry groups, nonprofits, universities and corporations, according to published reports and a survey of those who hired her. Companies that have booked the former New York senator include KKR & Co., the Carlyle Group and financial-services firms. This week, she’ll speak at an Ameriprise Financial Inc. conference in Boston.

Her fee for delivering speeches is at least $200,000, according to people familiar with the payments who weren’t authorized to talk publicly. Clinton received payment for at least 27 addresses.

Some of her fees, including all of those for college campus appearances, have been donated to the family’s nonprofit foundation.

"All of the fees have been donated to the Clinton Foundation for it to continue its life-changing and life-saving work. So it goes from a foundation at a university to another foundation," Clinton said in an ABC News interview last week.

Her contract with the University of Buffalo for an Oct. 23 speech stipulated that her $275,000 fee be paid to her speaking agency, Harry Walker Agency Inc., and then remitted to the foundation.

Clinton retained the right to approve her surroundings - from the moderator to the set. She also banned recording or broadcasting of her remarks, and required the school to pay $1,000 for a stenographer to transcribe Clinton’s remarks for her records.

Her husband was paid for 544 speeches between 2001 and 2012 with fees ranging from $28,100 to $750,000, according to financial-disclosure reports.

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Since then, Bill Clinton has given at least 40 additional addresses, including one for the Peres Academic Center in Rehovot, Israel, that earned him $500,000. It was donated to the Clinton Foundation.

Companies and corporate groups that at different times have hired both Clintons include the Biotechnology Industry Organization’s international convention, to which Hillary Clinton delivered the keynote speech earlier this year; her husband delivered the same address in 2010 and was compensated $175,000.

The former president also earned $150,000 for a 2006 speech to the same group, according to federal financial disclosures. A spokesperson for the trade association declined to comment on either speaker.

Goldman Sachs paid Bill Clinton almost $1.2 million for seven appearances between 2001 and 2012. The bank didn’t respond to questions about whether the former secretary of state was paid for her speech in October at its AIMS Alternative Investment Conference, an event for bank clients, or her remarks at the company’s Builders and Innovators Summit a few days later, where she appeared beside Goldman Chief Executive Officer Lloyd Blankfein.

In her speeches, Clinton talks about current events, policy issues important to her audience, and often cracks a few jokes.

Speaking before the Institute of Scrap Recycling Industries on April 10, an audience member threw a shoe at her during the start of her remarks.

"Is that part of Cirque du Soleil?" Clinton joked, from the stage at the Mandalay Bay resort in Las Vegas. "My goodness, I didn’t know that solid waste management was so controversial," she added.

Republicans are already working lines of attack on Clinton for her post-government earnings, and those of her husband.

"The Clintons did not start a company that created growth or jobs," said Tim Miller, executive director of America Rising, a super-political action committee founded by Romney campaign veterans. "What they did to make money was put a ‘For Sale’ sign on themselves."

— Streib reported from New York. Alexandre Tanzi contributed from Washington.


Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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