Thursday May 24, 2018
Home World US financial ...

US financial disclosures: Clintons amass more than $25 million, Obamas have just $ 1000 in savings

0
//
46
Republish
Reprint

HillaryClinton_2326613b

By NewsGram Staff Writer

Hillary Clinton, the leading Democratic presidential candidate for 2016 has come under harsh criticism from both the Republican and Democrat presidential rivals after it was revealed that she and her husband Bill earned more than $25 million delivering public speeches.

The reported net worth of the Clintons comes out to be a colossal $ 55 million. With their staggering wealth, the Clintons have comfortably booked a place in the top 0.1 per cent of US earners.

Critics say that the new financial disclosures “raise ethical questions” and show they cannot represent the American middle class.

After she stepped down from the post of Secretary of State, Hillary Clinton, has charged $250,000 per public address. Her memoir, Hard Choices, published last year fetched her a whopping $5 million, thereby demolishing the claims that her family was “dead broke” after they left the White House in 2001.

Meanwhile, similar disclosures for the Obama family revealed that they have just $1,001 in a single JP Morgan account filed under savings. But, it does not render the Obamas as poor by any means.

Much of their wealth appears to be tied up in Treasury bills. The largest joint asset for the Obamas was the government-issued T-Bill between $1 million and $5 million.

As much as $400,000 is tied-up in college funds for their two daughters, while Mr Obama’s retirement pot holds an estimated $350,000 – bringing the Obamas’ total assets up to between $2 million and $7 million.

Republicans believe that Hillary’s paid-for speeches at financial institutions like Goldman Sachs make her bound to big businesses.

“The Clintons’ claim that staggering amounts of income from paid speaking fees that raise ethical questions and potential conflicts of interest is simply to ‘pay our bills’ shows how out-of-touch they’ve truly become,” said Reince Priebus, the chair of the Republican National Committee

Click here for reuse options!
Copyright 2015 NewsGram

Next Story

Apple May Soon Launch a Credit Card with Goldman Sachs: Report

Apple, Goldman Sachs may launch credit card next year

0
//
21
Apple logo
Apple Watch Plays Good Samaritan, Helps Save Elderly. Pixabay

Apple has reportedly partnered with investment bank Goldman Sachs and might release a credit card next year, a media report said.

A report in Wall Street Journal claimed that the new credit card — which marks the end of Apple’s credit card partnership with Barclays — would use the Apple Pay branding.

Goldman Sachs would also offer in-store loans to Apple customers, the report said.

The move follows Goldman Sachs acquisition of the team behind Final, a credit card startup. Final’s dozen employees later joined Goldman’s new Consumer and Commercial Banking division.

Also Read: Apple to Invest in Eco-Friendly Aluminium Smelting Technology R&D

Goldman Sachs has a partnership with American Express and its Platinum card. This would be its first foray into consumer credit cards.

For Apple, the move is expected to increase user adoption of Apple Pay. (IANS)

Next Story