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Anorak | Chelsea Clinton Doesn’t Care About Money As She Earns $600,000 A Year

Chelsea Clinton Doesn’t Care About Money As She Earns $600,000 A Year

by | 25th, June 2014

PA 12575565 1 Chelsea Clinton Doesnt Care About Money As She Earns $600,000 A Year

 

THIS is a fairly brazen piece of behaviour. Chelsea Clinton, daughter of Bill and Hillary, insists that she’s not really motivated by nor worried about money. Which is interesting because she’s on a $600,000 a year contract with NBC to do the odd bit of TV reporting now and again. Oh, and she’s married to a finance whizz kid and lives in a $10 million apartment.

I guess quite a lot of us wouldn’t be all that worried about money at that sort of point:

Despite Chelsea’s self-proclaimed disinterest in money-making, a report last week surfaced that she was paid $600,000 by NBC last year to do a smattering of reporting

It is not uncommon for well-known anchors to earn multiple millions per year, but Clinton’s reported annual salary is high for the frequency of her segments.

By comparison, her salary is higher than both of the last two editors of the New York Times.

The paycheck from her NBC contract has helped Chelsea and her husband Marc Mezvinsky buy a $10.5 million apartment next to New York’s Madison Square Park last spring.

As someone who works in this media world let me point out to you that $600,000 a year for doing a couple of TV reporting spots a month really is not the way that the industry generally works. Doing a 30 minute documentary for the BEEB might make you a few thousands pounds. A 10 minute slot on a news show as a guest gains you between nothing and £100 maybe. And sure Americans are rather more generous with the cash but not that much. And I know from personal experience that squeezing any sort of fee out of a news organisation is difficult.

We might even begin to think that this is a little sweetheart deal: it would be quite amazing to find anyone at all who wasn’t the child of a former president being offered such a deal. And even that’s not quite right: the child of anyone other than a possible future president would find it very tough to get such a deal.

But you know, rich bird being paid a fortune to do near nothing isn’t motivated by money. So, that’s alright then, isn’t it? Rich but her heart’s in the right place.



Posted: 25th, June 2014 | In: Money, Politicians Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink