‘Inherited Wealth’
Without the estate tax, Hillary Clinton said, the country could become “dominated by inherited wealth.”
Nick Merrill, a spokesman for Hillary Clinton, said in an e-mail that the couple’s finances are an “open book.” He didn’t answer additional questions about their finances or her current views on the estate tax.
Two estate-planning advisers are listed on the Westchester County documents, Linda Hirschson of Greenberg Traurig LLP in New York and Rorrie Gregorio of Marcum LLP in New York. Both specialize in estate and tax planning for high net-worth families; neither returned a call for comment.
The Clintons have consistently supported higher taxes on the income and estates of the wealthiest Americans, even as their paid speeches and book royalties moved them into the echelons of the nation’s top earners over the past decade.
At the end of 2012, the Clintons were worth $5.2 million to $25.5 million, according to financial disclosures that Hillary Clinton filed in 2013 as she was leaving her position as secretary of state.
That total excludes the value of their homes in Washington and in Chappaqua, New York, any savings since 2012 and gifts already made to their daughter, Chelsea, who is expecting their first grandchild later this year.
Net Worth
Under federal disclosure rules for administration officials, the Clintons provided their net worth in a broad range. Most of the assets reported were in a single cash account at JPMorgan Chase & Co. that held between $5 million and $25 million. As of 2010, they had two JPMorgan accounts, indicating a net worth of as much as $50 million.
Since she left the government last year, Hillary Clinton, 66, has been giving speeches for hundreds of thousands of dollars each. Bill Clinton, 67, also makes paid speeches and appearances, receiving $200,000 each in October 2012 from Vanguard Group Inc. and Deutsche Bank AG, according to Hillary Clinton’s disclosures.