Hillary’s ‘We Had No Money When We Got’ to White House Claim Doesn’t Add Up

Disclosure forms show Clintons were worth up to $1 million in 1992
Hillary Clinton, Bill Clinton / AP

Hillary Clinton, Bill Clinton / AP

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Hillary Clinton defended the high price tag for her speeches by saying that the Clintons “had no money when they got” to the White House and left it “dead broke” and “in debt.” An analysis of financial disclosure forms shows that the couple was far from impoverished when they entered the White House, however.

The couple was worth between $350,000 and $1 million prior to moving into the White House, according to a 1992 Federal Election Committee filing that only required that assets and liabilities be disclosed in ranges.

In 1993, the Clinton’s estimated net worth was between $633,015 and $1.62 million.

That year the two had shares in a blind trust, with Hillary’s share valued at $500,001 to $1 million and Bill’s valued at $15,001 to $50,000. In 2007, the couple liquidated the blind trust for political reasons and cashed out in the range of $5 million to $25 million.

The New York Times reported that Hillary’s 1989 law firm salary was $89,000.

Hillary was responding to a question from Diane Sawyer on why she needs to charge a fee that is “five times the median income in this country for one speech.”

Clinton responded that the couple “struggled” financially, and that “it was not easy.”