- Chelsea Clinton said in an interview published over the weekend that she doesn’t care about money
- Her admission comes on the heels of a report last week that she’s being paid $600,000 a year to do a smattering of reports for NBC News
- She and her husband bought a $10.5 million apartment last spring
- Their 2010 wedding cost more than $3 million
- Chelsea has three degrees from exclusive universities and attended a private high school
Chelsea Clinton lives a charmed life, but don’t be fooled: secretly, she’s not attached to the oodles of money she and her hedge fund manager husband make each year, the former first daughter said in an interview published over the weekend.
Philanthropy is her true passion, Clinton said, and that’s why she permanently left Wall Street to join the Clinton Foundation, which she runs with her parents, former first couple Bill and Hillary Clinton.
‘I was curious if I could care about [money] on some fundamental level, and I couldn’t,’ Clinton told The Telegraph. ‘That wasn’t the metric of success I wanted in my life.’
Chelsea Clinton, seen here on Monday, says money isn’t the ‘metric of success’ she wants for her life
Chelsea says she has finally found her passion in philanthropy and really doesn’t care about making money.
Chelsea, philanthropist, puts a Kits for Kids together with an Air Force cadet at Project C.U.R.E. in Centennial, Colo., on Sunday. The kits are basic supplies to provide parents in developing nations with the supplies they need for their kids at home.
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.
All grown up: Chelsea’s wealth has allowed her to regularly dye her hair blonde and blow out her naturally frizzy hair
Politico said at the time of its report that the 34-year-old, who is expecting her first child later this year, is now on a month-to-month contract that would ease her departure should her mother decide to run for president in 2016.
It later came to light that Clinton was still being paid $50,000 a month by NBC despite the fact that she hasn’t been featured since January.
NBC News has aired two stories by Chelsea Clinton so far in 2014, both on education programs targeting the underprivileged that were shown on Nightly News in January.
The news network told the Associated Press that it does expect two completed stories to air soon, however, and two others are in the works.
NBC reportedly wanted to avoid the appearance of a conflict by having her on the air around the time Hillary Clinton was doing a round of media interviews about her new book Hard Choices.
In any case, Hillary has been hitting the airwaves more than her daughter.
The former secretary of state has participated in TV interviews across every major network in the last three weeks, making eyebrow raising statements of her about the Clinton family’s financial outlook.
‘We came out of the White House not only dead broke but in debt. We had no money when we got there, and we struggled to piece together the resources for mortgages for houses, for Chelsea’s education. You know, it was not easy,’ Hillary said.
On Monday Chelsea sported a big chain necklace, a stack of rings on her neatly manicured hand and a maternity pantsuit.
Earning her keep: Chelsea switched from an annual to a month-to-month contract earlier this year (pictured with her mother watching over her at a function n New York City on Thursday)
Thanks to eight years in the White House and lucrative speaking gigs and book deals afterward, Bill and Hillary were able to pay for Chelsea to attend Sidwell Friends private school as a teenager and Stanford and Oxford universities.
After college, Chelsea experimented in management-consulting and dabbled in her now-husband’s career field of hedge fund management.
She left Wall Street in 2008 to help out with her mom’s presidential campaign, returning briefly after Hillary lost the Democratic Primary, before determining that she would attend Columbia to get her Masters in public health.
She graduated from Columbia in the spring of 2010 and married Mezvinsky that summer.
The high-profile wedding was held at the former home of millionaire businessman John Jacob Astor IV on 50 acres of land overlooking the Hudson River in Rhinebeck, New York. The wedding boasted 500 guests and was said to cost more than $3 million. Her custom-made Vera Wang dress cost approximately $25,000 alone.
Clinton also began working at New York University as the Assistant Vice-Provost for the Global Network that year.
She left NYU in 2011 and took a contract with NBC and a position at the Clinton Foundation, instead.
In her interview with the Telegraph, Clinton also addressed the perception that she’s the beneficiary of presidential privilege, and it is her pedigree, not her talent employers seek.
‘I will just always work harder [than anybody else] and hopefully perform better. And hopefully, over time, I pre-empt and erase whatever expectations people have of me not having a good work ethic, or not being smart, or not being motivated.’
Chelsea and Marc Mezvinsky’s 2010 wedding reportedly, which was held at the former home of millionaire businessman John Jacob Astor IV in Rhinebeck, New York, cost more than $3 million. Her custom-made Vera Wang wedding dress cost approximately $25,000 alone
Luxury look: Chelsea wore leather pants, a Chanel necklace and Christian Louboutin heels to an event two Thursdays ago
Clinton is the second presidential daughter to get work at NBC; Jenna Bush Hager, daughter of George W. Bush, is a Today show correspondent.
Besides Nightly News, Clinton was hired to do stories for Brian Williams’ Rock Center newsmagazine, which has since been canceled.
Much of her work falls under the umbrella of NBC’s Making a Difference stories, about various efforts to make communities better.
Bush’s daughter seems genuinely interested in being a television journalist, while that doesn’t appear to be the case with Clinton.
Clinton herself told the Telegraph that she felt called to the same field as her parents despite trying ‘really hard to care about things that were very different’ from them.
Chelsea may even have a political career of her own ahead of her.
‘I live in a city and a state and a country where I support my elected representatives. If at some point that weren’t the case, maybe then I’d have to ask and answer the question for myself, and come to a different answer,’ she said.
Clinton has not indicated whether she intends to keep her contact with NBC News after her baby is born.
Paying the mortgage: Chelsea and her husband Marc bought this four bedroom apartment overlooking Madison Square Park in Manhattan for $10.5million last spring.