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That's the current net cash-wealth, though. If you considered their potential, you might come to a different result. E.g. Bill & Hillary Clinton leaving the Wh
by luckylion 5y ago
That's the current net cash-wealth, though. If you considered their potential, you might come to a different result.
E.g. Bill & Hillary Clinton leaving the White House was, according to him, $16m in debt. His net worth was negative.
Two decades later, they made over $200m. But it's obviously not like that money didn't come from the power and influence they've had when they left the White House. Nobody would have paid tens or hundreds of thousands of dollars for a speech of the wife of the former governor of Arkansas and failed presidential candidate.
Some have $10m and that's it, and I'd agree, they're not elite. Others have much more, but little of it in cash, and they are elite. Influence can typically be transformed into cash, as the Clintons have shown.
- xyzzyz 5y agoI don’t think that Bill and Hillary Clinton are representative examples of elites that the blog post above is talking about.