Despite receiving a $416,000 income while in the White House, Hillary Clinton told ABC’s Diane Sawyer that she and Bill were “dead broke” when they left Washington in 2001.
Under fire for her $200,000 speaking fees, Clinton says that she was just trying to “make ends meet.”
In an interview set to air on Monday, Hillary told Sawyer “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, you know, piece together the resources for mortgages, for houses, for Chelsea’s education. You know, it was not easy.”
Of course, after leaving the White House, the Clintons immediately bought a new home in northwest Washington for nearly $3 million and another home in Chappaqua, NY worth nearly $2 million.
Clinton also noted, however, that the couple was $11 million in debt, largely because of the legal fees her husband incurred while defending himself against multiple sexual harassment accusations.
“First of all, we had to pay off all our debts, which was, you know, he had to make double the money because of obviously taxes and then pay off the debts and get us houses and take care of family members,” Clinton said.
Clinton says that her $200,000 speaking fees and Bill’s whopping $500,000 fee is better than becoming a lobbyist.
“I thought making speeches for money was a much better thing than getting connected with any one group or company as so many people who leave public life do,” she said.
Since leaving the White House, the Clintons are estimated to be worth anywhere between $100 and $200 million. Bill alone has earned more than $106 million from speaking fees since leaving office.