Bill Clinton Net Worth 2022 (Forbes) – Salary, Income, Earnings

Bill Clinton Net Worth 

Bill Clinton has an estimated net worth of $120 million. Bill Clinton was the 42nd president of the United States, and the second to be impeached. When Clinton was elected governor of Arkansas in 1978, he became the country’s youngest governor. Clinton, who was elected president of the United States in 1992 and re-elected in 1996, enacted legislation such as the Family and Medical Leave Act and presided over two terms of economic prosperity. As a former President Bill is entitled to a $200,000 annual pension.

However, when Bill stepped down from precedence, he was technically in debt due to legal expenditures. He was impeached by the House of Representatives in 1998 after his affair with Monica Lewinsky was revealed, though he was acquitted by the Senate in 1999. 

Over the next ten years, Bill alone earned more than $100 million in speaking engagement fees. His best-selling book “My Life” was paid the biggest advance of all time, $15 million, in 2001. From speaking engagements, book advances, royalties, investments, and consulting fees, Bill and Hillary have earned over $250 million.

Clinton has worked with the Clinton Foundation and campaigned for his wife, Hillary Rodham Clinton, in the 2008 and 2016 presidential elections since leaving office.

To calculate the net worth of Bill Clinton, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.

Here’s the breakdown of his net worth:

Name: Bill Clinton
Net Worth: $120 Million
Monthly Salary: $1 Million
Annual Income: $20 Million
Source of Wealth: Politician, Author, Public Speaker

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Early Life

Clinton was born William Jefferson Blythe III on August 19, 1946, in Hope, Arkansas. Clinton’s father, William Jefferson Blythe, died in an automobile accident three months before Clinton was born, leaving him in the care of his mother, Virginia Cassidy Blythe.

To care for her son, Virginia moved to New Orleans, Louisiana, to study anesthesiology while Clinton stayed with his grandparents, Eldridge and Edith Cassidy. Although they were opposites in many ways – Eldridge was easygoing and Edith disciplined – both paid close attention to the little boy and instilled in him the importance of a good education. “My grandparents had a lot to do with getting me excited about learning at an early age,” Clinton later recalled. “They taught me how to count and how to read. I was reading little books by the time I was 3 years old.”

Clinton’s mother returned to Arkansas in 1950 with her nursing degree. That same year, she married a car salesman named Roger Clinton, who soon moved the family back to his hometown of Hot Springs, Arkansas. Clinton then took his stepfather’s last name.

Although neither his parents nor his grandparents were religious, Clinton became a committed Baptist at a young age. On Sunday mornings, he would wake up, put on his best clothes and walk the mile to Park Place Baptist Church to attend services alone.

As his childhood progressed, Clinton became increasingly disturbed by his stepfather’s drinking and abusive behavior toward his mother and younger half-brother. At the age of 14, when he was already more than 6 feet tall, Clinton finally snapped. He told his stepfather, “If you want her, you are going to have to go through me.” The abuse stopped, but the drinking continued, and tensions at home continued even after Roger and Virginia divorced in 1962 and subsequently reconciled.

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Education

Clinton attended Hot Springs High School, an all-white segregated school, where he was an outstanding student and a star saxophonist in the school band. Hot Springs High’s principal, Johnnie Mae Mackey, placed special emphasis on educating students who were dedicated to public service, and she developed a close relationship with the intelligent and politically interested Clinton.

Meeting with JFK

Clinton attended Boys State, an American Legion program designed to introduce students to government service, in late spring 1963. He was elected as an Arkansas representative to Boys Nation in Washington, D.C., earning him an invitation to meet President John F. Kennedy in the Rose Garden of the White House.

A photograph of young Clinton shaking hands with President John F. Kennedy has become an iconic image representing the passing of the torch between generations of modern Democratic leadership. On the same trip, Clinton met another of his political heroes, Senator J. William Fulbright, Chairman of the Senate Foreign Relations Committee.

Georgetown University

Clinton enrolled at Georgetown University to study international affairs after graduating from high school in 1964. He jumped into university politics right away, serving as president of his freshman and sophomore classes, though he lost the election for student body president as a junior.

In addition, the political hopeful began working as a clerk for Senator Fulbright, one of Congress’ most outspoken critics of the Vietnam War. Clinton eventually agreed with Fulbright that the war was both immoral and detrimental to the country’s interests.

Law School and Military Service

Clinton received a highly prestigious Rhodes Scholarship to study at Oxford University for two years before graduating from Georgetown in 1968. However, Clinton received his draft notice in the spring of 1969 and was forced to return to Arkansas.

Clinton avoided military service by enrolling in the University of Arkansas Law School’s ROTC program, but instead of attending law school that fall, he returned to Oxford (and later claimed he had permission to do so).

Clinton resubmitted his name to the draft board, feeling guilty about his decision to avoid the draft, but he received a high enough lottery number to ensure that he would not have to serve in Vietnam. Clinton returned to the United States in 1970 to attend Yale Law School.

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Governor of Arkansas

Clinton easily defeated Republican Lynn Lowe in the Arkansas gubernatorial race in 1978, becoming the country’s youngest governor at the age of 32. He served one term before being defeated by the incumbent; he was elected governor again in 1982 and served four consecutive terms.

Working closely with his wife, Hillary, Clinton embarked on an ambitious agenda to reform the state’s education and health-care systems during his first term as governor. However, as governor, he made several mistakes due to his youth and lack of political experience.

Clinton mishandled riots by Cuban refugees interned at Fort Chaffee and imposed a highly unpopular fee increase on automobile licenses. Arkansas governors served two-year terms at the time, and at the end of Clinton’s term in 1980, a little-known Republican challenger named Frank White shocked him out of office.

Clinton was devastated by the loss, but he refused to let it derail his promising political career. Clinton sought the governorship again in 1982, after working at the Arkansas law firm of Wright, Lindsey & Jennings in Little Rock. Clinton swept back into office, this time for four consecutive terms, openly admitting his mistakes and pleading with voters to give him another chance.

Clinton took a centrist approach as governor, championing a mix of traditionally liberal and conservative causes. He established more rigorous educational standards and competency tests for teachers after appointing Hillary to head an education reform committee. Clinton also advocated for affirmative action, appointing a record number of African Americans to key positions in government.

At the same time, Clinton supported the death penalty and implemented welfare reforms aimed at getting recipients back to work. Clinton’s strategy of running the government like a political campaign, constantly polling public opinion and pitching policies through carefully orchestrated advertising campaigns, was also noteworthy.

Clinton served as chairman of the National Governors Association from 1986 to 1987 in order to raise his national profile. At the end of the decade, he was appointed chair of the Democratic Leadership Council, a group of moderate Democrats seeking to steer the party toward the center.

However, during the 1988 Democratic National Convention, Clinton blew an opportunity to establish himself as a clear future presidential candidate by delivering an excruciatingly long and boring nomination speech for Michael Dukakis. Clinton quickly made fun of his disastrous speech on The Tonight Show with Johnny Carson in a deft bit of political damage control.

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1992 Presidential Election

Clinton easily defeated his opponents in the Democratic primaries in 1992 to become the party’s presidential nominee, selecting Tennessee Senator Al Gore as his running mate. President George H.W. Bush, the Republican incumbent, was vulnerable in the 1992 election because he had broken his famous campaign promise not to raise taxes and, more importantly, because the national economy was in recession.

Despite allegations of draft evasion and rumors of marital infidelity, Clinton was able to turn the narrative by portraying himself as a hardworking family man. Furthermore, he successfully hammered home his economic message, which was emphasized by chief strategist James Carville’s catchphrase, “It’s the economy, stupid.”

Clinton was also helped by billionaire Ross Perot’s surprisingly successful third-party campaign, which siphoned off a significant portion of the Republican vote from President Bush. Clinton was elected the 42nd President of the United States on November 3, 1992.

Presidency and Accomplishments

Despite notable achievements in his first years as president, such as the Family and Medical Leave Act of 1993, the implementation of the “Don’t Ask, Don’t Tell” policy for LGBT military personnel, and the ratification of the North American Free Trade Agreement (NAFTA), Clinton’s first years in office left him politically vulnerable.

Clinton endorsed a massive health-care reform bill aimed at providing universal coverage through a task force led by First Lady Hillary Clinton. The bill, however, failed to pass Congress and became a massive political disaster, resulting in Republicans regaining control of both houses of Congress in 1994.

President Clinton made an impressive political comeback in the run-up to the 1996 election, embracing centrist policies and rhetoric once more. In 1994, he signed the Violent Crime Control and Law Enforcement Act, which increased the number of police officers by 100,000 and instituted harsher punishments for a variety of crimes.

He signed legislation raising the national minimum wage in 1996. He also came out of a budget dispute with House Republicans favorably, which resulted in two government shutdowns in 1995, the second of which lasted three weeks.

Clinton’s most notable achievement during his two terms as president was leading the country to a period of strong economic prosperity. During Clinton’s presidency, the country experienced the lowest unemployment rates in decades, as well as an increase in median income and home ownership rates.

Clinton’s foreign policy accomplishments included presiding over the 1993 signing of the Oslo Accord between Israel and the Palestine Liberation Organization, which resulted in the famous handshake between Yitzhak Rabin and Yasser Arafat, stabilizing war-torn Bosnia through the Dayton Peace Accords, and assisting in the end of Serbia’s ethnic cleansing of Albanians in Kosovo.

However, the failure of America’s military mission in Somalia and subsequent inaction in the face of genocide in Rwanda, both of which occurred during Clinton’s first term, stand out as major blemishes on his foreign policy record.

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1996 Presidential Election

Clinton easily defeated Republican challenger Bob Dole in 1996 to win a second term in office.

Affair With Monica Lewinsky

The Lewinsky scandal dominated Clinton’s second term in the White House. The president initially denied, then admitted, having sexual relations with Lewinsky, his White House intern.

Kenneth Starr, a panel-appointed prosecutor, exposed the affair after expanding an initial investigation into Clinton’s Whitewater investments as Arkansas governor. In 1998, Starr issued the Starr Report, which outlined a case for impeachment and contained explicit details.

The #MeToo movement prompted a reexamination of the Clinton-Lewinsky scandal two decades later, with many of the president’s former supporters now questioning his handling of the affair. Clinton should have resigned, according to New York Senator Kirsten Gillibrand, and Lewinsky wrote that their relationship was marked by “inappropriate abuse of authority, station, and privilege.” Clinton, on the other hand, told interviewers in June 2018 that he would not have handled the situation differently and that he felt no need to apologize to his former intern privately.

Impeachment

Clinton was impeached by the House of Representatives but not by the Senate, which meant he served out both of his two terms. The Republican-dominated House of Representatives voted in December 1998 to impeach the president for perjury and obstruction of justice in the Lewinsky affair. However, after a five-week trial, the Senate voted in February 1999 to acquit Clinton on both articles of impeachment.

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Post-Presidential Career

Clinton has remained active on the global stage in the years since his presidency ended in 2001. Despite facing a massive backlash as a result of the Lewinsky affair, Clinton revitalized his image and remained popular among Democratic supporters. Clinton’s successes and failures reflect current political divides, and history has yet to reveal the full consequences of many of his policies.

In his memoirs, Clinton offered his own preliminary assessment of his presidency: “My presidency is primarily judged by its impact on people’s lives. That’s how I kept track: all the millions of people who have new jobs, new homes, and college aid; the kids who have health insurance and after-school programs; the people who left welfare for work; the families who have benefited from the family leave law; the people who live in safer neighborhoods — all of them have stories, and they’re better ones now.”

The Clinton Foundation

Through the William J. Clinton Foundation (founded in 1997 and later renamed the Clinton Foundation), he established the Clinton Climate Initiative, which supports climate change research; the Clinton Global Initiative, which connects entrepreneurs and world leaders to foster new ideas and action; and the Haiti Fund, which aids in the reconstruction of Haiti following the devastating 2010 earthquake.

The foundation’s mission, according to Clinton, is “to alleviate poverty, improve global health, strengthen economies, and protect the environment by fostering partnerships among governments, businesses, nongovernmental organizations, and private citizens.”

Clinton has remained a driving force behind his foundation, which has overseen the distribution of hundreds of millions of dollars to global-minded charitable works from corporations, governments, and individuals. The organization has worked on a variety of issues, including increasing access to HIV/AIDS medications and reducing greenhouse gas emissions.

Books

After releasing his first book, Between Hope and History, prior to the 1996 election, the former president followed it up with a best-selling autobiography, My Life, in 2004. Since then, Clinton has published three more books: Giving (2007), Back to Work (2011), and The President Is Missing (2018), a political thriller co-written with James Patterson.

During a promotional tour for The President Is Missing, Clinton raised eyebrows with his analysis of special counsel Robert Mueller’s investigation into possible collusion between Donald Trump and Russian agents, claiming that a Democratic president in the same situation would face impeachment.

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Recent Years

Clinton was an active participant in Hillary Clinton’s failed 2008 presidential campaign and, later, Barack Obama’s successful presidential campaign.

At the 2012 Democratic National Convention, Clinton expressed his support for Democratic presidential candidates President Barack Obama and Vice President Joe Biden. In his speech at the convention, Clinton stated that he wanted Obama to be the Democratic Party’s standard-bearer, describing him as a president who is “cool on the outside, but burns for America on the inside.” The speech brought Clinton widespread acclaim in the form of favorable news coverage and social-media posts from fans.

Clinton was awarded the Presidential Medal of Freedom in November 2013, the highest civilian honor. According to the White House website, recipients of the medal are chosen for their “meritorious contributions to the security or national interests of the United States, to world peace, or to cultural or other significant public or private endeavors.”

Other notable appearances by the former president include administering the oath of office to New York City Mayor Bill de Blasio in 2014 and eulogizing boxing legend Muhammad Ali in 2016.

Personal Life

Clinton met Hillary Rodham, a bright young Wellesley College graduate who shared his political ambitions, in 1971. The couple met at Yale in 1973 and married two years later in 1975. In 1980, they had their only child, a daughter named Chelsea.

Clinton became a grandfather on September 26, 2014, when his daughter Chelsea gave birth to Charlotte Clinton Mezvinsky. Aidan Clinton Mezvinsky, his second grandchild, was born on June 18, 2016, and Jasper Clinton Mezvinsky, his third grandchild, was born on July 22, 2019.

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Bill Clinton Quotes

We all do better when we work together. Our differences do matter, but our common humanity matters more.

 

There is nothing wrong with America that cannot be cured by what is right with America.

 

If you live long enough, you’ll make mistakes. But if you learn from them, you’ll be a better person. It’s how you handle adversity, not how it affects you. The main thing is never quit, never quit, never quit.

 

Obama doesn’t know how to be President. He doesn’t know how the world works. He’s incompetent. He’s an amateur!

 

A man is more than the sum of all the things he can do.

 

Being President is like being the groundskeeper in a cemetery: there are a lot of people under you, but none of them are listening.

 

People around the world have always been more impressed by the power of our example than by the example of our power.

View our larger collection of the best Bill Clinton quotes.

Further Reading

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