Clintons to report making $25M for speeches since Jan. '14


Clintons' Personal Wealth Intertwined with Charity

WASHINGTON (AP) — Hillary Rodham Clinton and former President Bill Clinton reported Friday they earned more than $25 million combined in speaking fees since January 2014.

Clinton's presidential campaign reported the income in a personal financial disclosure report filed with the Federal Election Commission. The report, required of every candidate for the White House, also shows Hillary Clinton earned more than $5 million from her 2014 memoirs, "Hard Choices."

The details of the report were described by a Clinton campaign official who spoke on condition of anonymity in order to discuss a report not yet publicly available from the FEC. The report was expected to be released publicly later Friday.

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Clintons to report making $25M for speeches since Jan. '14
FILE WASHINGTON, DC - JAN 6, 1994: President Bill Clinton is escorted by Hillary to a waiting helicopter. The president was leaving for Arkansas after learning of the death of his mother. (Photo by Margaret Thomas/The Washington Post via Getty Images)
US Secretary of State Hillary Clinton (L) and US President barack Obama (R) are greeted by Myanmar pro-democracy leader Aung San Suu Kyi (C) at her residence in Yangon on November 19, 2012 . Obama arrived in Myanmar for a historic visit aimed at encouraging a string of dramatic political reforms in the former pariah state. AFP PHOTO / Nicolas ASFOURI (Photo credit should read NICOLAS ASFOURI/AFP/Getty Images)
US Secretary of State Hillary Clinton (L) looks on as US President Barack Obama (2nd L) speaks during a bilateral meeting with Japanese Prime Minister Yoshihiko Noda (2nd R) on the sidelines of the East Asian Summit at the Peace Palace in Phnom Penh on November 20, 2012. During the two-day East Asia Summit in Phnom Penh, Obama was scheduled to hold talks with the leaders of the 10-member Association of Southeast Asian Nations (ASEAN) along with Chinese Premier Wen Jiabao and Japan's Yoshihiko Noda. AFP PHOTO / Jewel Samad (Photo credit should read JEWEL SAMAD/AFP/Getty Images)
US President Barack Obama and Secretary of State Hillary Clinton board Air Force One at the airport in Yangon on November 19, 2012. Huge crowds greeted Barack Obama in Myanmar on the first visit by a serving US president to the former pariah state to encourage a string of startling political reforms. AFP PHOTO/Jewel Samad (Photo credit should read JEWEL SAMAD/AFP/Getty Images)
US President Barack Obama(2nd-L), First Lady Michelle Obama(L) along with former president Bill Clinton(3rd-L) and former secretary of state Hillary Clinton(4th-L) take part in a wreath-laying ceremony in honour of the late 35th president of the US John F. Kennedy at Kennedy's gravesite in Arlington National Cemetery on November 20, 2013 in Arlington, Virginia. AFP PHOTO/Mandel NGAN (Photo credit should read MANDEL NGAN/AFP/Getty Images)
BERLIN, GERMANY - JULY 06: Copies of the German translation of the book 'Hard Choices' ('Entscheidungen' in German) by Hillary Rodham Clinton, former United States Secretary of State, U.S. Senator, and First Lady of the United States, stand on display at the Staatsoper in the Schiller Theater on July 6, 2014 in Berlin, Germany. (Photo by Adam Berry/Getty Images)
BERLIN, GERMANY - JULY 06: Hillary Rodham Clinton, former United States Secretary of State, U.S. Senator, and First Lady of the United States, speaks during the presentation of the German translation of her book 'Hard Choices' ('Entscheidungen' in German) at the Staatsoper in the Schiller Theater on July 6, 2014 in Berlin, Germany. (Photo by Adam Berry/Getty Images)
AUSTIN, TX - JUNE 20: Hillary Rodham Clinton appears on stage during 'A Conversation With Former Secretary of State Hillary Rodham Clinton' at the Long Center on June 20, 2014 in Austin, Texas. (Photo by Gary Miller/Getty Images)
BERLIN, GERMANY - JULY 06: Hillary Rodham Clinton, former United States Secretary of State, U.S. Senator, and First Lady of the United States (R), speaks next to Christoph Amend, editor in chief of Zeit Magazin, during the presentation of the German translation of her book 'Hard Choices' ('Entscheidungen' in German) at the Staatsoper in the Schiller Theater on July 6, 2014 in Berlin, Germany. (Photo by Adam Berry/Getty Images)
EAST HAMPTON, NY - AUGUST 16: Hillary Rodham Clinton signs copies of her book 'Hard Choices' at BookHampton on August 16, 2014 in East Hampton, New York. (Photo by Sonia Moskowitz/Getty Images)
OAKLAND, CA - JULY 23: Former Secretary of State Hillary Clinton speaks during a during a round table event to launch the 'Talking is Teaching: Talk Read Sing' campaign at the Children's Hospital Oakland Research Institute on July 23, 2014 in Oakland, California. Former Secretary of State Hillary Clinton launched the 'Talking is Teaching; Talk Read Sing' campaign in partnership withToo Small to Fail and the Bill, Hillary and Chelsea Foundation that encourages parents and caregivers to close the word gap by talking, singing and reading to children every day from the birth. (Photo by Justin Sullivan/Getty Images)
NEW YORK, NY - JANUARY 06: Former president of United States (US) Bill Clinton (R) and his wife, former US Secretary of State Hillary Clinton (L), leave St. Ignatius Loyola Church after the funeral of former three-term governor Mario Cuomo on January 6, 2015 in New York City. (Photo by Selcuk Acar/Anadolu Agency/Getty Images)
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While Clinton has begun her second campaign for president by casting herself as a champion for middle-class voters, she's long draw criticism from Republicans about the wealth she and Bill Clinton have amassed since he left the White House. That includes their ability to command six-figure fees for delivering speeches. The finances behind the family's charitable foundation have also generated scrutiny because of its acceptances of donations from foreign governments.

During last year's book tour, Clinton told an interviewer that her family was "dead broke" when they left the White House, which Republicans said showed a lack of understanding of the needs of typical families.

Liberals have also questioned whether Clinton is too closely tied to Wall Street, pointing to her days representing New York in the U.S. Senate. They are also wary she might not aggressively seek to regulate the nation's financial industry and serve as an adequate bulwark against economic inequality.

The campaign official said the FEC filing will show that the couple earned more than $25 million for more than 100 paid speeches between January 2014 and May 2015. That would represent an average fee of about $250,000 per speech.

The report will also list assets of between $5 million and $25 million in a mutual fund managed by Vanguard that the Clintons set up in the past year. The couple did not earn any capital gains during the period and paid an effective tax rate of more than 30 percent in the 2014 tax year, the official said.

Clinton last filed a financial disclosure report during her final year as Secretary of State in 2012, when she reported that her and her husband's wealth was estimated between $4 million and $20 million.

Much of that income came from the lucrative speeches and appearances made by Bill Clinton around the world. A recent Associated Press review of the Clintons' disclosures and State Department records found that Bill Clinton had been paid at least $50 million for his appearances between 2009 and 2012, the four years that Hillary Clinton served as the nation's top diplomat.

Federal candidates are required to file personal financial disclosures within 30 days of announcing their candidacy or on May 15. Several Republican candidates in the race filed a request for an extension to those deadlines.

Each disclosure form lists candidates' assets and liabilities, and provides a snapshot of their annual income. But federal rules allow those figures to be reported in wide ranges instead of specific amounts — allowing candidates, for example, to report a large asset as worth between $1 million and $5 million.

Any income exceeding $200 has to be reported and most assets worth more than $1,000 at the end of a calendar year must be disclosed.

Assets can include bank accounts, real estate, insurance plans, stock and securities holdings. Liabilities can include loans, mortgages and other debts.

Annual income includes not only salaries, but also stock, securities and real estate profits, interest, book profits and speeches and other honoraria.

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