Couple Has Raised More Than $1 Billion in Two Decades; Republicans Worry of Early Lead in 2016
Bill and Hillary Clinton helped raise more than $1 billion from U.S. companies and industry donors during two decades on the national stage through campaigns, paid speeches and a network of organizations advancing their political and policy goals, The Wall Street Journal found.
Those deep ties potentially give Mrs. Clinton a financial advantage in the 2016 presidential election, if she runs, and could bring industry donors back to the Democratic Party for the first time since Mr. Clinton left the White House.
Republicans, while capable of raising similar sums, worry the Clintons will take an early lead in the next presidential race, which is expected to total well above the $2 billion spent in 2012.
“Clinton Inc. is going to be the most formidable fundraising operation for the Democrats in the history of the country. Period. Exclamation point,” said Rick Hohlt, a lobbyist and fundraiser for Republican Party presidential candidates. “It sure causes concern.”
The Journal tallied speaking fees and donations to Mr. Clinton’s 1992 and 1996 presidential campaigns; the Democratic National Committee during Mr. Clinton’s eight years in the White House; Mrs. Clinton’s bids for Senate and president; and the family’s nonprofit entity—The Bill, Hillary and Chelsea Clinton Foundation.
The Journal was aided by the Center for Responsive Politics, a nonpartisan group that tracks election contributions. The center provided an industry breakdown of campaign donations.
Finding an exact total is difficult because the Clintons aren’t required to make public any details about donations to their foundation. They voluntarily report donor names, however, and donation amounts within broad ranges.