Advertisements
Coattails: Chelsea Clinton, 39, and Marc Mezvinsky, 41, return to work just three months after the birth of their son Jasper (couple above earlier this year)

Months after they welcomed their third child into the world, Chelsea Clinton and her husband Marc Mezvinsky go back to work.

Advertisements

Clinton, who spent weeks before and after birth promoting her new catalog of children's books, is now in the process of developing a TV series based on her popular She Persisted title reports New York.

Mezvinsky now joins the private equity firm TPG, where he becomes part of the newly formed $ 1.6 billion Tech Adjacencies fund.

This marks Mezvinsky & # 39; s return to the workforce, just over a year after he left his post as Vice President of Social Capital, where he spent just over a year.

The Wall Street Journal reports that the Tech Adjacencies Fund & # 39; intends to invest in growing technology companies that are not planning to go public in the short term, but whose founders, employees and early investors may need liquidity & # 39 ;.

It is unclear what his compensation will be, but it is likely to be overshadowed by the income Clinton has taken from her books, performances and some very lucrative board positions.

Coattails: Chelsea Clinton, 39, and Marc Mezvinsky, 41, return to work just three months after the birth of their son Jasper (couple above earlier this year)

Advertisements

Coattails: Chelsea Clinton, 39, and Marc Mezvinsky, 41, return to work just three months after the birth of their son Jasper (couple above earlier this year)

Clinton, 39, took just over $ 600,000 home last year for her work as a director on the boards of IAC and Expedia, according to data obtained by DailyMail.com.

The IAC board met only six times in 2018, while some members of the Expedia board only required two meetings last year.

These two companies are both led by the close friend of the family, Barry Diller, the billionaire businessman and regular partner of designer Diane von Furstenberg, who is often seen when visiting Broadway shows with Chelsea and her parents.

These latest compensation packages also reveal that Chelsea will soon own just over $ 400,000 in Expedia shares and IAC shares, which together amount to an amazing $ 6.3 million from May.

Mezvinsky suffered a huge loss in his own fund in 2016 after trying to bet on the revival of the Greek economy, forcing him to close one of his hedge funds.

He and his partners, former Goldman Sachs colleague & Bennett Grau and Mark Mallon, raised $ 25 million from investors to purchase bank shares and debts from the struggling nation.

Advertisements

Mezvinsky had persuaded customers to pour cash into the struggling European country in the hope that it would jump back and yield huge profits. But after buying up government debt and bank shares, the dramatic upswing he and his partners predicted could not come true and the value of the fund fell by an estimated 90 percent.

Eaglevale Partners was founded in 2011 by Mezvinsky and his partners, with their former boss, Lloyd C. Blankfein, Goldman Sachs CEO, one of the first investors.

Another is the leading financier, Marc Lasry, co-founder of $ 13 billion Avenue Capital hedge fund, where Chelsea worked after graduating from Stanford.

& # 39; I gave them money because I thought they would make me money & # 39 ;, Lasry told The Times last year after he invested $ 1 million in Eaglevale and encouraged a family member to do the same.

Mezvinsky had long since left his job at Goldman in October 2013 when his mother-in-law Hillary was paid to give a speech to company executives at a technology conference in Arizona.

Advertisements

She was reportedly paid $ 225,000 for that appearance.

Mezvinsky and his partners had written to customers in 2014 to explain their confidence in their & # 39; Hellenic Opportunity & # 39; fund and predicted that Greece was moving towards a & # 39; sustainable recovery & # 39 ;.

At that time, they had raised $ 25 million, but stopped taking money by the end of that year when it became clear that the country's economy would collapse without a massive rescue of the euro zone.

Then, in February 2015, Eaglevalle said in a letter to investors that they & # 39; incorrect & # 39; were to bet on Greece and that is why the company had lost money two of the three years before.

The main fund fell 3.6% in 2014, won only 2.06% in 2013 and lost 1.96% in 2012.

Advertisements

But good news for the people who work at the hedge fund, because most funds collect management fees, which means that money comes in, even if funds lose money.

The failure was a huge personal blow for Mezvinsky, who is also the son of political figures, although less well-known than his wife's famous parents.

Chelsea

Chelsea

Marc

Marc

The Grind: Mezvinsky (right while Chelsea enters the hospital prior to her third birth on the left) joins the private equity firm TPG, where he will be part of the newly formed $ 1.6 billion Tech Adjacencies fund

Advertisements

His father, Edward Mezvinsky, represented Iowa & # 39; s 1st congress district in the American House of Representatives for two terms in the 1970s and his mother, Marjorie Margolies, represented Pennsylvania from 1993 to 1995.

Ed Mezvinsky pleaded guilty to 31 criminal fraud allegations in 2001 and spent five years in federal prison after admitting he had ripped off his $ 10 million friends and family in a Ponzi scheme.

His son met Chelsea Clinton during a political retreat when the couple were children and they became lifelong friends. They became romantically involved after her split in 2005 from former boyfriend Ian Klaus, when Mezvinsky & # 39; a shoulder to lean on & # 39; according to Chelsea & # 39; s chief of staff, Bari Lurie.

The couple married in July 2010 and two years later Chelsea revealed their desire to start a family, with Mezvinsky Vogue telling that his wife & # 39; it yin to my yang & # 39; used to be.

They welcomed their first child, Charlotte, in 2014, and the second son Aidan in 2016. Their third child,

Shortly after starting Eagleville, Mezvinsky and Chelsea moved to a $ 10 million apartment in New York City opposite Madison Square Park.

The apartment with four bedrooms and an area of ​​5000 square meters is one of only four houses in the building, which despite its low occupancy rate still has a full-time doorman.

The apartment, whose corridors extend over an entire city block, also has two dishwashers, two washing machines and dryers, dressing rooms with double-sided makeup mirrors and two huge walk-in closets.

In the meantime, the bedrooms look straight into Vera Wang's wedding design studio, who designed Cheslea's dress for her wedding day.

Famous neighbors in the building are NASCAR driver Jeff Gordon and Jennifer Lopez, who paid $ 22 million for the two-story penthouse.

Advertisements

The current value of the apartment is closer to $ 15 million.

Advertisements

. (TagsToTranslate) Dailymail (t) news