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Examining specific examples within the cabinet provides concrete evidence of this wealth accumulation. Former Secretary of State Hillary Clinton, for instance, saw her net worth grow substantially through book deals and paid speeches, generating millions in income after leaving the State Department. Similarly, Treasury Secretary Jack Lew, whose net worth was tied up heavily in his holdings in financial institutions like Citigroup and Goldman Sachs, benefited from the rising value of these assets as the economy recovered. Even those who entered public service with more modest means saw their net worth expand during their tenure through savvy investments and the accrual of valuable professional credentials that command high prices in the private market.
Another major strategic move that defined their business model and bolstered their net worth was their pivot into podcasting. The "Frenemies" podcast, co-hosted with his wife Hila, became an incredibly popular venture. Available on platforms like Spotify, the podcast generated revenue through a dual system of direct listener support via paid subscriptions on platforms like Patreon and traditional advertising. This platform allowed them to engage with their audience on a more personal level, fostering a dedicated community willing to pay for exclusive content and early access. This subscription model provided a direct and recurring income stream that was incredibly valuable for forecasting and stabilizing their net worth in 2021.
