1997: President Bill Clinton forms a non-profit called the Clinton Foundation.

It starts off with a modest focus on his planned presidential library in Arkansas. But once Clinton’s term as president ends in early 2001, the Clinton Foundation will steadily expand its mission and its size, eventually becoming one of the largest charities in the world. By 2015, it will have raised over $2 billion in donations. Bill Clinton never takes a salary from the foundation, nor does his wife Hillary Clinton. However, the two of them combined will earn over $150 million in speaking fees, often giving speeches discussing the foundation’s work.

A 2015 Washington Post article will comment, “At its heart, the Clinton Foundation is an ingenious machine that can turn something intangible—the Clintons’ global goodwill—into something tangible: money. For the Clintons’ charitable causes. For their aides and allies. And, indirectly, for the Clintons themselves.” (The Washington Post, 6/2/2015)