Marc Mezvinsky lands job after a year of unemployment while wife Chelsea Clinton is off to Hollywood

Months after welcoming their third child into the world, Chelsea Clinton and her husband Marc Mezvinsky are heading back to work.

Clinton, who spent the weeks before and after giving birth promoting her new catalogue of children’s books, is now in talks to start developing a TV series based on her popular She Persisted titles reports New York. 

Mezvinsky meanwhile is joining the private equity firm TPG where he will be part of the newly formed $1.6 billion Tech Adjacencies fund.

This marks Mezvinsky’s return to the workforce, a little over one year after he left his post as vice chairman of Social Capital, where he spent a just over a year.

The Wall Street Journal reports that the Tech Adjacencies fund ‘aims to invest in growing technology companies that don’t plan to go public in the near term but whose founders, employees and early investors may need liquidity.’ 

It is unclear what his compensation will be, but it will likely be dwarfed by the income Clinton has rolling her way from her books, appearances, and some highly lucrative board positions. 

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

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

The IAC board met just six times in 2018, while some members of the Expedia board were only obligated to attend two meetings last year. 

Those two companies are both headed up by the family’s good friend Barry Diller, the billionaire businessman and longtime partner of designer Diane von Furstenberg, who is often spotted attending Broadway shows with Chelsea and her parents.

These latest compensation packages also reveal that Chelsea will soon own just over $400,000 of Expedia stock and shares in IAC that add up to an astonishing $6.3 million as of May. 

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

He and his partners, former Goldman Sachs colleagues Bennett Grau and Mark Mallon, raised $25million from investors to buy up bank stocks and debt from the struggling nation.

Mezvinsky had persuaded clients to pour cash into the struggling European country in the hope it would bounce back and deliver massive profits. But after buying up government debt and bank stock, the dramatic upturn he and his partners predicted failed to materialize and the fund’s value plunged by an estimated 90 percent. 

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

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

‘I gave them money because I thought they would make me money,’ Mr Lasry told The Times last year, after investing $1 million in Eaglevale and urging a relative to do the same.

Working mom: Chelsea Clinton is seen coming out of her New York apartment on September 30

Working mom: Chelsea Clinton is seen coming out of her New York apartment on September 30

Mezvinsky was long gone from his job at Goldman in October 2013 when his mother-in-law Hillary was paid to give a speech to executives at the company during a technology conference in Arizona.

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

Mezvinsky and his partners had written to clients in 2014 to declare confidence in their ‘Hellenic Opportunity’ fund, predicting that Greece was on the path to a ‘sustainable recovery’.

By that point they had collected $25 million but stopped taking money by the end of that year when it became clear the country’s economy would collapse without a massive Eurozone bailout.

Then, in February 2015,  Eaglevalle said in a letter to investors that year that they had been ‘incorrect’ to bet on Greece and that is why the company had lost money two of the three years prior.

The main fund dropped 3.6% in 2014, gained just 2.06% in 2013 and lost 1.96% in 2012.

But good news for the people working at the hedge fund, as most funds collect management fees meaning money comes in even if funds lose money.

The failure was a huge personal blow to Mezvinsky, who is also the son of political figures, albeit less well known that his wife’s famed parents.



The grind: Mezvinsky (right with Chelsea going into hospital ahead of her third birth on left) is joining the private equity firm TPG where he will be part of the newly formed $1.6 billion Tech Adjacencies fund

His father, Edward Mezvinsky, represented Iowa’s 1st congressional district in the U.S. 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 charges of felony fraud in 2001 and spent five years in federal prison after he admitted scamming his friends and family out of $10 million in a Ponzi scheme. 

His son met Chelsea Clinton at a political retreat when the pair were children and they became lifelong friends. They became romantically involved after her 2005 split from ex-boyfriend Ian Klaus, when Mezvinsky became ‘a shoulder to lean on’, according to Chelsea’s chief of staff, Bari Lurie.

The pair married in July 2010 and two years later Chelsea revealed their desire to start a family, with Mezvinsky telling Vogue his wife was ‘the yin to my yang’.

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

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

The four-bedroom, 5,000-square-foot apartment is one of only four residences in the building, which despite the low occupancy rate still has a full-time doorman.

The apartment, whose hallways stretch a full city block, also has two dishwashers, two washer and dryers, dressing rooms with double-sided vanity mirrors, and two massive walk-in closets.

The bedrooms meanwhile face right into Vera Wang’s bridal design studio, who designed Cheslea’s dress for her wedding day.

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

The apartment’s current value is closer to $15million.