Marc Mezvinsky Marries Chelsea Clinton

Marc Mezvinsky, a 32-year-old investment banker employed by 3G Capital Management, married Chelsea Clinton in a lavish ceremony held at Rhinebeck, New York on Saturday, July 30, 2010. The wedding took place at Astor Courts, the John Jacob Astor IV estate on the Hudson River 100 miles north of New York City, where the newlyweds live and work.

Some sources estimate that the ceremony cost Chelsea's parents, former President Bill Clinton and Hillary Clinton, the U.S. Secretary of State, as much as $5 million. The cake reportedly set Billary back ten grand.

Chelse, a Methodist, and Mezvinsky, a Jew, were married in an inter-faith ceremony presided over by a rabbi and a minister. There were between 400 and 500 guests, which is small for a big society wedding. In order to keep the attention focused on Chelsea and Marc, many heavy-weight "Friends of Bill" were not invited. Among the well-known people who were in attendance were former Secretary of State Madeleine Albright, billionaire Warren Buffett (the third richest man in the world, according to Forbes Magazine), and Cheers star Ted Danson and his wife, Oscar-winner Mary Steenburgen, both long-standing FOBs.

A native of Arkansas, Steenburgen has known Bill and Hillary Clinton since he was governor of the Razorback State. Rumored attendees Barbra Streisand, Steven Spielberg and Oprah Winfrey did not show up.

Millionaire

Marc Mezvinsky, who previously worked for Goldman Sachs, a colossus of Wall Street likely, is a mulit-millionaire, as he purchased a three-bedroom apartment on Fifth Avenue in Manhattan in 2008 for $4 million. Being part of Goldman Sach's now notorious bonus pool, which was financed by taxpayer dollars since the great Wall Street Bail Out, he likely made out like a bandit financially.

According to the New York Times, Mezvinsky and Chelsea's digs have views of the Flatiron Building and Madison Square Park.

Mezvinsky has known 30-year-old Chelsea Clinton (b. February 7, 1980) since they were both teenagers in Washington, D.C. in the early 1990s. Both of his parents served in the U.S. House of Representatives.

Father

Marc's father, Edward Mezvinsky, was a two-term Congressman representing Iowa's 1st Congressional district between 1973 and 1977. He later served on t the United Nations Commission on Human Rights during the Carter Administration.

Edward Mezvinsky divorced his first wife and married Marc's mother, the TV journalist Marjorie Magolies, in 1976. The couple moved to the Philadelphia suburbs where they raised a family. Marc was their first child.

Ed Mezvinsky ran for the Democratic nomination for U.S. Senate in 1980, but lost. Eventually, he rose to become chair of the Keystone State's Democratic State Committee. HIs bid for the office of attorney general of the Commonwealth of Pennsylvania failed in 1988 when he lost in the general election. In 1990, his bid for the Democratic nomination for lieutenant governor also failed.

Mother

Marjorie Margolies-Mezvinsky took up the family's political cudgels and was elected to represent Pennsylvania's 13th Congressional District in 1992. Republican Jon D. Fox, whom she beat by 1,400 votes in 1992, defeated her in 1994, the year of the Newt Gingrich-engineered "Contract With America" campaign that put the GOP in control of the House for the first time in 40 years.

The pro-Clinton camp disingeuously tried to spin Margolies-Mezvinsky's defeat in 1994 as the result of her "courageously" providing a vote for Bill Clinton's economic agenda, but that is a untrue and was an attempt to divert media attention away from Marc Mezvinsky's jail-bird dad. She barely won in 1992, and marginal candidates often are defeated when they are up for reelection.

Margolies-Mezvinsky had no chance of surviving the Republican Revolution, which was fueled by a backlash against Democratic corruption that had festered after the Party had controlled the House for 40 years. The "courageous Congresswoman" story was just part of the spin engaged in a daily basis by the Clinton family, a caste of professional politicians.

Ironically, Newt Gingrich and President Bill Clinton would later become allies in gutting financial services industry regulation.

Margolies-Mezvinsky's one term in Congress coincided with the first two years of the Clinton Administration. In 1998, she won the Democratic nomination for lieutenant governor of Pennsylvania but was defeated. In their lust for the second spot in Keystone State government, they were two-time losers. Her bid for the 2000, Democratic nomination for the U.S. Senate was derailed when her husband's shaky business deals were revealed. They went into bankruptcy and she withdrew from the race.

It Runs in the Family

Edward Mezvinsky was convicted of fraud for shady business deals that had prosecutors calling him a "one-man crime wave." Prosecutors claimed that in 20 years of doing business between 1980 and 2000, every single deal he consummated displayed aspects of fraud. After his indictment in 2001, he pleaded guilty to 31charges of bank fraud, mail fraud, and wire fraud. He tried to raise a defense of diminished capacity due to his suffering from bipolar disorder, but the judge disallowed it.

His rip-off of almost $10 million got him seven years in the hoosegow. Ed Mezvinsky got out of the federal lock-up in 2008. By then, his son Marc was dating Chelsea Clinton. Both children of politicos attended Stanford University in Palo Alto, California, where they studied finance. They became friends at Stanford, and the friendship ripened into a romance sometime around 2007.

Post-Palo Alto, while Marc decided to enter the more venerable profession of investment banking, Chelsea opted to join a hedge funds.She eventually got a job with the Avenue Capital Group, a major campaign donor for both her parents.