The Jewish National Fund, a nonprofit group, invited Former President Bill Clinton to speak at the Peres Academic Center in Rehovot later this month to honor the Israeli President Shimon Peres' at his 90th birthday party.
The fee for the 45-minute speech is $500,000, and is set to take place at the birthday celebration of the Israeli leader, according to The Times of Israel.
The fee will not go directly into Clinton's personal bank account; it will instead be paid to the William J. Clinton Foundation.
There will also be no cover charge, and no fundraising, due to public backlash after event organizers sent out invitations requiring them to pay $800 per person to attend.
Clinton is also set to receive the President Medal of Distinction from Peres two days after the birthday party, on the 19th, the highest honor in Israel.
The annual conference is an opportunity for "world leaders, international scholars, activists, poets and scientists, artists and clergy, entrepreneurs, economists, and industrialists, as well as representatives of the next generation of leaders" to come together and discuss economics, the environment, culture, the human condition and more.
Other speakers will include former British Prime Minister Tony Blair, former president of the former Soviet Union Mikhail Gorbachev, and journalist Dana Weiss.
Stephen Hawking announced in May that he would not be attended the events due to political conflicts, after Cambridge University cited health reasons.
This year, the conference will place a special emphasis on "The Human Factor" and will continue the conversation in engaging all realms of society to face change and influence the world's future.
The mission of the William J. Clinton Foundation is "to create sustainable solutions to urgent global challenges, including climate change, increased access to heath care worldwide, economic opportunity, and childhood obesity in the United States."
