What Is Barack Obama’s Net Worth?



The Obamas are worth at least $70 million — take a look at how they make and spend their money

Former President Barack Obama and Michelle Obama are a busy couple.

From speaking at events around the world to writing memoirs and signing a massive production deal with Netflix, the Obamas’ life after the White House has been full and very lucrative.

For her part, Michelle Obama’s memoir, “Becoming,” was published in November 2018 and became that year’s No. 1 best-selling book. And Obama’s latest memoir, “A Promised Land,” sold nearly 890,000 copies within 24 hours of its November 2020 release.

These endeavors — along with the six-figure pension all former presidents receive — have significantly contributed to the Obamas’ net worth, which is at least $70 million, according to International Business Times. The New York Post pegged their fortune much higher, at $135 million.

From philanthropic efforts to vacationing where the sun shines to making long-term investments in his daughters’ education, here’s how the Obamas spend their fortune.

The Obamas entered the White House with a $1.3 million net worth in 2008. That has since grown to at least $70 million, according to International Business Times.

Obamas basketball

From 2005 (when Barack Obama joined the US Senate) to 2016, the Obamas earned a total of $20.5 million from his government salary, book royalties, investment income, and Michelle Obama’s income from her job at University of Chicago Hospitals before she became the first lady.

Barack and Michelle Obama 13

Obama earned $400,000 a year during his eight years as president, and he earns an annual pension of about $200,000 as a former president.

barack obama

The lion’s share of the Obamas’ fortune came from books. From 2005 to 2016, Obama earned $15.6 million in advances and royalties from his books “The Audacity of Hope” and “Of Thee I Sing: A Letter to My Daughters” and royalties for “Dreams From My Father.”

Read more Details at :   https://www.businessinsider.com/barack-obama-michelle-obama-net-worth-2018-7#the-lions-share-of-the-obamas-fortune-came-from-books-from-2005-to-2016-obama-earned-156-million-in-advances-and-royalties-from-his-books-the-audacity-of-hope-and-of-thee-i-sing-a-letter-to-my-daughters-and-royalties-for-dreams-from-my-father-4
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