One of his biggest deals is his and Michelle’s $65 million advances for his memoir “A Promised Land” from Penguin Random House. ![]() Obama The AuthorĪ highly rated author, Barack Obama has earned millions of dollars off the royalties and advances from his books. These don’t necessarily increase Barack’s income but indirectly contribute to his net worth by decreasing expenses. There are other benefits, such as health care. Now that he’s former President Obama, he earns a pension of approximately $200,000 a year. This means that Obama earned around 3.2 million in compensation during his presidency. Barack Obama with the Dalai Lama.īarack Hussein Obama’s salary was approximately $400,000 per annum. This has allowed Barack Obama to set aside funds for various ventures and investments. The advantage of the president’s salary over the average person’s salary is that the president doesn’t have personal expenses as their home, food, and travel are all essentially paid for. The most significant two are the president’s salary and their pension. There are lots of financial benefits associated with becoming president. ![]() Presidential Benefitsīarack Obama, of course, receives monetary benefits for serving as President of the United States. This list is not exhaustive but includes his most prominent assets. Here are some of the benefits and investments that significantly contribute to the growth of Obama’s net worth. Alongside his wife, First Lady Michelle Obama, he has continuously grown his family’s wealth. Although his time in the White House helped, Obama has now branched into new professions as a writer, speaker, entrepreneur, and more. When President Barack Obama was first elected, his net worth was around 1.3 million. There are a number of factors contributing to his net worth that the average American doesn’t have, including his recent presidency. The average 60-year-old’s net worth in America is roughly $200,000. It is approximately 350 times the average net worth of an American his age. Barack Obama’s Net WorthĪt 60, Barack Hussein Obama’s net worth is reported as $70 million, which interestingly, is considerably less than Nancy Pelosi’s net worth. This isn’t true in every case, and factors such as status or salary can act as a catalyst for a person’s net worth. The older you are, the higher your net worth is likely to be. It can be difficult to determine precisely what debt someone has paid off or what they owe, so net worth typically includes the sum of the value of those investments.Īn individual’s net worth will generally include the value of their businesses, personal homes, other real estate, vehicles, and investments with monetary value. However, we often own assets with more monetary value than we have available in cash.Ī person’s net worth will ideally increase with the number of investments that person makes and the less debt they owe. ![]() People often confuse a person’s net worth with how much money they have. Net worth explains the value of your assets. His investments have consistently grown and contributed to his net worth. Alongside his duties as a father, Obama has continued to grow and invest in the well-being of those around him by developing programs, scholarships, and more that help to increase the chances of success for underserved communities. Michell Obamaįollowing his final term in office, President Barack Obama now spends his time with his wife Michelle and their two daughters. During his term, Obama passed many successful bills aimed at contributing to the financial and health care affordability crisis faced by individuals in the United States. He attended Harvard Law School and served in the Illinois Senate from 1996 before progressing to the United States Senate in 2004. ![]() Obama is recognized as the first African American president and has dedicated his life to making real-world changes. Who Is Barack Obama?īarack Obama is the 44th president of the United States of America and served in office as a Democrat from 2009 to 2017, succeeding George W Bush. Since his two terms in the White House he has substantially grown his net worth.īarack Obama’s current net worth is estimated to be around $70 million. Barack Obama has enjoyed an extremely successful career both inside and outside the political sphere.
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