There is no doubt that Barack Obama has done very well financially since he left the White House. The first part of the former president’s book, “A Promised Land,” came out in November 2020.
By December 2020, it had sold 3.3 million copies, making it one of the best-selling political autobiographies ever. Obama and Michelle Obama, who used to be the first lady, have also signed deals for books, podcasts, and a big money-making deal with Netflix.
What is Barack Obama’s salary and net worth?
Barack Obama is an American leader who is worth $70 million. That’s how much he and his wife Michelle Obama are worth together. They were not very rich for most of their adult lives. They first became rich around 2005, when Barack became famous in politics and earned royalties from his books.
He is the 44th President of the United States and used to be a Senator from Illinois. Barack Obama was the first African American President of the United States. He was in the Illinois Senate for one term. Obama graduated from Harvard Law School and was the first African American head of the Harvard Law Review before he ran for office.
His first job after graduation was as a civil rights lawyer. He then taught constitutional law at the University of Chicago Law School. From 1997 to 2004, he was a member of the Illinois State Senate, which was his first job in politics.
He worked on bills about healthcare, education, and ethics change while he was in the state legislature. He became famous all over the country with his speech at the 2004 Democratic National Convention. This made it possible for him to be elected to the U.S. Senate later that same year.
Barack Obama’s Career Journey
Barack Obama’s career journey has been remarkable, taking him from community organizer in Chicago to the 44th President of the United States:
Early Life and Education
- Born in 1961 in Honolulu, Hawaii to a Kenyan father and an American mother
- Attended Occidental College in Los Angeles for two years, then transferred to Columbia University in New York City, graduating in 1983 with a B.A. in political science
- Worked at the Business International Corporation and New York Public Interest Research Group after college
- Moved to Chicago in 1985 to work as a community organizer for three years
- Attended Harvard Law School, graduating magna cum laude in 1991 and becoming the first African American president of the Harvard Law Review
Early Political Career
- Worked as a civil rights lawyer and lecturer at the University of Chicago Law School in the early 1990s
- Organized Project Vote, a voter registration drive that helped Bill Clinton win Illinois in 1992
- Elected to the Illinois State Senate in 1996, serving until 2004
- Elected to the U.S. Senate in 2004, becoming the fifth African American senator in history
Presidency
- Announced presidential campaign in February 2007, won Iowa caucus in January 2008
- Nominated as the first African American presidential candidate of a major party in August 2008
- Elected 44th President in November 2008, took office January 20, 2009
- Re-elected in 2012, served two terms until January 2017
Barack Obama’s journey took him from humble beginnings in Hawaii to the highest office in the land, becoming the first African American U.S. President. Along the way, he built an impressive resume as a community organizer, civil rights lawyer, state legislator, and U.S. Senator before achieving his historic election in 2008.
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Barack Obama’s assets, cars, houses
Barack Obama has accumulated significant wealth since leaving the presidency in 2017 through book deals, speaking engagements, and a production deal with Netflix:
Net Worth and Income
- Obama’s net worth is estimated to be around $70 million.
- He earned $6.8 million from his memoir “Dreams from My Father” and $8.8 million from “The Audacity of Hope” and a children’s book.
- His most recent book “A Promised Land” sold nearly 890,000 copies in the U.S. and Canada within 24 days of its release in November 2020.
- The Obamas signed a 50 million dollar annual deal with Netflix to produce a diverse mix of content including series, documentaries, and feature films.
- Between 2005 and 2016, the couple earned an impressive $20.5 million.
Real Estate
- The Obamas own a $20 million mansion in Chicago, a beachfront property on Martha’s Vineyard in Massachusetts valued at $11.75 million, and a home in Washington D.C. that they purchased for $8.1 million.
- Their Martha’s Vineyard home is a 6,892 square-foot mansion on nearly 30 secluded acres with 7 bedrooms, 8.5 baths, a two-car garage, a detached barn, a large pool, a boat house, a private beach, and a pond.
Cars
- Before becoming president, Obama was seen driving a 2005 Chrysler 300C and a Ford Escape Hybrid.
- As president, he was driven in armored Chevrolet Suburbans provided by the Secret Service that cost around $3.6 million each.
In summary, through lucrative book deals, speaking fees, and business ventures, Barack Obama has amassed a personal fortune estimated at $70 million and owns several multi-million dollar homes, though details of his car collection are limited. His post-presidency lifestyle reflects the financial success he has achieved since leaving office.
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