Have you ever wondered how much former President Barack Obama is worth? It’s not something that people often talk about, but the answer might surprise you. Despite being a public figure for decades and having access to some of the most lucrative opportunities in the world, his net worth isn’t as high as you might think. In this post, we’ll delve into Obama’s wealth and explore how he accumulated it over the years. Get ready to uncover some surprising facts about one of America’s most beloved leaders!
Introduction: Who is Barack Obama?
As one of the most influential political leaders in recent memory, it’s no surprise that people are interested in Barack Obama’s net worth. While his exact net worth is unknown, we can take a look at some of the factors that contribute to it.
Barack Obama was born in 1961 in Hawaii to Ann Dunham and Barack Obama Sr. He later moved to Indonesia with his mother and stepfather, attending school there for a time before returning to Hawaii to finish high school. He then attended Occidental College in Los Angeles for two years before transferring to Columbia University in New York City, where he graduated with a degree in political science.
Obama began his career as a community organizer in Chicago, working on issues such as housing and education reform. He later attended Harvard Law School, where he became the first African American president of the Harvard Law Review. After graduating from law school, Obama returned to Chicago to practice law and teach constitutional law at the University of Chicago Law School.
In 2004, Obama was elected to the U.S. Senate from Illinois, becoming the only African American senator at that time. He was re-elected in 2008 and 2012. In 2009, Obama was inaugurated as the 44th President of the United States, becoming the first African American to hold that office. He served two terms as president, leaving office in 2017.
Since leaving office, Obama has been active on the speaking circuit and has written two books: a memoir entitled A Prom
|Real Name||Barack Hussein Obama II|
|Birth Place:||Kapiʻolani Medical Center for Women & Children, Honolulu, Hawaii, United States|
|Date Of Birth/Birthday:||4 August 1961|
|Age/How Old:||61 years old|
|Height/How Tall:||In Centimetres – 187 cm
In Feet and Inches – 6′ 2″
|Weight:||In Kilograms – 79 kg
In Pounds – 173 lbs.
|Eye Colour:||Dark brown|
|Presidential term:||20 January 2009 – 20 January 2017|
|Education:||Harvard Law School, Columbia College (New York), Occidental College, Punahou School, State Elementary School Menteng 01, St. Francis of Assisi Catholic School, St. Francis of Assisi Catholic School|
|Kids/Children Name:||Malia Ann Obama, Sasha Obama|
|Profession:||44th U.S. President|
|Net Worth:||$70 Million|
Barack Obama’s Biography and Background
Barack Obama was born on August 4, 1961, in Honolulu, Hawaii to Barack Obama Sr. and Ann Dunham. His parents met while attending the University of Hawaii at Manoa, where his father was studying on a Fulbright Scholarship and his mother was a student at the nearby Punahou School. They married in February 1961 and Barack was born six months later.
His father left the family when Barack was just two and returned to Kenya, where he worked as a government economist. His mother remarried an Indonesian man named Lolo Soetoro and the family moved to Jakarta when Barack was six. He attended local Indonesian schools before returning to Hawaii to attend Punahou School from fifth grade through his high school graduation in 1979.
After high school, Obama attended Occidental College in Los Angeles for two years before transferring to Columbia University in New York City, where he graduated with a degree in political science in 1983. He then worked as a community organizer in Chicago before attending Harvard Law School, where he graduated magna cum laude with a Juris Doctor degree in 1991.
How Did He Earn His Wealth?
In 2008, Barack Obama earned a salary of $4.2 million as a result of his books sales and speaking engagements. His total net worth is estimated to be around $12 million. The majority of Obama’s wealth comes from his best-selling books, which include “Dreams from My Father” and “The Audacity of Hope.” He has also earned millions through his speaking engagements, both before and after he became president. In addition to his income from these sources, Obama also earns money from investments, including those made during his time in the Senate.
What is Barack Obama’s Net Worth?
President Barack Obama’s net worth is an estimated $12 million. This includes his salary as president, book sales, and investments.
Obama’s salary as president is $400,000 per year. He also receives a $50,000 expense account, a $100,000 nontaxable travel account, and a $19,000 entertainment allowance. In addition to his salary, Obama receives royalties from his two books, Dreams from My Father and The Audacity of Hope. These book sales have earned him an estimated $5 million.
Obama has investments that are worth between $1.3 million and $5.8 million. His largest investment is in UBS AG stock, which is worth between $250,000 and $500,000. He also has investments in Coca-Cola Co., Johnson & Johnson, JPMorgan Chase & Co., TREA-1K Treasury Inflation Protected Securities Fund, and Vanguard 500 Index Fund Admiral Shares. All told, these investments are worth between $1 million and $5 million.
|Net Worth:||$70 Million|
|Salary:||$5 Million +|
|Monthly Income:||$0.5 Million +|
|Date of Birth:||August 4, 1961|
|Height:||1.87 m. (6’ 2”)|
|Weight:||79 kg or 173 lbs|
|Profession:||44th U.S. President|
Barack Obama’s Assets and Investments
In 2015, Barack Obama had an estimated net worth of $12.2 million. Most of his wealth came from his book sales and investments. He made approximately $1.4 million from his two books, Dreams from My Father and The Audacity of Hope. His investment portfolio was valued at around $5 million and included holdings in companies such as Exxon Mobil, JPMorgan Chase, and Procter & Gamble. Obama also had a retirement account with the state of Illinois worth around $1 million.
While Obama’s net worth is modest compared to other wealthy politicians, it is still significant given his relatively short time in the public eye. In 2001, Obama’s net worth was just $215,000. His wealth increased significantly over the next few years as he became a successful author and politician. By 2007, his net worth had reached $2 million. This increase continued throughout his time in office, culminating in his current net worth of $12.2 million.
The majority of Obama’s wealth comes from his book sales and investments. His investment portfolio is diversified and includes holdings in some of the world’s largest companies. He also has a retirement account with the state of Illinois which will provide him with a comfortable income after he leaves office. Obama’s net worth provides him with a solid financial foundation that will support him and his family for many years to come.
What Does He Do With His Money?
It is no secret that Barack Obama has a lot of money. In fact, he is one of the richest presidents in American history. So, what does he do with all of his money?
The answer may surprise you. While Obama does donate a significant amount of money to charity, he also invests heavily in stocks and real estate. He has even made some smart investments in tech companies like Uber and Airbnb.
So, how much is Barack Obama really worth? According to Forbes, his net worth is $40 million. That may not sound like a lot compared to some other billionaires out there, but it’s still pretty impressive.
It is clear that Barack Obama has had a successful career and continues to maintain his prosperity. His net worth of over $40 million shows just how much he has achieved throughout the years, from his time as president of the United States to his current endeavors in business and philanthropy. For anyone looking for an example of success, Barack Obama is definitely one person to learn from. He serves as inspiration for all those who strive for financial freedom, no matter their background or political affiliations.