What is Barack Obama’s net worth?
| net worth: | $70 million |
|---|---|
| age: | 62 |
| date of birth: | August 4, 1961 |
| gender: | male |
| high: | 1.85 m (6 ft 1 in) |
| country of origin: | USA |
| Source of wealth: | 44th President of the United States |
| Last updated: | July 29, 2024 |
introduce
Barack Obama is an American politician and former President of the United States with an estimated net worth of $70 million.
Obama was born in Hawaii and was raised primarily by his mother. He is also a graduate of Harvard Law School and a former lecturer there. In 2009, he won the Nobel Peace Prize and remains one of the few presidents to have won the award.
Quick Facts
- Barack Obama’s net worth is estimated to be $70 million.
- 44th President of the United States.
- He was born in Hawaii and was raised primarily by his mother.
- A graduate of Harvard Law School, he was a lecturer at the university.
- Nobel Peace Prize Laureate (2009)
- His income comes mainly from book sales, speaking fees, and media deals with companies such as Netflix.
- Like Michelle, Barack has many philanthropic interests and inspires young people
early life
Barack Hussein Obama was born on August 4, 1961, in Honolulu, Hawaii, where he grew up.
However, Obama spent one year of his childhood in Washington state. In 1964, his parents divorced and his father moved to Kenya. In 1965, his mother remarried and they moved to Indonesia, where they lived for four years. In 1971, Obama returned to Honolulu to live with his maternal grandparents, where he attended Punahou School and graduated in 1979.
Over the years, he has discussed and reflected at length on how he deals with social perceptions related to his multicultural background. After high school, his educational pursuits involved some moving. By 1981, he had completed his freshman and sophomore years at Occidental College in Los Angeles.
He then attended Columbia University in New York City as a junior and senior, graduating in 1983. In 1988, Obama entered Harvard Law School, graduating in 1991.
Profession
After graduating from college, Obama taught constitutional law at the University of Chicago Law School for twelve years. From 1992 to 1996, he taught constitutional law first as a lecturer and later as a senior lecturer.
While working in college, he joined the large law firm of Miner Barnhill and Galland, where he worked as a civil rights attorney specializing in civil rights litigation, including economic development.
In 2005, Obama became a senator from Illinois and won 70% of the vote in the 2004 election. During his tenure as senator, he co-sponsored two initiatives, the Secure America and the Orderly Immigration Act. In late 2006 and early 2007, he began to leave office to prepare for his presidential campaign.
In early January 2009, Barack Obama was sworn in as the 44th President of the United States, serving two terms until 2017. When he was elected, he was the first African-American President and the only African-American President in history. Within 100 days of taking office, he ordered the closure of the Guantánamo Bay prison.
The first law Obama signed was the Lilly Ledbetter Fair Pay Act of 2009, which changed the statute of limitations for equal pay lawsuits.
During his presidency, Obama worked fearlessly to secure and support legislation that further protected LGBTQ rights, including a crime prevention bill and his support for legalizing same-sex marriage.
He commuted the sentences of 330 nonviolent drug offenders on his last day in the Oval Office and commuted the sentences of more than 1,500 people, including Chelsea Manning.
Source of income
According to a recent Forbes article, the Obamas have a combined net worth of $135 million. The majority of their wealth comes from book deals and speaking engagements. Since leaving the White House, the couple has earned millions of dollars from book deals and speaking engagements.
Barack Obama’s first book, Father’s Dreamwhich was published in 1995 and became a bestseller. He has since published two more books: Audacity of Hope 2006 and The Promised Land 2020. According to Forbes, these three books alone earned the Obamas $15 million.
In addition to book revenue, the Obamas have made millions through speaking engagements. It is estimated that Barack Obama charges between $200,000 and $400,000 per speech, while Michelle Obama charges between $100,000 and $250,000 per speech. The Obamas delivered a joint keynote address at the 2018 AIA Architecture Conference in New York City, where they reportedly earned $500,000.
Soon after leaving office, they reportedly signed a $65 million joint book deal with Penguin Random House. In addition to being well paid for speaking engagements around the world, they also signed a multi-year deal with Netflix to produce films and TV series for the streaming service. Terms of the deal have not been disclosed, but it is estimated to be worth around $50 million.
So you see! The Obamas are doing really well after leaving the White House. Their net worth is now estimated to be around $140 million, a significant increase from when Barack first took office as president in 2009 (when it was just $1.3 million).
Obama Real Estate – Barack Obama’s Net Worth
The Obamas are definitely not your average American family when it comes to real estate. The former president and first lady have amassed quite a bit of real estate over the years, with properties in Washington, D.C., Chicago, New York City, and Hawaii.
In 2005, Barack and Michelle Obama purchased their first home, a modest apartment in Chicago’s Hyde Park neighborhood for $1.65 million. They lived there until they moved into the White House in 2009. In 2017, they purchased an 8,200-square-foot mansion in Washington, D.C.’s Kalorama neighborhood for $8.1 million.
The Obamas also own a vacation home on Martha’s Vineyard, which they purchased for $11.75 million in 2019. Last but not least, they own a stake in a luxury apartment building on Manhattan’s Upper West Side, which is valued at over $35 million.
Philanthropy
When it comes to philanthropy, President Obama is no slouch. Over the years, he has donated millions of dollars to charity, and his foundation, the Obama Foundation, has raised hundreds of millions for charitable causes.
Some of the organizations that have benefited from Barack Obama’s philanthropy include the Boys & Girls Clubs of America, the Clinton Foundation, the African Leadership Academy, and My Brother’s Keeper. In addition, Obama has donated to support education initiatives, health care reform, and disaster relief efforts.
Barack Obama is one of the most generous figures in politics, as evidenced by his philanthropy, and he has used his platform and influence to change the lives of millions of people around the world.
emphasize
Here are some highlights from Barack Obama’s career:
- NAACP Image Award – 2005 Chairman’s Award
- Grammy Award for Best Spoken Word Album Father’s Dream
- In 2007, he received the NAACP Image Award for Outstanding Literary Work
- The 2008 Grammy Award for Best Spoken Word Album was for Audacity of Hope
- 2009 Nobel Peace Prize
- 2017 John F. Kennedy Courage Award
- Obama also received honorary Doctor of Laws degrees from 14 universities.
Barack Obama’s Favorite Quotes
“Our biggest problem right now is politics, and we can’t even get past football.” – Barack Obama
“America is not Congress. America is not Washington. America is the striving immigrant who starts a business or the mother who works two low-paying jobs to give her children a better life. America is the union leaders and CEOs who put aside their differences to make this economy stronger.” — Barack Obama
“Change will not come if we wait for some other person or some other time. We are the people we wait for. We are the change we seek.” – Barack Obama
“If you’re on the right track and you’re willing to keep going, eventually you’ll make progress.” –Barack Obama
“I believe that when you spread wealth around, everybody benefits.” –Barack Obama
“You know, my faith allows for doubt.” – Barack Obama
Check out our collection of more of the best Barack Obama quotes!
Summary
Barack Obama is one of the most memorable presidents of the United States. He brought about great changes during his two terms in office. Obama is still actively involved in political advocacy at the age of 50, and we can make speeches when invited and make them meaningful. In addition, he and the former first lady established the Obama Foundation.
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Categories: Net Worth
Source: svlsf.edu.vn