Barack Obama's net worth

The estimated net worth of Barack Obama is $70 million.

Barack Obama is the 44th President of the United States and the only President to be at war for the entire duration of his presidential campaign, despite winning the Nobel Prize for Peace in 2009.

Barack has a reputation for being an eloquent statesman. His ability to mesmerize his audience on stage led to him being one of the most articulate presidents in the country's history.

Early life

Born on August 4, 1961, Barack Hussein Obama II spent most of his youth growing up in Honolulu under the care of his mother. Barack's parents divorced in 1964, with his father moving to Kenya.

Obama spent a year of his childhood in Washington State before his mother remarried, relocating to Indonesia for four years in 1965. Barack returned to Honolulu in 1971 to live with his grandparents.

Education

Barack Hussein Obama II attended Punahou School in 1979, graduating to attend Occidental College in Los Angeles in 1979. After completing his freshman and sophomore years at the school, he transferred to Columbia University in New York in 1981.

He graduated from Columbia in 1983 and then attended Harvard Law School, graduating in 1991. After Barack finished his studies at Harvard, he taught constitutional law for 12 years at the University of Chicago Law School. Barack started his career at Chicago U as a lecturer from 1992 to 1996 and finished as a senior lecturer.

How did Barack Obama build his net worth?

Barack Obama built his net worth through his tenure as the 44th President of the United States between 2008 to 2016. He is one of the only presidents to win the Nobel Peace Prize, receiving the award in 2009, very early in his presidency.

Many political commentators find his receipt of the award ironic, considering he was the first US sitting President to be at war throughout the entirety of his eight years in office.

While Barack was teaching constitutional law at the University of Chicago, he joined the legal firm "Miner Barnhill and Galland," specializing in civil rights litigation and economic development. Obama started his political career in 2005 after winning the nomination as Illinois state senator.

He won 70% of the public vote in the 2004 general election. During his tenure as Senator, Barack co-sponsored the "Secure America" and the "Orderly Immigration Act" initiatives.

Barack stepped down from his role in the Senate in 2006 to prepare for his upcoming presidential campaign, first running against Hillary Clinton, only to bring her into his administration, where she served as the Secretary of State.

In January 2009, Barack Obama entered office as the 44th President of the United States. He served two concurrent terms and departed from office in 2017 when Donald Trump succeeded him.

His net worth has grown significantly after leaving office. Per the 1958 Former Presidents Act, Obama will receive an annual pension of $205,700 for the rest of his life.

Besides his presidential pension, Obama has been raking in cash from book sales, public speaking, and so forth.

In 2018, Barack and Michelle Obama signed a lucrative deal with Netflix to produce series and films. Financial details were not disclosed, but he stands to make tens of millions of dollars. Obama's production company, Higher Ground Productions, has released a series of acclaimed documentaries like "American Factory," which won an Oscar, "Becoming," and "Crip Camp."

After their $25 million Spotify podcast deal ended, Barack and Michelle Obama entered a $20 million deal with Audible that would allow them to distribute their content across all platforms.

President Obama commands substantial speaking fees, which is hardly surprising given his talent as an orator. He was reportedly paid $400,000 for a speech at Cantor Fitzgerald, the investment bank, a decision Elizabeth Warren said was "troubling" to her. Obama could command hundreds of thousands of dollars per speech, and there is no shortage in demand.

How has Barack Obama spent his wealth?

With his growing net worth, Obama hasn't been afraid to splash the cash.

He lives in a house purchased for $8.1 million in the Kalorama neighborhood of Washington, D.C. They also own a $1.65 million home in Chicago's Hyde Park and a property on Martha's Vineyard worth $11.75 million.

Obama has also presumably helped pay school fees for his daughters Malia and Sasha, both of whom have graduated from college.

Barack Obama's productivity habits and personal strengths

Barack Obama's daily routine has been well documented with lessons for many people — those who loved and loathed his presidency.

He likes to exercise, and he would frequently enjoy games of pick-up basketball with his secret service team during his tenure as President. Barack believes in spreading his message of believing in yourself and equality for all.

FAQs

How rich is Barack Obama?

With a reported wealth of $70 million, Barack Obama has earned significant money from speaking engagements in the wake of his presidency.