More info. As well as being the youngest living American president, Barack made world history when he became the first black president of the US. Although — like all politicians — the public had mixed opinions about him, Barack was sworn in as president for two terms, from to Before Barack entered the White House, he and his wife were still wealthy, having made their fortunes as lawyers. Obama is now one of four living former presidents, and he has returned to his community activist roots, working on issues that were important to him during his presidency, such as gun control, immigration, nuclear nonproliferation, race relations and criminal justice reform.
Through various organizations, social media, speaking engagements and his production company, Obama continues to raise awareness of these issues and pursue social change. According to the Former Presidents Act, Obama will receive the salary of a cabinet secretary for the rest of his life. Among the other perks are health insurance and round-the-clock Secret Service protection until his death.
The cost of Secret Service protection is not made public, but Obama will also receive funds for an office, staff and related expenses, which George W. Obama is gearing up to increase his sphere of influence — and potentially his net worth — as a producer. He and his wife signed a deal to produce series and films for Netflix in Netflix did not disclose the financial details; The New York Times, however, reported that similar deals have been valued at tens of millions over several years.
Many presidents establish foundations and enjoy lucrative second careers as in-demand speakers and authors, and the Obamas are as popular as ever.
The former president gave a speech in September at a healthcare conference run by the trading and investment firm Cantor Fitzgerald, according to The New York Times. Obama is the first former president in nearly years to remain in Washington, D.
He and the family remained in town so his youngest daughter, Sasha, could finish high school. She graduated in June They also kept their Chicago home in the historic Hyde Park neighborhood. With their post-presidential speaking and book deals, real estate holdings and production company, the Obamas are primed to maintain a considerable amount of wealth and influence beyond their time in the White House.
Read more about the wealthiest presidential families. Top Banks Leading the U. From speaking at events around the world to writing memoirs and signing a massive production deal with Netflix, the Obamas' life after the White House has been full and very lucrative.
For her part, Michelle Obama's memoir, " Becoming ," was published in November and became that year's No. And Obama's latest memoir, " A Promised Land ," sold nearly , copies within 24 hours of its November release. From philanthropic efforts to vacationing where the sun shines to making long-term investments in his daughters' education, here's how the Obamas spend their fortune.
Source: Forbes. Source: GoBankingRates. Source: Business Insider. Source: Los Angeles Times. Source: New York Post. Source : AP News. Source: CNN. Source: CNBC. Source : The Verge. Source: American University.
Source: Business Insider , Town and Country. Source: Washington Post. Source: Vineyard Gazette. In November it was reported that the family bought a house in Rancho Mirage, California, where Barack has been spotted on the golf course. They also give their money away to deserving charities. In the past, she earned money from her job at the University of Chicago Hospitals. One personal favorite is the denim jacket-ready enamel pin collection , which includes Bo, the Obama family dog.
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