According to the data collected from an online business analytics degree in American University at Washington, D.C., the Obamas could make as much as $242 million post-presidency. Here, you will be provided with a detailed information on Barack Obama’s net worth.
The Former President, Barack Obama’s Net Worth as president was $12.2 Million. He earned $400,000 a year throughout his entire eight-year term (A salary President Trump vowed to forgo).
On April 15, 2016, Obama released his 2015 tax returns, which showed that he and his wife Michelle Obama filed
jointly. There was an adjusted gross income of $436,065. They Both paid $81,472 in taxes according to their 18.7 percent tax rate.
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A Timeline of Barack Obama’s Wealth
Below is a timeline of Barack Obama’s earnings over the years, as chronicled by Business Insider. This is a
detailed information to answer your question on “How did Barack Obama grow his fortune?”
2004: He earned a salary of $80,287 from the Illinois State Senate and $32,144 from the University of Chicago Law School where he taught. The former president also had assets in four financial funds worth between $50,000 and
2005: Obama signed a multi-book deal with Random House and received a $1.9 million advance for “The Audacity of
Hope,” plus royalties, following his appearance at the 2004 Democratic National Convention. Also that year he earned just over $847,000 off another book advance, plus $378,000 off additional book royalties. Meanwhile, his
investments grew with the addition of a Nuveen Floating Rate Income Fund valued between $50,000 and $100,000. He also reported deposit accounts valued between $150,000 and $350,000.
2006: Obama reported book royalties of just under $150,000, plus $425,000 off an additional book advance. He also acquired publicly-traded assets worth tens of thousands, including funds with Goldman Sachs and Vanguard.
2007: Obama earned $3.3 million off book royalties from Random House and $816,000 from Dystel & Goderich Literary Management. He acquired a Northern Municipal Money Market Fund valued between $1 million and $5 million, in addition to U.S. Treasury notes valued between $500,000 and $1 million. For his daughters, he invested in two 529 college savings plans valued around $200,000 each.
2008: When Obama was elected president, he owned somewhere between $1 million and $5.1 million in U.S.
2009: Obama won the Nobel Peace Prize, which came with a $1.4 million award. He donated it to an assortment of
2009-2015: Obama earned $400,000 a year as president and continued to earn book royalties, as well as interest on
2016-2017: Obama receives an annual pension of more than $200,000 after leaving the White House, according to
Newsweek. He also receives fees as large as $400,000 for public speaking events.
According to the 1958 Former Presidents Act, Obama will receive the salary of a Cabinet secretary for the rest of his life. Currently, that’s $205,700 a year. Among the other perks are health insurance and round-the-clock Secret Service protection until his death.
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