Barack Obama, the 44th president of the United States, has a net worth of $70 million. This is a significant increase from the $1.3 million he declared when he entered the White House in 2009. The majority of this increase in wealth can be attributed to the Obamas’ book deals and speaking engagements.
Book Deals
Barack Obama has written two books: “The Audacity of Hope” (2006) and “Dreams from My Father” (1995). Both books were bestsellers and earned him millions of dollars in royalties. “The Audacity of Hope” sold over 10 million copies in the United States alone, and it was translated into 56 languages. “Dreams from My Father” was also a bestseller, and it was praised by critics for its honest and insightful look at Obama’s life.
Speaking Engagements
Since leaving office, Barack Obama has given numerous paid speeches. In 2017, he was paid $400,000 for a speech at a Wall Street investment bank. He has also spoken at events such as the Clinton Global Initiative and the World Economic Forum.
Other Ventures
In addition to his book deals and speaking engagements, Barack Obama has also earned money from other ventures. For example, he has a production company called Higher Ground Productions, which has produced several films and television shows for Netflix. He has also invested in a number of businesses, including Uber and Airbnb.
Michelle Obama’s Net Worth
Michelle Obama, the former first lady of the United States, has a net worth of $40 million. She has earned her money through a variety of ventures, including book deals, speaking engagements, and product endorsements.
Book Deals
Michelle Obama has written two books: “Becoming” (2018) and “The Becoming Guide” (2020). “Becoming” was a bestseller and earned her an estimated $65 million in royalties. It was also the fastest-selling book of all time by a former first lady. “The Becoming Guide” is a companion book to “Becoming” that provides readers with tips on how to live their best lives.
Speaking Engagements
Since leaving the White House, Michelle Obama has given numerous paid speeches. In 2018, she was paid $200,000 for a speech at a women’s empowerment conference. She has also spoken at events such as the United Nations General Assembly and the Kennedy Center Honors.
Product Endorsements
Michelle Obama has also earned money through product endorsements. She has endorsed a number of brands, including Target, CoverGirl, and Weight Watchers.
Conclusion
Barack and Michelle Obama are both very wealthy people. They have earned their money through a variety of ventures, including book deals, speaking engagements, and product endorsements. They are both popular and well-respected figures, and they have a number of lucrative opportunities available to them.
What is Barack Obama’s net worth?
Barak Obama’s Net worth is estimated to be around $70 million.
How did Barack Obama make his money?
Obama made most of his money from book sales, speaking engagements, and post-presidency memoirs. He also received a salary as the president of the United States and has invested in Stocks and real estate.
Additional Information
- In 2017, Barack Obama signed a deal with Netflix to produce a number of films and television shows.
- In 2018, Michelle Obama launched her own production company called Higher Ground Productions.
- Barack and Michelle Obama have donated millions of dollars to charity.
- Barack and Michelle Obama are both very active in public life. They have spoken out on a number of important issues, including climate change, gun violence, and racial justice.