The foremost African-American US President Barack Obama’s net worth as of 2021 is $70 million.
He is a former Illinois Senator and the 44th President of the USA who served from 2009 to 2017.
His term is recognized for works such as the Paris Agreement, the Russian Nuclear treaty, bin Laden’s killing, the Arms Reduction talks, the Recovery Act, etc.
Obama is also quite prominent for his books and an overall pleasant personality with eloquent speaking qualities.
Moreover, Obama has won the Nobel Peace Prize for his continued efforts to bolster international relationships and cooperation among people.
In 2017, he was given a national honor with the Department of Defense Medal for his excellent service to the public.
Firstly, let’s take a look at some facts about former president Barack Obama.
|Full Name||Barack Hussain Obama II|
|Net Worth||$70 Million|
|Birth Date||4 August 1961|
|Known as||Barack Obama|
|Age||61 Years Old|
|Birth Place||Honolulu, Hawaii, United States|
|Education||Harvard Law School|
|Father’s Name||Barack Obama Sr.|
|Mother’s Name||Ann Dunham|
|Siblings||Maya Soetoro-Ng, Auma Obama, Malik Obama, David Ndesandjo, Bernard Obama, Abo Obama, Mark Okoth Obama, George Obama|
|Height||6 ft 1 inch (185 cm)|
|Weight||176 lb (80 kg)|
|Eye Color||Dark Brown|
|Wife/Spouse||Michelle Obama (m. 1992)|
|Children||Sasha Obama, Malia Ann Obama|
|Profession||Politician, Lawyer, Author, Law Professor|
|Active Years||1985- Current|
|Awards||Nobel Peace Prize, Department of Defense Medal, Grammy Award X2, Time Person of The Year X2, NME Hero of The Year|
|Social Media||Facebook, Twitter, Instagram, Youtube|
|Last Update||October, 2022|
Barack Obama: Net Worth and Income
Obama earns a reported $400,000 per speech. He is estimated to have raked in a handsome $1.2 million from his three talks in Wall Street firms in 2017.
However, he never earned more than $30,000 per year from 1991 to 2004.
Further, his wife Michelle was the family’s breadwinner for a long time, making $274,000 per annum as a lawyer.
But, his appointment with the US Senate catapulted his salary to $157,000.
Additionally, Obama collected over $1.65m in 2005 through book royalties. Unsurprisingly, he earns $3.75 per hardcover sale and $1.12 from every paperback sale to this day.
Besides, his 2006 earnings were $916,000, and they were significantly bolstered in 2007, with his revenue reaching $4.2 million with significant sales of his book “Audacity of Hope.”
As the US President, his base salary per annum was $400,000, and he earned an additional $150,000 for expenses, $100,000 for tax-free travel, and $20,000 for entertainment.
In 2017, the Obama couple received a mouth-watering $60 million in advance for combined rights for their autobiographies.
Currently, he receives $207,800 as an annual presidential pension from the White House.
Barack Obama: Cars and Houses
Obama owned a 2005 Chrysler 300C, which is a HEMI V-8 powered machine.
Consequently, a later owner had unsuccessfully tried to sell the car for $1 million on eBay.
Initially, when he started his presidential campaign, Obama traded his Chrysler for a highly economical Ford Escape Hybrid.
This hybrid SUV has a mileage of 34 MPG in city conditions along with comfort features such as cruise control, adjustable steering, and keyless entry.
Surely, Obama is quite an SUV fanatic, and his next car is the 2000 Jeep Grand Cherokee. It features a 4L inline engine along with a 4WD system which enables superior performance in the harshest of situations.
Unfortunately, he cannot drive his own private car and has to be chauffeured by the Secret Service to his status as the Ex-President.
Recently, it was revealed that his current car is a highly modified version of the Chevrolet Suburbans.
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After finishing his term as US President, Barack Obama rented a mansion in Washington D.C. to allow their daughter to complete her high school.
In 2017, they rented an $8 million home in DC. The 8200-sq-foot property has 9 bedrooms, 8.5 bathrooms.
Then, in August 2019, they bought another $15m for a secluded Martha’s Vineyard property. It features a 7000-sq-foot primary mansion along with 29 acres of oceanfront land.
The property has 7 bedrooms, 8.5 bathrooms, along with a two-car garage, a barn, and a pool.
Barack Obama: Lifestyle and Vacations
Obama prefers to wear a suit for formal events and polo t-shirts and chinos for informal activities.
Further, he likes to have juice rather than coffee and indulges himself regularly in 45-minute strength or cardio workouts.
Accordingly, he likes to have a healthy breakfast consisting of eggs, potatoes, and wheat toast.
Also, he refrains from sugar, carbs, and fat, enabling him to maintain a slim and attractive figure.
Interestingly, Obama made headlines in 2019 by wearing a custom $595 bomber jacket by Rag & Bone with a printed “44”.
Interestingly, in 2009, Nike designed a pair of $25,000 custom sneakers for Obama sized 12.5 and named Player Nike Exclusive Hyperdunks.
Over the years, he has worn sneakers such as the $80 Adidas Stan Smith, $95 Allbirds Wool Runners, $120 Asics Gel-Cumulus, and $80 Nike spikeless golf shoes, etc.
Similarly, he wears the $485 Oliver People’s Lachman Sun, Kannan, Brodsky, and Ray-Ban 3217 matte black sunglasses.
In addition, he completes his look with watches such as Jorg Gray J6500, Tag-Heuer Series 1500 WD1211, Highgear Enduro Compass, and Rolex Cellini.
On one summer trip, the Obama family headed off to France to celebrate their daughter’s graduation and rented a house costing $62,000 per week.
In their Italy tour, the Obama family was in Lake Como, pictured with George and Amal Clooney on a boat ride.
After President Trump’s inauguration, the Obama couple went paddleboarding and hung out with Tom Hanks in a yacht in Tuscany.
Besides, Obama also went kitesurfing with billionaire Richard Branson in the Necker Island of the British Virgin Islands.
Moreover, he visited the Tetiaroa island in 2017, where he stayed at The Brando luxury resort and sat down to work on his White House memoir.
Further, the Obamas also went to Bali, indulging in river rafting as they paddled across the Ayung River.
In 2020, they continued their winter vacation tradition by visiting Hawaii and loosened up with a kayaking trip.
Barack Obama: Charity
Obama’s tax returns have revealed his donation figures to be $10,770 between 2001 & 2004 and $1.6 million between 2005 and 2015.
Additionally, he donated $392,000 to the Fisher House Foundation, which assists families of veterans.
Moreover, he has supported Boys & Girls clubs with $48,000 and gave $19,500 to the Mosaic Youth Theatre of Detroit.
In addition, he poured $13,500 into the causes of the Cristopher House and $11,500 for the Midtown Educational Foundation offering support to the needy.
Also, he cooperated with former living US Presidents to encourage recovery for people affected by Hurricane Harvey with the One America Appeal organization.
The appeal accumulated $41.3 million donations from 110,500 donors.
Barack Obama: Media, Endorsements, Investments, and Book Publications
Obama has appeared in TV Series such as Vlogg Boiz, Dog With a Blog, Anderson Cooper 360, where he was cast as an actor.
Further, he has been featured in a Will. I.Am music video called “Yes We Can” and has a soundtrack credit for the Rude(Ish) Tube TV series.
Besides, he has been a guest in popular shows such as Jimmy Kimmel Live!, The Oprah Conversation, The Late Late Show with James Corden, etc.
Obama has inked a lucrative $50 million deal with Netflix to produce movies and TV shows.
Also, he and his wife have a massive $65 million deal with the Penguin Random House for publishing their personal memoirs.
As of 2014, he was provided a lifetime membership for the American Homebrewers Association to quench his beer needs.
Obama has founded a production company, Higher Ground, in 2018 to produce scripted and unscripted film and TV series.
Recently, a documentary produced by it called American Factory won the Academy Awards for Best Documentary film in 2019.
Furthermore, he has produced a podcast on Spotify with rockstar Bruce Springsteen called “Renegades: Born in the USA,” where they discuss race, fatherhood, marriage, etc.
Obama founded The Barack Obama Foundation in 2014 to oversee the creation of his Barack Obama Presidential Center, run the My Brother’s Keeper Alliance, and scholarship programs.
Besides, the Obamas hold around $1-$5 million in the US Treasury Notes, yielding a yearly interest of $15-50k.
Moreover, they have invested around $750k in different Vanguard Index Funds and an estimated $500k in Treasury Bills in SEP-IRA.
Barack Obama has had some major success as an author, with his books earning millions in royalty and numerous awards.
Firstly, he wrote the book Dreams From My Father in 1995. It is a memoir that reminisces his early days in Chicago and Honolulu and his Harvard entry.
Secondly, Obama authored The Audacity of Hope, exploring his 2008 campaign for the presidency.
This book topped both the New York Times and Amazon’s bestselling lists for 2006.
Lastly, he released A Promised Land in 2020, largely discussing his political career and Bin Laden’s killing.
Barack Obama: Career
Initially, Obama started his career as a financial researcher before a short spell as a project manager in 1983.
After being hired as a director for the Development Communities Project, he moved to Chicago, where he worked for three years.
Then, Obama became a lawyer and started teaching law subject at the University of Chicago after graduation from Harvard Law School.
Next, he was elected for the Illinois Senate in 1996, replacing Democratic Senator Alice Palmer of the 13th District.
Consequently, he joined the US Senate race and won the general election with 70% of the votes.
In 2007, he declared his candidacy for US President and won the elections with 365 electoral votes.
Subsequently, Obama was re-elected for a second consecutive term in 2013 after defeating Republican candidate Mitt Romney.
3 Facts about Barack Obama
Barack Obama was the first black president of the Harvard Law Review and gained strong media attention.
He has a Guinness World Record certificate for being the first African-American President of the USA.
In 2016, he was recognized as the 48th most powerful man in Forbes’ Powerful People 2016 list.
Barack Obama: Social Media Presence
Barack Obama is active on social media. He uses them as a source to share his work, activities, and thoughts.
Facebook – 57.1M Followers
Twitter – 129.9M Followers
Instagram – 35M Followers
Youtube – 738k Subscribers
Also, he has a personal website known as The Office of Barack and Michelle Obama.
“If you’re walking down the right path and you’re willing to keep walking, eventually you’ll make progress.”
“The future rewards those who press on. I don’t have time to feel sorry for myself. I don’t have time to complain. I’m going to press on.”
“Money is not the only answer, but it makes a difference.”
Who ran against Obama in the 2008 elections?
John McCain of the Republican ran against Barack Obama in the 2008 general election.