Barack Obama Net Worth $12.5 Million
Though during his childhood, Obama lived an unpredictable life, yet he is currently one of the most influential and interesting personalities known all over the world! He made his entry to Harvard Law School that started off his march to become the President. Barrack took his internship from a prestigious law school in Chicago, where he met Michelle whom he married later on. His career fostered when he became the primary African American student to write for the Harvard law Review.
· Birth Name – Barack Hussein Obama II
· Date of birth – August 4, 1961
· Birth Place – Honolulu, Hawaii, U.S.
· Nationality – American
· Height – 6′ 1″
· Profession – Law professor, Politician, Lawyer, Author
Though the annual salary of a President in US is counted to be just $400,000 which doesn’t adds much to his Barack Obama net worth, yet it makes a significant contribution as in year 2004, Obama was taking off two salaries; one he was earning from Senator of Illinois and the other as a lecturer teachers in University of Chicago Law School. While the salary of the Senator was $80,287, the Lecturing position brought him $32,144 each month. Both the jobs come with a retirement plan of 100,000 dollars.
In year 2005, Obama received an advanced payment for a book deal to write the Audacity of Hope. This advancement was a fraction of the royalties that has to be paid to Obama from the book’s earning once it starts making sales. The Publishers of the book were sure that the book will be a success as Obama’s first book “Dreams of my father” sold out and was hit after he gave the Key Note Address that propelled the Celebrity status to him. His second book too was sold out. Random House republished the book that was launched earlier in 1995, as they wanted to make more sales with his current celebrity status of being an Author. The same year, Obama received royalties from the Random House for his republished books and the royalties totaled to over 1 Million Dollars.
Though the Presidents are expected to declare their assets and wealth each year, along with their income sources; yet expert say it that it is really hard to get an exact view of the net worth of Obama. Obama, in the year 2015 declared his wealth that came down to a rough numbers of $7 Million Dollars but Celebrity news estimates his true net worth to be $12.2 million.
It is clear that most of the part of Obama’s net worth is a result of his wise investments in treasury bills and royalties from his book sales which has shot up from the time he started up campaigning for the Presidency and throughout his terms in office. In fact, he also has a comfortable retirement funds from not only from his presidency term but also the jobs he held before.