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Net Worth

What is Barack Obama Net Worth ?

What is Barack Obama Net Worth

What is Barack Obama Net Worth ?

Barack Obama net worth and salary: Barack Obama is a former Senator from Illinois and the 44th President of the United States. Obama served one term in the Illinois Senate and is the first African American President of the United States.

As if this writing Barack Obama’s net worth is $70 million. That is a combined net worth with his wife Michelle Obama. The Obamas were not wealthy for much of their adult lives. They first became millionaires in roughly 2005 thanks to book royalties as Barack entered the political spotlight.

What is Barack Obama Net Worth

Personal Life

In the summer of 1989 Barack was working at a Chicago law firm called Sidley Austin. For three months starting in June, an associate named Michelle Robinson was assigned to be Barack’s advisor. They soon began dating and became engaged in 1991. They married on October 3, 1992.

Early Life

Barack Hussein Obama II was born in Honolulu, Hawaii on August 4, 1961. He is the only US President to date who was born outside the contiguous 48 states.

His mother was Ann Dunham was of English, German, Swiss, Scottish, Irish and Welsh descent. Ann met  Barack Obama Sr. in a Russian language class at the University of Hawaii Manio in 1960 where he had earned a scholarship. Barack Sr., who was from Kenya, was married at the time. Barack and Ann married in 1961. Barack Jr. was born six months later.

In March 1965 Ann married an Indonesian man named Lolo Soetoro. When Lolo’s visa extension application was rejected, he returned to Indonesia. Ann and Barack Jr. joined him there in 1967. Barack lived in Indonesia until 1971 when he moved back to Honolulu to live with his mother’s parents. He attended high school here, graduating in 1979. Ann and Lolo stayed married until 1980. Unfortunately, she died in 1995 after suffering from cancer.

Barack has several half-siblings from both his mother and his father.

After graduating from high school in 1979, Barack moved to Los Angeles to attend Occidental College, where he earned a full scholarship.

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Rise To Presidency

Outside of teaching, Barack also served as an Illinois state senator from 1997 to 2004, at which point he successfully ran for US Senate. He would serve in the US Senate from 2005 to 2008.

The event that brought Barack national attention was when he gave the keynote address at the Democratic National Convention in July 2004. From that point on, he was a rising star in the Democratic Party.

What is Barack Obama Net Worth

Former President Barack Obama says of men who stay too long in power, “They cling to power. They are insecure. They have outdated ideas.”

Income History

Below you will find a table listing a complete 15-year history of the income Barack and Michelle earned between 2000 and 2017. They stopped releasing their tax releases after 2015. We don’t know exactly how much they earned in 2016 or 2017. In 2017, we do know that the Obamas received a $65 million book advance for multiple books and media projects.

After leaving the White House they have made even more money from book advances and are now both highly sought-after public speakers.

The Obama Family Income History
Year Income
2000 $240,000
2001 $272,759
2002 $259,394
2003 $238,327
2004 $207,647
2005 $1,655,106
2006 $983,826
2007 $4,139,965
2008 $2,656,902
2009 $5,505,409
2010 $1,728,096
2011 $789,674
2012 $662,076
2013 $481,098
2014 $477,383
2015 $436,065
2016 ?
2017 At least $65,000,000
Total $85,733,727

Barack and Michelle Obama Real Estate

Upon leaving office, Barack and Michelle rented a mansion in Washington D.C. while their youngest daughter finished high school. In June 2017 they spent $8.1 million to buy the 8,200 square-foot rentals. In August 2019 it was reported that the Obamas were in escrow on a $14.9 million property on Martha’s Vineyard. The property has a 7,000 square-foot main home and 29 oceanfront acres of land.

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