Barack Obama net worth is $ 6.1 million while Michelle Obama’s fortune is $ 11.8 million. Well, most of you might have thought that being the president of the United States of America, his net worth must be exceeding $ 10 million. However, it seems that Barack Obama is not as wealthy as the first lady.
Barack Obama net worth is calculated after analyzing his current salary of $400,000, his personal financial disclosures, proceeds from book sales and other investments. However, as the US government has not made it mandatory to disclose the exact assets and liabilities so the figure may slightly vary.
Net worth comparison:
From the above chart, it’s clear that there is a wide difference in between Bill Clinton and Barack Obama however when it comes to popularity, then Obama is second to none.
Over the coming years, his fortune is likely to increase as a result of higher salary and royalties from his various books.
Till date, he has authored books including “Dreams from My Father: A Story of Race and Inheritance”, “The Audacity of Hope” and “Of Thee I Sing: A Letter to My Daughters”.
|Alma mater||Harvard Law School (J.D.)|
|Total Income previous year||$ 500,000|
|Barack Obama net worth||$ 6.1 million|
In between 1997 and 2004, Barak Obama’s income as an Illinois State Senator was $71,000 annually. During that time period, his total earning amounts to $ 497,000. In 2004, his income increased to $150,100 and when finally he left the office, it had grown to $165,700. Within that time period, he added ,more than $661,800 to his fortune.
After becoming the president of the United States, his income was now $400,000 per year. This directly resulted in additional $ 2.6 million dollars in between 2009 and 2016.
Born in Honolulu, on August 4, 1961, Obama is the first President from Hawaii. Son of Stanley Ann Dunham and Barack Obama Sr, he even spent some of his childhood in Indonesia. However soon Obama returned to Hawaii for his schooling and his further education. He attended Occidental College, then later got BA degree from Columbia University. After graduation, he worked at a local church for some time before entering Harvard Law School in the fall of 1988.
Barak Obama began his Legislative career in 1996, succeeding Alice Palmer.