Barack Obama Net Worth and Former US Presidential Salary

How rich is Barack Obama?

Born on August 4, 1961 in the US state of Hawaii, Barack Hussein Obama II, with an annual salary of USD 395,000.00, was one of the top political earners among heads of state , including Angela Merkel  and former Austrian President Heinz Fischer . Although Obama’s income, which equates to $32,916 a month, is small compared to the earnings of top business executives, Chinese President Xi Jinping has to settle for just $3,310 a month. The main part of his fortune of the equivalent of 65 million eurosHowever, Obama did not save from his salary, but from the sales of his books “Dreams of my Father” and “The Audacity of Hope”, “A Promised Land” and the children’s book “Of Thee I Sing: A Letter To My Daughters”. .

On January 20, 2017, Obama was officially replaced as US President by Donald Trump . However, the former US President receives an annual pension of $203,700. You should be able to live with that.

Incredible book deal worth $65 million

The former president is said to have signed a $65 million book deal with his wife Michelle. The couple is said to be writing their memoirs about their time in the White House in two separate books. The New York publishing house Penguin Random House has secured the coveted deal. It is not yet clear when the book will be published.

The Obamas are said to have already signed a multi-million dollar deal with Netflix. It remains to be seen in what form the Obamas will actually come to our TV sets.

The career of Barack Obama

The first years

It was the early years of Obama’s life that would shape his worldview, growing up as a “mixed-breed” child to a black Kenyan father and a white American mother. According to his own statements, it was important for him to be able to grow up on the Hawaiian Islands in an environment in which different cultures or the clashing of different cultures are the order of the day and interact peacefully with one another. Nevertheless, this peaceful coexistence was never really able to suppress the identity question that Obama kept asking himself, especially during puberty. During his youth – he admits – he often used alcohol or marijuana in order to deal with the constantly surging question of his identity, or at least to temporarily suppress it.

The college years

After high school in Hawaii, Obama moved to Los Angeles on the American mainland and began his studies at Occidental College, which he left after a short time to study at Columbia College in New York. It was there that he eventually earned his BA in Political Science, which opened doors for him in the professional world at Business International Corporation, where he only worked for a year before signing a contract with a New York research group.