Barack Obama Net Worth and Former US Presidential Salary

Barack Obama Net Worth and Former US Presidential Salary $395,000/year
tenure as US President from 2009 to 2017
birth date Aug 04, 1961 (61 years old)
Born in Honolulu, Hawaii, United States
nationality USA
Marital status married to Michelle Obama
Profession Politician, Former US President
Full name Barack Hussein Obama II
Children 2 (Natasha, Malia Ann)
size 1.85 m

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 euros. However, 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”.

Barack Obama Net Worth and Former US Presidential Salary

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 Barack Obama Net Worth and 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 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.

The Chicago years

In 1988 he entered Harvard Law School, where he graduated magna cum laude three years later. Back in Chicago with his new law degree, he was to teach constitutional law at the Chicago Law School for twelve years. During this time he also published the manuscript Dreams of my Father , completed in 1995, which has earned him millions of dollars to date. He earns $3.75 for each hardcover book sold, and $1.12 for each softcover, according to Celebrity Net worth .
In 1996 he also ran for the office of Senator for his state of Illinois and served in its Senate from 1997 to 2004. In 2000 he tried to be elected to the House of Representatives, but failed with this plan.

Despite his academic achievements and the monograph he authored, Obama remained relatively unknown on the major national political stage until 2004. But the speech he gave at the Democratic National Convention that same year, which gave the Illinois Democratic Party a resounding victory in the Illinois elections, both his party comrades and politicians outside the Democratic Party began to take notice of him, and at the same time he became mentioned for the first time as a possible successor to George W. Bush.
The speech was not only important for his career because it drew attention to him, but also for his book sales. It promptly became “ Dreams of my Father“ relaunched. While the annual income of the Obamas was USD 207,647 in 2004, it multiplied within a year to USD 1,655,106 and thus broke the 1 million mark for the first time. Already in the following year he wrote his second book, which would later become an essential part of his election campaign, entitled ” The Audacity of Hope “. It became an instant bestseller, selling millions of copies. It is largely thanks to that second book that Obama’s annual income rose to over four million in 2007 . The last book to date, ” A Promised Land ” was published in 2020 and once again climbed all the bestseller lists.

The presidential campaign

Barack Obama began his presidential campaign back in 2007 because he first had to convince his own party before they officially listed him as a presidential candidate. After all, the competition, which included Hillary Clinton, wife of former US President Bill Clinton , was not to be underestimated and Obama’s lead was only marginal. Nevertheless, through his perseverance, his sympathy and his rhetorical skills, he managed to convince his party, which officially led him to the 2008 presidential candidate.
His opponent in the election campaign was the Republican John McCain, who, partly because of his ultra-conservative stance and some political missteps during the election campaign, was unable to convince the majority of Americans, who above all favored social and political change.

Obama’s presidency

As President, from January 20, 2009, Obama undertook some radical changes in American domestic and foreign policy. Domestically, Obama introduced mandatory health insurance, often referred to as Obamacare. He also enacted several laws that should bring tax breaks, create jobs and restore unemployment insurance. On foreign policy, he began withdrawing the US presence in Iraq, signed a mutual nuclear arms control treaty with Russia, and led the NAVY SEAL mission that killed Osama bin Laden. However, the political situation with Russian President Vladimir Putin remained tense.

In 2012 he won the election against Mitt Romney and began his second term the following year . His vice president again became Joe Biden . He is maintaining his political agenda, through which he also wants to end the military presence in Afghanistan and further strengthen the rights of gays and lesbians domestically. He was awarded the Nobel Peace Prize after just nine months of his first term in office for his efforts to reduce troop presence abroad and raise the threshold for military intervention . Obama donated the prize money of the equivalent of one million euros to various charitable causes.

Barack Obama Net Worth and Former US Presidential Salary

Total wealth Barack Obama Net Worth and Former US Presidential Salary

Barack Obama Net Worth and Former US Presidential Salary , which consists of his base salary of around USD 400,000, his royalties and book sales, is the equivalent of 65 million euros . However, he made the most money from it in the years 2007 to 2010. Last year, his annual income was just $481,098. While in Chicago, he lived with his family in a $1.6 million home. The property was almost 1000 square meters. Before Barack Obama was only allowed to passively drive, he drove a Chrysler 300C with a HEMI engine and luxury features worth about $50,000.

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