How much wealth does Barack Obama own?

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Former US President Barack Obama is speaking in Australia and New Zealand. It is estimated that he will earn around 1.3 million dollars from this. Already received hundreds of thousands of dollars in exchange for appearances at art galleries in New South Wales. After Australia-New Zealand, Kadi Kadi will bring home the dollar from a week-long tour of Japan and Singapore. This information was given in the news of the British newspaper Daily Mail. It is said that the former president has already signed a contract with the Harry Walker Agency. The agency charges between $520,000 and $650,000 per speech.
Not just from speech. The Obamas are in talks to host a special show on streaming service Netflix. The huge amount of money they will bring home from here also.
Barack Obama’s senior adviser Eric Schultz said, if all goes well, Barack Obama will tell inspirational stories on his show on Netflix. In this case, he will highlight the critical issues of his regime. For example, climate change, healthcare and immigration. On the other hand, Michelle Obama will discuss nutrition. She was busy with this during her tenure as First Lady. Not just Netflix. Apple and Amazon are also interested in hosting events with the Obamas.
Apart from this, both of them are currently working on writing their autobiographies. They have already received more than 60 million dollars in advance for this book.
However, excluding all expenses and debts, Barack Obama’s current net worth is around $40 million. Most of his wealth came from the sale of his books Audacity of Hope and ‘Dream of My Father’. This wealth will naturally increase from the sale of new books.
How did Barack Obama get rich?
In 2004, Barack Obama received $60,000 in stipends while serving in the Illinois State Senate. In addition, he received 32 thousand dollars to study at the University of Chicago Law. Apart from this, his money was accumulated in four financial funds. Each of these was worth 50 thousand dollars to 1 lakh dollars.
A year later he received an advance of $847,000 and $378,000 in royalties (on sales) for writing the book. Besides, his money kept in various funds also increases. In 2005, the Obamas moved into a $1.6 million home in Kenwood, Chicago.
In 2006, he again received book royalties of 150,000 dollars. He started another book that year. He received an advance fee of 4 lakh 25 thousand dollars from that book. Then he started depositing money in the funds of various famous financial institutions.
The following year he earned $3.3 million from Random House. Distel and Godrich received $816,000 from Literary Management. He also bought bonds from the US Treasury. When he decided to run for president in 2008, he had between $1 million and $5.1 million in treasury.
The couple’s 2009 income tax return showed their household income was $5.5 million. In 2007 it was 42 million dollars. In 2005, it was 1.6 million dollars.
In 2010, he donated 14 percent of his income to various non-profit organizations. Of this, 1 lakh 31 thousand dollars went to the Fisher House Foundation. This charity helps the families of war-torn veterans.
He received a salary of 400,000 dollars a year during his tenure as president. In addition, he received a special fund of 150,000 dollars, a travel allowance of 100,000 dollars and an entertainment allowance of 20,000 dollars.
In total, Barack Obama’s total assets excluding debts are approximately 40 million dollars. His wife, Michelle Obama, has the same net worth.