On August 4, 1961, Barack Hussein Obama II was born in Honolulu, Hawaii. He is the only President of the United States to have been born outside of the contiguous 48 contiguous states.’s
A native of the UK, Ann Dunham was also a descendant of German and Swiss ancestry. Obama Sr. was a student at the University of Hawaii Manio in 1960 and had been awarded a Russian language scholarship when Ann met him.
At the time, Barack Sr., a Kenyan citizen, was married. In 1961, Barack and Ann exchanged vows. He was born six months after his father, Barack Obama Jr.
He returned to Kenya, where he married a third time after his divorce from Ann in 1964. After returning to Kenya, Barack Sr. only saw his son, Barack Jr. In 1971, when Barack Jr. was 9 years old, he traveled to Hawaii to see his son.
Barack Obama Sr. was tragically killed in an automobile accident on Christmas Day, 1982, just days before his son’s first birthday. At the time, Barack Jr. was 21 years old.
Ann married Lolo Soetoro, an Indonesian national, in March 1965. Having had his visa extension refused, Lolo returned to Indonesia. As a result of this, Ann and Barack Jr were born in the same year 1967.
Until 1971, Barack resided in Indonesia, where he was raised by his mother’s family. In 1979, he graduated from high school here. Lolo and Ann were married until 1980 when Lolo died. Sadly, she passed away from cancer in 1995.
From Both His Mother and Father, Barack Has Multiple Half-siblings
In 1979, Barack came to Los Angeles to attend Occidental College on a full scholarship after graduating from high school.
It wasn’t until 1981 that he made the move to Columbia University to pursue his dream of studying political science with an emphasis on international affairs. A few years later, he earned an MBA from Columbia University.
Before joining Business International Corporation, he worked as an assistant project coordinator for numerous New York non-profits. He also worked as a financial researcher for the company.
In 1985, Barack traveled to Chicago to work for the Developing Communities Project, a non-profit organization. From 1985 through 1988, he worked there. Traveling across the globe in 1988, he spent five weeks in Kenya visiting family.
Barack enrolled at Harvard Law School in the autumn of 1988. After graduating from Harvard Law School, he was elected to serve as president of the journal. The majority of his time was spent in Chicago, where he worked as a community organizer.
Immediately upon his graduation, Obama began his career as a civil rights lawyer in Chicago. His time at the University of Chicago Law School, where he taught constitutional law from 1992 until 2004, was similarly noteworthy.
In the summer of 1989, Barack was employed at Sidley Austin, a Chicago-based legal firm. Michelle Robinson, a colleague, served as Barack’s adviser for a period of three months beginning in June.
It didn’t take long before they started dating and became engaged in 1991. On October 3rd, 1992, they were united in marriage.
Malia Ann, born in 1998, and Natasha “Sasha,” born in 2001, where the couple’s two children.
The Road to the White House
In addition to teaching, Barack served as an Illinois state legislator from 1997 until 2004, at which time he campaigned for the United States Senate and was elected in November 2004. From 2005 to 2008, he would serve in the US Senate.
When he delivered the keynote speech at the Democratic National Convention in 2004, Barack became a household name. It wasn’t long before his star began to rise among Democrats.
On February 10, 2007, Barack declared that he was running for President. Eventually, he squared off against Hillary Clinton for the candidacy of the Democratic Party. After winning the nomination, he went on to beat Jon McCain in the general election with the help of Vice President Joe Biden.
When Barack Obama was elected in November 2008, he became America’s 44th president. He began his term in office in the first week of January of this year.
Income From Book Sales and Net Worth
While serving as a professor at Columbia University and as a state legislator, Barack never made more than $30,000. When Michelle worked as a lawyer for the University of Chicago Hospital System, she provided the bulk of the Obama family’s income.
When Barack was elected to the Senate in 2005, his annual salary increased to $157,100. Michelle made $273,618 in the same year. A whopping $1.65 million was earned by them in 2005.
Barack Obama’s Net Worth Is Estimated to Be in the Neighborhood of $1 Billion
Salary for President Obama
The net wealth and income of President Obama: Barack Obama is the 44th President of the United States and a former Senator from Illinois. Obama was the first African-American to hold the office of President of the United States after serving one term in the Senate of Illinois.
Barack Obama’s net worth is $70 million as of this writing. With his wife, Michelle Obama, he has a net worth of over $1 billion. For much of their adult lives, the Obamas were not well-off. Their fortune was made in the early years of Barack Obama’s political career when book royalties made them wealthy.
What Happened to the $1.2 Million?
A story of race and inheritance, Barack’s first book was “Dreams from My Father,” published in 1995. For the first 8 or 9 years following its debut, it was mostly ignored. The book’s popularity skyrocketed when Obama delivered the keynote address at the 2004 Democratic National Convention, resulting in a sizable royalty bonanza for the Obama family in 2005.
The Obamas’ income was $916,00 in 2006. “Audacity of Hope,” Barack Obama’s second book, was an enormous success when it was launched in October 2006, selling millions of copies and boosting Obama’s 2007 earnings to $4,2 million.
After Barack’s election victory in 2008, their income grew steadily over the next several years. To this day, every hardback edition of Barack Obama’s book sells for $3.75, and every paperback copy sells for $1.12. In 2008, 2009, and 2010, royalties were strong.
For the joint rights to their memoirs, Barack and Michelle Obama got a $60 million advance in February 2017.
History of Earnings
As you can see in the chart below, Barack and Michelle’s income from 2000 to 2017 is shown in detail. After 2015, they ceased releasing their tax returns. Exactly how much they made in 2016 or 2017 is unknown to us.
Obamas earned a $65 million advance for various books and other media ventures in 2017 according to reports.
Book deals and speaking engagements have bolstered their fortunes since leaving the White House.
History of Obama Family Earnings
a minimum of $65,00,000,000 in 2017
How much does the president get paid every year? As President, Barack Obama received a salary of $400,000 per year in addition to other benefits.
Additionally, he had access to a $150,000 expenditure account, a $100,000 tax-free vacation account, and a $20,000 entertainment fund.
President Barack Obama and First Lady Michelle Obama Own Property
As their youngest daughter completed high school, Barack and Michelle moved into a mansion in Washington, DC, where they stayed until she graduated. They paid $8.1 million in June 2017 to purchase the 8,200-square-foot rental.
As of August 2019, the Obamas were in escrow on Martha’s Vineyard property for $14.9 million. 29 acres of seaside land and a 7,000-square-foot main house are included in the purchase price.