Barack Obama Net Worth: Biography & Presidency

Barack Hussein Obama II was inaugurated as the 44th President of the United States and has a net worth of $70 million.

Obama left the presidency at the age of fifty-five after serving for two terms.

Obama served three-term in Illinois State from 1997 to 2005.

He was the rising star in the Democratic party.

He was the first African-American to become President of the United States and served for two terms.

Barack Obama 2012 Official
Barack Obama in his office

He is the First US President to address UK Parliament.

Barack Obama has a net worth of $70 million, according to International Business Times.

He entered the White House with a $1.3 million net worth in 2008.

 

Quick Facts

Let’s learn about a few facts about the President Barack Obama

Full Name Barack Hussein Obama
Net Worth $70 Million
Birth Date August 4, 1961
Time of Birth 19:24:00
Place of Birth Honolulu, Hawaii
Nick Name Barry
Religion Christian
Nationality American
Ethnicity African-American
Education Columbia University in Newyork City graduated in 1983 with a degree in Political Science

Graduated Magna Cum Laude from Harvard Law School in 1991

Horoscope Leo
Father’s Name Barack Hussein Obama Sr.
Mother’s Name Stan Ann Dunham
Siblings 2 Sisters (Maya Soetoro-Ng., Maternal Side) (Anima Obama, Paternal Side)

4 Brothers (Malik Obama, Mark Ndesandjo, David Ndesandjo, George Hussein Onyango Obama)

Age 60 years Old
Height 1.87m
Weight 79 kg
Haircolour Black
Eye color Dark Brown
Sexual Orientation Straight
Marital Status Married
Relationship Michelle Robinson
Children Malia, Sasha
Languages he can speak Indonesian, some Spanish and English
Favorite Artist Pablo Picasso
Favourite Book Moby Dick, written by Herman Melville
Favorite Games to Play Scrabble and Poker
Profession Politician, Lawyer, Author
Salary $400Thousand
Political Party Democratic
Age  inaugurated as President 47 years
The Year he enters into Political Party 1996 A.D.
 Famous Books The Audacity of Hope, The Promised Land, Dreams from my Father, Change: We Can Believe In, Thoughts on Reclaiming the American Dream, Of Thee I Sing: A Letter to my Daughters
Favorite Comic Actor Spiderman
Source of Income Salary from Political position, Legal services, books, public speaking platform/speaking engagements, and others
Social Media Twitter, Facebook
Last Update June, 2022

The early life of Barack Obama

On August 4, 1961, Barack was born in Honolulu, Hawaii to Barack Obama Sr. a Black Kenyan, and Stanley Ann Dunham a white American from Kansas.

Having disapproval from Ann’s parents, his parents got married in Maui on February 2, 1961.

He was born six months after his parents were espoused.

His father left them when he was of two years.

So for that reason, he did not have much time to spend or contact with his father throughout his childhood.

Later, his mother Stanley Ann Dunham married  Lolo Soetero of Indonesia.

Afterward, from the age of six through ten he lived with his mother and stepfather in Indonesia.

At the age of 10, he went back to Hawaii and was raised by his grandparents.

He was raised as an Indonesian child and Hawaiian child and as both a black child and a white child.

He is a comic book collector, his favorite comic character is spiderman.

When he was 21 years old, his father Obama Sr. died from a fatal car accident in Nairobi, in 1982.

His mother Ann Dunham died in 1995 after a battle with uterine and ovarian cancer.

He was awarded the Nobel Peace Prize in 2009.

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Barack Obama: Education, Wife, Children, House, Awards

Education

He went to prestigious Punchaou school from 5th grade through graduation from high school.

Obama was a good but not outstanding student at Puchao school.

Obama Made A Strong First Impression At Harvard : NPR
Obama First Impression at Harvard

He moved to the mainland for further studies after graduating from high school in Hawaii.

Subsequently, he went back to Columbia University in Newyork city.

He studied political and international affairs with a major political science subject in 1983.

Later, in 1988 he went to Harvard Law School and received his degree in 1991.

While at Harvard, he remained as the first black (i.e. African-American) editor of the Harvard Law Review.

Wife

Barack Obama and Michelle Robbinson met in 1989 at Sidle Austin law firm in Chicago.

Michelle was designated as the mentor of Barack Obama in their firm.

File:Barack and Michelle Obama at the Home States Ball.jpg - Wikimedia Commons
Barack and Michelle Obama at the Home States

They have always been looked up to as the perfect couple.

Their love and respect for each other have made them easy to set many goals further ahead in their life.

They got engaged in 1991 in a very simple and sweet way.

The couple got married at the Trinity United Church of Christ on October 3, 1992.

Children

Barack Obama and Michelle Robinson had their first child, Malia Ann on July 4, 1998, and their second child, Natasha is known as Sasha, on June 10, 2001.

Engelsk - Barack Obama - Time for Change - NDLA
Barack Obama with his Daughter Malia and Sasha Obama

Malia Obama was 10 years old and Sasha was 7 when Barack Obama became the President of the United States.

Sasha Obama is also famous for her TikTok videos.

Sasha Obama is the top 15 most-followed people in the USA.

House

Upon leaving White House, Barack rented a mansion in Washington, D.C.

Barack Obama has completed the purchase of an $11.75 million waterfront house.

It was established on nearly 30 acres on Martha’s Vineyard.

Awards

  • Chairman’s Award in 2005.
  • Grammy Award for the best spoken Album “Dreams From my Father” in 2006
  •  Grammy Award again for the best spoken Album “The Audacity of Hope” in 2008.
  •  Nobel Peace prize in 2009.
  • Time Person of the year for 2008 and 2012.
  • Harold Washington Award in 2008.
  • Transparency Award on 7 April 2011.
  • NME Award for the Hero of the Year in 2013.
  • Ambassador of Humanity Award on 7 May 2014.
  • Phoenix Award in 2008.
  • Award for Outstanding Literary work, Nonfiction in 2007.
  • “Make it Loud Award” for contribution as President for supporting First and STEM Education in 2017.

Barack Obama: Political Career, Net Worth and Royalties

Net Worth of Barack Obama before Presidency

Barack Obama held many jobs and positions before his presidency.

Before becoming a Senator, Barack Obama worked as a community organizer on Chicago’s Southside.

He also practiced civil rights law.

Despite being engaged in several field he has never earned more than $30,000 between 1991 and 2004, working as a professor and as a State Representative.

After graduating from Harvard Law School in 1991 A.D. he worked as a law professor.

He taught constitutional law at the University of Chicago Law School from 1992 to 2004.

Furthermore, he worked as an associate for 3 years and worked in a counsel capacity for Eight years.

Political Career of Barack Obama

After receiving his law degree, Obama moved to Chicago and became active in the Democratic Party.

In 1966 he was elected to Illinois Senate.

He helped pass the legislation, finance regulations, expanded health facilities to poor families, reformed criminal laws, and welfare laws.

Likewise, in 1999, he begins running for congress.

In 2000, he loses his challenge for the congressional seat held by Rep. Bobby Rush.

Address on the economy by President Barack Obama [at the James Lee Community Center, Falls Church,
Barack Obama Addressing the economy
Accordingly, Obama served the U.S Senate from 2005 to 2008 when he was elected to the United States (U.S) senate in 2004.

In addition to his election, the other highlight of 2004 for Obama was his successful keynote address at the Democratic National Convention.

On February 10, 2007, he announced that he was running for President

Obama became a true leader to run the country well in its economic, political, and administrative fields.

He has been a transformational leader in the United States because of his dominant mottos “Change we Believe in”.

It clarifies to hope for a better future and a better country ahead.

Barack Obama was elected as the 44th President of the United States in November 2008.

He took his office in January 2009 when he was only 47 years old.

He remained as the Fifth-Youngest U.S. President.

On January 20, 2013, he has sworn again for his second term.

During his  Presidency, he ended U.S. military involvement in the Iraq war.

He also ordered the military operation that ended in the death of Osama Bin Laden.

Obama was the first President to support same-sex marriage.

January 20, 2017, was the last day when Barack Obama was marked as the President.

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Net Worth and Book Royalties

Generally speaking, Barack Obama is a very busy person.

But he has a very reasonable income amount before his Presidency.

He entered into White House with a $US 1.3 million net worth in 2008.

Before his presidency, the majority of the Obama family income came from his wife’s  salary as a lawyer working for the University of Chicago Hospital system.

In 2005 Barack has an income of $157,100 when he became a US Senator.

In 2006 Obamas reported income 0f $916,000.

Barack’s second book “Audacity of Hope”  released in October 2006.

This has been one of the best-selling books, with millions of copies sold.

Obama’s income increase to $4.2 million in 2007.

He earned $Us 400,000 a year during his eight years as president.

Obama earns an annual pension of about $US 200,000 as a former President.

After leaving the White House, he has been paid a much as $400,00 for the public speaking events.

Last year the couple (i.e. Barack Obama and Michelle Robbinson) signed book deals worth at least $US 60 million.

As of 2021, Barack Obama has a net worth of $70 million.

3 Facts about Barack Obama

  • He was sworn into office with the same bible that Abraham Lincoln 148 years earlier.
  • His parents divorced when he was two years old.
  • He is a comic book collector and his favorite comic actor is Spiderman.

FAQs

Who is Obama’s best friend?

Nesbitt is a close personal friend of former U. S. President Barack Obama and was the campaign treasurer during Obama’s 2008 presidential campaign.

What was Obama’s slogan?

“Change We Need.” and “Change.” – 2008 U.S. presidential campaign slogan of Barack Obama during the general election.

Where does Obama play golf on Martha’s Vineyard?

Farm Neck Golf Club is a semi-private golf club located in Oak Bluffs, Massachusetts on the island of Martha’s Vineyard.
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