barack obama net worth

Barack Obama Net Worth In 2017 – How Rich Is He?

Barack Obama Net Worth: $11.5 Millions

Barack Obama Net Worth, Bio, Career and More

Barack Hussein Obama, the twice elected President of the United States and the first African American to be elected to the U.S presidency have the net worth of $11.5 million. This is not because he elected as a President of USA, as USA is the 16th least corrupt country in the world. So, it’s obviously not a black money then how Barack Obama net worth is so high?

barack obama net worth

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Have a look on it . . Obama was born in Honolulu, Hawaii and grown up in Indonesia during his early studies. He attended local Indonesian-language schools there. Obama returned to Honolulu to live with his maternal grandparents with the aid of a scholarship till his graduation from high school. After high school, he moved to Los Angeles to attend Occidental College. Later, he transferred as a junior to Columbia College, in New York City. Obama was elected to the Illinois Senate. Reelecting several times as a Illinois Senator, latter he elected as a chairman of the Illinois Senate’s Health and Human Services Committee. As for the year 2012, members of the Illinois House of Representatives are paid around $70,000 per year, which shows that Illinois Senate is not the source where current Barack Obama net worth come from.

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His political career started to develop with the relative speed of light in 2004. He started presidential campaign in 2007 and got enough votes to get nominate for the presidential elections of 2008 by the Democratic Party and fortunately he became the President in the same year. Believe or not, his salary was just $400 thousands.

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Then, how Barack Obama net worth is high? Still confused!

Here is an unexpected reveal, Barack Obama net worth comes from his books sales. But, the houseful sale is because of his presidency, as his book “Dreams of My Father and The Audacity of Hopes” was very warm in the market, especially during the first week of his Presidency, in which some 100,000 copies were sold. The 44th President of United States Barack Obama net worth is $11.5 million after donating $1.4 million for Noble Prize as a charity. As being ethical and polite, no doubt he can still earn some significant money, just by giving speeches. And we can have a example of it as the former President George W. Bush, when departed from White house, he gave minimum 200 paid speeches in six years and earned $100,000 to $175,000 for each. So, we can hope that Obama’s net worth can increase, but can not decrease at all.

So now you know about the former US President Barack Obama Net Worth. What do you say about it?

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