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Since leaving the White House, Barack Obama has continued to very well for himself financially. Aside from the success of his memoir, Obama and his wife, former first lady Michelle Obama, also signed a lucrative Netflix deal in How did Obama grow his fortune? Check out the best accounts to help you save money and reach your financial goals!
Every day, get fresh ideas on how to save and make money and achieve your financial goals. Obama is now one of four living former presidents, and he has returned to his community activist roots, working on issues that were important to him during his presidency, such as gun control, immigration, nuclear nonproliferation, race relations and criminal justice reform.
Through various organizations, social media, speaking engagements and his production company, Obama continues to raise awareness of these issues and pursue social change. According to the Former Presidents Act, Obama will receive the salary of a cabinet secretary for the rest of his life.
Among the other perks are health insurance and round-the-clock Secret Service protection until his death. The cost of Secret Service protection is not made public, but Obama will also receive funds for an office, staff and related expenses, which George W. Obama is gearing up to increase his sphere of influence — and potentially his net worth — as a producer. He and his wife signed a deal to produce series and films for Netflix in Netflix did not disclose the financial details; The New York Times, however, reported that similar deals have been valued at tens of millions over several years.
Many presidents establish foundations and enjoy lucrative second careers as in-demand speakers and authors, and the Obamas are as popular as ever. The former president gave a speech in September at a healthcare conference run by the trading and investment firm Cantor Fitzgerald, according to The New York Times.
Obama is the first former president in nearly years to remain in Washington, D. He and the family remained in town so his youngest daughter, Sasha, could finish high school. She graduated in June They also kept their Chicago home in the historic Hyde Park neighborhood. With their post-presidential speaking and book deals, real estate holdings and production company, the Obamas are primed to maintain a considerable amount of wealth and influence beyond their time in the White House.
For you. World globe An icon of the world globe, indicating different international options. Get the Insider App. Click here to learn more. A leading-edge research firm focused on digital transformation. Good Subscriber Account active since Shortcuts. Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log out. US Markets Loading H M S In the news. Hillary Hoffower. Aside from the six-figure pension he receives as a former president, Obama has made millions from speaking engagements and his best-selling books.
His latest memoir, "A Promised Land," was published in November and sold nearly , copies within 24 hours of its release. While Obama spends his money in various ways, he notably donates to charity and takes family vacations. Visit Business Insider's homepage for more stories. The lion's share of the Obamas' fortune came from books.
But Barack's lucrative career as an author isn't over. Michelle's memoir, "Becoming," was published in November As of March , it had sold almost 10 million copies. It sold nearly , copies in the US and Canada within 24 of its release. That includes a documentary film, "Becoming," accompanying Michelle's memoir. It released on May 6. Outside income: The president's life as an author of several books is still paying off. Their one liability: Their Chicago home, which they haven't spent much time since , is still costing them.
Their interest rate: 5. We're no longer maintaining this page. Personal Finance. LendingTree Paid Partner.
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