Barack Obama Net Worth and Former US Presidential Salary

Barack Obama Net Worth and Former US Presidential Salary

Barack Obama

President Barack Obama won his second term in office Tuesday night, defeating Republican challenger Mitt Romney. He received 50.9% of the vote compared to 47.2% for Mr. Romney.

Obama became the 44th president of the United States of Americana. He succeeds George W. Bush, who served two terms.

The election marks President Obama’s third presidential victory. In 2008 he defeated former Senator Hillary Clinton of New York and Arizona Governor Mike Huckabee.

In 2012, Obama faced off against Republican nominee Mitt Romney.

Million Euros
U.S. dollar
Former salary as President of USA $395,000/year
tenure as US President from 2009 to 2017
Date of birth Aug 04, 1961 (61 years old)
Born in Honolulu, Hawaii, United States
nationality United States
Marital status married to Michelle Obama
profession Politician, Former US President
Full name Barack Hussein Obama II
children 2 (Natasha, Malia Ann)
size 1.85 m

How rich is Barack Obama?

Born on August 4, 1961 in the US state of Hawaii, Barack Hussein Obama II, with an annual salary of USD 395,000.00, was one of the top political earners among heads of state , including Angela Merkel  and former Austrian President Heinz Fischer . Although Obama’s income, which equates to $32,916 a month, is small compared to the earnings of top business executives, Chinese President Xi Jinping has to settle for just $3,310 a month. The main part of his fortune of the equivalent of 65 million eurosHowever, Obama did not save from his salary, but from the sales of his books “Dreams of my Father” and “The Audacity of Hope”, “A Promised Land” and the children’s book “Of Thee I Sing: A Letter To My Daughters”. .


On January 20, 2017, Obama was officially replaced as US President by Donald Trump . However, the former US President receives an annual pension of $203,700. You should be able to live with that.

Incredible book deal worth $65 million

The former president is said to have signed a $65 million book deal with his wife Michelle. The couple is said to be writing their memoirs about their time in the White House in two separate books. The New York publishing house Penguin Random House has secured the coveted deal. It is not yet clear when the book will be published.

The Obamas are said to have already signed a multi-million dollar deal with Netflix. It remains to be seen in what form the Obamas will actually come to our TV sets.

The career of Barack Obama

The first years

It was the early years of Obama’s life that would shape his worldview, growing up as a “mixed-breed” child to a black Kenyan father and white American mother. According to his own statements, it was important for him to be able to grow up on the Hawaiian Islands in an environment in which different cultures or the clashing of different cultures are the order of the day and interact peacefully with one another. Nevertheless, this peaceful coexistence was never really able to suppress the identity question that Obama kept asking himself, especially during puberty. During his youth – he admits – he often used alcohol or marijuana in order to deal with the constantly surging question of his identity, or at least to temporarily suppress it.

The college years

After high school in Hawaii, Obama moved to Los Angeles on the American mainland and began his studies at Occidental College, which he left after a short time to study at Columbia College in New York. It was there that he eventually earned his BA in Political Science, which opened doors for him in the professional world at Business International Corporation, where he only worked for a year before signing a contract with a New York research group.

President Barack Obama won his second term in office Tuesday night, defeating Republican challenger Mitt Romney. He received 50.9% of the vote compared to 47.2% for Mr. Romney.

Obama became the 44th president of the United States of Americana. He succeeds George W. Bush, who served two terms.

The election marks President Obama’s third presidential victory. In 2008 he defeated former Senator Hillary Clinton of New York and Arizona Governor Mike Huckabee.

In 2012, Obama faced off against Republican nominee Mitt Romney.

The Chicago years

In 1988 he entered Harvard Law School and graduated magna cum laude three years later. Back in Chicago with his new law degree, he was to teach constitutional law at the Chicago Law School for twelve years. During this time he also published the manuscript Dreams of my Father , completed in 1995, which has earned him millions of dollars to date. He earns $3.75 for each hardcover book sold, and $1.12 for each softcover, according to Celebrity Networth .
In 1996 he also applied for the office of a senator of his state Illinois and served in the Senate from 1997 to 2004. In 2000 he tried to be elected to the House of Representatives, but failed with this plan.

Despite his academic achievements and the monograph he wrote, Obama remained relatively unknown on the major national political stage until 2004. But the speech he gave at the Democratic National Convention that same year, which gave the Illinois Democratic Party a landslide victory in the Illinois election, both his party comrades and politicians outside the Democratic Party began to take notice of him, and at the same time he became mentioned for the first time as a possible successor to George W. Bush.
The speech was important not only for his career because it drew attention to him, but also for his book sales. It promptly became ” Dreams of my Father“ relaunched. While the annual income of the Obamas was USD 207,647 in 2004, it multiplied within a year to USD 1,655,106 and thus broke the 1 million mark for the first time. Already in the following year he wrote his second book, which would later become an essential part of his election campaign, entitled ” The Audacity of Hope “. It became an instant bestseller, selling millions of copies. It is largely thanks to that second book that Obama’s annual income rose to over four million in 2007 . The last book to date, ” A Promised Land ” was published in 2020 and once again climbed all the bestseller lists.

His total wealth

Barack Obama’s total fortune , which consists of his base salary of around USD 400,000, his royalties and book sales, is the equivalent of 65 million euros . However, he made the most money from it in the years 2007 to 2010. Last year, his annual income was just $481,098. During his time in Chicago, he lived with his family in a house that was valued at $1.6 million. The property was almost 1000 square meters. Before Barack Obama was only allowed to passively drive, he drove a Chrysler 300C with a HEMI engine and luxury features worth about $50,000.

The presidential campaign

Barack Obama began his presidential campaign back in 2007 because he first had to convince his own party before they officially listed him as a presidential candidate. After all, the competition, which included Hillary Clinton, wife of former US President Bill Clinton , was not to be underestimated and Obama’s lead was only marginal. Nevertheless, through his perseverance, his sympathy and his rhetorical skills, he managed to convince his party, which officially led him to the 2008 presidential candidate.
His opponent in the election campaign was the Republican John McCain, who, partly because of his ultra-conservative stance and some political missteps during the election campaign, was unable to convince the majority of Americans, who above all favored social and political change.

Obama’s presidency

As President, from January 20, 2009, Obama undertook some radical changes in American domestic and foreign policy. Domestically, Obama introduced mandatory health insurance, often referred to as Obamacare. He also enacted several laws that should bring tax breaks, create jobs and restore unemployment insurance. On foreign policy, he began withdrawing the US presence in Iraq, signed a mutual nuclear arms control treaty with Russia, and led the NAVY SEAL mission that killed Osama bin Laden. However, the political situation with Russian President Vladimir Putin remained tense.

In 2012 he won the election against Mitt Romney and began his second term the following year . His vice president again became Joe Biden . He is maintaining his political agenda, through which he also wants to end the military presence in Afghanistan and further strengthen the rights of gays and lesbians domestically. He was awarded the Nobel Peace Prize after just nine months of his first term in office for his efforts to reduce troop presence abroad and raise the threshold for military intervention . Obama donated the prize money of the equivalent of one million euros to various charitable causes.

Who were Barack Obama’s parents?

Barack Obama was born August 4, 1961, in Honolulu, Hawaii, the son of Ann Dunham and Barack Obama Sr., both graduates of Princeton University. His father was a Kenyan economist; his mother grew up in Kansas and met him while she was studying sociology at Harvard. Her family had moved to Kenya in 1952, where her father worked as a civil servant. She returned to the United States in 1956 to study at Radcliffe College, graduating in 1959. In 1962 she married Stanley Armour Dunham, a fellow student at Columbia University. After graduation, she taught English in New York City public schools. They divorced in 1964.

In 1965, Dunham enrolled at Occidental College in Los Angeles, California, majoring in political science and taking courses in psychology. Thereafter she transferred to Columbia University, receiving a master’s degree in education in 1967. At Columbia she studied under sociologist Herbert Gans, whom she later married. While still attending college, Dunham began dating Lolo Soetoro, Jr., the younger brother of President Barack Obama’s maternal grandfather. Their relationship lasted about three months. Dunham graduated from Columbia in 1968 with a bachelor’s degree in social work.

Dunham’s next move was to enroll in the graduate

Early life

Barack Obama, Sr., was born in 1942 in Nyang’oma Kogelo, Kenya, where his parents had moved to escape the Mau Mau uprising. His father, Barack Obama, Jr., was born in Mombasa, Kenya, and came to America in 1961 to attend Harvard Law School. He returned to Kenya in 1964 to practice law.

Ann Dunham, born in 1936, grew up in Wichita, Kansas; El Paso, Texas; and Seattle, Washington. She attended public schools there, graduating from high school in 1958. Her family lived in Seattle from 1959 to 1962.

In 1960 she and Barack Sr., met in a Russian language course at the University of Hawaii. They were both 20 years old and were soon engaged. On Aug. 4, 1961, they were married in a civil ceremony in Chicago. A few days later, they were wed again in a religious ceremony in Indonesia.

The newlyweds arrived in Jakarta on Sept. 7, 1961, and spent the next four months studying Indonesian culture and language. When they returned to Honolulu in November 1961, they rented a one-bedroom apartment in Waikiki.

Dunham worked part-time while attending classes at the University of Hawaii, and she took courses in nursing and social work. After graduation, she went to New York City to take a job as a nurse. She stayed there for three years before returning home to Hawaii.

Obama, Sr., graduated from the University of Hawaii in 1963 with a degree in economics. He joined the faculty at the university and taught there from 1963 to 1966. During this period he earned his master’s degree in African studies at Cambridge University in England.

He began working full-time for the Kenyan government in 1967. From 1970 to 1979 he served as deputy director general of planning and development for the Ministry of Finance. In 1980 he was appointed finance minister and held that position until 1982.

Politics and ascent to the presidency of Barack Obama

In 1996 he was elected to serve in the Illinois Senate, where he worked to help pass legislation that tightened campaign financing regulations, expanded health care coverage to poor families, and rewrote criminal justice and welfare policies. He served in the state senate from 1997 to 2004. During this period, he rose in prominence among Democrats and became known nationally for his eloquence.

Obama ran against incumbent Republican senator Alan Keyes for the 2004 election. His victory over Keyes marked the first time since Reconstruction that an African American had been elected to represent a state in Congress.

While campaigning for the U. S. Senate, Obama gained widespread recognition for his keynote speech at the Democratic National Convention, during which he delivered a powerful call for unity and change. This speech was later published as a book titled “The Audacity Of Hope.”

In 2007, while running for the presidential nomination, Obama visited his father’s village in Kenya, where he met many relatives and friends. This event brought him much wider exposure than he had enjoyed up to that point.

During his 2008 presidential campaign, Obama focused on issues such as universal healthcare, tax reform, and education. On November 4, 2008, Obama defeated Senator John McCain for the presidency.


Barack Obama was born August 4, 1961, in Hawaii, where his father worked for the United States government and his mother stayed home with him and his sister Maya. His parents met while she was working as a nurse at the University of Hawaii hospital and he was attending Occidental College. They married in 1957 and divorced in 1964. After her divorce, Ann Dunham enrolled Barack at the prestigious Punahou School, where he lived from kindergarten through 12th grade.

Obama grew up in a middle class family. His father, Barack Sr., was raised in Kenya by a white British missionary couple, George Otis and Ruth Nidesandt. When he was five years old, he came to live with his paternal grandparents, Stanley Armour Dunham and Madelyn Payne; his grandfather died when he was eight, and his grandmother took him to live in Indonesia with her second husband Lolo Soetoro, whom she later married to adopt Barack Jr.’s elder sister, Auma. During his childhood, Obama spent most summers with his mother and step-grandmother in Jakarta, Indonesia, where he learned to speak fluent Indonesian.

At the age of six, he and his mother moved to Indonesia to join her stepfather, Frank Marshall

Family and personal life

Barack Obama

Obama lived with anthropologist Sheila M. Jager while he was working as a community organiser in Chicago in the 1980’s. She was assigned to work with him for three months. They became friends, and he proposed to her twice but she refused him. In 1988, she accepted his second proposal. Their daughter Maya was born in 1990. After graduating from Harvard Law School, Obama worked as a lawyer at Sidley Austin, where he met Michelle Robinson, a fellow attorney. They married in 1992, and had two children together: Malia in 1998 and Sasha in 2000.

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