Barack Obama was the President of the United States from 2008 to 2016, but before his political career, he worked as an attorney. He made his first million dollars through book sales of “Dreams of My Father.” Obama’s presidential salary was $400,000 per year. Barack Obama was wealthy, having a net worth of $70 million.
Barack Obama is the 44th president of the United States. He’s also a very wealthy man. That’s will focus on how he made his money, where it came from, and what he invested in. Many believe that former president, Barack Obama made his money during his time in the White House.
When Obama was elected to office, he vowed to limit himself to $400,000 for presidential salary. However, just four years into his term he had already surpassed this amount with an annual income of $3 million. It is true that presidents are entitled to additional funds for travel, but what about security?
Personal Life
Barack Obama has been the 44th president of the United States since 2009. He was born in Honolulu, Hawaii to Barack Obama Sr. and Stanley Ann Dunham on August 4th, 1961. Barack Junior graduated from Harvard University and Columbia University and became a community organizer in Chicago’s South Side before moving to New York City where he worked as an editor at The New York Times.
Barack Obama is married to Michelle Robinson Obama and they have two daughters: Malia Ann and Sasha.
Barack Obama Television deals
Barack Obama has signed on to produce TV shows for Netflix, Amazon, and Apple. Barack Obama’s production company will produce scripted series for the three networks. The former President has also signed a book deal with Penguin Random House which will give him an advance of $60 million dollars. This is the largest contract of its kind in history for any author.
His two-term presidency was filled with political upsets, scandals, and successes. Now, after eight years in office, Obama is taking his talents to Hollywood. With a reported $400 million deal with Netflix, he will be releasing exclusive content under his production company Higher Ground Productions.
Barack Obama Book Deals
Barack Obama has been very busy since he left the White House. He’s taken his first international trip as a former president, released his first memoir, and now announced that he will be writing another book.
As the final days of Barack Obama’s presidency dwindle down, so too do his opportunities to sign lucrative book deals worth multimillions of dollars. The president has reportedly received offers from seven different publishing houses who are all vying for the chance to publish his memoirs. Publishing giant HarperCollins is said to have offered Obama $10 million for his exclusive autobiography, another $2 million for international distribution rights, and $1.5 million for U.S. distribution rights alone.
Barack Obama Salaries
When it comes to Presidential salaries throughout history, Barack Obama is not doing so well. Upon taking office in 2009, President Obama was given a salary of $400,000 per year, which is significantly higher than any other President before him. However, inflation has hit the US hard and this has caused the value of the dollar to shrink.
Public appearances
Former President Barack Obama has made his first public appearance since the end of his term in office on Monday, January 23rd. Obama attended a Chicago college game to watch his adopted hometown Bulls play the Utah Jazz. The 44th president was greeted with cheers and applause by fans who lined up outside the arena before the game to catch a glimpse of him. His spokesperson had said earlier that he would not be giving any remarks or interviews at this time.
Long term investments
In addition to being one of the most influential and powerful world leaders in the modern-day, Barack Obama is also a successful businessman. Before becoming president, Obama was an associate at law firm Davis Polk & Wardwell, where he helped to close transactions worth over $250 million for clients such as Citigroup and Goldman Sachs.
He left this prestigious position to pursue his political career. Today, Obama owns several properties in Chicago and Washington D.C.President Obama’s decision to invest in long-term investments has been controversial. When he took office, he inherited a stagnating economy due to the 2008 recession. The president opened the government’s coffers for spending on stimulus packages and infrastructure projects.
The president also raised taxes on wealthier citizens to pay for these programs, which has resulted in many Americans feeling the pinch of higher taxes.
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Barack Obama’s Real Estate
After 8 years of service, Barack Obama has finally left the White House. Now, he is able to spend more time on his second love: real estate. The President had an interest in the industry long before entering politics. While studying at Columbia University, one of his classmates was the son of a commercial real estate broker.
President Obama also took classes with some “real estate professors” who were later affiliated with major banks and companies in New York City. He has also invested in real estate overseas, most notably in Indonesia where he purchased a $1.5 million home for his mother.
The President seems to be less than enthusiastic about his investment in China, however, as he is reportedly trying to sell his $500,000 share of the Bank of China building in Beijing after purchasing it back in 2008.
Barack Obama’s Netflix Deal
Former President Obama and Netflix have announced a deal to produce TV shows and movies. The president’s production company will be called Higher Ground Productions and will produce films and series that highlight inspirational stories.
President Obama is the first former president in history to enter this type of agreement with a major media company. One of the president’s upcoming projects is an adaptation of the Pulitzer Prize-winning book, “The Audacity of Hope”, which he wrote during his presidency.
