|

Barack Obama Net Worth ([2021])
Lifestyle | Bio | Facts [UPDATED]

Barack Obama


Share this article:

Bounce Mojo is a leading player of Celebrity News, Reviews, Entertainment and Top 10 of Everything. We sometimes use affiliate links and may receive a small commission on your purchase. Learn more…


Barack Obama Net Worth, Biography & Lifestyle: Former President Barack Obama was the 44th President of the United States of America. He was also a former senator. His current net worth is $70.5 million. 

Today, we’ll trace back his beginnings before he became a president and we’ll also see:

  • How he grew up and his family;
  • His educational background, and he ended up at Harvard;
  • The various books he published earned him book royalties;
  • The keynote address he delivered made him popular in politics;
  • The houses and cars he and the former first lady Michelle Obama own;

Hours of research were spent to bring you the latest news and updates about the former US President Barack Obama Net Worth.

It’s an interesting political career! Many will surely agree that he was one of the most commendable US Presidents. 

After checking Barack Obama’s net worth and bio, you may scroll to the end and see the Fun Facts Section!

Get ready…

We’re about to begin…

Who Is Barack Obama?

Barack Obama Net Worth

Embed this image on your site!

<a href="https://bouncemojo.com"><img src="https://bouncemojo.com/wp-content/uploads/2021/07/Logo-Embed-New-copy-13.webp" alt="Barack obama" ></a>

Barack Obama Net Worth: $70 million
Profession: Politician, Lawyer, Writer, Author, a Law professor
Relationship Status: Married
Date of Birth: 60 years old
Current Occupation: Politician, Lawyer, Writer, Author, a Law professor
Nationality: American
Place Of Birth: Honolulu, Hawaii, United States
Marital Status/ Relationship: Married to Michelle Obama (1992 – Present)
Eye Colour: Dark Brown
Zodiac Sign: Leo
No. of Children: 2 Daughters – Malia & ‎Sasha
Favorite Color: Black and Green
Favorite Food: Broccoli
Languages: English
Smoking/ Drinking: Yes
Tattoos: None
Religion: Christian

Barack Obama is the 44th President of the United States of America and the first African-American president. He also served a term in the Illinois Senate. 

The Obamas weren’t as rich as you may have imagined at first. Thanks to the government salary, book royalties, investment income, and Michelle Obama’s salary that helped them become millionaires in 2005. 

Eventually, Obama became the president and earned around $400,000 a year during his entire eight-year term. Looking at his net worth, most of it came from his advance and royalties from the books he wrote: The Audacity of Hope, Of Thee I Sing: A Letter to My Daughters, and Dreams From My Father.

To date, Obama receives a six-figure annual pension as a former president of the United States. 

How tall is Barack Obama?

Barack Obama stands 6 ft. and 1 inch, which is 185.4 cm tall or 1.85 m.

What is Barack Obama’s age?

Barack Obama’s date of birth is August 4, 1961, which makes him 60 years old today.

How Much Is Barack Obama Worth?

Barack Obama’s net worth is $70.5 million. The hefty amount is already the combined net worth of him and former first lady Michelle Obama. 

Barack Obama Net Worth Year By Year

YearEarnings $
2014$477,383
2015$436,065
2016$450,000
2017$15 million
2018$65 million
2019$68.5 million
2020$70.5 million

Barack Obama Books

q? encoding=UTF8&ASIN=B08HGH9JMF&Format= SL160 &ID=AsinImage&MarketPlace=US&ServiceVersion=20070822&WS=1&tag=topnotch09620 20&language=en UScenter>

A Promised Land?

It is a New York Times Best-Seller that tells about Barack Obama’s story of his improbable odyssey from a young man to a world leader.

q? encoding=UTF8&ASIN=037583527X&Format= SL160 &ID=AsinImage&MarketPlace=US&ServiceVersion=20070822&WS=1&tag=topnotch09620 20&language=en US

Of Thee I Sing: A Letter to My Daughters 

Barack Obama’s letter to his daughters was about the moving tribute to thirteen groundbreaking Americans and the ideals that shaped the US’s nation.

q? encoding=UTF8&ASIN=B0009XC6DM&Format= SL160 &ID=AsinImage&MarketPlace=US&ServiceVersion=20070822&WS=1&tag=topnotch09620 20&language=en US

Dreams from My Father: A Story of Race and Inheritance

In the unsentimental and lyrical memoir, Barack Obama tries to search for a workable meaning of his life as a Black American.

q? encoding=UTF8&ASIN=B000JMKHFC&Format= SL160 &ID=AsinImage&MarketPlace=US&ServiceVersion=20070822&WS=1&tag=topnotch09620 20&language=en US>

The Audacity of Hope: Thoughts on Reclaiming the American Dream

In this book, Obama calls for a different brand of politics: politics for those weary of bitter partisanship and alienated by the endless clash of armies.

q? encoding=UTF8&ASIN=1454937823&Format= SL160 &ID=AsinImage&MarketPlace=US&ServiceVersion=20070822&WS=1&tag=topnotch09620 20&language=en US

Obama: The Historic Presidency of Barack Obama – Updated Edition

It is a commemorative book showing valuable records of Obama’s historic presidency and the years he left his office.

Barack Obama The Businessman

Barack and Michelle Obama purchased Bright Directions age-based growth plans for Malia and Sasha’s education. 

The couple also invested in real estate. They purchased an 8,200-square-foot mansion in Washington, DC, after previously renting it. They also own a house in Chicago’s Hyde Park neighborhood. In 2019, they purchased a home on Martha’s Vineyard for $11.75 million.

Lastly, they invested in a production company, Higher Ground Productions, in 2018.

Former President Barack Obama Early Life

Young Barack Obama

Embed this image on your site!

<a href="https://bouncemojo.com"><img src="https://bouncemojo.com/wp-content/uploads/2021/07/Barack-Obama-03.webp" alt="Barack Obama" ></a>

Barack Hussein Obama II was born on August 4, 1961, in Honolulu, Hawaii. To date, he is the first African-American president and the only one who was born outside of the contiguous 48 states. 

His mother, Ann Dunham, was of English, German, Swiss, Scottish, Irish and Welsh descent, while his father, Barack Obama Sr., was from Kenya. 

Sadly, his parents divorced three years later. Barack Sr. returned to Kenya and got married for the third time. 

Another sad news for Barack….

A car accident on Christmas in 1982 took his father’s life. 

Earlier in 1965, his mother married Lolo Soetoro, an Indonesian man. Barack and his mother followed him in Indonesia in 1967. He stayed there until 1971 before moving back to Honolulu to live with his maternal grandparents. Later in 1996, his mother died from cancer. 

As for his educational background…

In high school, he attended Punahou School and graduated there in 1979. Eventually, he moved to Los Angeles and got an opportunity to attend Occidental College with a full scholarship. Then, he transferred to Columbia University in 1981 and earned a degree in political science with a major in international relations.

Barack Obama Family & Relationships

While working at Sidley Austin, a Chicago law firm, Barack met Michelle Robinson when the latter was assigned to be his advisor. They got engaged in 1991 and got married the year after. 

The couple has two daughters, Malia Ann and Natasha. 

Michelle Obama – Barack Obama’s Wife

Barack Obama Wife

Embed this image on your site!

<a href="https://bouncemojo.com"><img src="https://bouncemojo.com/wp-content/uploads/2021/07/Barack-Obama-04.webp" alt="Barack Obama" ></a>

Malia Ann Obama – Barack Obama’s Daughter

Barack Obama Daughter

Embed this image on your site!

<a href="https://bouncemojo.com"><img src="https://bouncemojo.com/wp-content/uploads/2021/07/Barack-Obama-05.webp" alt="Barack Obama" ></a>

Natasha Obama – Barack Obama’s Daughter

Barack Obama Daughter

Embed this image on your site!

<a href="https://bouncemojo.com"><img src="https://bouncemojo.com/wp-content/uploads/2021/07/Barack-Obama-06.webp" alt="Barack Obama" ></a>

In a short while, we’ll have a thorough walkthrough of how Barack Obama spends his wealth and earnings to buy properties and put up a company, and even his charity donations… But first, let’s check out his career and his rise to the presidency.

Barack Obama Career

After his graduation in 1983, he worked for a year as a financial researcher for Business International Corporation. He also had a stint as a project coordinator for several New York non-profits.

He then moved to Chicago to work as a director for a non-profit organization, the Developing Communities Project, from 1985 to 1988. 

He didn’t forget about his commitments…

In 1988, he enrolled in Harvard Law School and was elected as the president of the Harvard Law Review. During summers, he would return to Chicago to continue his obligations as a community organizer. 

After graduating from Harvard Law School, he worked as a civil rights attorney in Chicago. Also, from 1992 to 2004, he taught constitutional law at the University of Chicago Law School.

As for the books he wrote….

In 1995, he wrote Dreams from My Father: A Story of Race and Inheritance. During the first nine years after being released, it wasn’t that popular. It was only after his 2004 Democratic National Convention keynote when it rose to popularity, leading to a royalty windfall for Obama. 

His second book, Audacity of Hope, was released in 2006 and was a massive hit. It sold millions of copies and rocketed his income. Obama’s wealth continued to swell in the next few years. Thanks to his 2008 successful campaign and election. 

Barack Obama’s Rise to Presidency

Aside from writing books and teaching, Barack served as an Illinois State senator from 1997 to 2004. Eventually, he became a US Senate senator from 2005 to 2008. 

When Obama delivered a keynote address at the Democratic National Convention in July 2004, he caught national attention. Since then, he started to become a rising star in politics.

In 2007, Barack announced his intent to run for president. He fought against Hillary Clinton for the Democratic nomination. Eventually, Obama was elected president, and Joe Biden became his Vice President, who defeated Jon McCain. 

Barack Obama took office in 2009 and was the 44th President of the United States. 

Barack Obama After Leaving His Office

After leaving the White House, Obama signed a production deal with Netflix in 2018. The deal was estimated to be around $50 million. It includes a documentary film, Becoming, Michelle Obama’s memoir.

Obama’s wealth continues to swell. Thanks to his public speaking events, that pays him as much as $400,000.

Barack Obama Book

Embed this image on your site!

<a href="https://bouncemojo.com"><img src="https://bouncemojo.com/wp-content/uploads/2021/07/Barack-Obama-07.webp" alt="Barack Obama" ></a>

Barack Obama’s Best Selling Book: A Promise Land. Check it out here!

Barack Obama Scandals & Controversies

In 2013, Obama was involved in the IRS scandal that targeted conservative and Tea Party groups for extra scrutiny. The issue led to the face-off between President Barack Obama and Mitt Romney in the 2012 elections. 

Some of the other controversies in his term include Obamacare, illegal immigrants, and the gun control controversy.

How Barack Obama Spends His Money

Barack and Michelle Obama invested in their daughters’ education. In 2017, Malia started at Harvard, while Sasha began in 2019 at the University of Michigan. The Obama family also bought a couple of properties like a house on Martha’s vineyard. 

Barack Obama Houses

Barack Obama House

Embed this image on your site!

<a href="https://bouncemojo.com"><img src="https://bouncemojo.com/wp-content/uploads/2021/07/Barack-Obama-08.webp" alt="Barack Obama" ></a>

The Obamas rented the Washington, DC mansion where they stayed while their daughters finished high school. Eventually, they bought the property.

Barack Obama House

Embed this image on your site!

<a href="https://bouncemojo.com"><img src="https://bouncemojo.com/wp-content/uploads/2021/07/Barack-Obama-09.webp" alt="Barack Obama" ></a>

Mansion in Martha’s Vineyard: 7,000 square-foot main home and 29 oceanfront acres of land

Former President Barack Obama’s Car

Barack Obama Car

Embed this image on your site!

<a href="https://bouncemojo.com"><img src="https://bouncemojo.com/wp-content/uploads/2021/07/Barack-Obama-10.webp" alt="Barack Obama" ></a>

A 2008 Ford Escape Hybrid he used during his presidential campaign. 

Barack Obama Philanthropy

From 2009 to 2015, the Obama’s donated a total of $1.1 million to charities. They focused on African-American causes, disaster reliefs, veterans, homelessness and housing, and even health. More than half of their total donations went to children’s organizations.

To provide scholarships for wounded and fallen soldiers’ children, he donated the pot-tax profits of his children’s book Of Thee I Sing

One of his biggest donations was his $1.4 million Nobel Peace Prize award in 2009. The prize went to multiple charities.

Fun Facts About Barack Obama

  • He worked at Baskin-Robbins in Hawaii when he was a teenager.
  • He was hailed by Time’s Magazine as Person of the Year in 2008 and 2012.
  • His name, Barack, means “one who is blessed” in Swahili.

5 Lessons We Can Learn From Barack Obama For Financial Freedom

  1. Live simply and avoid luxury items. 
  2. Enjoy home-cooked food and minimize eating out. 
  3. Allot two-thirds of your earnings to savings.
  4. Invest in quality education. 
  5. Refrain from having debts.

Top 3 Quotes From Barack Obama

  • “Now, as a nation, we don’t promise equal outcomes, but we were founded on the idea everybody should have an equal opportunity to succeed. No matter who you are, what you look like, where you come from, you can make it. That’s an essential promise of America. Where you start should not determine where you end up.”
  • “There is not a liberal America and a conservative America – there is the United States of America. There is not a black America and a white America and Latino America and Asian America – there’s the United States of America.”
  • “I believe marriage is between a man and a woman. I am not in favor of gay marriage. But when you start playing around with constitutions, just to prohibit somebody who cares about another person, it just seems to me that’s not what America’s about. Usually, our constitutions expand liberties; they don’t contract them.”

Top 3 Memes – Barack Obama

Barack Obama Meme

Embed this image on your site!

<a href="https://bouncemojo.com"><img src="https://bouncemojo.com/wp-content/uploads/2021/07/Barack-Obama-11.webp" alt="Barack Obama" ></a>
Barack Obama Meme

Embed this image on your site!

<a href="https://bouncemojo.com"><img src="https://bouncemojo.com/wp-content/uploads/2021/07/Barack-Obama-12.webp" alt="Barack Obama" ></a>
Barack Obama Meme

Embed this image on your site!

<a href="https://bouncemojo.com"><img src="https://bouncemojo.com/wp-content/uploads/2021/07/Barack-Obama-13.webp" alt="Barack Obama" ></a>

Frequently Asked Questions (FAQs)

Who Ran Against Obama 2007?

Hillary Clinton and John Ewards run against him.

How Much Is Barack Obama’s Net Worth?

His estimated net worth is $70.1 million.

What is Barack Obama’s Race?

He is an African-American.

Conclusion: Barack Obama Net Worth, Biography & Lifestyle

So there you have Barack Obama’s Net Worth! Some may agree that he was a great president, while others may raise their brows. Well, it depends on how his policies affected one’s life. 

My biggest takeaway from here is not to base one’s ability and skills on race. Anyhow, all of us are equal and must receive the same opportunities. I’m sure we can learn from his experience as a product of a broken marriage. He didn’t let that bring him down. 

I hope you enjoyed reading Barack Obama’s Net Worth, Biography, and Lifestyle.

Be sure to read Barack Obama’s Best Selling Book: A Promise Land Check it out here!

You can read more about other celebrities’ net worth, quotes and memes on our website, bouncemojo.com.

Don’t forget to put your Bounce in your Mojo today!

Similar Posts