Acquiring: The Obama Family Fortune

LET’S START WITH YOU, BARRY – ALONG WITH MICHELLE, MAHLIA, AND SASHA:
A $8.1 Million home in the exclusive Kalorama neighborhood, Washington, D.C. (Duck Duck search); $200,000 + annual presidential retirement, $400,000 speeches; signing book deals worth $65 million (Newsweek); and production deal with Netflix that one entertainment industry source said could be valued at more than $50 million (New York Post).

BOOK DEALS PRIOR TO 2016:
OBAMA: 2 prior book deals: $8.8 million from his bestseller Audacity of Hope and children’s book Of Thee I Sing: A Letter To My Daughters. Sales of his memoir Dreams From My Father, originally published in 1995, also took off once he landed in the nation’s capital, resulting in $6.8 million.
MICHELLE – American Grown: The Story of the White House Kitchen Garden and Gardens Across America – $ U/K (mrnussbaum .com)

VIA – CELEBRITY NET WORTH:
(1) The Obama Family Income History: 2000: $240,000; 2001: $272,759; 2002: $259,394; 2003: $238,327; 2004: $207,647; 2005: $1,655,106; 2006: $983,826; 2007: $4,139,965; 2008: $2,656,902; 2009: $5,505,409; 2010: $1,728,096; 2011: $789,674; 2012: $662,076; 2013: $481,098; 2014: $477,383; 2015: $436,065 — Total: $20,619,644. —- NOTE: 2016 not offered – minimum would be $400,000 presidential salary. (PER Money Nation: 2016 Obama net worth – $3,419,468 weighted figure — [Minimum possible Obama net worth – $603,013 to Maximum possible Obama net worth – $5,895,200).

(2) Barack Obama Net Worth – How he earned it:
Barack Obama earned his net worth primarily from the sales of his books The Audacity of Hope and Dreams of my Father. Barack’s wallet began to expand after his much praised keynote speech at the 2004 Democratic National Convention that marked his explosion onto the national conscience. As Obama’s profile rose, so did sales of his 1995 book “Dreams from My Father: A Story of Race and Inheritance”. In 2005, the Obama’s income grew from around $200,000 to a combined $1.7 million! In 2006 the Obamas reported income of $916,000. Barack’s second book “Audacity of Hope”, released in October 2006, was a massive hit, selling millions of copies and rocketing the Obama’s income to $4.2 million in 2007! Their income continued to swell in the following years thanks to Barack’s 2008 successful campaign and election. To this day, Barack Obama earns $3.75 for every hardcover copy and $1.12 for every paperback he sells.

(3) In February 2017, it was reported that Barack and Michelle Obama would be receiving a $60 million advance for the combined rights to their autobiographies. ($65 Million – allegedly for Barack and Michelle biography deals).

(4) How much does the president make? As President, Barack Obama’s base salary was $400,000 a year. He also had access to a $150,000 expense account as well as a $100,000 tax free travel account and $20,000 entertainment budget.

THE NET WORTH PORTAL:
2009 Nobel Peace Prize — $1.4 Million.
Family home in Chicago, Illinois — $1.5 Million.
2 U/K Vehicles – $56,000.
Michelle Obama – Retirement Funds $250,000.
Michelle Obama – Net Worth — $11.8 million through her books, investment etc.
2018 Net worth — Mahlia Obama – $300 Million. (Cover Girl cosmetics contracts; Malia also owns many restaurants like the Fat Obama Burger chain in Washington D.C. ; Malia owns a football team named the Chicago Angels; recently launched a Vodka brand named ‘Pure Wonderobama- US’; and a bestselling perfume called ‘With Love from Malia’. Malia also runs a fashion line called ‘Malia Obama Seduction’. It is the list of all such works Malia does which helped in building such a good net worth.)
Mahlia – $450,000 College Funds.
2018 Net worth — Sasha Obama – $450,000 (and still in high school).

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OBAMA SHAMES THE RICH: “I mean, it’s enough”…Calls for “Universal Income”

Jul 19, 2018

OBAMA WENT TO SOUTH AFRICA TO SHAME AMERICANS AND THOSE WITH WEALTH:

There’s only so much you can eat. There’s only so big a house you can have. There’s only so many nice trips you can take. I mean, it’s enough. We’re going to have to worry about economics if we want to get democracy back on track,” Obama continued “We’re going to have to consider new ways of thinking about these problems, like a universal income, review of our workweek, how we retrain our young people, how we make everybody an entrepreneur at some level.”

History shows that societies which tolerate vast differences in wealth feed resentments and reduce solidarity and actually grow more slowly. And when economic power is concentrated in the hands of the few, history also shows that political power is sure to follow and that dynamic eats away at democracy.” [2]

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What a net worth increase from a 2 years, 10 1/2 months Senate term (January 3, 2005 – November 16, 2008) and prior Affirmative Action leader; part-time college speaker.

SOURCES:

[1] Ann Rose Laurence

[2] 100PercentFedUp