Barack Obama Net Worth Is $12 Million
The 44th President of the United States of America, Barack Hussein Obama is the most powerful man on the planet today and is worth a staggering $12 million dollars. He also receives $400,000 as President's salary every year. He is married to Michelle Obama and has two children with her, namely Malia and Sasha. Obama was born in Honolulu, Hawaii, and is the first president born there. He is of African American origin. The current president of the most powerful democracy of the world was born on 4th of August, 1961. Before becoming the first African American President of the United States in 2008, he was a senator from Illinois. He had also been teaching at the University of Chicago Law School till 2004. Most of his wealth comes in the form of his salary as the President and the remaining chunk of his income is through royalties and deals that he gets through the publication and sale of his books.
The sale of his books really skyrocketed once he was elected as the first non-white President of America, which helped him turn his life around in financial terms. He has been earning millions every year in the form of royalties on the sale of his books. The name of his books are “Dreams of My Father” and “The Audacity of Hope”. Recently, he is always in the news for the healthcare and gun policy reforms that he is undertaking, Barack Obama has also received the 2009 Nobel Peace Prize for his promotion of nuclear non-proliferation and he donated the amount to charity. Many people have criticized him but he is indeed one of the most popular and powerful people alive and would probably be worth much more years later when he’s retired.