How Much Money Does
The President Make?

Well, for the leader of the free world $550,000 a year does not seem like much especially considering the kind of responsibility that he bears. But yes, it is true; President Barack Obama earns a base salary of $400,000 but when his allowances (which include annual expenses, travel and entertainment) are included the he earns a gross salary of $550,000 per year.

Consequently, Obama is worth $12.2 million which is not that bad. Moreover, he may actually hit the real jack-pot once he is out of office; he can then write some more books, make speeches (and get very well remunerated while at it) and sit on the boards of various corporations and all these activities could be highly lucrative.

It also worth noting that for his service to the American people, President Obama is actually entitled to two seven-figure pensions: one for his time on the Illinois Senate and the other for his work in the Oval Office. Clearly, although some would expect the man to be competing with the who’s who of the business world, the American President is actually not impoverished in fact if the figures are anything to go by then if he plays his cards well he may be on his way to financial bliss.  

Press Like If You Learnt Something New : )

New! Comments

Have your say about what you just read! Leave me a comment in the box below.

"If I have seen further than others, it is by standing upon the shoulders of giants." Isaac Newton

The material in this site is purely for educational purposes only. In creating this side we have sourced info from many sites and would like to give credit to where it is due.We do not intend to infringe any website's copyrighted material and we use the information for educational purposes and use information that are public in nature and hopefully protected by freedom of information laws. Also, when I created this website years ago, I took many pictures from the internet that may infringe your copyright. I will be slowly taking all these down and if the picture that belongs to you or your company is still there, please drop me an email and I will remove the pictures. If you found that any article in this website infringe your rights please let us know and we will take it down. Thanks.


References:

Forbes (The ultimate site for billionaire rankings)

CelebrityNetWorth (The ultimate site for net worth of celebrities)

TheRichest (Great site for things about money and rich people)

Wikipedia (Greatest site on earth for lots of information)