Barack Obama Net Worth, How did one of the former president of the United States of America acquire such wealth? Check this article to find out more about Barack Obama Net Worth, his career and his personal life.
About Barack Obama
Barack Obama is the former President of the United States of America a position he held for a period of eight years and was succeeded by Donald Trump.
Before he became the President, he has been an active politician and attorney. Obama served in the Illinois state senator and also as a federal senator for Illinois.
He is known for signing the same-sex marriage law, execution of Osama Bin Laden and also withdrawing US troops from Afghanistan.
Obama has received the Nobel Prize for peace due to his efforts at enhancing international diplomacy and cooperation between people.
So what is Barack Obama Net Worth? Read on to find out more about Barack Obama Net Worth.
|Full Name:||Barack Obama|
|Date of Birth:||August 4, 1961|
|Net Worth:||$40 Million|
Barack Obama Early Life and Career
Barack Obama was born on August 4, 1961, in Honolulu, Hawaii to a black father and white mother. His mother Ann Dunham is from the United States and Father Obama Snr from Kenya.
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"Last year, across every race, across every age group in America, incomes rose and poverty fell. The typical household income grew by about $2,800—which is the single-biggest one-year increase on record. We lifted 3.5 million people out of poverty, the largest one-year drop since 1968." —President Obama
While Barack Obama was still a toddler, he moved with his mom to the University of Washington, Seattle while his dad completed his schooling in Hawaii graduating with an economics degree in 1962.
His dad later moved on to Harvard University where he obtained a master’s degree in economics. His parents got divorced in 1964 which led to his dad moving back to Kenya while he remained with his mom in the United States. His mom got married to Lolo Soetoro an Indonesian in 1965.
Barack Obama started his education at St. Francis pre-education school. Thereafter, he went on to Punahou school in Honolulu.
Then after High school, he proceeded to study at Occidental college in 1979. In 1983, he was later transferred to Colombia University New York where he obtained a bachelor of arts degree.
After graduation, Obama briefly worked as a financial researcher at the Business International Corporation.
He worked as a community organizer for a church-based community organisation in Southern Chicago in 1985. Obama later left to work as a consultant for Gamaliel Foundation.
Upon graduation from the University of Chicago law school, he began practising his profession with a law firm by the name Davis, Miner, Barnhill and Galland which had a speciality in civil rights litigation where he worked for three years.
Between 1992-2004, he taught the law on a part-time basis at the University of Chicago law school. He held the position of a lecturer for four years but got promoted to the position of senior lecturer, a position he held for eight years.
Obama engaged in voters registration during the 1992 elections. He also served as a member of the board of reputable firms and foundations.
He ran for the Illinois state Senate as a Democrat in 1996 and won. This was the beginning of his political career. Obama was bipartisan as he supported legislation that had positive effects on the lives of people.
Barack Obama legislated more on health care, welfare, and ethics. He got reelected in 1998 and 2002 but lost in 2000 when he contested for the US House of Representatives elections.
However, in 2004, after careful planning and thorough prospecting, Obama contested for the US Senate and had a landslide victory that gave him popularity among the Democrats. He was sworn in 2005.
Obama sponsored bills that promoted accountability and transparency in government. In 2008, he resigned to pursue his presidential ambition.
He ran for the position of President as a Democrat against John McCain of the Republican in 2008. Obama won both the electoral college and popularity votes which made him the first African American elected president of the United States.
In 2012, he got re-elected after defeating Mit Romney of the Republicans. During his stint as president, Obama notably supported the same-sex marriage law, removal of US troops from Iraq and Afghanistan.
During the hit of recession, he also signed an economic stimulation pack and reduced the unemployment level from 7.7% to below 3.9%. He also notably implemented child health care and energy policies.
On January 20, 2016, Barack Obama handed over to Donald Trump.
Barack Obama Net Worth
As of 2019, Barack Obama Net Worth is $40 million. When Obama was president he was entitled to a $400,000 annually and as a former president he receives half of that yearly.
The majority of Barack Obama Net Worth is accumulated from sales of books, investment income, royalties, and public speaking.
Barack Obama Personal Life
Obama currently stays in Kalorama, Washington with his family. He is married to Michelle Obama and blessed with two children.
Awards and Recognition
The former US President has received numerous awards and recognition during his lifetime which includes:
-NAACP image award-Chairmans award: 2005
-Grammy Awards for Best Spoken Word Album: 2006/2008
-Nobel Peace Prize: 2009
-NME Award for Hero of the Year: 2013
-Profile in Courage Awards: 2017
-Shorty Industry Award for Best in Government and Politics: 2018
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