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Barack Obama Net Worth – How Wealthy is the 44th President?

Barack Obama Net Worth

Barack Obama Net Worth

Barack Obama’s financial success has persisted even after he left the White House. A Promised Land” was launched in November 2020 and sold 3.3 million copies by December 2020, making it one of the best-selling political memoirs in history. He also inked a hefty Netflix agreement with his wife, the former first lady, Michelle Obama, last year.

Barack Obama’s Life Beyond the Presidency

Obama is currently one of five surviving former presidents, and he has returned to his community activist roots, working on causes that were important to him during his presidencies, such as gun control, immigration, nuclear nonproliferation, and race relations, and criminal justice reform. Obama continues to raise public awareness of these concerns and work toward social change through his production firm, numerous organizations, social media, and speaking engagements.

For the rest of his life, Obama will be paid the salary of a cabinet secretary under the terms of the 1958 Former Presidents Act. That’s his yearly pension of $205,700. Health insurance and Secret Service security till death are among the other benefits.

President Obama will get cash for an office, staff, and related expenses in addition to the protection provided by the Secret Service.

Barack Obama’s Netflix Deal

As a producer, Obama intends to expand his area of influence and, potentially, his wealth. He and Michelle Obama announced a contract to create shows and features for Netflix in 2018.

“Barack and I have always believed in the power of storytelling to inspire us,” Michelle Obama stated in the formal statement.

Netflix would not divulge the financial details; The New York Times, however, stated that comparable deals had been valued at tens of millions over several years.

At Higher Ground Productions, the Obama family has also published “American Factory,” which won an Oscar, “Becoming,” and “Crip Camp,” which has a rare 100 percent fresh rating on Rotten Tomatoes, among other titles. “Our Great National Parks,” a Netflix docuseries with Obama as narrator, was released just a few weeks ago. “Satellite,” a sci-fi film, “Firekeeper’s Daughter,” and several other films are on the way.

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Barack Obama’s Speaking Fees

Presidents often set up foundations and have profitable second careers as sought-after speakers and authors, and the Obamas are no exception to this rule. During a healthcare conference hosted by trading and financial firm Cantor Fitzgerald in September 2017, the former president gave a lecture, according to The New York Times. The price for that event was said to be $400,000, which is equal to his annual income as president.

Analytics@American projected that the Obamas might earn “a conservative $200,000” per speech by giving around 50 addresses a year.