From 2005 (when Barack Obama joined the us Senate) come 2016, the Obamas earned a full of $20.5 million from his government salary, publication royalties, investment income, and Michelle Obama's earnings from her project at college of Chicago Hospitals before she became the very first lady.
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Obama earn $400,000 a year during his eight years together president, and he earns an annual pension of around $200,000 together a previous president.
The lion's re-superstructure of the Obamas' fortune came from books. Native 2005 come 2016, Obama deserve $15.6 million in developments and royalties indigenous his books "The Audacity that Hope" and also "Of Thee ns Sing: A Letter to mine Daughters" and also royalties because that "Dreams From my Father."
But Barack's profitable career together an author isn't over. In 2017, he and Michelle signed book deals worth at least $60 million to each compose their very own memoirs.
Michelle's memoir, "Becoming," was released in November 2018. As of in march 2019, it had sold almost 10 million copies.
She's likewise sold 25 various items that merchandise related to the book, including mugs that sleeve for $20 and candles that retail for $35.
And Obama's memoir, "A Promised Land," to be published more recently in November 2020. That sold almost 890,000 duplicates in the US and also Canada in ~ 24 that its release.
Books aren't the Obamas' just foray right into media — in 2018 they signed a production attend to Netflix, which is approximated to it is in $50 million, follow to The new York Post.
That has a documentary film, "Becoming," accompanying Michelle's memoir. It released on may 6.
Former first lady Michelle Obama gift the Arthur Ashe vessel Award in ~ the ESPYS in ~ the Microsoft theatre on Wednesday, July 12, 2017, in Los Angeles. Invision/Chris Pizzello via linked Press
He apparently earned $800,000 for two speeches to northern Trust Corp. And the Carlyle Group and also a minimum that $1.2 million for 3 talks to wall Street this firm in 2017.
More recently, Michelle announced plans to hold an exclusive podcast through Spotify. 'The Michelle Obama Podcast' looks in ~ interpersonal relationships and also debuted in July.
All things considered, the Obamas could stand to knife as lot as $242.5 million in their post-presidency life, American University estimated in 2017. Yet here's exactly how they've spent their happiness so far ...
The Obamas think long-term once it pertains to their money. In 2007, Obama purchased Bright direction age-based development plans, each worth $50,000 come $100,000, to pay for Malia's and Sasha's college education. Malia began at Harvard in fall 2017, if Sasha began at the university of Michigan in fall 2019.
The Obamas additionally made an invest in actual estate. They required a new place come live after ~ leaving the White House, so they purchased an 8,200-square-foot mansion in Washington, DC, because that $8.1 million after previously renting it.
At the moment of purchase, that was supposedly the second-most-expensive home in the neighborhood, best behind Jeff Bezos' previous textile museum turn mansion.
The Kalorama ar of Washington, DC. Harrison Jacobs/Business Insider
In addition to their residence in Washington, DC, the Obamas still very own their residence in Chicago's Hyde Park community that they bought for $1.65 million in 2005. Castle took the end a $1.3 million mortgage top top the home. It's valued at about $2.5 million.
In late 2019, the Obamas reportedly purchased a 6,892-square-foot residence on Martha's Vineyard for $11.75 million. According to the report native the Vineyard Gazette, it sit on almost 30 acre overlooking the Edgartown great Pond.
The Obamas have additionally enjoyed number of vacations because leaving the White House. They first headed to southern California and eventually make their means to Necker Island, whereby Obama to be spotted kitesurfing v Richard Branson.
Obama additionally visited his house state the Hawaii and also the island the Tetiaroa in French Polynesia, whereby he checked into a luxury resort referred to as The Brando. A night over there in a one-bedroom villa can expense anywhere indigenous $3,034 to $4,318.
The Obamas have also been spotted on David Geffen's yacht v Oprah, Tom Hanks, and Bruce Springsteen; at a wine tasting in Tuscany; and river rafting in Indonesia.
The basic Services administration is compelled to administer a previous president with enough money come cover travel and business expenses, for this reason it's tough to say exactly how much that their own money the Obamas invested on your vacations.
us President Barack Obama has actually his tie readjusted by an initial lady Michelle Obama together they await the come of Chinese president Xi Jinping and Madame Peng Liyuan for a State Dinner in ~ the White house in Washington, September 25, 2015. Reuters
While Michelle has actually donned high-quality designer garments like pieces from Naeem Khan and a Versace gown worth an approximated $12,000 because that special events as the an initial lady, she's likewise known for her casual, relatable style. She's frequently been spotted in affordable brands favor J. Crew, Target, and Converse.
Of course, she demands the perfect outfit for day night, i beg your pardon she and Barack constantly make time for. The pair was when spotted attending a Beyoncé and also Jay-Z concert.
Not all facets of their lives are together lavish together their vacations. Michelle opts for a bag lunch, prefer turkey chili, end eating out, the former president's chief of employee told world magazine in 2017. And also she's a consistent at SoulCycle, which costs $36 a class or $900 for 30 classes.
The Obamas also spend a far-reaching amount of your money on philanthropy. Indigenous 2009 come 2015, they offered $1.1 million to charity, Forbes reported.
During that time frame, they donated come charities concentrating on African-American causes, veterans, catastrophe relief, homelessness and also housing, and health. An ext than fifty percent of their donations walk to organizations for children.
Obama donated all the post-tax earnings from his children's book, "Of Thee ns Sing," to provide scholarships for children of wounded and also fallen soldiers. The donations totaled $392,000 from 2009 to 2015.
In 2015, Obama's penultimate year in office, the Obamas donated much more than $64,000, or about 15% of their income, to 34 charities, Time reported, citing tax returns.
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But no one of this includes Obama's biggest donation to date: his $1.4 million Nobel peace Prize award in 2009, all of which the donated to multiple charities.
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