In comparison to most African nations, this will be too meagre for a head of state. President Barack Obama, the ruler of the most powerful country in the world, earns peanuts compared to some African leaders.
In the United States system, the President is entitled to a $100,000 entertainment budget, $100,000 for “unanticipated needs”, $50,000 general expense account, and $50,000 for travel.
When Obama hands over to another president, he will start earning an annual $200,000. As a clearly talented and brilliant talker, he is speculated to earn $500,000 – $1,000,000 per speech.
Obama, who does not pay a dime for rent at the White House, owns a house in Chicago where he lived with his family from 2005-2008. Aside the 6400 square foot home, the Obama’s still intend to remain in Washington DC till Sasha is done with High school.
Reports have revealed a $7 million mansion located in the Kalorama neighborhood, Washington, D.C. The house has a living room, dining room, Kitchen, 9 bedrooms, 8 bathrooms, a beautiful eco-friendly garden and a courtyard that accommodates as much as 10 vehicles.
On a more private note, Obama has shared interests in owning an NBA team and perhaps meant the joke about running a T-shirt shack in Hawaii.
All things being equal, Obama is predicted to hit a $100 million net worth in 10 years time. Funny enough we have Presidents in Africa who could gross that in a single year. Yet Africa needs “aid”.
Angola’s President Jose Eduardo Dos Santos with a stunning net worth of $20 billion is said to be Africa’s richest President at the moment. Obama’s net worth at $12 million is not even up to 1 percent of what the African president has.
Many have accused him of even having more than we know. His daughter, Isabel Dos Santos’ net worth is said to be an extension of his wealth.