in ,

Life Beyond Presidency- Barack Obama Maintains His Net Worth, See How US Former Leader Works To Stay Rich

The US Ex president is a productive writer, with three books added to his repertoire and another joint arrangement in progress with previous first woman Michelle Obama. The arrangement was inked with Penguin Random House and is worth up to $65 million, as per NBC News. A noteworthy lump of Barack Obama’s fortune is because of book arrangements and book sovereignties. As indicated by money related revelations, he has earned more than $10 million from his current titles.

Celebrity Net Worth reports both Barack and Michelle Obama’s current net worths as $40 million, but according to data collected by [email protected], the online business analytics degree from American University, the Obamas could make as much as $242 million post-presidency.

Barack Obama earned $400,000 a year throughout his entire eight-year term as President of the United States. On April 15, 2016, Mr. Obama released his 2015 tax returns, which showed that he and his wife filed jointly and reported an adjusted gross income of $436,065. They paid $81,472 in taxes according to their 18.7 percent tax rate. They also donated a total of $64,066 to more than 30 charities.

Loading...

According to USA Today, Obama is likely to return to his community activist roots. That will likely include work on issues that were important to him during his presidency, such as gun control, immigration, nuclear nonproliferation, race relations and criminal justice reform.

According to the 1958 Former Presidents Act, Obama will receive the salary of a Cabinet secretary for the rest of his life. Currently, that’s $205,700 a year. Among the other perks are health insurance and round-the-clock Secret Service protection until his death.

 

The costs of Secret Service protection are not made public, but Obama will also receive funds for an office, staff and related expenses, which George W. Bush took advantage of to the tune of $1.1 million in 2015.

Many presidents establish foundations and enjoy lucrative second careers as in-demand speakers and authors. Obama is set to give a speech in September at a healthcare conference run by Cantor Fitzgerald, a trading and investment firm, according to The New York Times. His fee for that event is reported to be $400,000, the same as his presidential annual salary.

Either way, Obama is the first former president in nearly 100 years to remain in Washington, D.C., after leaving office. He and the family remained in town so his youngest daughter, Sasha, could finish high school.

Barack Obama left the office of the president a very rich man. With his post-presidential speaking and book deals, he stands to become even richer.

 

Loading...

Written by How Africa

Leave a Reply

Your email address will not be published. Required fields are marked *

CAPTCHA


Here Are The Top 5 Most Influential DJs In Ivory Coast

VC4A Launches Learning Resource For African Startups