Today is former president Barack Obama’s 56th birthday, and he certainly has a lot to celebrate.
After his 8 year presidency, he’s been off on vacation, and has signed book and other deals worth millions.
So what is former President Barack Obama net worth in 2018? How much is he making now? Read on…
Barack Obama came into the Presidency in 2008 without a ton of wealth. Being a lawyer, and married to a lawyer, he had money, but he wasn’t nearly as rich as some of the other people in Washington DC.
In fact, the vast majority of people in elected office in Washington DC are multi millionaires.
During the presidency, Obama earned $400,000 per year — another good salary, but nothing in comparison with what he would earn afterwards.
After leaving elected office is when most former officials get rich, and Obama is no exception.
Most of the money is coming from the record setting book deal that Barack Obama and his wife, Michelle Obama, have signed.
The two got together and negotiated joint rights for their books, and the total payout is likely to be in the $60 million range.
So what is Barack Obama net worth in 2018? Well it depends a lot on whether you include the future proceeds for the books in the deal.
If you include the total value of Obama’s book deals, we estimate Barack Obama net worth at around $70 million in 2018.
However, if you only include his current assets, the amount is closer to $20 million.
Barack Obama’s net worth is expected to skyrocket in the future, given his book deals and potential speaking engagements.
We know that Obama and Michelle have signed on with speaking bookers, and are expected to collect $200,000+ per speech. Additionally, the Obamas have a government pension worth several hundred thousand dollars per year, and will likely have other book/promotion deals.
In total, expect Barack Obama net worth to be in the $200 million range within a decade or so.