Barack Obama Net Worth, Earning and Salary 2016
The 44th president of the United States of America and the first African American to have held the Chair, Barack Obama is one of the most known faces or rather definitely the most known face in world politics. The president has always been able to make a mark with his decision making ability and the good work that he has done in the country in his present tenure. Obama had won the elections in the year 2009, where he defeated George W. Bush by a good margin and turned out to become a new rising face of the states. Here we would be talking about the net worth of Barack Obama, his income, salary and earnings.
HOW MUCH BARACK OBAMA NET WORTH 2016 – 12.20 MILLION DOLLAR
Obama personal life and career:
The President was born in Honolulu in the year 1961 to parents mother Stanley Ann Dunham and father Barack Obama, Sr. However, Obama’s parents have separated for long and he has grown up with his mother. He had also spent most of his college preparatory days with his grandparents, who lived in Honolulu. Obama lost his father in a car accident in the year 1982 and his mother died in the year 1995 just after getting her PhD in 1992. His mother died of ovarian and uterine cancer. After the completion of his graduations, Obama was hired by Developing Communities Project as a director in the firm little did he imagine then that one day Obama net worth would be from politics being the president of USA. Obama worked in the company from 1985 to 1988. The president did many a corporate job before finally getting into politics. Ha had also passed his law from the Harvard Law University and also had held many notable positions in the University during the course and Barack Obama earnings grew because of this. The highlighted political life of the leader started in the year 1996, when he succeeded Alice Palmer as the Democratic State Senator. He moved on to various heights with this and his active political life concerning the nation started. The Harvard University scholar tried hard to make it a point to have a good campaign during his initial days after the announcement of his candidature for the post of the President of the nation in the year 2007. The President once again had to campaign for himself in the year 2012, when he was fighting for the retention of his presidential candidature and successfully won again to have Barack Obama income from the president-ship only. And yet again the leader emerged victorious among his opponents.
The net worth of Barack Obama:
While calculating Obama net worth, we would have to keep everything in mind that includes the salary that he gets as a president, expense accounts and many such perks as described by the constitution of the nation to support and suffice the president of the nation. Barack Obama salary is $400,000 a year. His expense account has a balance of $150,000, and also has a budget of $100000 tax free travel allowance and the other allowance lies in the $20,000 entertainment budget. Obama has also written and published two books and the president of the USA also earns from them, namely Dreams of My Father and The Audacity of Hope. All these help the president be one of the richest and one of the most influential political leader of all time. We hope him the best of health and the best of everything that he would ask for.
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