Obama net worth

Obama net worth

Net Worth: $12.5 Million

About Obama

The incumbent United States President Barack Obama was born in Honolulu, in 1961. Before venturing into politics, for many years he has worked as a lawyer, specializing in civil rights. In the mid 1990s Obama became a member of the Illinois State Senate. Four years after leaving this position he became the 44th President of the United States. After defeating his Republican political rival Mitt Romney in 2012, Barack was re-elected for the second term in office. His political agenda currently centers on changing health care system and overcoming a slowly receding economic crisis. To date, Obama net worth amounts to $12.2 million.

The incumbent President was born to Ann Dunham and Stanley Obama. His mother grew up in Wichita, where her father came to work in the early 1930s, after he lost his job to the Great Depression. When Pearl Harbor was struck by the Japanese bombs, Obama’s grandfather joined American Army on its way to Europe. After several years bouncing from one place to another the Dunhams settled in Hawaii, where Ann met her future husband Barak Obama Sr. The couple ran into each other while studying at University of Hawaii in Manoa, where Obama’s father immigrated from Kenya. They got married 1961 and only half a year later Ann gave birth to their son.

Back in the day their financial situation was pretty tuff and it was hard to believe that one day Obama net worth will leap over $12 million. It was even harder to imagine that the baby will grow up to become the first Afro-American president of the United States. Soon after the boy was born, Obama Sr. left his wife and infant child to pursue a dream to study at the prestigious Harvard University. His marriage did not bear this test: divorce was finalized in 1964. After finishing his studies Obama Sr. returned to Kenya, losing the chance to reunite with his son.

Meanwhile, Ann re-married an Indonesian student and moved to live in his homeland, taking her son with her. The newly-molded family settled in Jakarta, where Obama’s half-sister, named Maya Soetoro Ng, came to the world. The future president lived in Indonesia for several years, until Ann sent him back to the United States, for the sake of his own education and safety. Looking from the perspective and considering the current Obama net worth, as well as his achievements in politics, it seems like she made a right decision. However, it is important to mention that his presidential salary, which amounts to $400 thousand dollars, in not the key source of Obama net worth. His fortune rocketed up back in 2007, following the release of his second book, Audacity of Hope.

Now you have an idea why Obama net worth is this huge

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