US President Barack Obama’s net worth is not that easy to calculate and estimate. Barack Obama was born on august 4th, 1961 in Honolulu, Hawaii. He is a graduate of Columbia University and Harvard Law School. While studying at Harvard Law School, he was the president of the Harvard Law Review. Obama also worked as a community organizer in Chicago. After finishing his graduation Obama worked as a civil rights attorney in Chicago. He used to teach constitutional law at the University Of Chicago Law School (1992-2004).
Barack worked as a director of developing communities Project and started his political career in 1996. He announced his candidacy for president of United States in 2007 and won as well. Apart from this, he has achieved a lot in the political field by taking bold decisions. His simplicity and sense of humour are well known to the world and earned him a good name across the world. Obama has served three terms in the Illinois Senate and is the first African American President of the United States.
The assets can be defined as the things which you possess that have monetary value. It might be liquid or non-liquid. Liabilities represent the drain of your resources. Let’s check out what Barack Obama has got. Read more to know about net worth of Barack Obama.
- He ranks 21st in wealth among the presidents of US so far.
- Obama being the 44th president of the United States is an author and a very popular person in the world. Barack Obama Net worth is $12.2 million. He had got a $1.4 million which is Nobel Prize money. But he donated it to charity and his primary home.
- He is an author of books namely ‘Dreams of My Father’ and ‘The Audacity of Hope’ etc. When he ran for the presidency, he managed to sell millions of copies of his books during the campaign. A 100,000 copies of his books got sold a week after the election. Barack Obama net worth keep increasing because Obama could even earn lots of millions of dollars a year just by giving speeches all the time.
- President Barack Obama’s salary is actually $400,000 a year. He can get up to a $150,000 as an expense account. And also a $100,000 tax free travel account. His entertainment budget counts up to $20,000.
Barack Obama net worth has been tremendously increasing in the last eight years at a pace of 438 percent. Let’s wait and watch how it is going to be in the following years!!
Obama is the first African American President and has net worth of $12.2 million. His net worth is on a increase and is extremely inspiring.
Taken from : http://celebnetwealth.com/president-barack-obama-net-worth-salary/