Barack Obama net worth is reported at $12.2 million dollars by Celebrity Net Worth. Obama was a former senator from Illinois before becoming the 44th president of the United States. He served three terms in the 13th district in Illinois Senate from 1997 to 2004.
IJReview disclosed Barack Obama net worth at $7 million dollars. The publication revealed that according to financial reports they have gathered, his net worth blew up 438 percent since the first time he ran for office when his net worth in 2007 was $1.3 million.
In an earlier report of International Business Times in 2014, President Barack Obama and first lady Michelle Obama listed their assets worth around $2 million and $ 7 million for 2013.
Barack Obama is the first African-American president of the U.S. Born in Honolulu, Hawaii. The 44th president attended both Columbia University and Harvard Law School where he stood as the president of the Harvard Law Review.
Obama worked as community organizer while at Harvard and after graduation, he served as a civil rights attorney in Chicago for 12 years in the years 1992 to 2004.
Where Barack Obama net worth does comes from? Obama has a reported annual income of $400,000 as the president of the United States.
Aside from working in the national office, Barack Obama net worth is much influenced by the book royalties he's receiving from the books he had written including "Dreams from My Father," "The Audacity of Hope" and "Of Thee I Sing: A Letter to My Daughters."
It has also been noted that Barack Obama net worth skyrocketed when he delivered his keynote speech at the 2004 Democratic National Convention where he caught the public's attention.
This led to his fame as a public figure that also brought massive sales to his 1995 book "Dreams from My Father: A Story of Race and Inheritance." His income displayed crucial growth from $200,000 to a hefty $1.7 million.
However, "Dreams from My Father" is not the only book that brought Barack Obama net worth significant increase. In October 2006, after "Audacity of Hope," his second book release, his income grew to $4.2 million after selling millions of copies of the book.
Part of Barack Obama net worth is also coming from his investments that have value between $180,000 and $482,000.
He also invested in Vanguard retirement funds and college savings plans.
While Barack Obama net worth is reported at $12.2 million dollars, The Richest declares Michelle Obama net worth at $11.8 million.
As of 2013, the Obamas earnings reported maximum treasury bills of $250,000, Vanguard retirement funds at $250,000 and Obama's JP Morgan Chase checking account at $500,000.
This year, DaveManuel.com reported an estimated average Barack Obama net worth of $3.79.
The website stated that Obama's other assets include US Treasury Notes, US Treasury Bills, Northern Trust Checking Account, Vanguard 500 Index Fund, Bright Directions College Savings 529 Plan, State of Illinois General Assembly Defined Benefit Pension Plan and Massachusetts Mutual, universal life.
