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EntertainmentPeople

What is Barack Obama Net Worth in 2018?

by Lana Vrzic November 14, 2018
by Lana Vrzic November 14, 2018

He is the 44th president of the United States of America. He was born in Hawaii and he graduated from Harvard Law School. His name is Barack Obama!
In 2009 he won a Nobel Peace Prize, and as of 2018 Obama’s net worth is estimated to be $40 million.

Contents

Early Life

Barack Obama was born on the 4th of August, 1961, in Honolulu, Hawaii. He spent a year of his childhood in Washington State, but he mainly grew up in Honolulu. He also moved to Indonesia for four years, when his mother remarried after she divorced Barack’s father in 1964. He then moved back to Honolulu to live with his maternal grandparents, where he attended and graduated from Punahou School in 1979.

After his high school, he again moved around. By 1981 he completed his freshman and sophomore years at Occidental College in Los Angeles and moved to New York City for his junior and senior years at Columbia University where he graduated in 1983. Obama entered Harvard Law School in 1988, and he graduated in 1991.

Career

After university, Obama taught constitutional law for twelve years at the University of Chicago Law School, first as a lecturer, then as a senior lecturer. During this time he joined Miner Barnhill and Galland; a large firm where he was specializing in civil rights litigation.

He became the Illinois state senator in 2005, by winning 70% of the votes. As a senator he co-sponsored two initiatives, Secure America and the Orderly Immigration Act. Already in late 2006, he started preparing for his presidential campaign.

In early January 2009 Barack Obama became the 44th United States President, and the first African American to be elected to the presidency. He served two terms until 2017, and the first thing he did was closing the Guantanamo Bay.

The first bill he signed into law was the Lilly Ledbetter Fair Pay act of 2009, which served to change the statue of limitations for equal pay law suites. He also ensured and supported further statues for LGBTQ rights, and supported the legalization of same-sex marriage, during his terms of presidency. In 2010 Obama signed into law the Patient Protection and Affordable Care Act, nicknamed Obamacare, which was the most significant U.S. healthcare system, since the Medicare and Medicaid in 1965.

In his final days in the oval office, Obama gave 330 commutations for non-violent drug offenders and commutations for over fifteen hundred other, including Chelsea Manning.

Highlights

Some of the best highlights of Barack Obama’s career:

NAACP Image Award – Chairman’s Award 2005

Best Spoken Word Album Grammy Awards for Abridged audiobook version of Dreams from my Father

2007 He received the NAACP Image Award for Outstanding Literary Work

2008 Best Spoken Word Album Grammy Awards for the abridged audiobook version of the Audacity of Hope

2009 Nobel Peace Prize

2017 John F Kennedy Profile in Courage Award

Obama also holds Honorary Doctorate of Laws recognitions from 14 universities.

Favorite Quotes

Barack Obama is one of and will be one of the most memorable presidents of United States of America because he generated many changes in both of his terms of presidency. He is still active in political advocacy. Barack and the former first lady Michelle established the Obama Foundation, a Chicago-based nonprofit organization, which runs the My Brother’s Keeper Alliance, and operates a scholarship program through the University of Chicago’s Harris School of Public Policy.

Parents

It is important to know the background of the former president in order for us to better understand his net worth. The father of Barack Obama was Barack Hussein Obama Sr. who used to be a Kenyan senior governmental economist. His profession only shows us that Obama had someone to look up to. In fact, his father was the central figure of Dreams from My Father, a memoir the president wrote.

His father got married in 1954 and had two children with his wife Kezia. However, his first marriage didn’t last long and he met his second wife, Stanley Ann Dunham at the University of Hawaii. She was the one giving birth to Barack, a former president. As for his father, he went to Harvard University for graduate school and there he earned an M.A. in economics. Later on, he moved back to Kenya.

As for Barack’s mother, she was quite an educated woman! She was an American anthropologist, specialized in the economic anthropology and rural development of Indonesia. Besides, studying at the University of Hawaii where she received her MA and later PhD, she also attended University of Washington in Seattle. Despite her amazing contribution in her field, her work drew more interest only when Barack became president.

Wife and Kids

Michelle Obama served as the First Lady of the United States from 2009 to 2017. She will be remembered as one of the most sophisticated and influential first ladies. Just like her husband Barack, she was well loved and her activities continued even after Barack’s term ended.

She was raised on the South Side of Chicago, Illinois and she managed to graduate at Princeton and Harvard Law School. She met her husband when she worked at the law firm Sidley Austin, which was in her early career days.

When her husband was in the White House, Michelle was an inspiration to women all over the country and the world as well. She used her position well to raise poverty awareness and instill healthy habits in the minds of people all over the country. Other than that, she was a writer and she supporter American designers. Many people still look up to her.

The couple has two daughters, Malia and Sasha. Being the daughter of the president is not an easy thing and the girls grew up in the public eye, but the girls used the benefits of it. They have big shoes to fill and Melia is already showing her skills. She graduated from Sidwell Friends School and got admitted to Harvard University whereas both she and Sasha were name two of the 25 Most Influential Teens of 2014.

Significance of His Mandate

When Obama won the election, it only showed that America was ready for the next step. It was the first time in the history of the USA that the citizens elected an African-American to run the country. It was a huge victory for the entire nation and it proved that they had gone long way. Even though there are still racial issues in the country, Obama’s presidency was a major step forward towards the solution.

While some people criticize his time in office, the others praise him, saying that he really stepped up as the presidents. Whatever you may think of him as the former leader of the state, he is a cool and lovable guy. And he managed to win popular votes with his wit, optimism and friendly nature.

Net Worth

And now the thing you have been wondering about. Being a president is far from easy and the pay has to be good so that he stays out of any shady deals. Besides being the former president, Obama has had a successful career outside politics and his knowledge has earned him a great deal. And as of 2018, Barack Obama’s net worth is estimated to be $40 million {Source}.

https://www.youtube.com/watch?v=sYmMcg28Tn8

 

View this post on Instagram

 

You’re not only my wife and the mother of my children, you’re my best friend. I love your strength, your grace, and your determination. And I love you more each day. Happy Birthday, @MichelleObama

A post shared by Barack Obama (@barackobama) on Jan 17, 2018 at 12:52pm PST

Have fun out there among the stars. pic.twitter.com/S285MTwGtp

— Barack Obama (@BarackObama) March 14, 2018

Barack Hussein Obama SrBarack Obamamichelle obamaNet WorthStanley Ann DunhamUS President
Lana Vrzic

Lana is a dedicated writer and Editor in Chief of TheFrisky, who has been with us from the beginning. Her diverse range of interests, from technology and business to health and wellness, allows her to bring a fresh perspective to each topic she covers.

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