Barack Obama Net Worth

Net Worth:	$70 Million
Date of Birth:	July 27, 2024 (0 years old)
Gender:	Male
Height:	6 ft (1.85 m)
Profession:	Politician, Lawyer, Writer, Author, Law professor
Nationality:	United States of America

What is Barack Obama’s net worth? How does Barack Obama make his money? Below is the current net worth of Barack Obama and how Barack Obama makes his money.

What is Barack Obama’s Net Worth?

Barack Hussein Obama is an American politician who has a net worth of $70 million. He is the first African-American president of the united state and a member of the Democratic Party. From 2009 to 2017, he was the American Politician who served as the 44th president of the United State.

Early Life

Obama was born at Kapiolani Medical Center for Women and Children in Honolulu, Hawaii on 4 August 1961. He remains the only president born outside the contiguous 48 states. He was born to a Kenyan father and an American mother.

Ann Dunham, his mother was born in Wichita Kansas in 1942 and died in 1995. In 1960, Obama’s parents met in a Russian language class at the University of Hawaii at Manoa. On 2 February 1961, they got married in Hawaii and after six months of marriage, Obama was born.

In March 1964, Obama’s parents divorced. That same year, Barrack’s father returned back to Kenya, where he married his third wife and he worked for the Kenyan government as the Senior Economic Analyst in the Ministry of Finance.

In 1971, he visited his son once at Christmas. In 1982, when Obama was 21 years, his father was killed in an automobile accident. Ann met Lolo Soetoro at the University of Hawaii in 1963. On 15 March 1965, they got married on Molokai.

In 1966, Lolo returned to Indonesia and in 1967, Ann and his stepson joined him. The family initially lived in the Menteng Dalam neighborhood in the Tebet district of South Jakarta. Barack attended high school in Honolulu and graduated in 1979.

Ann and Lolo stayed in marriage until 1980. In 1995, Ann died suffering from cancer. In 1979, after graduating from high school, he relocated to Los Angeles to attend Occidental College where he earned a full scholarship.

In 1981, he transferred to Columbia University in New York City, where he got his degree in political science with a specialty in international relations. In 1983, he graduated from Columbia with a Bachelor of Arts degree and a 3.7 GPA.

Obama relocated from New York to Chicago two years after graduating from college. He was hired to work as a director for a non-profit called the Developing Communities Project. From 1985 to 1988, he worked there. From 1992 to 2004, he taught constitutional law at the University of Chicago Law School.

Career

Obama served on the boards of directors of the Woods Fund of Chicago from 1994 to 2002. From 1995 to 2002, he served on the board of directors of the Chicago Annenberg Challenge, and from 1995 to 1999, he served as the founding president and chairman of the board of directors.

In 2007, Obama’s law license became inactive. In 1996, he was elected to the Illinois Senate, succeeding Alice Palmer, the Democratic State Senator from Illinois’s 13th District. Obama gained bipartisan support for legislation that reformed ethics and health care laws once elected.

As co-chairman of the bipartisan Joint Committee on Administrative Rules in 2001, Obama supported Republican Governor Ryan’s Payday loan regulations and predatory mortgage lending regulations aimed at averting home foreclosures.

He lost a Democratic primary race for Illinois’s 1st congressional district in the United State House of Representatives to four-term incumbent Bobby Rush by a margin of two to one in 2000.

Obama became chairman of the Illinois Senate’s Health and Human Services Committee when Democrats, after a decade in the minority, regained a majority in 2003. In November 2004, Obama resigned from the Illinois Senate, following his election to the U.S. Senate.

Obama commissioned a poll to assess his prospects in a 2004 U.S. Senate race in May 2002 and in January 2003, he formally announced his candidacy. Obama was an early opponent of the George W. Bush administration’s 2003 invasion of Iraq.

In June 2004, Obama’s expected opponent in the general election, Republican primary winner Jack Ryan, withdrew from the race. Obama delivered the keynote address at the 2004 Democratic National Convention, seen by nine million viewers in July of that same year.

In January 2005, Obama was sworn in as a senator, becoming the only Senate member of the Congressional Black Caucus.  President Bush signed into law the Democratic Republic of the Congo  Relief, Security, and Democracy Promotion Act, marking the first federal legislation to be enacted with Obama as its primary sponsor in December 2006.

Obama sponsored an amendment to the Defense Authorization Act to add safeguards for personality-disorder military discharges later in 2007. This amendment passed the full Senate in the spring of 2008. In November 2008, Obama resigned his senate seat on to focus on his transition period for the presidency.

Obama’s campaign set numerous fundraising records during both the primary process and the general election. Obama became the first major-party presidential candidate to reject finances from the public in June 2008, in the general election since the system was founded in 1976.

Obama won the presidency with 365 electoral votes to 173 received by McCain on 4 November 2008. He took office in January 2009.

Personal Life

In 1991, Barack engaged Michelle Robinson and on 3 October 1992, they got married. In 1998, they had Malia Ann and in 2001, they had Natasha.

As of this writing, Barack Obama’s net worth is $70 million.

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