Did obama make side money while he was president

The Obamas are a busy couple, even when they’re not buying real estate. From speaking at events around the world to writing memoirs and signing presideht massive production deal with Netflix, the Obamas’ life after the White House has been full and very lucrative. For her part, Michelle Obama’s memoir » Becoming » was published in November and became the year’s No. And based on all the projects the couple has taken on in the short time since leaving the White House, we can only expect them to make many millions. From philanthropic efforts to vacationing where the sun shines to making long-term investments in his daughters’ education, here’s how the Obamas spend their fortune. Source: Mashable. Source: New York Post. Source: CNBC. Source: American University. Source: Business Insider.

Who Is Barack Obama?

President of the United States is one of the most powerful positions in the world. It’s a job associated with long hours, decision making and constant travel, one where you are in the public eye and always in the news. Unsurprisingly, all of those responsibilities lead to a hefty paycheck. President is a job that pays, if you can get it — and historically many presidents already had great wealth prior to holding the office. What is the yearly salary of a sitting U. Current U. That yearly salary became official in January of , meaning former Presidents George W. Bush and Barack Obama made the same yearly salary. And as mentioned previously, many presidents have already had wealth through the jobs they had prior to politics, in industries like real estate, law, entertainment, or having prior family money. So wealthy presidents made the decision to give their salary away. President Trump reportedly did this in his first year, as White House press releases after each fiscal quarter said he was donating that quarter’s salary to different government departments: National Parks Service in the first quarter, Department of Education in second quarter, Department of Health and Human Services HHS in third quarter, and the Department of Transportation in fourth quarter.

Quick Facts

He’s not the only one to do it; John F. Kennedy who, like Trump, came from a family of wealth and Herbert Hoover a successful mining engineer and businessman prior to being the president also gave away all of their salaries. Others, while not donating their entire salary, made their share of sizable donations. In addition to the hefty salary, the POTUS also gets free housing via the White House, free transportation in limos and hotels, and health insurance that includes a medical staff available in the White House. Donald Trump is notoriously cagey, to put it mildly, about releasing information on his tax returns, but we know from the tax releases of former Presidents that this is true. Several times since the position was created, the official salary of the president, dictated by the U. This salary increase became effective midway through Ulysses S. Grant’s tenure as U. President and lasted through Theodore Roosevelt’s tenure.

As president, Barack Obama earned $400,000 a year

On Jan. While his net worth is nowhere near that of his successor, Obama will leave office a very rich man. Based on a recent study by American University in Washington, D. Here is a look at Obama as he turns over the presidency, his net worth and plans for the future.

The Obama family came from humble beginning and has generously donated to charities.

Barack Obama was the 44th president of the United States and the first African American commander-in-chief. He served two terms, in and The son of parents from Kenya and Kansas, Obama was born and raised in Hawaii. After serving on the Illinois State Senate, he was elected a U. He and wife Michelle Obama have two daughters, Malia and Sasha. Obama’s father, Barack Obama Sr. Obama Sr. Dunham’s mother, Madelyn, went to work on a bomber assembly line. After the war, the couple studied on the G.

Bill, bought a house through the Federal Housing Program and, after several moves, ended up in Hawaii. They married on February 2,and Barack II was born six months later. His father left soon after his birth, and the couple divorced two years later. Several incidents in Indonesia left Dunham afraid for her son’s safety and education so, at the age of 10, Obama was sent back to Hawaii to live with his maternal grandparents.

His mother and half-sister waw joined. As a child, Obama did not have a relationship with his father. When his son was still an infant, Preident Sr. Obama’s parents officially separated several months later and ultimately divorced in Marchwhen their son was two. Soon after, Obama Sr. Obama struggled with the absence of his father during his childhood, who he saw only once more after his parents divorced when Obama Sr. While living with his grandparents, Obama enrolled in the esteemed Punahou Academy.

He excelled in basketball and graduated with academic honors in As one of only three black students at the school, he became conscious of racism and what it meant to be African American. Obama later described how he struggled to reconcile social perceptions of his multiracial heritage with his own sense of self: «I noticed that there was nobody like me in the Sears, Roebuck Christmas catalog. Obama entered Occidental College in Los Angeles in After two years, he transferred to Columbia University in New York City, graduating in with a degree in political science.

He graduated magna cum laude from Harvard Law in Wws graduating from Columbia University as an undergrad, Obama worked in the business sector for two years. He moved to Chicago inwhere he worked on the impoverished South Side as a community organizer for low-income residents in the Roseland and the Altgeld Gardens communities.

It was during this time that Obama, who said he «was not raised in a religious household,» joined the Trinity United Church of Christ. He also visited relatives in Kenya, and paid an emotional visit to the graves of his biological father, who died in a car accident in Novemberand paternal grandfather.

The next year, he met with constitutional law professor Laurence Tribe. Their discussion so impressed Tribe, that when Obama asked to join his team as a research assistant, the professor agreed. InObama joined the Chicago law firm of Sidley Austin as a summer associate, where he met his future wife Michelle.

Obama met Michelle Robinson, a young lawyer who was assigned to be his adviser at the Chicago law firm of Sidley Austin. Not long after, the couple began dating. On October 3,he and Michelle were married. They moved to Kenwood, on Chicago’s South Side. Barack and Michelle Obama welcomed two daughters several years later: Malia born and Sasha born He also taught constitutional law part-time at the University of Chicago Law School between and — first as a lecturer and then as a professor — and helped organize voter registration drives during Bill Clinton’s presidential campaign.

Hhe work received high praise from literary figures such as Toni Morrison. It has since been printed in more than 25 languages, including Chinese, Swedish and Hebrew. The book had a second printing idd and was adapted for a children’s version.

Obama’s advocacy work led him to run for a seat in the Illinois Mlney Senate as a Democrat in During his years as a state senator, Obama worked with both Democrats and Republicans to draft legislation on ethics, as well as expand health care services and early childhood education programs for the poor.

He also created a state earned-income tax credit for the working poor. As chairman of the Illinois Senate’s Health and Human Services Committee, Obama worked with law enforcement officials to require the videotaping of interrogations and confessions in all capital cases after a number of death-row inmates were found to be innocent. InObama made an unsuccessful Democratic primary run for the U. House of Representatives seat held by four-term incumbent candidate Bobby Rush.

Undeterred, he created a campaign committee in and began raising funds to run for a monney in the U. Senate in With the help of political consultant David Axelrod, Obama began assessing his prospects for a Senate win. Bush’s push to go to war with Iraq. Obama was still a state senator when he spoke against a resolution authorizing the use of force against Iraq during a rally at Chicago’s Federal Plaza in October I’m opposed to dumb wars,» he said.

Encouraged by poll numbers, Obama decided to run for the U. Senate open seat vacated by Republican Peter Fitzgerald in the Democratic primary. He defeated multimillionaire businessman Blair Hull and Illinois Comptroller Daniel Hynes with 52 percent of the vote.

That summer, he was invited to deliver the keynote speech in support of John Kerry at the Democratic National Convention in Mske. Obama emphasized the importance of unity and made veiled jabs at the Bush administration and the diversionary use of wedge issues. After the convention, Obama returned to his U. Senate bid in Illinois. His opponent in the general election was supposed to be Republican primary winner Jack Ryan, a wealthy former investment banker.

However, Ryan withdrew from the race in June following public disclosure of unsubstantiated sexual deviancy allegations by his ex-wife, actress Jeri Ryan. In Augustdiplomat and former presidential candidate Alan Keyes accepted the Republican nomination to replace Ryan. In three televised debates, Obama and Keyes expressed opposing views on stem cell research, abortion, monfy control, school vouchers and tax cuts.

In the November general election, Obama received 70 percent of the vote to Keyes’ 27 percent, the largest electoral victory in Illinois history. With his win, Obama became only the third African American elected to the U. Senate since Reconstruction. Sworn into office on January 3,Obama partnered with Republican Senator Richard Lugar of Indiana on a bill that expanded efforts to destroy weapons of mass destruction in Eastern Europe and Russia.

Then, with Republican Senator Tom Coburn of Oklahoma, he created a website to track all federal spending. Obama also spoke out for obana of Hurricane Katrina, pushed for alternative energy development and championed improved veterans’ benefits. The work discussed Obama’s visions for the future of America, many of which became talking points for his eventual presidential campaign. Shortly after its release, the book hit No.

In FebruaryObama made headlines when he announced his candidacy for the Democratic presidential nomination.

He was locked in a tight battle with former first lady and then-U. On June 3,Obama became the Democratic Party’s presumptive nominee after winning a sufficient number of pledged delegates during the primaries, and Clinton delivered her full support to Obama for the duration of his campaign.

His running mate, Delaware Senator Joe Bidenbecame vice president. Obama’s inauguration took place on January 20, When Obama took office, pfesident inherited a global economic recession, two ongoing foreign wars and the lowest-ever international favorability rating for the United States.

He had campaigned on an ambitious agenda of financial reform, dir energy and reinventing education and health care — all while bringing down the national debt. Because these issues were intertwined with the economic well-being of the wqs, he believed all would have to be undertaken simultaneously.

During his inauguration speech, Obama summarized the situation by saying, «Today I say to you that the challenges we face are real. They are serious and they are. They will not be met easily or in a short span of time. But know this, America: They will be met. Between Inauguration Day and Did obama make side money while he was president 29,the Obama administration took action on many fronts. In his first days in office, Obama coaxed Congress to expand health care insurance for children and provide legal protection for women seeking equal pay.

Housing and credit markets were put on life support, with a market-based plan to buy U. Loans were made to the auto industry, and new regulations were proposed for Wall Street. Obama cut taxes for working families, small businesses and first-time home buyers. Obama undertook a complete overhaul of America’s foreign policy. He lobbied allies to support a global economic stimulus package.

He committed an additional 21, troops to Afghanistan and set an August date for withdrawal of nearly wwas U. In more dramatic incidents, Obama ordered an attack on ma,e off the coast of Somalia and prepared the nation for a swine flu outbreak.

He signed an executive order banning excessive interrogation techniques and ordered slde closing of the military detention facility at Guantanamo Bay in Cuba within a year a deadline that ultimately would not be met. As he did induring his campaign for a second presidential term, Obama focused on grassroots initiatives.

Celebrities such as Anna Wintour and Sarah Jessica Parker aided the president’s campaign by hosting fundraising events. And we’ll remind the world just why it is that the United States of America is the greatest nation on Earth.

Representative Paul Ryan.

Was Obama a Good President?

President Barack Obama is officially out of a job. We know that the Obamas are jetting away to Palm Springs right after the Trump inauguration for a vacation. And that they are renting an 8,square-foot house in Washington, D. Other than that, however, where President Obama goes and what he does are largely mysteries.

The Obamas entered the White House with a $1.3 million net worth in 2008. That has since grown to $40 million, according to a 2018 estimation.

As for how much money Obama will earn in his years as an ex-president, here are some of his possible sources of future income. Obama, along with ex-presidents Carter, both Bushes, and Clinton, will also receive federal money to cover expenses such as office space and staff. Infor example, George W.