The Obamas are balling: Ex-presidential family is rolling in it

The Obamas are balling: Ex-presidential family is rolling in it

- The Obamas still have constant streams of income even after leaving the US presidency

- Part of what made the family $40 million rich was Barack Obama's royalties from books and speaking fees

- The former president's book, Dreams from My Father, was one of the world's bestsellers during his terms in office

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Former president of America, Barack Obama, has been a very busy person since he left the US presidency. Some of his activities include writing and public speaking.

Business Insider reports that the Obamas have an estimated nett worth of $40 million. Throughout his eight-year-presidency, he was only able to make $20 million from his salary as the first citizen, investments and book royalties.

His book, Dreams from My Father, was written in 1995 when he was running for his first seat in the Illinois Senate and was later re-released in 2004. The book became a big hit during his first term as president.

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Royalties from Obama's books contribute to the family's wealth.
Photo source: Getty Images/Mark Wilson/Scott Olson

Royalties from Obama's books contribute to the family's wealth. Photo source: Getty Images/Mark Wilson/Scott Olson
Source: UGC

He once said on a campaign ground:

"Before this book started selling, we were living in a condo and we had two cars, but one of them was beat up.”

It should be noted that his massive deal with Netflix and the six-figure pension all contribute to the family’s big fortune.

Some of the things the Obamas spend their money on are vacations and making calculated long-term investments in their children’s education.

Meanwhile, it was earlier reported that Obama and former First Lady Michelle separately topped the list of world's most admired men and women according to a survey by YouGov, a popular London-based opinion data analytics firm.

They were lined up against other world's top leaders, celebrities and entrepreneurs and were side-by-side voted as the most admired in their respective gender categories.

The former president faced off with prominent figures, among them the incumbent president of the US Donald Trump, Bill Gates and Russian President Vladimir Putin.

Majority of Americans believe they are better off under Trump, poll shows

Obama deposed Bill Gates from his position as the world’s most admired man for the first time since the pollster began its survey in 2014.

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Source: Briefly.co.za

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