How much are Michelle and Barack Obama worth? Former first couple widen impressive portfolio with Netflix, book deals
The former first couple is now looking to buy a 7,000sqft home in Martha's Vineyard that is worth a whopping $14,850,000
US President Donald Trump recently took to Twitter to call on the Congress to get over the Mueller report and instead focus on a former first family's books.
"House Judiciary has given up on the Mueller Report, sadly for them after two years and $40,000,000 spent—ZERO COLLUSION, ZERO OBSTRUCTION," Trump tweeted, "So they say, OK, let's look at everything else, and all of the deals that 'Trump' has done over his lifetime. But it doesn’t work that way. I have a better idea. Look at the Obama Book Deal or the ridiculous Netflix deal," he added before moving on to slam other democrats.
The Obamas who graced the White House from 2009 to 2017 have been exploring other interests following their departure from the White House. The former first couple has since signed deals with Netflix and a book publisher and is also engaged in numerous philanthropic projects.
This begs the question: how much are the Obamas worth?
According to a 2018 estimate, Barack Obama’s net worth is $40 million and, according to Forbes, the power couple earned $20.5 million between 2005 and 2016. Michelle’s net worth is also said to be $40 million.
Newsweek reported that Obama’s annual pension after leaving the White House is more than $200,000 and he also received approximately $400,000 for public speaking events. According to CNBC, Obama reportedly earned $800,000 for two speeches and a minimum of $1.2 million for three talks on Wall Street.
His presidential salary is estimated to be $400,000 a year for the eight-year term.
The Obamas also signed a two-book deal with Penguin Random House which went on to be a very successful one and was reportedly worth more than $65 million. In 2017, Barack's memoir 'Dreams From My Father' made a reported $6.8 million in total. Michelle's memoir 'Becoming' sold around 10 million copies across the globe.
In 2018, the Obamas founded Higher Ground Productions and signed a production deal with Netflix for a "high eight-figure deal", according to CNN. The first project in the collaboration—a documentary called 'American Factory'—debuted on the streaming platform on August 23.
The Obamas, however, aren't all about making money.
The family took a luxurious vacation through Europe after leaving the White House that ended at George Clooney's Lake Como Villa in Italy in June earlier this year. The family, while in France, stayed in a palatial 18th-century farmhouse on the banks of the Rhone river that is owned by an American family and costs about $62,000 a week.
The couple is also almost certainly buying a home in Martha's Vineyard outside Edgartown that is worth a whopping $14,850,000. Located on a pond, the home is almost 7,000-square-foot and has seven bedrooms, eight baths, multiple entertaining spaces including a vaulted ceiling living room with a stone fireplace, a chef’s kitchen, and formal dining room surrounded by a wall of windows.