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Barack Obama’s growing fortune — How does the previous President earn his MILLIONS? | Celebrity News | Showbiz & TV

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Barack Obama became a household name world wide when he was first elected as president of the US in 2008. Today, he celebrates his 61st birthday and just over five years since he left office, Obama is currently earning more now than he did as head of state. 

Obama served two terms in office as president between 2009 and 2017, earning $400,000 (£330,000) per yr.

Now, five years out of office, Obama is believed to be price $70million (£57million) based on Celebrity Net Price. 

He began his political profession as a part of the Illinois Senate in 1996 and have become a senator in 2004 earning greater than $150,000 (£123,000) per yr. 

When Obama took the position as president, his base salary was $400,000 (£330,000) but there have been other financial perks of the office. 

He reportedly received a $150,000 (£123,000) expense account, $100,000 (£82,000) travel account and $20,000 (£16,000) entertainment budget. 

READ MORE: ‘Not what I agreed to’ John Cleese ‘walks out’ of BBC interview over line of questioning

The book was republished in 2004 after he spoke on the Democratic National Convention to great acclaim and quickly became a bestseller. 

His next book, The Audacity of Hope, published in 2006, also became a bestseller and earned him over $1.5million (£1.24million) in 2008. 

Following his retirement, publishers began a bidding war for the rights to Obama’s next book, with Penguin Random House winning. 

The publisher reportedly paid $65million (£53million) for the rights to each Obama and his wife Michelle’s upcoming books. 

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The worth tag saw this deal earning the title of biggest publicly known non-fiction book deal. 

Following in second place is one other former president, Bill Clinton, with a whopping $15million (£12million) deal. 

Obama also became the primary former president of America to remain in Washington after retiring, because the family remained on the town in order that their youngest daughter could finish her last two years of highschool. 

In response to CNBC the family’s current home within the Kalorama area in Washington was bought for $8.1million (£6.6million).

Obama began working with the Harry Walker agency as a speaker following his retirement from the presidency. 

He has spoken at multiple events, earning a whole bunch of 1000’s every time, and was reportedly paid $400,000 (£330,000) for a 90-minute interview for the tv network A&E. 

The Obama family also opened their very own production company in 2018, Higher Ground Productions, and signed a take care of Netflix. 

Bustle reported that while the precise figures of the deal weren’t revealed it can have cost as much as $50million (£41million). 

A yr later the production company signed a take care of Spotify reportedly to the tune of $25million (£20million), with Obama and Michelle each releasing their very own original podcasts. 

The contract with Spotify ended this yr and was not renewed, with the Obamas reportedly other offers price around $10million (£8million). 

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