Barack Obama Net Worth: The First African-American President of the United States

From 2009 until 2017, American politician Barack Hussein Obama II led the country as its 44th president. He was the first African-American to serve as president of the United States and a member of the Democratic Party.

Obama has held positions as a civil rights attorney, university lecturer, and U.S. senator from Illinois from 2005 to 2008. He also served as an Illinois state legislator from 1997 to 2004. Obama was born in Hawaii’s Honolulu. After earning a B.A. in political science from Columbia University in 1983, he went on to serve as a community organizer in Chicago.

Obama became the first African-American president of the Harvard Law Review upon his admission to Harvard Law School in 1988. He went on to practice civil rights law and became a professor, spending 1992 to 2004 at the University of Chicago Law School instructing constitutional law.

He entered elective politics as well. Obama served as the 13th district’s senator for Illinois from 1997 until his successful bid for the U.S. Senate in 2004. Following a closely contested primary against Hillary Clinton in 2008, he received the Democratic Party’s presidential nomination and selected Joe Biden to be his running mate.

On January 20, 2009, Obama took office as president after defeating Republican candidate John McCain in the race. He received mixed reviews when he was announced as the 2009 Nobel Peace Prize recipient nine months later. Here are more details about Barack Obama’s Net Worth.

How Much is Barack Obama Net Worth?

The politician from America, Barack Obama, is worth $70 million. That represents his and his wife Michelle Obama’s total net worth. The Obamas did not spend a large portion of their adult life in luxury.

When Barack stepped into the political spotlight in 2005, book earnings helped them become a millionaire for the first time. He is the 44th President of the United States and a former Illinois senator. Barack Obama is the first African-American president of the United States and served one term in the Illinois Senate.

Obama attended Harvard Law School and graduated, becoming the first African-American president of the Harvard Law Review before going into politics. Following graduation, he practiced civil rights law and served as a constitutional law professor at the University of Chicago Law School.

From 1997 to 2004, he was a member of the Illinois State Senate, where his political career got its start. He worked on bills pertaining to healthcare, education, and ethics reform while serving in the state senate.

He shot to national prominence after giving the opening speech at the 2004 Democratic National Convention, which helped pave the way for his election to the U.S. Senate later that year.

Barack Obama Early Life

On August 4, 1961, Barack Hussein Obama II was born in Honolulu, Hawaii. As of now, he is the only sitting US President not to have been born in the 48 contiguous states.

Ann Dunham, his mother, was descended from Welsh, Scottish, German, English, and Swiss people. In 1960, Ann happened upon Barack Obama Sr. while he was enrolled on scholarship in a University of Hawaii Manio Russian language course. Kenyan-born Barack Sr. was married at the time. In 1961, Barack and Ann tied the knot. After six months came the birth of Barack Jr.

Barack Obama Net Worth

Following their 1964 divorce, Barack Sr. returned to Kenya and got married a third time. Only after returning to Kenya did Barack Sr. pay a visit to Barack Jr. When Barack Jr. was nine years old in 1971, he traveled to Hawaii to see his son.

Sadly, Barack Obama Sr. his away in an automobile accident in 1982 over Christmas. At the time, Barack Jr. was 21 years old. Ann wed Lolo Soetoro, an Indonesian, in March 1965. Lolo went back to Indonesia after his application for a visa renewal was denied. In 1967, Ann and Barack Jr. joined him there.

Barack resided in Indonesia until 1971, at which point he returned to Honolulu to live with the parents of his mother. This was his high school, from which he graduated in 1979. Ann and Lolo remained wed till the year 1980. Regretfully, she passed away from cancer in 1995.

Barack’s father and mother each had multiple half-siblings. Barack relocated to Los Angeles to attend Occidental College, where he was awarded a full scholarship following his high school graduation in 1979.

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He changed schools in 1981 and graduated from Columbia University with a degree in political science with an emphasis on international relations. In 1983, he received his Columbia degree. He worked for Business International Corporation for a year as a financial researcher.

He then worked for many non-profits in New York as a project coordinator. After being appointed as a director for the nonprofit Developing Communities Project, Barack relocated to Chicago in 1985. There, he worked from 1985 to 1988.

He traveled extensively for two months in 1988, spending five weeks in Kenya visiting family. Barack started at Harvard Law School in the fall of 1988. He presided over the Harvard Law Review as its president throughout his time there.

He went back to Chicago during the summers to pursue his career as a community organizer. Obama practiced civil rights law in Chicago after receiving his degree. From 1992 until 2004, he was also a constitutional law instructor at the University of Chicago Law School.

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