Barack Obama is primarily an author, public speaker, and producer. In 2024, he officially endorsed Vice President Kamala Harris as the Democratic Party’s nominee for the presidential election.
Together with Michelle Obama, he has been actively supporting Harris by making public endorsements and appearing at campaign rallies. This demonstrates Obama’s continued political influence and involvement in shaping the future of the Democratic Party.
In 2024, Barack Obama’s net worth is estimated to be $70 million. His wealth comes from several sources, including his presidential salary and pension, lucrative book deals, podcast and Netflix deals, high-paying speaking engagements, and real estate investments.
These combined sources have contributed significantly to his financial success post-presidency.
Barack Obama is most famous for being the 44th President of the United States, serving from 2009 to 2017.
Sources of Income
He is a Nobel Peace Prize winner and the author of several best-selling books, including Dreams From My Father, The Audacity of Hope, and A Promised Land.
Barack Obama also earns a substantial income from speaking engagements. As a former president, he commands high fees, up to $400,000 per event.
In 2017, he reportedly earned $800,000 for two speeches and at least $2 million for three talks. These engagements offer him the opportunity to share his experiences and insights on a range of global and domestic issues.
In 2018, Barack and Michelle Obama founded Higher Ground Productions and entered a multi-year deal with Netflix to produce series and films.
This partnership has included successful projects like the Oscar-winning documentary American Factory. Such deals are valued in the tens of millions. In 2023, Obama served as an executive producer for three Netflix films: Leave the World Behind, American Symphony, and Rustin.
As a former president, Barack Obama receives an annual pension of $205,700. This pension includes not only the monetary amount but also benefits such as health insurance, funds for office and staff, and round-the-clock Secret Service protection.
Real Estate Investments
Barack and Michelle Obama have also invested in real estate. They purchased an $8.1 million mansion in Washington, D.C.’s Kalorama neighborhood in 2017 and own a home in Chicago’s Hyde Park neighborhood.
In 2019, they bought an $11.75 million estate on Martha’s Vineyard, which includes a 7,000-square-foot main house on 29 oceanfront acres.
