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+--- Thread: This is Barack Obama's Net Worth as He Leaves the White House (/thread-34189.html)
This is Barack Obama's Net Worth as He Leaves the White House - chairman - 01-18-2017
President Barack Obama Net Worth: $12.2 Million
For his day job as president, Barack Obama earned $400,000 a year throughout his entire eight-year term — a salary that incoming president Trump has vowed to forgo. The president also receives a $50,000 annual expense account, a $100,000 nontaxable travel account and a $19,000 entertainment budget.
On April 15, 2016, President Obama released his 2015 tax returns, which showed that he and First Lady Michelle Obama filed jointly and reported an adjusted gross income of $436,065. They paid $81,472 in taxes according to their 18.7 percent tax rate.
They also donated a total of $64,066 to more than 30 charities.
According to CelebrityNetWorth.com, Mr. Obama has a net worth of $12.2 million and First Lady Michelle Obama is not far behind with a net worth of $11.8 million.
Re: This is Barack Obama's Net Worth as He Leaves the White House - villagebelle - 01-18-2017
I guess that 400K went straight to the bank and invested!!
no mortgate or rent
no hydro/electricity bill
no water bill
no phone bill
no internet bill
no home insurance
no car insurance
no home improvement/repair costs
wonder if they paid for their own grocery and drinks??
doubt it!!
not a bad gig!!
Re: This is Barack Obama's Net Worth as He Leaves the White House - chairman - 01-18-2017
no. they have a private chef that cooks everyday.