The Obamas Are On Their Way To Becoming Billionaires. Yep, Seriously!
Former President Barack Obama and his wife, Michelle Obama, are reportedly on their way to becoming a billion-dollar brand, according to New York Post below:
In addition to a $65 million book advance and an estimated $50 million deal with Netflix, both of which she shares with husband Barack Obama, the former first lady is poised to rake in millions from appearances on her 10-city US tour and sales of merchandise connected to her autobiography.
And like her husband, Michelle Obama is currently in demand as a speaker for corporations and nonprofits, commanding $225,000 per appearance, The Post has learned.
Forbes estimated the couple made $20.5 million in salaries and book royalties between 2005 — when Barack Obama became a US senator and they first arrived in Washington, and 2016. They are now worth more than $135 million.
And that figure does not include the cash they are raking in for public speaking.
In October 2017, Michelle Obama was a keynote speaker at the Pennsylvania Conference for Women, a nonprofit that promotes education and networking.
Obama did an on-stage interview with Hollywood producer and writer Shonda Rhimes in Philadelphia for an audience of 12,000.
The New York-based Harry Walker Agency Inc., which books both Obamas for speaking gigs, billed the Pennsylvania Conference for Women $225,000 in 2017, according to the nonprofit’s most recent tax filings.
Barack Obama currently rakes in $400,000 per speech, and earned at least $1.2 million for three talks to Wall Street firms in 2017. The fees come on top of his $207,800 annual presidential pension, which he began receiving as soon as he left office.
Months after leaving the White House, the former president agreed to speak at a health care conference organized by financial services company Cantor Fitzgerald. This was in addition to $800,000 that he earned for two speeches to Northern Trust Corp. and the Carlyle Group.
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