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Barack Obama Net Worth

Barack Obama Net Worth 2020

Do we ever forget a significant moment in history? You know, when something unusual happens or happens for the first time? We don’t. The event and the person behind that moment remain forever etched into our heart and brain. So how on earth can we forget Barack Obama, an American politician who went on to serve as the 44th President of the United States and became the first ever Black to do so?

The former president of the US is generally considered as the most influential person in the world. However, despite being in power for two consecutive terms (8 years), he was very calm, and that’s the reason he was awarded the Noble Peace prize in 2009. Now let’s have a closer look at the net worth of Barack Obama in 2020.

Early Life & Biography:

Barack Obama Net Worth 2020

Barack was born on 4 August 1961 in the Honolulu city of Hawaii, United States. Only three years later, his parents divorced, and in 1982, his dad was killed in an accident. His mom then married an Indonesian citizen, and so in 1967, he had to move with his mom to Indonesia. He was then admitted to the local Indonesian language schools where he studied till 1971 before returning to Honolulu to live with his maternal granny. He then went to a college preparatory school in Honolulu and graduated from high school in 1979.

In the same year, he got admission in the Occidental College, Los Angeles and two years later, he gave his first public speech against South Africa’s Apartheid policy. For further studies, he went to Columbia University, New York and majored in political science with a specialty in international relations.

Personal Life:

Barack’s parents carry different racial and ancestral backgrounds. His mother, Ann Dunham was an American (white) anthropologist while his father, Barack Obama Sr. was a Kenyan (black) senior governmental economist. In the 1980s, Barack fell in love with American anthropologist Sheila Miyoshi Jager and proposed to her twice, but it was turned down by her. In 1989, he met with an American lawyer Michelle Robinson and soon they began dating. In 1991, the couple got engaged and on 3 October 1992, they got married. Six years later, their first daughter Malia Ann was born and in 2001, their second daughter Natasha (“Sasha”) was born.

Career, Awards & Nominations:

Before participating in direct politics, Barack Obama was associated with law firms at the Harvard Law School, and the Chicago Law School. In 1996, he got elected to the Illinois Senate. Due to his various policies like health care laws, tax reforms and subsidies for childcare, he repeated his terms multiple times and remained in the position until 2004.

In January 2003, he announced his candidature for the 2004 US Senate poll. He campaigned aggressively against the then US president George W. Bush and addressed a high-profile anti-Iraq War rally at Chicago where he spoke out against the war. In March 2004, he got a landslide victory which overnight made him a rising star of the “Democratic Party.”

The win began the speculation about his presidential candidature which became a truth on 10 February 2007 when he announced his candidacy for the post of President of the US. His campaign was based mainly on the recently ended Iraq War and reforming the health care system. On 4 November 2008, he won the poll with a considerable margin of 192 electoral votes defeating the Republican candidate, John McCain. On 4 April 2011, he announced his candidacy again for the 2012 US poll and on 6 November 2012, got re-elected for the second time defeating, Mitt Romney.

Net Worth & Earnings:

As of 2020, The net worth of Barack Obama to date is around $50 million. This figure may look small, but actually, it’s not so for a politician especially the US president. The primary source of his income has been his jobs at various universities before entering politics and also the salaries after being elected as the US president. Since he has been the most important political figure of US, he has not endorsed any private brand for personal interest.

The president of the US is generally considered as the most influential person in the world and in today’s world, being powerful directly means supporting a war. However, Barack was wholly opposed to it. He even fought his election campaigning against the US-Iraq war. He was against the religious discrimination and never spoke against the minorities (especially the Muslims) even after his secret mission succeeded in killing the most drastic Islamic terrorist Osama bin Laden.

In many of his interviews, he clearly differentiated between the ordinary Islamic people and the so-called contractors of Islam who have chosen terrorism. These were his views that led him to win the Noble Peace prize in 2009. However, these views went against his party in 2016 as his presidential candidate Hillary Clinton lost to current president Donald Trump.

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