They reportedly purchased a 6,892-square-foot house on Martha’s Vineyard for $11.75 million, according to Julia Wells for local outlet Vineyard Gazette.
The Obamas are a busy couple, even when they’re not buying real estate. From speaking at events around the world to writing memoirs and signing a massive production deal with Netflix, the Obamas’ life after the White House has been full and very lucrative.
For her part, Michelle Obama’s memoir “Becoming” was published in November 2018 and became the year’s No. 1 best-selling book.
These endeavors — along with the six-figure pension all former presidents receive — have significantly contributed to the Obamas’ net worth, which is at least $40 million, according to a 2018 GoBankingRates estimate. The New York Post recently pegged their fortune much higher, at $135 million.
From the time Barack joined the US Senate in 2005 to the end of his presidency, he made $20 million alone from his presidential salary, book royalties, and investments, Forbes reported. And based on all the projects the couple has taken on in the short time since leaving the White House, we can only expect them to make many millions more.
From philanthropic efforts to vacationing where the sun shines to making long-term investments in his daughters’ education, here’s how the Obamas spend their fortune.