Barack Obama Net Worth
Who is Barack Obama?
Barack Hussein Obama II was the 44th President of the United States of America and he is the first Afro-American president to hold the post. Barack Obama was born on 4th August 1961. Obama is a Democrat. On 4th November 2008, Obama won the “2008 United States presidential election” and inaugurated on 20th January 2009. He was an influential president as he tried to end up the American participation in the Iraq War and prepared the country to protect itself. Obama has signed “Obamacare” (Patient Protection and Affordable Care Act) to make some positive changes in the healthcare laws. He enacted numerous acts to generate public jobs to help the nation’s economy. Obama was the first president who openly supported the gay marriage concept. He also created a proposal for the gun control law as a consequence of the “Sandy Hook School shooting”. During his time, he tried to improve the political relationship with Cuba.
Barack Obama Net Worth:
Estimating the accurate net worth of Barack Obama or any of the former US presidents is quite difficult. It is said that Obama’s salary for his job as a president was $400,000 per year. It is reported by the authentic sources of celebrity net worth that Barack Obama won a total net worth of $12.2 million as of now.
Barack Obama Life History:
Barack Obama was born in Kapi’olani Center for Women and Children in Honolulu, Hawaii. He is the first president who has been born in Hawaii. His father – Barack Obama Sr. was a black exchange student from Kenya. His mother – Ann Dunham was from Kansas and was an anthropologist who died in 1985. His father died in 1982 in a motorcycle accident. Obama’s parents got divorced in 1964. He spent most of his early childhood time in Hawaii and in the USA in Chicago, Illinois but he lived in Jakarta, Indonesia for 4 years at his age of 6 with his stepfather and mother. After that, he moved back to Hawaii to live with his grandparents. Obama went to the Occidental College in Los Angeles and achieved the graduate degree from Columbia University in New York City. After that, he went to Harvard University to pursue a law degree and started to work for a law firm in Hyde Park, Chicago.
Barack Obama is known for:
Obama became the president on 10th January 2009. During this time the USA was combating a tough recession. He made a plan called the “Stimulus Bill” to end the recession by spending an extra 787 billion dollar. The said bill funded lots of road projects, donated money to schools, offered tax credits to lots of American citizens and funded many science & research projects. He also continued the financial bailout according to George W. Bush to offer billions to the banks and car companies to defend from bankruptcy.
Barack Obama Political/Business Affiliation:
Regarding foreign policy, Obama slowly withdrew troops from Iraq to end the Iraq War by the end of the year 2011. Simultaneously, he added more troops to the War of Afghanistan to help the US to win. He also made a decision to help in the war against Libya. Basically, he wanted to improve the relationship with the US to the Muslim world.
On 9th October 2009, Obama received a Nobel Peace Prize. He donated the total prize money to different charitable organizations.