Obama once famously said that at some point you have made enough money. But like all things Obama, that rule doesn’t apply to him. The former president and wife are well on track to becoming billionaires.
The New York Post reports:
The Obamas are ‘Becoming’ a billion-dollar brand
The Obamas are “Becoming” — billionaires.
The launch of Michelle Obama’s cross-country book tour for her new memoir, “Becoming,” last week is just the latest marker on the road to fabulous wealth for the former first couple, who are on their way to becoming a billion-dollar brand.
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.
They are relatively young people, too. How much do you think they will be worth in 10 years? Twenty years?