Barack Obama left the White House five years ago. During this time, a lot has changed in his life: for example, together with his wife Michelle, they wrote several autobiographical books that have become bestsellers in the United States.
The revenues from their sales have earned the former presidential couple millions of dollars, which they spend on luxury travel, luxury mansions and luxury outfits.
Michelle and Barack Obama are the epitome of a modern couple who have tremendous influence and yet remain an exemplary family. When they met, Michelle was 25 years old, and she confidently climbed the career ladder in a Chicago law firm. Barack Obama delighted Michelle with self-confidence, sincerity and out-of-the-box thinking. They quickly fell in love, and several years of a long-distance relationship, while Barack was at university, did not interfere with their plans to be together.
Having successfully survived eight years of presidency, the couple not only did not disappear from the public eye but also managed to turn their name into an expensive brand.
In November 2020, the first part of Barack Obama's autobiography A Promised Land was released: in the first week of sales, more than 1.7 million copies were purchased. This is not Obama's first creative success - for his previous books, the former occupant of the White House received over $ 15 million.
The deal with Penguin Random House publishing company to sell the rights to the couple's memoirs earned the Obamas about $ 60 million.
However, despite the overwhelming success, there is no doubt that sales of Barack Obama's autobiography will break all records. According to the former American leader, his wife is not upset about this. She jokes that with the money from the sale of his memoirs, she can buy herself new shoes.
At the end of his presidency, Obama, like any other former American president, receives $ 200,000 every year. This money does not compare to the royalties that Barack and Michelle earn from selling books.
Michelle Obama has appeared on the cover of Vogue three times and deservedly bore the title of a style icon. Vanity Fair praised the style of the Obamas in 2017. At the same time, the couple is known for their love of affordable fashion: Barack has appeared in public in the same tuxedo more than once. However, their high status and impressive fortune allow them to pamper themselves with luxurious wardrobe items and accessories. For example, Barak, following the example of other rulers, has in his arsenal a Rolex Cellini watch worth about 15 thousand dollars. At the same time, in everyday life, the former president wears an affordable $ 150 fitness watch.
After the comfort and luxury of the White House, the Obama family decided not to change their established habits. In addition, at that time, the youngest daughter of the spouses was still attending a Washington school, which was another reason to settle in the capital and postpone returning to the house in the south of Chicago (which, by the way, costs $ 2.5 million). The Tudor-style home of nearly 800 square meters in Kalorama, Washington, with eight bedrooms and nine bathrooms, cost Obama $ 8.1 million.
The Obama family is often accompanied by world celebrities and multimillionaires.
On the private island of Tetiaroa in French Polynesia, the family rented a bungalow. It is believed that there, Barack worked on his memoirs, and in his free time went on excursions to the islands on the luxury yacht Rising Sun, which belongs to the American producer David Geffen, a generous sponsor of Obama's presidential campaign.
However, the former president rests not only on the beaches: in 2019, the spouses and daughters were spotted in the French town of Villeneuve-Les-Avignon. There they rented an 18th-century mansion. The area of the house is 1.2 thousand square meters, and the cost of renting it is 62,000 dollars a week. However, the former presidential couple cannot be frightened by such expenses.