Barack Obama Net Worth: How Much Property Does He Have?

Barack Obama is a name that resonates with millions around the world. As the 44th President of the United States, he made history by becoming the first African American to hold the highest office in the country.

With his eloquent speeches, charismatic personality, and unwavering dedication to creating positive change, he inspired a generation of young people to believe in the power of their dreams. Even after leaving office, Obama continues to be a leading voice on issues ranging from climate change to social justice, making him one of the most influential figures of our time.

Net Worth Of Barack Obama

Barack Obama’s wealth is projected to be $70 million in February 2023. President Barack Obama, the 44th of his country, was born in Hawaii and was reared mostly by his mother. Obama has a degree in law from Harvard and taught at the school before. To this day, he is one of only a few sitting presidents to have earned the Nobel Peace Prize.

Early Life Of Barack Obama

Obama, Barack Hussein, was born on August 4, 1961, in Honolulu, Hawaii, where he spent the majority of his childhood. Yes, Obama did spend a year of his childhood in the Evergreen State. His parents split up in 1964, and his dad ended himself in Kenya.

His mother remarried in 1965, and the family spent the next four years in Indonesia. He moved back to Honolulu with his maternal grandparents in 1971 and attended Punahou School, from which he graduated in 1979.

He elaborates on how he dealt with people’s assumptions about him because of his multiethnic background over the years. His post-high school plans for schooling required him to relocate. He had finished his first two years at Occidental College in Los Angeles by 1981.

After his sophomore year, he transferred to Columbia University in New York City and completed his undergraduate education there in 1983. Obama began his legal education at Harvard in 1988 and finished in 1991.

Career Of Barack Obama

Obama spent 12 years as a professor at the University of Chicago Law School after finishing college. Throughout the years 1992 and 1996, he taught constitutional law as a lecturer, and later, as a senior lecturer.

He worked for the institution while also becoming a partner at Miner Barnhill and Galland, a sizable firm focused on civil rights litigation and economic development. After receiving 70 percent of the vote in the 2004 general election, Obama was elected to serve as a senator from Illinois in 2005.

In the Senate, he helped push for two bills: Secure America and the Orderly Immigration Act. In late 2006/early 2007, he started phasing out of his position in preparation for a run for president. Barack Obama became the 44th president of the United States in early January 2009 and will remain in office until early January 2017.

Barack Obama
Barack Obama

When he was elected, he made history as the first African American to hold the office of president. He had Guantánamo shut down by executive order within his first 100 days in office. The Lilly Ledbetter Fair Pay Act of 2009, which extended the time limit for filing equal-pay cases, was the first piece of legislation Obama signed into law.

Obama was not afraid to serve as president and he helped secure and advocate for new LGBTQ rights legislation during his two terms in office. The legalization of same-sex marriage and a crime prevention act are two of his pet causes.

During his last day in office, he commuted the sentences of 330 nonviolent drug offenders and pardoned the sentences of far over 1,500 others, including Chelsea Manning.

Personal Life Of Barack Obama

Barack Obama was born in Honolulu, Hawaii in 1961 to a Kenyan father and an American mother. He attended Columbia University and Harvard Law School, where he became the first Black president of the Harvard Law Review. Obama served as a community organizer and civil rights attorney before becoming a senator in Illinois in 1996.

In 2008, he was elected the 44th President of the United States, becoming the first Black president. During his presidency, Obama passed the Affordable Care Act, withdrew US troops from Iraq, and oversaw the killing of Osama bin Laden. Obama is married to Michelle Obama, and they have two daughters, Malia and Sasha. In addition to his political career, Obama is also a bestselling author and a public speaker.

Real Estate

The Obamas are not like the typical American family when it comes to property. The former President and First Lady of the United States own several properties across the country, including mansions in Honolulu, New York, Chicago, and Washington, D.C.

In 2005, Barack and Michelle Obama spent $1.65 million on a modest condo in Chicago’s Hyde Park area. Before moving into the White House in 2009, they called that home. They spent $8.1 million on a mansion in Kalorama, a Washington, DC neighborhood, in 2017. The house has eight bedrooms and eight bathrooms.

The Obamas spent around $11.75 million on a holiday house purchase on Martha’s Vineyard in 2019. As a final piece of wealth, they own a portion of a $35+ million Upper West Side condo development. Considering they started out with so little, they’ve done very well for themselves.


Barack Obama is one of the most iconic American presidents since he brought about significant change over his two terms in office. Obama, now in his late 50s, is still making an impact through political campaigning in the form of invited speaking engagements. The Obamas also started a charitable organization when they left the White House.

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