Barack Obama Net Worth and Assets

President of the United States, Barack Obama has estimated net worth of $12.2 Million. Since becoming president of the United States (US), in January 2009, Barack Obama wealth is reportedly growing. But it is not the result of corruption, but purely from wages, investments, and royalties number of books he wrote.

According to Center for Responsive Politics there are several money sources for Obama net worth. In 2004, Obama had three sources of finance. First, his salary as a member of the senate is about US $ 80,287. Second, the salary as a professor at the University Of Chicago Law School for US $ 32,144. Third, Michelle salary as administrative staff at the University Of Chicago Hospital. Also in 2004 too, Obama has three different investment assets. First, the pension fund of the senate (Illinois State Senate Pension Fund) worth US $ 50,000-100,000. Second, investment in the Vanguard Wellington Fund is estimated at US $ 100,000-200,000. The investment is 70 percent in stocks and 30 percent bonds. Third, investing through Vanguard Wellesley Fund was worth US $ 50,000-100,000.

After January 2005, Obama received royalties of $ 1.9 million for the book “The Audacity of Hope”. For this book, he received 15 percent royalty for  the hard cover and 7 % of the book with the usual type of cover version. It then added to 8 % of the 150,000 copies the first sale. In addition, Obama also achieved 10% royalty for the audio version. It also reportedly that Obama’s annual salary as the president is about 400 Million dollar per year.