President Barack Obama is officially out of a job. At the age of 55, he’s one of the youngest ex-presidents ever, and he surely has many career opportunities ahead of him, including plenty of options to cash in on an epic scale—if he chooses. We know that the Obamas are jetting away to Palm Springs right after the Trump inauguration for a vacation. And that they are renting an 8,200-square-foot house in Washington, How To Earn Money Without A Job. Sasha can finish high school in the capital.
Other than that, however, where President Obama goes and what he does are largely mysteries. Los Angeles Times reported regarding Obama’s trip to Palm Springs and beyond. I want to spend precious time with my girls. As for how much money Obama will earn in his years as an ex-president, here are some of his possible sources of future income. 205,700 annually, and the amount increases regularly to keep up with inflation.
Obama, along with ex-presidents Carter, both Bushes, and Clinton, will also receive federal money to cover expenses such as office space and staff. In 2015, for example, George W. If that writing entails work on a memoir, President Obama will make a bundle. That’s only the original contract, mind you. If the book sells well like Obama’s previous two have, he could earn millions more in royalties for years to come. 1 million in income just from the sales of his two books, The Audacity of Hope and Dreams from My Father.
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President Obama is renowned for giving great speeches, and he’ll be in high demand as a guest speaker. It’s hard to nail down how much he’ll earn via paid speeches, however, for a variety of reasons. One is that he may not be interested in paid speaking engagements, especially not ones at business conferences, corporate retreats, and the like, which tend to be the most lucrative. Wall Street has a reputation for hating Obama for policies that have been deemed anti-business, however, so the world’s corporate overlords may not be clamoring to host him. Obama was a lecturer at the University of Chicago Law School from 1992 to 2004, and it’s long been speculated that he could return to teaching. Does Obama actually want to be a professor? But Obama certainly hasn’t indicated teaching at college or any other level is his top post-presidency career choice.
Barack Obama’s passion for sports—basketball in particular—is legendary. He’s undoubtedly the best basketball-playing president ever, and as the recently-published oral history of Obama’s pickup games shows, he’s a fierce competitor and notorious trash-talker as well. All of that competitive fire could translate well into Obama owning a sports franchise. It’s not the first time this possibility has come up either. Obama said in a 2015 GQ interview. As for how much money Obama could make as an NBA team owner, it’s impossible to come up with an estimate.
Most pro team owners are filthy rich business giants who get into sports mostly for fun, not to amass more wealth. Who knows if Obama will ever own part of a pro sports franchise, let alone what his ownership stake would be, plus how much the owners paid and how much it will be worth if and when they sell it. We’d need to pinpoint all of these variables to estimate how much he could earn as an NBA team owner. Over the years, Obama has consistently said that down the road he would somehow return to his roots as a community activist—more specifically, by helping children and providing opportunities to young people. Obama has pledged to remain active after his presidency with My Brother’s Keeper Alliance, a nonprofit focused on helping young men of color reach their potential. Obama will probably earn little to nothing with his nonprofit efforts.
But making money is hardly the point. Besides, if Obama figures out how to pull in a few million regularly giving speeches or writing books, it’ll be easy for him to pursue other passions without worrying about money. Money may receive compensation for some links to products and services on this website. Offers may be subject to change without notice. Quotes delayed at least 15 minutes. Market data provided by Interactive Data.
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