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The Obamas are worth 30 times more than when they entered the White House in 2008 — here’s how they spend their millions

Obama FamilyPool/Getty Images

Barack Obama’s net worth is estimated to be $40 million.
Aside from the six-figure pension he receives as a former president, Obama has made millions from speaking engagements and his best-selling books.
While Obama spends his money in various ways, he loves to donate to charity and take vacations with his wife, Michelle. 

Former President Barack Obama is a busy guy.

From speaking at events around the world to writing a memoir and, most recently, signing a massive production deal with Netflix, Obama’s life after the White House has been full and very lucrative.

These endeavors — along with the six-figure pension all former presidents receive — have significantly contributed to Obama’s estimated net worth of $40 million.

From the time he joined the US Senate in 2005 to the end of his presidency, Obama made $20 million alone from his presidential salary, book royalties, and investments, Forbes reported. And based on all the projects he has taken on in the short time since leaving the White House, we can only expect him to make many millions more.

From philanthropic efforts to vacationing where the sun shines to making long-term investments in his daughters’ education, here’s how Obama spends his fortune.

The Obamas entered the White House with a $1.3 million net worth in 2008. That has since grown to an estimated $40 million.
AP

Source: American University, CNN Money, GoBankingRates

From 2005 (when Barack Obama joined the US Senate) to 2016, the Obamas earned a total of $20.5 million from his government salary, book royalties, investment income, and Michelle Obama’s income from her job at University of Chicago Hospitals before she became the first lady.
Chip Somodevilla / Getty Images

Source: Forbes

Obama earned $400,000 a year during his eight years as president, and he earns an annual pension of about $200,000 as a former president.
Milos Bicanski/Getty Images

Source: GoBankingRates

See the rest of the story at Business Insider

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It looks like Steve Bannon is beginning his comeback

Steve BannonSean Gallup/Getty Images

Steve Bannon is plotting his comeback.
He’s planning to unleash a pro-Trump ad campaign ahead of the 2018 midterms.
And he wants to get into cryptocurrency.

It looks like Steve Bannon is beginning his comeback.

Nearly a year after he departed the White House as chief strategist, and about half a year after he was eviscerated by President Donald Trump for the comments he made to journalist Michael Wolff in his book “Fire and Fury: Inside the Trump White House,” Bannon is reportedly pushing forward on two fronts in what looks like an attempt to regain relevance in electoral politics.See the rest of the story at Business Insider

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In leaked conversation, Sarah Huckabee Sanders lambasts White House staffers over leaking details of private meetings

Sarah Huckabee SandersReuters/Carlos Barria

White House press secretary Sarah Huckabee Sanders reportedly laid into the communications team Friday for leaking details of a White House staffer’s mockery of Arizona Sen. John McCain.
“I am sure this conversation is going to leak, too,” Sanders told attendees during Friday’s meeting. “And that’s just disgusting.”
The White House is currently in the midst of another PR crisis following revelations that Kelly Sadler, a special assistant in the White House, reportedly dismissed McCain’s criticisms of CIA nominee Gina Haspel, saying earlier this week that “he’s dying, anyway.”

White House press secretary Sarah Huckabee Sanders lambasted the communications team Friday over leaking details of a White House staffer’s reported mockery of Arizona Sen. John McCain’s health during an internal meeting earlier this week.

According to the news website Axios, Sanders and other senior members of the press team were not as much bothered by the substance of the staffer’s remarks about McCain than the fact that they had been leaked to the press.See the rest of the story at Business Insider

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SEE ALSO: A White House staffer is accused of mocking John McCain’s brain-cancer diagnosis during internal meeting


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