NET WORTH

Michelle Obama Net Worth: From the White House to Wealth Accumulation

Michelle Obama Net Worth: From the White House to Wealth Accumulation
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Michelle LaVaughn Robinson Obama (born January 17, 1964) is an American attorney, author, and former first lady of the United States from 2009 to 2017, married to Barack Obama, the 44th president. Raised on the South Side of Chicago, she graduated from Princeton University and Harvard Law School.

Michelle worked at Sidley Austin law firm, where she met Barack, and later in nonprofits and as associate dean at the University of Chicago. She championed causes like poverty, education, and healthy eating, writing bestsellers such as Becoming and The Light We Carry.

Michelle Obama Net Worth

Michelle Obama and her husband, Barack Obama, have a combined net worth of $70 million. In February 2017, they received a $65 million advance for their autobiographies, plus an additional book, totaling three books. Michelle’s 2018 memoir, Becoming, sold 750,000 copies on its first day and has since surpassed 10 million copies sold.

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In August 2000, the Obamas purchased a $1.6 million home in Kenwood, Illinois, which boasts 6,400 square feet, six bedrooms, six bathrooms, and a wine cellar.

Early Life

Michelle Obama, born Michelle LaVaughn Robinson in Chicago, Illinois, grew up in the South Shore area. Her father’s battle with multiple sclerosis deeply affected her, prompting her to focus on her studies.

She graduated salutatorian from Whitney Young High School in 1981, then attended Princeton University, earning a degree in sociology and African-American studies, graduating cum laude in 1985. Michelle earned a law degree from Harvard Law School in 1988, where she helped low-income tenants with housing cases.

Career

After law school, Michelle Obama worked as an associate at Sidley & Austin, where she met Barack Obama. She then held public sector roles in Chicago, including assistant commissioner of planning and development, before leading Public Allies.

She later became associate dean at the University of Chicago and vice president for community affairs at University of Chicago Hospitals. In 2008, she took a leave to support her husband’s presidential campaign. Michelle continues to focus on political campaigns but announced in 2021 that she is moving toward retirement to spend more time with her family.

Personal life

Michelle Obama and Barack Obama married on October 3, 1992. After experiencing a miscarriage, Michelle underwent in vitro fertilization to conceive their daughter, Malia Ann, born in 1998, and later used the same method for their second daughter, Sasha, born in 2001.

President Barack Obama, First Lady Michelle Obama, and daughters Malia and Sasha pose for a family portrait with Bo and Sunny in the Rose Garden of the White House on Easter Sunday, April 5, 2015..(Official White House Photo by Pete Souza)

When the family moved to Washington, D.C. following Barack’s presidential win, the girls attended Sidwell Friends School. Michelle’s mother, Marian Robinson, famously moved into the White House to assist with childcare. Michelle has authored books, including her best-selling memoir Becoming.

What are Michelle Obama’s famous quote?

We learned about honesty and integrity — that the truth matters… that you don’t take shortcuts or play by your own set of rules… and success doesn’t count unless you earn it fair and square.”

Conclusion

Michelle Obama’s journey from the White House to accumulating wealth is a testament to her multifaceted talents and relentless pursuit of impacting society positively. Her success story is an inspiration to many, showing that influence and affluence can coexist harmoniously.

    FAQs about Michelle Obama Net Worth
    1. What is Michelle Obama’s current net worth?
      • As of 2023, Michelle Obama’s net worth is estimated at $160 million.
    2. What are her primary sources of income?
      • Her income sources include book royalties, Netflix and Spotify deals, speaking engagements, and business investments.
    3. How much has Michelle Obama earned from her Netflix deal?
      • She has earned approximately $27 million from her deal with Netflix.
    4. How many homes does Michelle Obama own?
      • She owns around 10 real estate properties in Washington and Massachusetts.
    5. What impact has her career had post-White House?
      • Post-White House, Michelle has significantly increased her net worth and continues to influence various social and educational initiatives globally.

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