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Michelle Obama speech: Colossal fortune built after the White House

Michelle Obama speech

Back in the spotlight with his memoir entitled “A Promised Land”, former US President Barack Obama bends to the exercise of promotion. It must be said that he received a hell of a check for this book and must be sold. His wife Michelle Obama speech also won big with her autobiography. Since their departure from Washington, their fortunes have greatly increased.

Michelle Obama speech: Fortune and life after the White house

Life after the White House is pretty good for Barack and Michelle Obama . If the first has been discreet in recent years, taking care in particular of his foundation, his wife took the time to decompress at home before embarking on a major tour for his autobiography entitled Becoming, published in 2018. It is the turn of the former president to release a book: A Promised Land . The couple are now earning a much better living than in the past …

As reported by the newspaper Le Parisien in its November 17 edition, the book of confidences of the 44th President of the United States is destined to become a success. It is released in 23 countries and will initially be printed in 3.4 million copies! Obviously, the financial stakes behind are important. Barack and Michelle Obama had prepared the ground after the transfer of power with Donald Trump and Melania Trump age, in 2017. The couple had negotiated with Crown Publishing Group – a subsidiary of Penguin Random House – the tidy sum of $ 60 million for their memoirs ! For now, the publishing house is satisfied since the book of the former First Ladyhas sold a total of 14 million copies worldwide, including 500,000 in France. To the income generated by the book, presented during a lecture tour, it was also necessary to add the price of goodies. No doubt that of Barack Obama will do even better.

The power couple’s fortune can also be counted on the small screen with a juicy contract signed in 2018 with the Netflix platform, the amount of which is estimated at $ 50 million . A production contract including in particular the documentary Devenir , accompanying the release of Michelle Obama’s book.

Finally, Barack (59 years old) and Michelle Obama (56 years old) also earn good sums by granting conferences . The former Democratic president receives up to $ 400,000 for a benefit against 225,000 for his wife . To this is also added the retirement of President Barack which amounts to 200,000 dollars per year. In total, the couple’s fortune is estimated by the New York Post at $ 135 million . We understand better how they were able to buy a house in Washington, another on the island of Martha’s Vineyard and pay their daughters’ universities: Malia (22 years old) enrolled at Harvard and Sasha (19 years old) educated at the university from Michigan.

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