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Obama's Net Worth--2011 Updates

Updated April 16, 2011 (Original March 10, 2010)
By Michael P. Delhomme, Contributing Columnist
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[Editor's note: Obama's net worth has plummeted based on Federal financial  
disclosures made on May 14, 2013. These disclosures are discussed in the
updated to his net worth.]

2010 was a lean year for everyone -- including President Barack
Obama. On April 18,2011, the White House released the
Obamas 2010 tax returns, showing that the First Couple earned
a combined $1,795,314 in 2010. Not bad. And, judged in any
context but a room filled with the uber-rich, the Obamas are a
very wealthy couple.  But their  2010 income is substantially
less than the Obamas made in 2009, when they reported a joint
income of $5,505,409.  Year over year, the Obama's income has
 declined 67%.   Quite a drop.  Based on the new release, we
have updated our running tally of Barack Obama's net worth, at
$10,111, 249.

Here are our calculations. The starting point for our calculations
is the
Obama Net Worth analysis, in which we calculate his net
worth based on tax returns released by the campaign and the
Administration .  Based on those documents, we calculated his
2008 net worth at 8,685,781. That figure included $1.4 million
in Nobel Prize money. That net worth figure improved to
$10,111,249 once we included his $5 million haul from 2009.

Where are the sources of Obama's money? His salary as
President is $400,000--he actually reported $395, 188.  He also
made $1,382,889 in Schedule C business income from the sale
of his books.  And it this steep decline in book sales that
explains the 67% decline in President Obama's total annual

President Obama enjoys more popularity as an author abroad
than he does here in the US.  In fact, of the $1,382,889 in book
sales (net of commission to his publishers), Obama's books sold
$820,751 in foreign countries and only $562,138 here in the US.

This year, we're estimating that his net worth will increase only
slightly to $11,057,249. Why?

Of the $1, 795, 314 that Obama made in 2010, he paid total
taxes of $453,770. That leaves $1,341,544 in disposable
income. Now, $1.3 million is a lot of money for most of us. But
when you're a high-profile couple, it doesn't go as far as you

The Obamas paid $49,945 in mortgage interest, presumably on
their Chicago home pictured at the right. They also gave away  
$245,075 away to various charities. The 13.6% the Obamas
gave away to charity is about average for people in their income

President Obama's favorite charity again this year is Fisher
House Foundation. He gave them $150,000. The prior year he
gave them $250,000 of his own money.

Fisher House is headed by Kenneth Fisher, the billionaire
investor and CEO of Fisher Investments a money management
firm based in Woodside, California. Fisher, one of the 400
richest Americans, is listed as having a net worth of $1.6 billion
by Forbes.

After subtracting the charitable deductions, taxes, and
mortgage expenses and subtracting what we estimate are
$150,000 in additional personal expenses such as school tuition
for their adorable daughters (see calculations on prior year's
net worth here), we estimate that the Obama's could save
approximately $946,000 from their 2010 income.

Thus, we add this amount to their net worth, bringing their
total current net worth to $11,057,249.

Barack Obama Current Net Worth (through December 31, 2010,
reflecting 2010 tax return data):


Sources: Tax Returns, 2010, 2009, 2008, 2007, 2000-2006
released by Obama campaign and White House (2008, 2009,
President Obama 2010 tax return)

: Obama Net Worth -2013/Obama Net Worth At Start of
His Presidency / What Politicians Make /Ten Signs You Are
About to Be Fired / The Sacred 90 Minutes in Obama's Day

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Only $150,000 now but win or lose
estimates for Obama's back-end
money are massive. His may earn over
$100 million after he leaves office
President Bush and Sarkozy of France
(in car) and Gordon Brown of the U.K..
Bush has a net worth of between $20
and $30 million. That will balloon if he
joins the lucrative speech and book
circuit that have earned the Clintons
$109 million since Bill Clinton left office.
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