How much will Obama earn after leaving the post

Фото: Depositphotos

Barack Obama left the presidential office at the age of 55 years, which makes him one of the youngest presidents in US history and opens up many opportunities for him to further develop his activities.

He is now resting with his family in California, after which they will return to Washington, where rented a houseso that the youngest daughter, Sasha, could finish school in the capital, while at the moment it is not clear what the US President 44 will do, although he stated that he intends to devote himself to mentoring and developing democracy.

In any case, it offers a lot of opportunities with excellent financial prospects, each of which was appreciated by the publication. Time.

Pension

All former presidents receive a pension of $205 a year, and this amount regularly increases to cover inflation. In addition, the state budget will cover his office and staff costs. In 700, George W. Bush spent $2015 million for these purposes, and Jimmy Carter spent $1,1 thousand, respectively, the largest and smallest amount for this item of expenditure among all living presidents.

BOOK

If Barack Obama decides to write a memoir, then publishers estimate that he will receive a contract in the amount of $ 12 to $ 30 million. His spouse Michelle publishers are willing to pay $ 10-15 million for the memoirs. And this is just for writing a book. If it sells well, he can get millions of dollars in royalties.

Speech and training

Obama is considered to be an excellent speaker, so if he decides to make money as a guest speaker, he can receive huge fees.

For example, former Secretary of State Hillary Clinton receives about $200 thousand for one speech, and the 42nd President Bill Clinton receives $500 thousand, and these fees do not decrease over the years.

According to CNN estimates, from 2001 to 2015, the Clintons received about $ 153 million for performances.

teaching

From 1992 to 2004, Obama taught law at the University of Chicago. Now, some experts suggest that he may return to teaching, and at Columbia or Harvard University. On average, a Harvard professor earns about $ 200 thousand per year.

Basketball Team Owner

Obama has long shown an interest in sports, particularly basketball. Therefore, there is a possibility that he will acquire a club for himself. Moreover, he had already shown interest in this - in the summer of 2016, the White House press secretary stated that Obama discussed the possibility of becoming a co-owner of a basketball club with other investors. Most likely, they were talking about the Chicago Bulls, although the name of the team was not specified at that time.

It is quite difficult to estimate the profit from such an investment. In most cases, business clubs themselves are bought by businessmen as entertainment, not investment. However, sometimes they earn, and sometimes lose millions of dollars.

Outdoor activities

Obama has repeatedly stated that after the end of the presidential term, he will return to Chicago, where he will be engaged in socially useful activities, to support active young people, in particular young African Americans.

After he left the post, the Obama Foundation announced such intentions. Such an activity is unlikely to bring him a profit, but it will give him the opportunity to write books in parallel and give speeches, which will more than provide his family.

At the same time, Joe Biden's pension will be based on his activities as head of the Senate, vice-presidency, and on what he devoted to civil service almost 43 year. Given all this, his pension will be $ 249 thousand per year.

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