Barack Obama’s life after leaving the White House has been anything but ordinary. The former U.S. president, who served two terms from 2009 to 2017, transitioned from the world of politics to a new life as a private citizen—and in doing so, he has become a multi-millionaire and one of the most influential figures in the world. But just how does Barack Obama live now that his presidency has come to an end? The details of his lifestyle, investments, and new ventures may surprise you.
The Obama Post-Presidency Boom
Leaving the White House is a significant moment for any former president, but for Barack Obama, it marked the beginning of a new chapter filled with business deals, writing projects, and growing influence in global politics and culture. While he has always maintained a relatively modest public persona, the financial success he has achieved since leaving office is monumental.
Through various lucrative deals, Obama has secured his place in the ranks of America’s wealthiest individuals. Although he didn’t leave the presidency as a billionaire, like his successor Donald Trump, Obama’s earnings in the years following his presidency have been astonishing.
The Book Deals: A $65 Million Windfall
One of the key sources of Obama's post-presidency wealth has been his book deals. In 2017, Barack and Michelle Obama signed a deal with Penguin Random House worth a reported $65 million for their respective memoirs. These books, titled A Promised Land (Obama’s memoir) and Becoming (Michelle Obama’s), became some of the best-selling books of the decade. Obama’s book alone earned millions in royalties, solidifying his status as an influential public figure well beyond the political sphere.
The books offer a rare, inside look into the life of the former president, his time in office, and the obstacles he overcame. As of today, both books continue to sell worldwide, ensuring ongoing financial success for the Obamas.
Netflix Deal: A New Era of Media Influence
In addition to writing, the Obamas have also ventured into the world of film and television production. In 2018, Barack and Michelle Obama signed a multi-year deal with Netflix reportedly worth $50 million. Through their production company, Higher Ground Productions, the couple has produced documentaries, series, and films that focus on themes of social justice, democracy, and history.
One of the company’s first major projects was the Oscar-winning documentary American Factory, which explores the intersection of global economics and American workers. The success of these projects has further bolstered the Obamas' wealth, as well as their cultural influence. Obama’s involvement in the entertainment industry also allows him to shape important narratives and continue to engage with the public in a way that reaches millions of viewers.