Becoming Rich! How Michelle Obama’s Best-Selling Memoir Bumped up Her Net Worth
When you think of Michelle Obama, what comes to mind? Sure, you may think of her husband Barack, and that’s totally okay since the man etched his name in history after the 2008 presidential election. But to be honest, Michelle is as much her own woman without having to bring Barack into the picture.
A beloved figure all around the world, this immediate former FLOTUS is in elite company with Nancy Reagan and Barbara Bush. What’s more, she’s still making moves even after vacating the White House, and continues to display her “easy and comfortable” side.
An Instant Bestseller
With a little more extra time to herself, Obama was able to write and publish a memoir titled Becoming. It instantly became a bestseller, and it’s definitely worth a read. Suitable for everyone, why don’t you grab your family a copy if you guys haven’t read it yet?
When Barack became President, the Obamas weren’t as wealthy as you’d imagine. Between husband and wife, the couple was worth just $1.3 million. Doesn’t sound much for a first family, does it? But the two had worked really hard for it.
Both Michelle and her husband practiced law back in the day, Barack became senator, and his wife was committed to working for hospitals at the University of Chicago. And just before being sworn in, Barack received $500,000 as an advance for the abridgment of Dreams from My Father for young readers.
During his time in office, President Obama and his wife increased their net worth quite a bit, largely due to smart investments. You could also consider the $200,000 they made annually as POTUS and FLOTUS, without forgetting that Mr. President was still earning royalties from his book.
However, it wasn’t until after their White House days that Michelle really grew her individual income. As it was confirmed, the couple received $65 million upfront to publish their autobiographies, with the amount being a combined total for either of them.
Beating Barack to the Punch
As it turned out, Michelle beat Obama to the punch with Becoming. The masses received the book ever so well, particularly because of how she lays herself bare. It gets really personal when you can relate to your author’s experiences, doesn’t it?
With Michelle being the selfless lady, she always has been, a significant portion of what she has earned for publishing her book has gone to charity. Her publishing house has also donated copies of the book to First Book, a charity that promotes child literacy in both Canada and the United States.
Thus far, it has been reported that Michelle’s net worth sits at $40 million, and that’s not including anything that she co-owns with Barack. That’s milestones away from their shared $1 million back in 2008! And as sure as night follows day, this amount will only grow bigger with time.
The Obamas, as we can all attest, are as humble as they come. Living a modest lifestyle is what they’re good at, and if you want to point out that they vacation at lavish locations, isn’t that the point of being on holiday? You must have spoilt yourself silly the last time you had one yourself!
More in Wallet Groove
Scarlett Johansson’s MASSIVE Marvel Paycheck Shows Closing Pay Gap in Hollywood
For the past decade, the Marvel Cinematic Universe has kept us thoroughly entertained, and there are no signs of them slowing...November 25, 2020
The Maldives has a Program that’ll Reward You for Traveling There–Here’s How it Works
While there are many destinations that have opened up their doors once again for leisure travelers, it seems like the number...November 25, 2020
Why Single Ladies Have Less Debt Than Single Men
When is being indebted to people ever a good thing? Don’t answer that, it is a trick question. The answer is...November 17, 2020
5 Habits of Self-Made Millionaires That Allow Them to Retire in Their 20’s
Many of us dream of retiring a millionaire or at least earlier than normal. There’s a growing segment of people that...November 10, 2020
You Can Stay at These Marilyn Monroe or Howard Hughes-Inspired Bungalows for $8500/Night
If there is one hotel which the A-list celebrities of Hollywood just love to visit, it is the Beverly Hills Hotel....November 4, 2020
Count on the Duggars for an Amazing Renovation as They List a Mansion for $1.8 Million
Anyone who loves reality TV show knows who the Duggar family is. Jim Bob and his wife Michelle Duggar became household...November 4, 2020
Five Questions You Need to Ask Yourself Before Choosing a Business Bank Account
Having a business bank account is something that is required by the Internal Revenue Service (IRS) for all incorporated businesses. What’s...October 27, 2020
Biggest Financial Mistakes People Make that Lead to Debt, And How You Can Avoid Them
To come off as a responsible adult, you have to demonstrate that you can convincingly handle your finances. What’s that thing...October 27, 2020
This is How Johnny Depp Spends $2 Million a Month On His Lavish Lifestyle
According to the former business manager of Johnny Depp, the actor spends extravagantly to support his lavish lifestyle, requiring a monthly...October 20, 2020