Digging into the Former First Lady’s Fortune: Michelle Obama’s Net Worth Revealed
Hailed as a global icon, Michelle Obama (59 years old) has made waves as the first African-American First Lady of the United States. A lawyer, writer, and prominent advocate, she is admired not only for her intelligence and grit but also her incredible sense of style and charisma.
But besides her illustrious career, how much is Michelle Obama worth today? To answer that, let’s explore Michelle Obama’s net worth in detail.
Unpacking Michelle Obama’s $70 Million Net Worth
Regarded as a symbol of poise and power, Michelle Obama has etched a remarkable journey as the first African-American First Lady of the United States. With her firm belief in equality and education, she has resonated with millions worldwide, advocating for numerous causes that have the potential to uplift and empower.
As a lawyer by profession, Michelle has built a solid base of knowledge, exhibiting intelligence and perseverance. Her tenure as First Lady saw her championing a variety of significant initiatives, earning her well-deserved respect and admiration on the global stage.
The second facet of Michelle Obama that has caught the world’s attention is her definitive sense of style and magnetic charisma. Her sartorial choices have always been reflective of her bold and confident personality. Whether it was during White House events or now during her speaking engagements, she has effortlessly showcased that style and substance go hand in hand.
Michelle hasn’t just stopped at creating an impact; she has found a way to monetize her influence effectively. Her net worth, estimated to be around $70 million as of 2021 by Celebrity Net Worth, stands as a testament to her success.
This figure combines her earnings from her illustrious legal career, the profound success of her memoir, ‘Becoming’, public speaking engagements, and various other ventures. This considerable net worth only goes on to prove that Michelle Obama is indeed a force to be reckoned with.
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The Combined Wealth of The Obamas
When examining the collective wealth of Michelle and Barack Obama, the numbers truly reflect the results of successful careers intertwined with the influence they’ve made on the world. Let’s begin with Barack Obama’s earnings.
Before serving as the 44th President of the United States, he was a successful attorney and a lawmaker in the Illinois State Senate. His salaried income, combined with his earnings from his two best-selling memoirs prior to his presidency, ‘Dreams from My Father‘ and ‘The Audacity of Hope‘, certainly lay the groundwork for their substantial wealth.
In an even more in-depth view, the figure of $70 million as their combined net worth doesn’t only stem from their salaries and Barack Obama’s book deals. This impressive total also factors in the significant earnings they have made since leaving the White House in 2017.
Notably, the couple signed lucrative book deals, and they further broadened their financial horizon by venturing into television production. Their production company, Higher Ground Productions, signed a multi-year deal with Netflix, producing a series of acclaimed documentaries and shows.
With their carefully curated ventures into various industries, the Obamas have ensured that their earning portfolio is as diverse as it is profitable.
Michelle’s Business Ventures
While Michelle Obama may not own a conventional business entity like many of her peers, the various avenues through which she has generated income should not be underestimated. The former First Lady has wisely diversified her earnings, giving her a broad and robust income portfolio. Central to that income has been the astonishing success of her memoir, ‘Becoming’.
This in-depth and heartfelt exploration of her life has resonated with millions globally, earning her significant returns and propelling her even further into the global spotlight. However, Michelle Obama’s work doesn’t stop with generating personal wealth.
She is equally well-known for her philanthropy and advocacy work. Her speaking engagements, while profitable, often center around causes close to her heart, such as education for girls, healthy lifestyles, and support for military families.
Many of these engagements have brought both awareness and financial support to numerous charities and institutions. Additionally, alongside her husband, she founded the Obama Foundation, a non-profit organization dedicated to fostering leadership, promoting civic engagement, and enhancing opportunities for youth around the world.
While these activities may not serve to increase Michelle Obama’s net worth directly, they help to underscore her commitment to bettering society, even after her term as the First Lady, amplifying her immense influence and impact worldwide.
Life After The White House: The Obama’s Netflix Deal
Since leaving the White House, the Obamas have ventured into the media landscape, notably via a partnership with streaming giant, Netflix. In 2018, under their production company, Higher Ground Productions, the Obamas inked a multi-year deal with Netflix to produce a variety of content, including documentaries, docu-series, feature films, scripted television series and children’s shows.
Several projects birthed from this collaboration have made quite an impact already. One of their earliest releases, ‘American Factory‘, won the Academy Award for Best Documentary Feature in 2020. This film explored the culture clash between Chinese and American workers in an Ohio factory, presenting a deep, nuanced perspective on the global economy.
Another one of their releases, ‘Becoming’, is a documentary that traces Michelle Obama’s life and her experiences during her book tour for her memoir, sharing an intimate look at her life, hopes, and connection with others. Other noteworthy projects include ‘Crip Camp: A Disability Revolution‘, a heartening documentary about a summer camp for teenagers with disabilities, and ‘The Michelle Obama Podcast‘, where the former first lady engages in deep conversations with loved ones and public figures alike.
The Obamas’ work with Netflix reflects their commitment to bringing to light stories of people with different backgrounds and experiences. Their content often embodies their ethos of uplifting overlooked voices, engaging audiences on important societal issues and sparking conversations about what unites us.
Interested in learning more about Michelle Obama’s incredible journey? Enjoy her enlightening memoir Becoming on Blinkist. Remember, you can access this inspiring read with a free 7-day trial on Blinkist. Embark on this riveting journey with Michelle Obama today!