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Last post 7 years ago by ZRX1200. 19 replies replies.
Acquired a Financial Fund..??
DrafterX Offline
#1 Posted:
Joined: 10-18-2005
Posts: 98,512
Barack and Michelle Obama each leave the White House as multi-millionaires, and reports suggest they could make up to $240 million more as they cash in on post-presidency opportunities.

President Obama’s current net worth is $12.2 million while the first lady is worth $11.8 million.


That's a lot more than they entered the White House with in 2008.

The Obama’s reportedly made $2,656,902 the year he became America’s first African-American president, significantly more than when he was earning $80,000 in salary from the Illinois State Senate and $32,000 from the University of Chicago Law School, where he was a professor, according to GoBankingRates.com.

By 2007, Obama had earned more than $3 million in book royalties. He also added more millions to his name when he acquired a financial fund worth between $1 million and $5 million that same year.

During his presidency, Obama was getting an annual salary of $400,000, plus a $50,000 annual expense account, $100,000 for travel, which was not taxed, and an entertainment budget of $19,000.

According to a study by American University, the Obamas' combined net worth of $24 million as they leave the White House is miniscule compared to the riches they are likely to amass in the future, a number now pegged at $242 million, said the International Business Times.

Film at 11... Think
Gene363 Offline
#2 Posted:
Joined: 01-24-2003
Posts: 30,685

The good news, not paid by taxpayers and no more tax payer funded vacations.
DrafterX Offline
#3 Posted:
Joined: 10-18-2005
Posts: 98,512
True... true... Mellow


Trump and some of his cabinet dudes are working for a dollar a year... Mellow
mikey1597 Offline
#4 Posted:
Joined: 05-18-2007
Posts: 14,162
fug em
Burner02 Offline
#5 Posted:
Joined: 12-21-2010
Posts: 12,861
H. Reed was worth a little more than a mil when he entered office and had a net worth over 10 mil upon retirement.

Investments did well!
DrafterX Offline
#6 Posted:
Joined: 10-18-2005
Posts: 98,512
I bet Pelosi's mattress is stuffed as well as her bank accounts.. Mellow
DrafterX Offline
#7 Posted:
Joined: 10-18-2005
Posts: 98,512
Heard people quit giving to Hillary's Foundation... she's got nothing to offer them now I guess.... Mellow
frankj1 Offline
#8 Posted:
Joined: 02-08-2007
Posts: 44,211
19K for entertainment?
They can't afford a week in Turks & Caicos!
tonygraz Offline
#9 Posted:
Joined: 08-11-2008
Posts: 20,178
DrafterX wrote:
True... true... Mellow


Trump and some of his cabinet dudes are working for a dollar a year... Mellow


And all they can steal or cheat the country out of.
DrafterX Offline
#10 Posted:
Joined: 10-18-2005
Posts: 98,512
already got your mind made up huh.. Mellow
Burner02 Offline
#11 Posted:
Joined: 12-21-2010
Posts: 12,861
tonygraz wrote:
And all they can steal or cheat the country out of.




So, you think they are taking a page from the Clinton's playbook?

And N Pelosi?

And H Reed?

And the list goes on.
Speyside Offline
#12 Posted:
Joined: 03-16-2015
Posts: 13,106
Tony, are you boycotting watching the inauguration?
TMCTLT Offline
#13 Posted:
Joined: 11-22-2007
Posts: 19,733
Speyside wrote:
Tony, are you boycotting watching the inauguration?



What are you kidding....his family has already removed all television sets to keep him from putting his foot through them.
gummy jones Offline
#14 Posted:
Joined: 07-06-2015
Posts: 7,969
i really have no problems with presidents becoming wealthy nor am i surprised by special business dealings, "acquiring" things, etc

i do not think he was a great president but he served his time and i hope he enjoys the rest of his life
Mr. Jones Offline
#15 Posted:
Joined: 06-12-2005
Posts: 19,364
Where?
Does one just "AQUIRE a financial fund"...

^^^ that sounds shakey and illegal to me.

COMEY... PROLLY GAVE HIM MY MONEY.
ZRX1200 Offline
#16 Posted:
Joined: 07-08-2007
Posts: 60,482
IT'S A SPECIAL SSG 401K FUND.
Mr. Jones Offline
#17 Posted:
Joined: 06-12-2005
Posts: 19,364
^^^ THAT WOULD NOT SURPRISE
ME ONE BIT....
tonygraz Offline
#18 Posted:
Joined: 08-11-2008
Posts: 20,178
TMCTLT wrote:
What are you kidding....his family has already removed all television sets to keep him from putting his foot through them.


I'm not as stupid or as barbaric and uncontrollable as you.
ZRX1200 Offline
#19 Posted:
Joined: 07-08-2007
Posts: 60,482
Yeah you're more like a wrench.

Easily manipulated, open on one end closed on the other, and we all call you a tool.
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