Barack Obama

In what year did Obama's net worth reach $1.3 million?

In December 2007, Money Magazine estimated Obama's net worth at $1.3 million (equivalent to $1.6 million in 2019) . Their 2009 tax return showed a household income of $5.5 million—up from about $4.2 million in 2007 and $1.6 million in 2005—mostly from sales of his books. On his 2010 income of $1.7 million, he gave 14% to non-profit organizations, including $131,000 to Fisher House Foundation, a charity assisting wounded veterans' families, allowing them to reside near where the veteran is receiving medical treatments. Per his 2012 financial disclosure, Obama may be worth as much as $10 million.


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  • After graduating from high school in 1979, Obama moved to Los Angeles to attend Occidental College on a full scholarship. In February 1981, Obama made his first public speech, calling for Occidental to participate in the disinvestment from South Africa in response to that nation's policy of apartheid. In mid-1981, Obama traveled to Indonesia to visit his mother and half-sister Maya, and visited the families of college friends in Pakistan and India for three weeks. Later in 1981, he transferred as a junior to Columbia University in New York City, where he majored in political science with a specialty in international relations and in English literature and lived off-campus on West 109th Street. He graduated with a BA degree in 1983 and worked for about a year at the Business International Corporation, where he was a financial researcher and writer, then as a project coordinator for the New York Public Interest Research Group on the City College of New York campus for three months in 1985.

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  • The damaged section of the Pentagon was rebuilt and occupied within a year of the attacks. The temporary World Trade Center PATH station opened in late 2003 and construction of the new 7 World Trade Center was completed in 2006. Work on rebuilding the main World Trade Center site was delayed until late 2006 when leaseholder Larry Silverstein and the Port Authority of New York and New Jersey agreed on financing. The construction of One World Trade Center began on April 27, 2006, and reached its full height on May 20, 2013. The spire was installed atop the building at that date, putting 1 WTC's height at 1,776 feet (541 m) and thus claiming the title of the tallest building in the Western Hemisphere. One WTC finished construction and opened on November 3, 2014.

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  • In late August 1961, a few weeks after he was born, Barack and his mother moved to the University of Washington in Seattle, where they lived for a year. During that time, the elder Obama completed his undergraduate degree in economics in Hawaii, graduating in June 1962. He left to attend graduate school on a scholarship at Harvard University, where he earned an M.A. in economics. Obama's parents divorced in March 1964. Obama Sr. returned to Kenya in 1964, where he married for a third time and worked for the Kenyan government as the Senior Economic Analyst in the Ministry of Finance. He visited his son in Hawaii only once, at Christmas 1971, before he was killed in an automobile accident in 1982, when Obama was 21 years old. Recalling his early childhood, Obama said, "That my father looked nothing like the people around me—that he was black as pitch, my mother white as milk—barely registered in my mind." He described his struggles as a young adult to reconcile social perceptions of his multiracial heritage.

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  • Obama started in St. Francis Pre-Education from age three to five. From age six to ten, he then attended local Indonesian-language schools: Sekolah Dasar Katolik Santo Fransiskus Asisi (St. Francis of Assisi Catholic Elementary School) for two years and Sekolah Dasar Negeri Menteng 01 (State Elementary School Menteng 01/Besuki school) for one and a half years, supplemented by English-language Calvert School homeschooling by his mother. As a result of those four years in Jakarta, he was able to speak Indonesian fluently as a child. During his time in Indonesia, Obama's step-father taught him to be resilient and gave him "a pretty hardheaded assessment of how the world works."

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