John McCain was nominated as the Republican candidate, and he selected Sarah Palin as his running mate. The two candidates engaged in three presidential debates in September and October 2008. On November 4, Obama won the presidency with 365 electoral votes to 173 received by McCain. Obama won 52.9% of the popular vote to McCain's 45.7%. He became the first African American to be elected president. Obama delivered his victory speech before hundreds of thousands of supporters in Chicago's Grant Park.
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.
More InfoOn August 23, Obama announced his selection of Delaware Senator Joe Biden as his vice presidential running mate. Obama selected Biden from a field speculated to include former Indiana Governor and Senator Evan Bayh and Virginia Governor Tim Kaine. At the Democratic National Convention in Denver, Colorado, Hillary Clinton called for her supporters to endorse Obama, and she and Bill Clinton gave convention speeches in his support. Obama delivered his acceptance speech, not at the center where the Democratic National Convention was held, but at Invesco Field at Mile High to a crowd of approximately 84,000 people; the speech was viewed by over 38 million people worldwide.
More InfoAfter 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.
More InfoIn June 1989, Obama met Michelle Robinson when he was employed as a summer associate at the Chicago law firm of Sidley Austin. Robinson was assigned for three months as Obama's adviser at the firm, and she joined him at several group social functions but declined his initial requests to date. They began dating later that summer, became engaged in 1991, and were married on October 3, 1992. After suffering a miscarriage, Michelle underwent in vitro fertilization to conceive their children. The couple's first daughter, Malia Ann, was born in 1998, followed by a second daughter, Natasha ("Sasha"), in 2001. The Obama daughters attended the University of Chicago Laboratory Schools. When they moved to Washington, D.C., in January 2009, the girls started at the Sidwell Friends School. The Obamas have two Portuguese Water Dogs; the first, a male named Bo, was a gift from Senator Ted Kennedy. In 2013, Bo was joined by Sunny, a female.
More InfoObama was elected to the Illinois Senate in 1996, succeeding Democratic State Senator Alice Palmer from Illinois's 13th District, which, at that time, spanned Chicago South Side neighborhoods from Hyde Park–Kenwood south to South Shore and west to Chicago Lawn. Once elected, Obama gained bipartisan support for legislation that reformed ethics and health care laws. He sponsored a law that increased tax credits for low-income workers, negotiated welfare reform, and promoted increased subsidies for childcare. In 2001, as co-chairman of the bipartisan Joint Committee on Administrative Rules, Obama supported Republican Governor Ryan's payday loan regulations and predatory mortgage lending regulations aimed at averting home foreclosures.
More InfoWe don't show ads. Help us keep it that way.