Barack Obama

In 2007, who estimated Obama's net worth at $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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  • Obama was born on August 4, 1961 at Kapiolani Medical Center for Women and Children in Honolulu, Hawaii. He is the only president born outside the contiguous 48 states. He was born to an American mother of European descent and an African father. His mother, Ann Dunham (1942–1995), was born in Wichita, Kansas; she was mostly of English descent, with some German, Irish, Scottish, Swiss, and Welsh ancestry. (In July 2012, Ancestry.com found a strong likelihood that Dunham was descended from John Punch, an enslaved African man who lived in the Colony of Virginia during the seventeenth century.) His father, Barack Obama Sr. (1936–1982), was a married Luo Kenyan from Nyang'oma Kogelo. Obama's parents met in 1960 in a Russian language class at the University of Hawaii at Manoa, where his father was a foreign student on a scholarship. The couple married in Wailuku, Hawaii, on February 2, 1961, six months before Obama was born.

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  • Obama signed many landmark bills into law during his first two years in office. The main reforms that were passed include the Patient Protection and Affordable Care Act (commonly referred to as the "Affordable Care Act" or "Obamacare"), although without a public health insurance option, the Dodd–Frank Wall Street Reform and Consumer Protection Act, and the Don't Ask, Don't Tell Repeal Act of 2010. The American Recovery and Reinvestment Act of 2009 and Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 served as economic stimulus amidst the Great Recession. After a lengthy debate over the national debt limit, he signed the Budget Control and the American Taxpayer Relief Acts. In foreign policy, he increased U.S. troop levels in Afghanistan, reduced nuclear weapons with the United States–Russia New START treaty, and ended military involvement in the Iraq War. He ordered military involvement in Libya, contributing to the overthrow of Muammar Gaddafi. He also ordered the military operations that resulted in the deaths of Osama bin Laden and suspected Yemeni Al-Qaeda operative Anwar al-Awlaki.

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  • One of the first memorials was the Tribute in Light, an installation of 88 searchlights at the footprints of the World Trade Center towers. In New York City, the World Trade Center Site Memorial Competition was held to design an appropriate memorial on the site. The winning design, Reflecting Absence, was selected in August 2006, and consists of a pair of reflecting pools in the footprints of the towers, surrounded by a list of the victims' names in an underground memorial space. The memorial was completed on September 11, 2011; a museum also opened on site on May 21, 2014.

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  • One of the first memorials was the Tribute in Light, an installation of 88 searchlights at the footprints of the World Trade Center towers. In New York City, the World Trade Center Site Memorial Competition was held to design an appropriate memorial on the site. The winning design, Reflecting Absence, was selected in August 2006, and consists of a pair of reflecting pools in the footprints of the towers, surrounded by a list of the victims' names in an underground memorial space. The memorial was completed on September 11, 2011; a museum also opened on site on May 21, 2014.

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  • In 1971, Obama returned to Honolulu to live with his maternal grandparents, Madelyn and Stanley Dunham. He attended Punahou School—a private college preparatory school—with the aid of a scholarship from fifth grade until he graduated from high school in 1979. In his youth, Obama went by the nickname "Barry". Obama lived with his mother and half-sister, Maya Soetoro, in Hawaii for three years from 1972 to 1975 while his mother was a graduate student in anthropology at the University of Hawaii. Obama chose to stay in Hawaii with his grandparents for high school at Punahou when his mother and half-sister returned to Indonesia in 1975 so his mother could begin anthropology field work. His mother spent most of the next two decades in Indonesia, divorcing Lolo in 1980 and earning a PhD degree in 1992, before dying in 1995 in Hawaii following unsuccessful treatment for ovarian and uterine cancer.

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