Barack Obama

When was Money Magazine published with information about Obama's net worth?

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 winning re-election by defeating Republican opponent Mitt Romney, Obama was sworn in for a second term in 2013. During this term, he promoted inclusion for LGBT Americans. His administration filed briefs that urged the Supreme Court to strike down same-sex marriage bans as unconstitutional (United States v. Windsor and Obergefell v. Hodges); same-sex marriage was legalized nationwide in 2015 after the Court ruled so in Obergefell. He advocated for gun control in response to the Sandy Hook Elementary School shooting, indicating support for a ban on assault weapons, and issued wide-ranging executive actions concerning global warming and immigration. In foreign policy, he ordered military intervention in Iraq in response to gains made by ISIL after the 2011 withdrawal from Iraq, continued the process of ending U.S. combat operations in Afghanistan in 2016, promoted discussions that led to the 2015 Paris Agreement on global climate change, initiated sanctions against Russia following the invasion in Ukraine and again after Russian interference in the 2016 United States elections, brokered a nuclear deal with Iran, and normalized U.S. relations with Cuba. Obama nominated three justices to the Supreme Court: Sonia Sotomayor and Elena Kagan were confirmed as justices, while Merrick Garland faced partisan obstruction and was not confirmed. During his term in office, America's reputation abroad significantly improved. His presidency has generally been regarded favorably, and evaluations of his presidency among historians, political scientists, and the general public place him among the upper tier of American presidents. Obama left office in January 2017 and continues to reside in Washington, D.C.

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  • Obama was born in Honolulu, Hawaii, making him the first president not born in the contiguous United States. After graduating from Columbia University in 1983, he worked as a community organizer in Chicago. In 1988, he enrolled in Harvard Law School, where he was the first black person to be president of the Harvard Law Review. After graduating, he became a civil rights attorney and an academic, teaching constitutional law at the University of Chicago Law School from 1992 to 2004. Turning to elective politics, he represented the 13th district from 1997 until 2004 in the Illinois Senate, when he ran for the U.S. Senate. Obama received national attention in 2004 with his March Senate primary win, his well-received July Democratic National Convention keynote address, and his landslide November election to the Senate. In 2008, he was nominated for president a year after his presidential campaign began, and after close primary campaigns against Hillary Clinton, Obama was elected over Republican John McCain and was inaugurated alongside Joe Biden on January 20, 2009. Nine months later, he was named the 2009 Nobel Peace Prize laureate.

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  • The director of the original investigation stated that "the towers really did amazingly well. The terrorist aircraft didn't bring the buildings down; it was the fire which followed. It was proven that you could take out two-thirds of the columns in a tower and the building would still stand." The fires weakened the trusses supporting the floors, making the floors sag. The sagging floors pulled on the exterior steel columns causing the exterior columns to bow inward. With the damage to the core columns, the buckling exterior columns could no longer support the buildings, causing them to collapse. Additionally, the report found the towers' stairwells were not adequately reinforced to provide adequate emergency escape for people above the impact zones. NIST concluded that uncontrolled fires in 7 WTC caused floor beams and girders to heat and subsequently "caused a critical support column to fail, initiating a fire-induced progressive collapse that brought the building down".

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  • In 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.

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  • Obama was born in Honolulu, Hawaii, making him the first president not born in the contiguous United States. After graduating from Columbia University in 1983, he worked as a community organizer in Chicago. In 1988, he enrolled in Harvard Law School, where he was the first black person to be president of the Harvard Law Review. After graduating, he became a civil rights attorney and an academic, teaching constitutional law at the University of Chicago Law School from 1992 to 2004. Turning to elective politics, he represented the 13th district from 1997 until 2004 in the Illinois Senate, when he ran for the U.S. Senate. Obama received national attention in 2004 with his March Senate primary win, his well-received July Democratic National Convention keynote address, and his landslide November election to the Senate. In 2008, he was nominated for president a year after his presidential campaign began, and after close primary campaigns against Hillary Clinton, Obama was elected over Republican John McCain and was inaugurated alongside Joe Biden on January 20, 2009. Nine months later, he was named the 2009 Nobel Peace Prize laureate.

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