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$1.3 million in 2007, $7 million in 2016....net worth of the former POTUS, now
Posted on 3/15/17 at 10:00 am
Posted on 3/15/17 at 10:00 am
just how in the hell does that happen. More interested in something along those lines than some old tired tax return which has likely been audited a bazillion times.
16
Posted on 3/15/17 at 10:02 am to wfallstiger
Muh shitty book royalties
Posted on 3/15/17 at 10:02 am to wfallstiger
Media has no interest in this.
Posted on 3/15/17 at 10:02 am to wfallstiger
That actually doesn't seem like a huge leap. Retirement planning, compounding returns, low to no expenses (the president doesn't use his cash or CC for dinner). That seems like a reasonable increase in net worth.
Posted on 3/15/17 at 10:02 am to wfallstiger
The President is now a celebrity position and celebrities make lots of money.
Posted on 3/15/17 at 10:03 am to wfallstiger
That tax return shite has y'all in a tizzy. Chill.
Posted on 3/15/17 at 10:04 am to wfallstiger
Someone will come along and say "books" made him rich. Then I'll say, "so he's making money on the side while being president just as Trump is doing but yet it's held against Trump".
Posted on 3/15/17 at 10:07 am to wfallstiger
$400,000 annual salary for 8 years = 32,000,000. Considering the POTUS doesn't really need to spend money on much while serving in office, a better question is why doesn't the former president have a higher net worth?
Posted on 3/15/17 at 10:12 am to wfallstiger
Siphoned off all that stimulus money.
Posted on 3/15/17 at 10:13 am to wfallstiger
quote:Earning 2 salaries plus pensions and other investments with reduced costs at the time the stock market tripled.
just how in the hell does that happen.
Seems about right. Posted on 3/15/17 at 10:24 am to wfallstiger
Just to make your head explode...do the same for Nancy Pelosi.
Posted on 3/15/17 at 11:03 am to wfallstiger
quote:
just how in the hell does that happen.
The answer is public knowledge. That's why nobody is reporting on it.
Posted on 3/15/17 at 11:26 am to wfallstiger
quote:
$1.3 million in 2007, $7 million in 2016....net worth of the former POTUS, now
just how in the hell does that happen.
Not hard to figure. It's basically millions from Presidential Salary and even more millions from book sales.
Here is a breakdown of Obama's main income while he was President:
$3.1 million Presidential salary
$4.5 million from his first book Dreams of My Father
$3 million from second book Audacity of Hope and third book A Letter to My Daughters (profits of this one were donated).
That's at least $10.6 million in income while President. If he was worth $1.3 million in 2007 and earned $10.6 million(ish) from 2009-2016 (I'm sure he also made good money in 2008 which isn't part of the 10.6 million) it's not hard to see how he would have a net worth of $7 million in 2016. I wouldn't be surprised if he is actually worth even more than that.
Posted on 3/15/17 at 11:34 am to wfallstiger
quote:Obama's earnings from 2005-2016
just how in the hell does that happen
Seems pretty reasonable.
Posted on 3/15/17 at 11:39 am to wfallstiger
Harry Truman once said that if you leave the Presidency a much richer man than before then you are probably not doing some thing right.
When he left in 1953 all he got from the US government was his 112.00 a month Army pension. He moved back to his old house in Missouri and he turned down numerous offers to cash in on his celebrity....All he ever did was get paid for his memoirs.
I don't see Presidents doing this today
When he left in 1953 all he got from the US government was his 112.00 a month Army pension. He moved back to his old house in Missouri and he turned down numerous offers to cash in on his celebrity....All he ever did was get paid for his memoirs.
I don't see Presidents doing this today
Posted on 3/15/17 at 12:04 pm to wfallstiger
quote:
just how in the hell does that happen. More interested in something along those lines than some old tired tax return which has likely been audited a bazillion times.
What? I thought everybody's wealth quintupled during the weakest economic recovery since the Great Depression.
Posted on 3/15/17 at 12:06 pm to wfallstiger
Book royalites? Oh and the market increase under his administration would have made even an index fund in a blind trust increase dramatically.
This post was edited on 3/15/17 at 12:08 pm
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