Michelle Obama Net Worth
Michelle Obama has an estimated net worth of $70 million. Michelle Obama is a lawyer, writer, and the wife of former U.S. President Barack Obama. Prior to her role as the first lady, she was a lawyer, Chicago city administrator, and community-outreach worker. Before Barack Obama was elected to the presidency in 2008, Michelle worked primarily for University of Chicago hospitals, earning most of the family income.
In February 2017, Barack and Michelle Obama received a $65 million advance for the rights to their combined autobiographies plus one more (three books in total). On its first day alone, her 2018 memoir “Becoming” sold 750,000 copies. By far, the book has sold more than 10 million copies. The book discusses the experiences that shaped her, from her childhood in Chicago to her years living in the White House.
To calculate the net worth of Michelle Obama, subtract all her liabilities from her total assets. Investments, savings, cash deposits, and any equity she has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.
Here’s the breakdown of her net worth:
|Net Worth:||$70 Million|
|Monthly Salary:||$50 Thousand|
|Annual Income:||$10 Million|
|Source of Wealth:||Lawyer, Writer|
Michelle LaVaughn Robinson was born on January 17, 1964, in Chicago, Illinois. Fraser Robinson, Michelle’s father, was a city-pump operator and Democratic precinct captain. Marian, her mother, was a secretary at Spiegel’s before staying at home to raise Michelle and her older brother, Craig. Craig and Michelle were frequently misidentified as twins despite their age difference of only 21 months.
The Robinsons lived on Chicago’s South Side in a small bungalow. Michelle and Craig shared quarters, sleeping in the living room with a sheet separating them. They were a close-knit family who frequently shared meals, read, and played games together.
Michelle and her brother, who were raised with an emphasis on education, learned to read at home by the age of four. They both skipped second grade. Michelle was enrolled in her school’s gifted program by sixth grade, where she learned French and completed accelerated biology courses.
Michelle went on to Whitney M. Young Magnet High School, the city’s first magnet high school for gifted children, where she was the student government treasurer among other things. She graduated from high school as class salutatorian in 1981.
College and Law School
Michelle attended Princeton University, where she graduated with honors in 1985 with a B.A. in Sociology, following in the footsteps of her older brother. She went on to study law at Harvard Law School, where she participated in protests calling for more minority students and professors to be admitted and hired. She received her J.D. in 1988.
Marriage to Barack
On October 3, 1992, Michelle and Barack were married at Trinity United Church of Christ. They met at Michelle’s first job as a lawyer at the Chicago firm Sidley Austin in 1989. Barack, Michelle’s future husband, was a summer intern to whom Michelle was assigned as an adviser.
Michelle initially refused to date Barack, believing that their professional relationship would make the romance inappropriate. She eventually relented, and the couple quickly fell in love. Barack proposed after two years of dating.
Career in Lawyer and Public Service
Michelle worked as an associate in the Chicago branch of the law firm Sidley Austin in the areas of marketing and intellectual property after graduating from law school in 1988.
She left corporate law in 1991 to pursue a career in public service, first as an assistant to Mayor Richard Daley and then as the City of Chicago’s assistant commissioner of planning and development.
Michelle became executive director of Public Allies’ Chicago office in 1993, a nonprofit leadership-training program that assisted young adults in developing skills for future careers in the public sector.
Michelle joined the University of Chicago as associate dean of student services in 1996, where she created the school’s first community-service program. She began working for the University of Chicago Hospitals in 2002 as the executive director of community relations and external affairs.
Michelle was appointed vice president for community and external affairs at the University of Chicago Medical Center in May 2005, where she worked part-time until shortly before her husband’s inauguration as president. She was also a member of the prestigious Chicago Council on Global Affairs’ board of directors.
Causes and Accomplishments as First Lady
As First Lady of the United States, Michelle Obama prioritized issues such as military family support, assisting working women in balancing career and family, and encouraging national service.
During the first year of Barack and Michelle Obama’s presidency, they volunteered at homeless shelters and soup kitchens in the Washington, D.C. area. Michelle also spoke at public schools about the importance of education and volunteer work.
Michelle, who was concerned about her family’s diet and health, supported the organic-food movement, instructing White House kitchens to prepare organic food for guests and her family.
Michelle worked with 23 fifth graders from a local school in Washington, D.C. in March 2009 to plant a 1,100-square-foot garden of fresh vegetables and install beehives on the White House’s South Lawn. She has also prioritized efforts to combat childhood obesity.
Healthy Living Initiatives
Michelle remained dedicated to her health and wellness causes throughout her presidency. As part of her Let’s Move initiative, she announced a new fitness program for kids in 2012. She worked with the US Olympic team and other sports organizations to encourage young people to try a new sport or activity.
“1.7 million young people will participate in Olympic and Paralympic sports in their communities this year, many for the first time. And this is critical because sometimes all it takes is the first lesson, clinic, or class to get a child interested in a new sport “In a statement, she said
Michelle put her message in print by publishing a book as part of her mission to promote healthy eating. American Grown: The Story of the White House Kitchen Garden and Gardens Across America (2012) delves into her own experience planting a vegetable garden as well as the work of community gardens in other parts of the country.
According to Reuters, she saw the book as a chance to help readers understand “where their food was coming from” and “to talk about the work that we’re doing with childhood obesity and childhood health.”
Malia, born in 1998, and Sasha, born in 2001, are Barack and Michelle’s two daughters.
Michelle and Barack have both stated that their children are their top priority. After Barack was elected president in 2008, the parents realized that moving from Chicago to Washington, D.C. would be a significant change for any family. Their lives were drastically altered by living in the White House, having Secret Service protection, and always being in the shadow of their parents’ public obligations.
The Obamas attempted to make their daughters’ lives as “normal” as possible by establishing set times for studying, going to bed, and waking up.
Michelle has stated, “My first priority will always be to ensure that our girls are healthy and grounded.” “Then I want to help other families get the support they need to thrive, not just survive.”
Michelle was publicly recognized for her no-nonsense campaign style as well as her sense of fashion after her husband’s political role thrust her family into the spotlight.
She was named one of “25 of the World’s Most Inspiring Women” by Essence magazine in May 2006. Michelle was named number 58 in “The Harvard 100,” a yearly list of the school’s most influential alumni, by 02138 magazine in September 2007.
She also appeared on the cover of Vogue twice and was named to the Vanity Fair best-dressed list two years in a row, as well as People magazine’s best-dressed list in 2008.
Michelle and her daughters received attention for their fashion choices during her husband’s second term inauguration ceremony on January 21, 2013, which included clothes from Thom Browne, J. Crew, and Kate Spade. Michelle was also praised for the red Jason Wu gown she wore to the subsequent events.
Michelle’s memoir, Becoming, was released in late 2018. Describe the “She tweeted about her “deeply personal experience” of writing the book, saying, “I talk about my roots and how a girl from the South Side found her voice.” I hope my story inspires readers to find the courage to be who they want to be.” Becoming’s audio version won a Grammy for best spoken word album 14 months later.
The Obama Portraits
The Smithsonian’s National Portrait Gallery unveiled official portraits of Barack and Michelle Obama on February 12, 2018. The colorful portraits, created by African American artists, were noticeably different from previous years’ more traditional efforts: Kehinde Wiley’s work featured Barack in a chair surrounded by greenery and symbolic flowers, while Amy Sherald depicted the former first lady in a flowing gown, gazing back at viewers from a sea of blue.
Deal With Netflix
Michelle and Barack announced in May 2018 that they had signed a multi-year deal with Netflix to produce series and films through their company, Higher Ground Productions. “Barack and I have always believed in the power of storytelling to inspire us and change our perspectives on the world around us,” the former first lady said in a statement.
Their first collaboration resulted in the August 2019 release of American Factory on Netflix, a documentary about the 2015 opening of a Chinese-owned automotive glass factory in Dayton, Ohio, and the clash of differing cultures and business interests. American Factory, a critical success, won the Academy Award for best documentary feature in February 2020.
Michelle was the subject of another Netflix documentary, Becoming, which followed her on tour to promote her memoir of the same name.
Coronavirus, Storytime Series and Podcast
Michelle appeared alongside Laura Bush on Lady Gaga’s One World: Together at Home benefit concert in April to thank health care workers and offer a message of hope as the world grappled with the coronavirus in 2020. Soon after, she collaborated with PBS and Penguin Random House to launch her live-streamed Mondays with Michelle Obama series, in which she reads some of her favorite children’s books.
Michelle Obama launched her podcast, The Michelle Obama Podcast, on Spotify in 2020.
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