When he served as an Illinois state senator, in the financial statements in 2004, Barack Obama indicated that he has three sources of income. First is the salary of $ 80,287 (USD 770 million) of the Illinois Senate. Another source salary of $ 32,144 (approximately USD 300 million) from the University of Chicago Law School, where he worked as a lecturer.
Third is the salary Michelle, who works as an administrator at the University of Chicago Hospital.
But the financial picture was not clear before 2001, the year when Obama get the money from the book "Dreams From My Father" in 1995 and his legal career.
Obama to invest in three different assets in 2004. First is the Illinois State Senate Pension Fund, which Obama invested between $ 50-100 thousand (approximately USD 480-960 million). The other two are investments in Vanguard funds, investment management firms.
Obama invested in the Vanguard Wellington Fund, which is worth between $ 100-200 thousand (approximately Rp 960 million to Rp 2 billion). Wellington Fund consists of about 60-70 percent and 30-40 percent stock and bond mutual funds fundamentals. Obama also invested $ 50-100 thousand (approximately USD 480-960 million) in Vanguard Wellesley Fund.
He then secured a contract worth the book after the Democratic National Convention in 2004.
After giving an important speech at the 2004 convention as a candidate of the Senate - the speech, "The Audacity of Hope", instantly catapulted the name of Barack Obama a few years before his presidential candidacy - Obama signed several contracts with Random House books.
That is a huge amount of money.
He signed a contract for two nonfiction books and one children's book. The first nonfiction book was "The Audacity of Hope" speech-length version in 2004. While the children's book titled "Of Thee I Sing", donated proceeds.
Here are the terms of the contract for the book that made Obama very rich.
After January 2005, Obama will receive a cash payment of $ 1.9 million (approximately USD 18.2 billion) for "The Audacity of Hope". He also earns royalties from sales of the book. From the audio book, Obama got 10 percent. Random House also reprinted the book in 1995, "Dreams From My Father," which sold more.
In 2005, he was also allocated to some assets - including a friend and political foe, JP Morgan.
Once he got the money, he does not just save it in the bank. He invests.
He has an account of JP Morgan Chase Private Client Asset Management, which is worth at least $ 100 thousand. Northern Trust account worth between $ 250-500 thousand (approximately USD 2.4 to 4.8 billion), and he also saved at UBS.
He also earns royalties $ 378,237 (USD 3.6 billion) of Dystel & Goderich, his agent for "Dreams From My Father" and from Random House for $ 847,167.
Until these details, he has about $ 1.1 to 2.5 million. He used the royalties from his books to buy a lot of short-term bonds (Treasury Notes).
In 2006, he received $ 147,490 for "Dreams From My Father" and $ 425 thousand from Random House for "The Audacity of Hope". In 2007, when his nomination to be president, sales of the book increased sharply. He earned $ 815,971 for the "Dreams" and $ 3.28 million for "Audacity".
With the money, he made some important financial choices. He bought U.S. Treasury Notes worth between $ 500 thousand to $ 1 million. He was moving money from Vanguard Mutual Funds to Vanguard Wellington FTSE Social Index Fund, which invests based on "social criteria, human rights, and the environment."
In 2007, he was also one of the biggest investments for the future of Sasha and Malia. Obama in 2007 bought two Bright Directions: Age-Based Growth Plans, one for Sasha and Malia them for.
Planning funds will finance their college education. Each portfolio is valued at approximately $ 50 thousand to $ 100 thousand. In 2010, the portfolio each worth $ 100 thousand to $ 200 thousand.
Year when he was running for president, he bought U.S. Treasury Bills worth millions of dollars. A little busy with his candidacy, Obama did not make any major changes except invest more in U.S. Treasury Bills.
When the oath of office, Obama has a U.S. Treasury Bills valued at approximately $ 1.1 million to $ 5.1 million, which accounted for most of his net worth. Other assets valued at approximately $ 411 thousand to $ 915 thousand. He did not collect revenue from her books.
When Obama accepted the Nobel Peace Prize of $ 1.4 million (USD 13.41 billion) in 2009, he told the commission award to send the money directly to the charity following:
• $ 250 thousand for the Fisher House, which provides free housing for veterans and military families receiving medical treatment.
• $ 200 thousand plus residual unallocated, for the Clinton-Bush Haiti Fund of the Clinton Foundation, a charity that help rebuild Haiti after the deadly earthquake.
• $ 125 thousand for the American Indian College Fund, which provides scholarships for Native Americans.
• $ 125 thousand for the Appalachian Leadership and Education Foundation, which provides scholarships to low-income communities in the Appalachia region.
• $ 125 thousand for the College Summit, an organization that aims to increase the number of university applicants.
• $ 125 thousand for the Posse Foundation, which provides full scholarships for outstanding high school students.
• $ 125 thousand for the Hispanic Scholarship Fund, which provides scholarships for Latino students.
• $ 125 thousand for the United Negro College Fund, which provides scholarships to black students.
• $ 100 thousand for Africare, an organization that builds water resources and addressing the disease in Africa.
• $ 100 thousand Central Asia Institute, which focuses on education and public health, especially for women in Central Asia.
Above all, Obama also received a salary for their work everyday. Presidential salary was $ 400 thousand (approximately U.S. $ 3.83 billion) per year. To date, he has received $ 1.6 million for his first term.
As a U.S. Senator, Obama paid $ 174 thousand (USD 1.66 billion) per year. And because he's four years in office, he got a $ 696 thousand (USD 6.66 billion) during the tenure.
Taken together, while serving in the federal government, Obama received $ 1.1 million (approximately USD 10.54 billion) before taxes.
His net worth is estimated to be worth $ 2.8 million and $ 11.8 million (Rp 26.83 billion to Rp 113.07 billion) in 2010.