Barack and Michelle Obama’s post presidency has been quite profitable as of late.
For a family whose net worth was only 1.3 million in 2008 when they moved to the White House, they now have amassed a fortune of somewhere between 40 and 135 million dollars according to LMT.
As reported by LMT
From speaking at events around the world to writing memoirs and signing a massive production deal with Netflix, the Obamas’ life after the White House has been full and very lucrative.
For her part, Michelle Obama’s memoir “Becoming” was published in November 2018 and became the year’s No. 1 best-selling book.
These endeavors — along with the six-figure pension all former presidents receive — have significantly contributed to the Obamas’ net worth, which is at least $40 million, according to a 2018 GoBankingRates estimate. The New York Post recently pegged their fortune much higher, at $135 million.
Yes, the Obamas are definitely doing well for themselves with their Netflix contract and other endeavors.
This is one reason why it was such a surprise to hear that their production company, Higher Ground, has just been signed to yet another multi-million dollar contract, but this one with Spotify.
The Federalist Papers reported:
Former U.S. President Barack Obama and his wife Michelle on Thursday announced a multi-year partnership with streaming service Spotify to produce a series of exclusive podcasts.
Under the partnership, the Obamas will “develop, produce and lend their voices” to select podcasts that will be distributed worldwide, Spotify and the Obamas production company, Higher Ground, said in a joint statement.
The announcement follows a multi-year agreement between Higher Ground and Netflix that was announced in 2018 in which the former president and former first lady will produce films, documentaries and other series.
Spotify, the world’s largest music streaming service with more than 217 million monthly active users, will distribute the podcasts to audiences across the globe, the statement said.
So now Mr. and Mrs. O are not only going to be creating movies, but now podcasts? Is there some kind of political agenda going on here?
The Washington Post asserted that none of their productions are going to be political, but can that really be trusted?
As reported by the Washington Post:
The half-hour family series “Listen to Your Vegetables & Eat Your Parents” is aimed at preschoolers and in line with Michelle Obama’s emphasis on healthy eating.
The period drama series “Bloom,” set in post-World War II New York, will explore issues of race, gender and class.
The nonfiction series (read: reality show) “Fifth Risk” will chronicle the “unheralded work done by everyday heroes guiding our government and safeguarding our nation,” according to Netflix.
Even more interesting some statements that Barack and Michelle gave about making podcasts:
As reported by Fox News:
In a statement, the former president says podcasts offer an opportunity to “foster productive dialogue, make people smile and make people think.”
Michelle Obama says she hopes they can help people connect emotionally and open their hearts and minds.
That’s a lofty goal for preschoolers, don’t you think?
All of this, of course, is assuming that Barack and Michelle will have some kind of success in media production in the first place, you know, with their extensive past as lawyers.
What are your thoughts? Leave them in the comment box below!