
It pays to be an Obama. They’re hitting the big time. They’re on their way to become a billion dollar brand. I guess being a crappy president and whiny ex-FLOTUS has its perks.
In addition to a $65 million book advance and an estimated $50 million deal with Netflix, both of which she shares with husband Barack Obama, the former first lady is poised to rake in millions from appearances on her 10-city US tour and sales of merchandise connected to her autobiography.
Michelle Obama particularly is in high demand, and she’s following in Hillary Clinton’s footsteps and charging HYUUUUGE speaking fees. We’re talking $225,000 per appearance. She’s not quite to her husband’s level yet. He takes in $400,000 per speech.
Forbes estimated the couple made $20.5 million in salaries and book royalties between 2005 — when Barack Obama became a US senator and they first arrived in Washington — and 2016. They are now worth more than $135 million.
And that figure does not include the cash they are raking in for public speaking.
The big takeaway here? The Obamas did nothing to help the black community, and now they’re rolling in the dough. Cool.