Barack and Michelle Obama Buy a Mansion on Martha’s Vineyard

The Obamas have made tens of millions of dollars through book royalties. Speaking engagements also bring in millions of dollars.  

In 2006 the Obamas reported income of $916,000. Barack’s second book “Audacity of Hope”, released in October 2006, was a massive hit, selling millions of copies and rocketing the Obama’s income to $4.2 million in 2007. Their income continued to swell in the following years thanks to Barack’s 2008 successful campaign and election. To this day, Barack Obama earns $3.75 for every hardcover copy and $1.12 for every paperback he sells. Royalties remained healthy in 2008, 2009 and 2010.

In February 2017, Barack and Michelle Obama received a $60 million advance for the combined rights to their autobiographies.

Former President Barack Obama and Michelle Obama have purchased a seven-bedroom, nine-bathroom home in Edgartown, Massachusetts, according to reports. The price for the 29-acre estate was $11.75 million, public records show.

 

 

 

 

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