How Much Money Did Barack Obama Make In 2013

In 2013, Barack Obama’s total income was $481,098. That’s down 27% compared to his 2012 income of $662,076. So what caused this drop? The main reason Obama’s income is down is because sales of his books are starting to slow down. Over the past decade, the vast majority of Barack’s annual earnings have come from royalties earned off the sales of his books “Dreams of my Father” and “The Audacity of Hope”. To this day, Barack Obama earns $3.75 for every hardcover copy and $1.12 for every paperback he sells. In 2013, Barack earned $104,000 in book royalties, compared to $258,000 in 2012. His base salary for being the President of the United States was $394,796. He earned negligible amounts from stocks, dividends and bonds. His total income before deductions was $503,183. Barack and Michelle donated a total of $59,125 to various charities last year. It should be noted that one of the perks of being President is that Barack has access to a $150,000 expense account, a $100,000 tax free travel account and $20,000 entertainment budget. Barack’s income might continue to decline for the next two years, but as soon as he leaves the Oval Office it should skyrocket. Right off the bat, he is probably going to earn a $15 million+ advance for the rights to publish his memoirs. He will also earn tens of millions as a public speaker. For some perspective, between 2001 and 2013, Bill Clinton earned $106 million in speaking engagement fees alone! Vice President Joe Biden and his wife Jill reported total combined income of $407,009 in 2013. Joe earned $230,000 as VP. Dr. Jill Biden earned $82,000 in salary for being a professor at Northern Virginia Community College. The Obama Family Income History:

2000: $240,000 2001: $272,759 2002: $259,394 2003: $238,327 2004: $207,647 2005: $1,655,106 2006: $983,826 2007: $4,139,965 2008: $2,656,902 2009: $5,505,409 2010: $1,728,096 2011: $789,674 2012: $662,076 2013: $481,098

Total: $19,706,196