Source: Anadolu Agency / Getty
A new estimate of former President Barack Obama and his wife Michelle Obama‘s net worth has some folks pretty upset, as they look the other way while Trump allegedly uses the presidency to make money.
The Obama family came from humble beginnings, but now the ex-president and first lady are worth about $40 million—30 times more than when they entered the White House in 2008, the Business Insider reported.
That news prompted some people, presumably Donald Trump supporters, to spew hate for the Obamas on social media, accusing the former president of being a thief and forgetting people back in Chicago.
However, there’s no truth to that view.
Obama, raised by a single mother and his grandparents, worked his way through college. By 2004, he earned a salary of $60,287 from the Illinois State Senate and $32,144 as a law professor at the University of Chicago, according to Time. By 2005, the future president and his wife had “barely finished” paying off their student loans.
Yet, the Obamas donated more than $1 million while they were in the White House, Forbes reported, most of it to support charities that help children. In 2017, after leaving office, the couple donated $2 million to summer jobs programs in Chicago, among other significant contributions
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