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Obama Donated Over $1 Million To Charity As President. Here's Where The Money Went
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TheOfficeMut
Unconfirmed Member
African-American causes is going to cause a riot amongst racists. All causes matter!
He gave $80K to Dave Matthews.
The blackest of causes.
TheOfficeMut
Unconfirmed Member
What a waste of money.
ElectricBlanketFire
Member
Knuckle Sandwich
Member
TheOfficeMut
Unconfirmed Member
Nah I'm thinking maybe an illegal foundation or charity of some sort. Right?
Inferno313
Banned
Since 2001, the president has earned a $400,000 annual salary, along with a $50,000 annual expense account, a $100,000 nontaxable travel account, and $19,000 for entertainment.
what for?
stupid remark.
i saw a stupid meme the other day, it said the Obama's were worth 1.5 million when going into the white house, they're now worth 12.5... something to think about.
Im like, on the grand scheme of "government corruption" making 11 million over 8 years isn't exactly something to write home about.
We've never heard about anything like that, which means it's definitely true! Check-mate lieberals!
SlipperyFishes
Banned
What's that in Bison Dollars?
at least you can identify that its a pie chart, i imagine school students in short order won't know what a pie chart is.
It was a joke.
A Timeline of Barack Obamas Wealth
How exactly did Obama grow his fortune? Heres a timeline of his earnings over the years, as Chronicled by Business Insider:
2004: He earned a salary of $80,287 from the Illinois State Senate and $32,144 from the University of Chicago Law School, where he taught. The president also had assets in four financial funds worth between $50,000 and $100,000 each.
2005: Obama signed a multi-book deal with Random House and received a $1.9 million advance for The Audacity of Hope, plus royalties, following his appearance at the 2004 Democratic National Convention. Also that year he earned just over $847,000 off another book advance, plus $378,000 off additional book royalties. Meanwhile, his investments grew with the addition of a Nuveen Floating Rate Income Fund valued between $50,000 and $100,000. He also reported deposit accounts valued between $150,000 and $350,000.
2006: Obama reported book royalties of just under $150,000, plus $425,000 off an additional book advance. He also acquired publicly-traded assets worth tens of thousands, including funds with Goldman Sachs and Vanguard.
2007: Obama earned $3.3 million off book royalties from Random House and $816,000 from Dystel & Goderich Literary Management. He acquired a Northern Municipal Money Market Fund valued between $1 million and $5 million, in addition to U.S. Treasury notes valued between $500,000 and $1 million. For his daughters, he invested in two 529 college savings plans valued around $200,000 each.
2008: When Obama was selected as president, he owned somewhere between $1 million and $5.1 million in U.S. Treasury bills.
2009: Obama won the Nobel Peace Prize, which came with a $1.4 million award. He donated it to an assortment of charities.
2009-2015: Obama earned $400,000 a year as president and continued to earn book royalties, as well as interest on his investments.
lol this is the exact article i posted in response to the meme.
The Democrat stronghold already pushed conservatives off the site. You guys need to guard better from the left. Let me help:
His industry overlords
Big pharma
The ruling class
That seems normal as shit. Nothing stands out at all. A lot of it is book deals.
Seems like the most honest way to make money.
It's not a pie chart.
DeathoftheEndless
Crashing this plane... with no survivors!
Oh snap!
The Hillary Clinton net worth total of $31.3 million comes from analyzing her Public Financial Disclosure Reports. Bill Clinton has an estimated net worth of $80 million. That gives a combined Bill and Hillary Clinton net worth of $111 million dollars.
President Obama has an estimated net worth of $7 million dollars.
Michelle's net worth is estimated at $11.8 million.
G W Bush was valued at $20 million after having made $7 million off his 2010 book Decision Points and $15 million in speeches.
Without question, John F. Kennedy was the wealthiest U.S. president ever to serve, with a net worth of up to $1 billion.
President Obama has an estimated net worth of $7 million dollars.
Michelle's net worth is estimated at $11.8 million.
G W Bush was valued at $20 million after having made $7 million off his 2010 book Decision Points and $15 million in speeches.
Without question, John F. Kennedy was the wealthiest U.S. president ever to serve, with a net worth of up to $1 billion.
right. never good enough for some people.
yes it is, quit with your alternative facts.
Lovely Salsa
Banned
So what happens now to mr obama? Does he get dem president money for life? 200k+ a year?
ElectricBlanketFire
Member
$200K per year.
parrotbeak
Member
Look at that huge overlap of vets and children! Obama funding child soldiers!
Lovely Salsa
Banned
Jeevesmeister
Banned
Wealthy person makes meager donation of wealth to charitable causes. (charity donations are a tax writeoff, just FYI)
In a just society, charities would largely not exist.
In a just society, charities would largely not exist.
GifGafIsTheBestGaf
Member
The Albatross
Member
He gets the former-presidential stipend, but a 1 hour speaking engagement will net him a cool $1million basically whenever he wants, and he could probably stand on stage and make fart noises with his mouth for an hour and some organization would pay for it...... So he won't be hurtin for cash.
Source? That doesn't seem right. The Kennedy's were an immensely wealthy family, but that would have to presume that all of the Kennedy family wealth would have gone to John, which wouldn't have been the case. Joe Kennedy's companies made him extremely wealthy, but his company's wealth wasn't all his, unlike tycoons like Rockefeller, Carnegie, Vanderbilt.
Because John never worked a private sector job, I think it's tough to estimate his wealth, but when Ted -- John's youngest brother -- died, he had a net worth of about $10million, and he had a much longer political career than John. I'm not sure where a $1b estimation could come from for Jack Kennedy.
*edit*
Aah, I see, it's from this estimate: http://www.marketwatch.com/story/to...t-poor-compared-to-past-presidents-2015-06-01
That's very faulty logic. It's attributing the entire fortune of Joe Kennedy (which probably wasn't $1b) to Jack Kennedy. That wouldn't have been the case. There were 9 kids, and some 25+ grand children. Plus, Joe didn't die for another 10 years after Jack was elected president. If John F Kennedy was worth $1b, then it's fair to say that Ted Kennedy would have been worth $1b (considering also the likelihood that Ted would have inherited the family fortune or a much larger piece given that John and Robert and Joe Jr. would be dead), and his net worth was estimated at about $10million.
Krauser Kat
Member
The next book obama writes is going to be incredible.
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