Michelle Obama Net Worth 2019: A Deep Dive into Forbes' Estimates
Hello, guys! Today, we're going to take a closer look at the Michelle Obama net worth 2019, as reported by Forbes. If you're curious about how the former First Lady built her wealth and what she's up to now, you're in the right place. So, grab a cup of coffee, and let's dive right in! Guys, explore more in Net Worth and michelle obama net worth 2019 forbes.
Michelle Obama: A Brief Background
Before we jump into the nitty-gritty of Michelle Obama net worth 2019, let's quickly recap her impressive career and background. Michelle Robinson Obama, born on January 17, 1964, is an American lawyer and author. She served as the First Lady of the United States from 2009 to 2017, alongside her husband, former President Barack Obama.
Michelle Obama graduated from Princeton University and Harvard Law School. She began her career as an attorney at the Chicago law firm Sidley Austin. In 1996, she married Barack Obama, and they have two daughters together, Malia and Sasha.
Michelle Obama's Career Beyond the White House
After leaving the White House, Michelle Obama has continued to make a significant impact. She's written a best-selling memoir, "Becoming," launched a podcast, and even started a podcast network with Spotify. She's also a passionate advocate for girls' education, health, and empowerment through initiatives like the Girls Opportunity Alliance.
Now, let's talk money. According to Forbes, Michelle Obama net worth 2019 was estimated to be around $118 million. But how did she amass such wealth? Let's break it down.
Michelle Obama's Earnings: Books and Speaking Fees
One of the significant contributors to Michelle Obama net worth 2019 is her best-selling memoir, "Becoming." The book was released in November 2018 and sold over 10 million copies worldwide. While the exact advance and royalty details are not public, it's safe to say that the book has generated millions in earnings for Michelle Obama.
Before "Becoming," Michelle Obama had already made a fortune from her first book, "American Grown," published in 2012. The book, which focused on her experiences with the White House Kitchen Garden, was a New York Times bestseller.
In addition to her book earnings, Michelle Obama has also raked in millions from speaking fees. According to The Washington Post, she charged between $200,000 and $300,000 per speech during her post-White House speaking tour. She's given speeches for various organizations, including corporations, non-profits, and universities.
Michelle Obama's Partnerships and Endorsements
Michelle Obama has also cashed in on endorsement deals and partnerships. She's worked with brands like Nike, American Express, and Walmart. Her partnership with Spotify for her podcast, "The Michelle Obama Podcast," is also believed to have generated a substantial amount of money.
Barack and Michelle Obama's Netflix Deal
In 2018, Barack and Michelle Obama signed a multi-year deal with Netflix to produce films and series through their production company, Higher Ground Productions. While the exact terms of the deal are not public, it's believed to be worth tens of millions of dollars.
Michelle Obama's Real Estate Holdings
The Obamas have invested in real estate, owning several properties across the United States. Their primary residence is a $8.1 million mansion in Washington D.C.'s Kalorama neighborhood. They also own a $1.3 million condo in Chicago and a $5.3 million Martha's Vineyard vacation home.
Michelle Obama's Net Worth Compared to Other First Ladies
Michelle Obama net worth 2019 places her among the wealthiest former First Ladies. However, she's not the wealthiest. That title goes to Jacqueline Kennedy Onassis, whose estate was worth over $100 million when she died in 1994. Other wealthy former First Ladies include Hillary Clinton, whose net worth is estimated to be around $45 million, and Eleanor Roosevelt, who had a net worth of $50 million when adjusted for inflation.
Michelle Obama's Philanthropy
Despite her considerable wealth, Michelle Obama remains committed to giving back. She's involved in various philanthropic efforts, including her Girls Opportunity Alliance, which aims to empower adolescent girls worldwide through education. She's also a champion for social causes like health, hunger, and veterans' issues.
Michelle Obama's Impact Beyond Net Worth
While Michelle Obama net worth 2019 is certainly impressive, her true impact lies in her influence and advocacy. She's a role model for many, using her platform to promote education, health, and empowerment. She's also a powerful voice for women, people of color, and marginalized communities.
Conclusion: Michelle Obama's Legacy
Michelle Obama's journey from the South Side of Chicago to the White House is a testament to her intelligence, hard work, and resilience. Her $118 million net worth is a reflection of her success as a lawyer, author, and advocate. But beyond her wealth, Michelle Obama's true legacy lies in her impact on the lives of millions of people around the world.
That's a wrap on Michelle Obama net worth 2019! Thanks for joining us on this deep dive. Don't forget to like, share, and comment if you found this article valuable. Until next time, stay curious, and keep learning!