Barak Obama Biography, Networth 2023, Family Life & Remarkable Achivements

 

Barack Hussein Obama II 

BIOGRAPHY 

Barack Obama was born on August 4, 1961, in Honolulu, Hawaii. He attended Occidental College for two years before transferring to Columbia University in New York, where he became interested in a career as a social activist.

After graduation, Obama found work as a community organizer, which led him to Chicago. Obama was hired to head the Developing Communities Project and served in this capacity for over three years. However, realizing the limitations of working at such a localized level, Obama enrolled at Harvard Law School. At Harvard, Obama excelled, eventually becoming the President of the Harvard Law Review, the first African American ever to hold this position. After he graduated from Harvard, Obama wrote a book, Dreams from My Father, based on his family’s experiences. He went to work at the Chicago law firm of Miner, Barnhill & Galland.

On advice from friends, Obama ran for a vacant state Senate seat in 1996, and was successfully elected to represent the 13th Legislative District. In 2000, Obama ran for a seat in Congress but lost to incumbent Bobby Rush. In 2004, Obama successfully ran for a seat in the United States Senate representing Illinois, becoming only the fifth African American senator in United States history. On February 10, 2007, Obama announced that he would run for President of the United States. On June 3, 2008, Obama became the presumptive democratic nominee for the U.S. presidency. He is the first African American to ever win a major political party’s nomination for president. On November 4, 2008, Obama became the president-elect when he won the election for President of the United States. He is the first African American president in the history of the United States. Obama was sworn-in as U.S. president on January 20, 2009.

NETWORTH 2023

As of 2023, Barack Obama’s net worth stands at an estimated $70 million. This figure isn’t just plucked from thin air; it’s backed by credible sources like Celebrity Net Worth.

Looking back, in 2007, Money Magazine had estimated Obama’s net worth to be at $1.3 million. It’s quite astounding to see the growth trajectory of their wealth in just a little over 15 years, reaching $70 million by 2023.

Obama with his wife, Michelle, and their two daughters, Sasha and Malia.

FAMILY LIFE

Obama married Michelle LaVaughn Robinson on October 3, 1992. Their first daughter, Malia Ann, was born on July 4, 1998, and their second daughter, Natasha, known as Sasha, was born on June 10, 2001. Both Michelle and the Obamas’ two daughters were born in Chicago and, until moving to Washington, DC, on January 5, 2009, two months after Barack Obama was elected president, they had spent almost their entire lives there. The Obamas chose to send their daughters to Sidwell Friends School, Sasha initially as a second-grader at the school's Bethesda, Maryland, elementary school campus and Malia as a fifth-grader at its middle school campus in Washington. The Obamas were accompanied to Washington by Michelle's mother, Marian Shields Robinson, whom they invited to live with them in the White House and who did so for all eight years of the Obama presidency. Robinson is the only surviving parent of either Barack or Michelle Obama.

Here are some of the most Remarkable Achievements of Barack Obama’s Presidency:

1. Ended the war in Iraq.

President Obama inherited many international conflicts when he took office. One of these was the Iraq War, which he ended when he ordered all troops to withdraw from the country. The last military troops left Iraq in December of 2011.

2. Championed Healthcare Reform.

In 2010, President Obama signed and implemented the Affordable Care Act, extending health coverage to approximately 32 Million Americans and cutting health care cost.

3. Eliminated enemies of the USA.

President Obama ordered special ops to infiltrate a secret compound in Afghanistan in 2011 resulting in the death of Osama bin Laden, the known leader of the terrorist organization al-Qaeda. Also in 2011, the president had US forces join a coalition with European and Arab governments to topple the dictator Muammar Gaddafi.

4. Passed an American Stimulus Plan.

The economy was in a deep recession at the time that President Obama took office. In 2009, he passed the American Recovery and Reinvestment Act which contributed $787 billion to the economy in an effort to create grow and sustainability which successfully pulled the USA out of the worse recession since the Great Depression.

5. Increased benefits and support for US Veterans.

As of the 2014 census, there are over 19.3 Million Veterans in the USA. Those Veterans deserve to be taken care of when they return home from service but they don’t always get the help they need. President Obama increased the Department of Veterans Affairs budget in 2010 and 2011 as well as signed a new GI bill worth $78 billion to encourage education and businesses for Veterans.

6. Invested in America’s future by supporting renewable technology.

With part of the 2009 stimulus package, President Obama earmarked $90 billion to be invested in renewable energy, smart grids, clean coal, electric cars, and many other technologies that will be essential to future operations.

7. With the help of First Lady Michelle Obama, improved the nutrition of school lunch.

Coordinating with the First Lady, President Obama signed the Healthy Hunger-Free Kids Act in 2010 that put $4.5 billion into school lunch programs, doubling the fruits and vegetables available to children and requiring servings of whole grains to help nourish the children of the United States. That amount also is being used in schools across America to start school gardens to teach children about farming and nutrition. 

8. Passed drastic Wall Street and banking reform.

Part of the recession that President Obama inherited was caused by a lack of banking and Wall Street regulations that saw abuse of loan and spending policies. To combat this, in 2010 President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Act cracked down on abusive and frivolous loan practices and misuse of bank capital, thus holding Wall Street and other bankers accountable.

9. Encouraged Green initiatives.

Known as President Obama’s “stealth climate policy”, with new policies implemented through the FDA, some of the most toxic power plants in the world were shut down across America and drastically decreased carbon emissions. The president also signed the Omnibus Public Lands Management Act in 2009 which protected 2 million acres of wildlife for the purpose of conservation and education.

10. Improved America’s image abroad.

With President Obama’s use of diplomacy and fair practices, he increased the foreign opinions of the United States after a period of anti-American sentiments. From 2008 to 2011, a survey showed favorable opinions toward the U.S. – it rose in ten of fifteen countries surveyed by the Pew Global Attitudes Project, with an average increase of 26 percent showed that among 15 countries polled.