The Obama sisters grew up in front of America's
eyes, transforming from adorable children
into beautiful and accomplished young women.
While they haven't entered the workforce yet,
they are well on their way to becoming two
wealthy, accomplished adults.
So how much are they really worth?
Sasha and Malia are no strangers to hard work.
The Obama sisters may have grown up famous
and in a well-off family, but that doesn't
mean they've had everything handed to them.
Barack and Michelle made sure that their kids
knew the importance of working hard.
Michelle told ABC News,
"That was the first thing I said to some of
the staff when I did my visit.
Don't make their beds.
Make mine.
Skip the kids.
They have to learn these things."
Barack said that until his presidential campaign
became too chaotic, he was giving Malia an
allowance of $1 per week, hardly enough to
spoil his then-prepubescent daughter.
Sasha was likely too young to receive any
allowance at all at that point.
It looks like when the Obama sisters are ready
to enter the workforce, they'll do so with
a strong work ethic cultivated by their hard-working
parents.
While Sasha and Malia are still pretty young
and haven't had much of an opportunity to
build up their own fortunes, the Obama sisters
will likely inherit a hefty amount from their
mother one day.
Michelle has amassed quite a bit of wealth
throughout her career.
In 2018, the New York Post reported that Michelle
commands a speaking fee of $225,000 and often
gives speeches for corporations and nonprofits.
In 2018, Michelle and her husband also signed
a $50 million production deal with Netflix
which stands to earn a substantial profit.
The former first lady also earned millions
for her best-selling memoir, Becoming, which
was selected as an Oprah's Book Club pick
in 2018.
According to Reuters, the autobiography received
an advance of more than $60 million, adding
a pretty penny to the Obamas' fortune.
The outlet reported in March 2019 that Michelle's
memoir could eventually become the best-selling
autobiography of all time.
Sasha and Malia will probably inherit quite
a lot of money from their dad.
The former president is worth millions.
According to Business Insider, the Obamas
entered the White House in 2008 with an estimated
net worth of $1.3 million.
That already impressive sum has since ballooned
to a conservative estimate of $40 million
by 2018, although the New York Post estimates
that the former president and first lady could
be worth as much as $135 million.
"I've gotta go because I've gotta go raise
some more money."
That sum includes money from speaking engagements,
book deals, and a six-figure annual pension
which all former U.S. presidents receive.
Barack reportedly earns as much as $400,000
for a speaking engagement.
Between Barack's astronomical earnings and
his wife's equally impressive success, the
Obama sisters will almost certainly inherit
millions, if not more, from their famous and
powerful parents one day.
Even though Sasha and Malia are still in college,
they're not as broke as most college students.
As the daughters of millionaires, the Obama
sisters won't have to take out student loans
to complete their college educations.
Sasha is a student at the University of Michigan,
which, according to the university's website,
comes with a price tag of nearly $55,000 for
out-of-state students for the 2019 through
2020 school year alone.
Room and board costs almost an additional
$12,000.
Malia is studying at Harvard which also costs
quite a lot of money.
According to the school's website, Harvard's
fees for the 2018 through 2019 school year
were nearly $68,000 for tuition, room, and
board.
While it's not clear if the Obama sisters
have earned any scholarships, their parents'
fortune means that they won't qualify for
financial aid.
"And yes you do have to go to school in the
morning."
Graduating without student debt will put them
at a significant advantage.
According to NBC News, 20 percent of adult
Americans carry student loan debt, with the
average monthly student loan payment ranging
from $200 to $300.
The Obama sisters' college careers are shrouded
in a lot of secrecy, and it's not surprising
that they would want to remain as private
as possible after living life in the public
eye for so long.
It's not clear what Malia is studying in college,
but it's likely to be something that will
earn her a considerable salary after graduation,
whether or not she decides to go on to graduate
school.
As a Harvard alum, Malia will be joining the
ranks of rich and powerful people, including
her own parents.
According to Emolument, the average starting
salary for a Harvard grad can vary considerably
depending on field of study, but Harvard grads
are often big earners.
Legal and paralegal grads, for example, make
an average of $306,000 per year, while those
in human resources make $134,000.
While being the kid of a former president
isn't a guaranteed pathway to success, it
does significantly increase the odds of becoming
successful.
Being the child of a former president comes
with a lot of clout that could serve the Obama
sisters well after they graduate from college,
just like it has with other former presidential
children.
They could very well find themselves following
in the footsteps of other prominent figures
whose fathers were also presidents.
Chelsea Clinton, for example, is now worth
millions.
Her stock in IAC, which owns a portfolio of
internet brands, is worth more than $6 million,
according to Barron's magazine, and Clinton
is on the company's board.
George W. Bush's daughter, Jenna Bush Hager,
is also worth a fortune, an estimated $10
million, earning $4 million a year as a co-host
on the Today show.
While Sasha's exact net worth is unknown as
of early 2020, Malia's estimated net worth
is $100,000, although the International Business
Times says she could be worth as much as $250,000.
While this may not sound like that much money
compared to her family's millions, it's certainly
a pretty impressive fortune for a college
student.
Yahoo!
News reported in 2012 that Barack bought Bright
Directions Age-Based Growth Plans for Sasha
and Malia in 2007 which would have been worth,
as of 2010, anywhere from $100,000 to $200,000
each.
Sounds like the Obama sisters will always
be well off.
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