Obamas pay $11.75M for Martha’s Vineyard home on nearly 30 acres

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[–][deleted] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (2 children)

I didn't know they had that kind of money. Does politics in the US really pay that well?

[–]DffrntDrmmr 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Just as a former president's wife, Michelle Obama received a $65 million advance for her memoir, "Becoming," and she reportedly commands a speaking fee of $225,000, according to the linked story.

The Obamas also negotiated a $50 million deal with Netflix to develop programming. They are said to have a net worth of $135 million.

Regardless of what their financial status is when they go in, all Congressmen leave office as millionaires.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Just as a former president's wife, Michelle Obama received a $65 million advance for her memoir, "Becoming,"

Would that sell enough to cover the cost?