According to americannews:
White House is panicking after damning secret about Malia Obama.
Michelle and Barack Obama have worked hard to keep the details of their daughters’ lives hidden from the public. So they probably weren’t pleased this week when an article was released exploring their 18-year-old daughter’s net worth.
Morning Ledger reported that Malia Obama and her sister Sasha Obama have $200,000 and $450,000 in 529 college plans—and it looks like they will need it. The first presidential daughter graduated from the Sidwell Friends School in Washington, D.C. and will be taking a gap year before studying at Harvard University.
According to the source, Malia’s net worth is difficult to track. She has been working in the film and TV industry since before she could drive.
Of course, her father’s wealth is much easier to uncover. As the current president, Barack Obama earns $400,000 a year. Celebrity Net Worths estimates he is worth $12.2 million—but that is not entirely accurate given that he receives book royalties, has investments, and accrues monetary awards and prizes. In fact, his upcoming memoir is predicted to earn $20 million, and the Nobel Peace Prize alone earned him $1.4 million.
Barack is the breadwinner, but sadly, Michelle Obama is not far behind. She likely offers $11.8 million in her books, investments, and assets.
Taking all their earnings together, the Obama family has more than a $23 million net worth.
It looks like their lavish lifestyles will continue even after they leave the White House…but at least they will be reaching into their own pockets, instead of ours.
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