The Obama’s continue to reap the rewards of formerly occupying the White House, now they are entering Hollywood .
Former President Obama saw his net worth explode after leaving the White House, earning upwards of $400K a speech and signing book deals totaling over $60 Million, but Barry Obama is not done yet with profiting being the former president.
“President Barack Obama and Michelle Obama have entered into a multi-year agreement to produce films and series for the streaming platform, potentially including scripted series, unscripted series, docu-series, documentaries, and features,” Netflix said in a statement.
During his presidency Obama was known for partying with Hollywood actors and hip-hop stars. Many took note that Obama was often awestruck by meeting such people as former drug- dealer turned rapper and businessman Jay-Z . He loved to hobnob with people like Kim Kardashian the self professed “climate change expert” Leo Di Caprio, singer and vehement Trump basher John Legend, Le Bron James , Madonna and Beyonce.
Now Obama gets to play entertainment producer!
“One of the simple joys of our time in public service was getting to meet so many fascinating people from all walks of life, and to help them share their experiences with a wider audience,” said former President Obama. “That’s why Michelle and I are so excited to partner with Netflix – we hope to cultivate and curate the talented, inspiring, creative voices who are able to promote greater empathy and understanding between peoples, and help them share their stories with the entire world.”
“Barack and I have always believed in the power of storytelling to inspire us, to make us think differently about the world around us, and to help us open our minds and hearts to others,” said Michelle Obama. “Netflix’s unparalleled service is a natural fit for the kinds of stories we want to share, and we look forward to starting this exciting new partnership”, Michelle Obama continued.
The former president will still make $200,000 a year for being the former president in pension funds. In 2016, the progressive Obama vetoed a bill which would have capped the pension for former presidents. The former president’s net worth is now over $12 million and counting. President Trump is a wealthy man, however becoming president has actually harmed his financials.
Obama gets to live his dream and be around Hollywood types all day, and get paid for it !
By: Rory Fulmacher