Barack Obama's net worth varies by estimate and year, but he ranked as one of the wealthiest U.S. Presidents, with around $70 million in 2022 dollars (peak), growing significantly from his $1.3M estimate in 2007, largely due to book deals and post-presidency earnings from his foundation and media deals.
In December 2007, Money Magazine estimated Obama's net worth at $1.3 million (equivalent to $2 million in 2024). Their 2009 tax return showed a household income of $5.5 million—up from about $4.2 million in 2007 and $1.6 million in 2005—mostly from sales of his books.
For decades, Forbes has assessed his wealth, currently estimating it at $5.1 billion as of early June 2025. Meanwhile, Bloomberg estimated his wealth at $7.08 billion in January 2025.
In the 1996 book The Wealthy 100, authors Michael Klepper and Robert Gunther placed John D. Rockefeller atop the list of the richest Americans in history, followed by Cornelius Vanderbilt and John Jacob Astor.
By the time you reach age 40, prevailing wisdom says you should have a net worth equal to about twice your annual salary. Hopefully, you climbed the salary ladder a bit in your 30s, too. If you're making $80,000 annually, for example, your goal should be to have a net worth of $160,000 at age 40.
Based on its fundraising efforts and crowd estimates for the Obama inauguration, the presidential committee set its budget at $160–$170 million for the inauguration, including about $45 million for the gala events.
Taylor Swift has an estimated net worth of $1.6 billion.
According to Forbes, which published a series of 2024 billionaire reports, Swift is the first musician to reach 10-figure status solely based on songwriting and performances rather than brand deals, makeup lines, or business ventures.
The Foundation raised $232.6 million in 2017 and $164.8 million in 2018. In 2022, all contributions and in-kind gifts totaled $311 million. It has net assets of $925 million and has raised $1.1 billion since 2017.
Chapter 5 of title 36 of the United States Code authorizes Congress to make appropriations for the inauguration; however, the appropriations are limited to funding the costs of municipal services associated with the inaugural events.
His administration continued the banking bailout and auto industry rescue begun by the previous administration and immediately enacted an $800 billion stimulus program, the American Recovery and Reinvestment Act of 2009 (ARRA), which included a blend of additional spending and tax cuts.
George Washington's second inaugural address remains the shortest ever delivered, at just 135 words.
Biden defeated Trump, winning 306 Electoral College votes and 51.3% of the popular vote to Trump's 232 electoral votes and 46.8% of the popular vote.
Trump won the election over Harris, winning 312 Electoral College votes to Harris' 226.
Although it was considered a vulnerable state for Trump by some pollsters and experts and a potential upset victory for Biden due to its recent demographic trends, Texas was again won by Trump with 52.1% of the vote, roughly the same percentage he carried it with in 2016.
Retiring at 45 with $500,000 is possible but requires careful planning. Start by knowing what your expenses will be and how they compare with the industry guidance of 4% annual drawdowns.
Put aside just $13.70 per day, and at the end of the year you'll have $5,000; double that to $27.39 daily and you'll have $10,000 by year-end—and that doesn't include the interest you may earn. You can save money by making a budget, automating savings, reducing discretionary spending and seeking discounts.
You retire at 40 – With an estimated life expectancy of 90, you need 50 years of income. Across those years, $2 million could equate to approximately $40,000 annually or $3,333 monthly. This should be enough to cover you, but things may be tight if your outgoings are high as a retiree.