Who Knew Being President Made You Rich?
“So what’s been going while I’ve been gone”, joked Barack Obama at his first public appearance since Donald Trump’s inauguration.
Barack Obama has reportedly agreed to speak at a Wall Street conference for almost half a million dollars. The former president who left the White House 100 days ago is said to be appearing at Cantor Fitzgeralds LP’s healthcare conference as a keynote speaker in September.
Mr Obama’s reported speech fee is nearly twice as much as Hillary Clinton has charged private companies for similar events.
According to Fox Business, the contract has been signed by Obama but the company is waiting until all the paperwork is finalised before making a formal announcement. Obama will still be able to pull out of the talk if he wishes, due to a clause in the contract with the mid-sized New York based investment bank.
Obama is not the first US President to receive massive amount of money to give talks.
Former President Bill Clinton and wife Hillary Clinton have made a combined $153 million in paid speeches since 2001. According to CNN the two gave 79 speeches from February 2001 until May 2016 receiving an average payday of $210,795.
George W. Bush earns between $100,000 and $175,000 per speech, he is considered one of the most prolific speech-makers in modern politics. He has been the keynote speaker at over 200 events since he left office. This leaves his total earnings at $20-35 million.
Obama was one of the most liked Presidents in US history, we are certain with his charm and wit he will make millions in the speech circuit should he choose. If not, he has started writing his memoirs of the White House, so expect him to top the New York bestsellers list.