Barack Obama has officially retired from his post giving way for the current US President Donald Trump. The real question which is popping up is how much is Barack Obama's current net worth? The question makes sense especially now when he is officially unemployed.

Barack Obama Net Worth-

According to a recent study conducted by Analytics@American, the Obamas combined could make as much as $242 million after leaving the White House. Most reports claim that Barack Obama's 2017 net worth is close to around $12.2 million, while, wife Michelle Obama is not far behind him with a net worth of $11.8 million.

The ex-US President reportedly earned around $400,000 a year for performing his job throughout his entire eight-year term. Furthermore, he also received $50,000 in annual expense account, $100,000 in a non-taxable travel account and a $19,000 entertainment budget. Notably, the husband-wife duo is actively involved in charity. They have donated around $64,066 to more than 30 charities around the world.

Back in 2005, Obama had signed a multi-book deal with Random House and received around $1.9 million in advance for his book "The Audacity of Hope: Thoughts on Reclaiming the American Dream," including royalties.

Here's How Obama Will Make Money After Leaving Office

According to the Former Presidents Act of 1958, Obama will get a retirement package which will include the salary of a Cabinet secretary, which stands at around $205,700 a year, for the rest of his life. He will also get health insurance and 24/7 Secret Service protection until his death.

On top of the retirement salary, Obama is also expected to make money from speeches. Former President Bill Clinton earned an average of $210,795 per speech after he retired from his post. According to the study, if Obama delivers as many as 50 speeches a year at $200,000 per speech, he'll earn around $200 million before taxes.

The Obamas will continue to remain in Washington DC. The family will be moving in to an 8,200-square-foot, nine-bedroom mansion in the capitol's posh Kalorama neighbourhood.