During her time in the White House, Michelle Obama tried hard to cultivate an image for herself as an “average” American who comes from a poor background and is therefore relatable to the masses. As she works on securing lucrative book deals and speaking engagements for herself after leaving office, Michelle was hoping to keep this image of herself going in the coming years.
That’s why it came as bad news to her this week when her net worth leaked, and it proves she is far from the average American…
Bankrate reported that Michelle has a net worth of $11.8 million, and that number is expected to rise exponentially in the coming years as Michelle embarks on a lavish speaking tour. Peter Shankman, founder and CEO of social media, marketing and PR strategy firm The Geek Factory, said this week that Michelle stands to make as much as $250,000 per speech during her first year out of the White House.
“Michelle will also see numbers around [$250K per speech] for the first year as well,” he said. “Those fees probably won’t drop anytime soon, when you stop and think about it, especially if Obama continues to be vocal, as he [has] said he would.”
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