In 2005, Obama's total income was $1.65 million. The primary income source was royalties from his first book, 'Dreams from My Father.'
In, 2005 Mr. Obama's income jumped to $157,100 when he became a U.S. Senator, and Michelle earned $273,618. His total revenue was $1.65 million, mainly due to the book royalties. Obama wrote his first book, Dreams from My Father: A Story of Race and Inheritance, in 1995.
In 2006 the Obamas reported earnings of $916,000. Barack Obama's second book, 'Audacity of Hope,' released in October 2006, was a huge hit, selling millions of copies, and Obama's income jumped to $4.2 million in 2007. The Obamas, who had earned less than $300,000 every year from 2000 to 2004, made an average of $2.4 million annually over the next four years, even before Barack Obama got elected president.
From 2005 to 2016, the Obamas earned $20.5 million from his government salary, book royalties, investment income, and Michelle Obama's income from her job at the University of Chicago Hospitals before she became the first lady. Obama earned $400,000 a year during his eight years as president, and he makes an annual pension of about $200,000 as a former president.