Former US President Barack Obama wrote a super best seller book recently. Due to this, he got a huge amount of money. These days he is producing films and TV shows with his wife Michelle Obama. Together they have built a high-quality production house. Donald Trump is handling his long-standing business and is busy campaigning for re-election. After leaving office, the US President is usually very busy. It is interesting to know what the US President does after retirement, and how he earns money. What facilities does the US government provide to them?
Gets hefty pension
When a President retires in America, he gets a very hefty pension. Also office and staff expenses. Along with lifetime protection. He also gets many other benefits after retirement. For example, he and his wife get special health insurance, which covers all kinds of diseases.
How much do you get for office rent?
After the retirement of the President of America, the government gives money for the office and staff. Jimmy Carter’s office is in Atlanta. The annual expenditure of his office is about 70 lakh rupees. George Bush lives in Houston. There he has made an office. Its annual expenditure is about 1.5 crore rupees. Bill Clinton lives in New York. He spends about four and a half crores annually for the US government office.
Free rides in a limousine
Apart from pension and other facilities, the former US President can ride in Limousine, Marine One and Air Force One. They are provided with an expensive fortified security house in Washington for free.
Earn money from books and speeches
Do you know that the American President earns big money through books?
Bill Clinton got ten crores in advance for writing his autobiography, My Life.
- On selling the first 1.5 million copies of George Bush’s book Decision Points, he got about five and a half million rupees.
- The best book about Barack Obama came on the market two years ago. It was released in countries simultaneously. The $ 65 million (about Rs 518 crore) that Obama got from this book opened up a big industry. Although many books about Obama are on the market, in November 2020, he wrote a book about his tenure in The Promised Land. This book was published by Penguin Random House. Its print order broke all previous records. Apart from this, he has signed some agreements with Netflix. The famous musician also runs a podcast with Bruce Springsteen, which is very popular.
- Donald Trump is gearing up to run for re-election after withdrawing from the President. He is engaged in this campaign, so he is away from all the things that the President usually does after retirement. Trump is a billionaire anyway. Run a big business. Therefore, after stepping down from the post of President, he has also focused a lot on his business.
- When Obama was 30, he wrote the book Dreams from My Father. Then this book was a modest sell. When he entered politics, it started selling a bit more. After becoming the President, its sales got wings. Now it creates a tremendous impact in their bank balance.
Bill Clinton said in an interview many years ago that he did not have money when he was leaving the White House. Now he is the highest-paid former president. He has so far earned around 800 crores from his speeches across the world. He gets around Rs 80 lakh for a speech.
Life after leaving the White House
Richard Nixon became President in the year 1974. He had to step down after three years due to the Watergate scandal. Although he remained alive till 1994. Apart from memoirs in his retirement life, he wrote many books on politics.
Gerald Ford became president in 1977. After retirement, he spent his life doing golf and skiing. He was on the board of many multinational companies in America, hence remaining active continuously.
Jimmy Carter became the President of the United States in 1981. His name came in all the peace talks and mediation around the world. After retirement, he formed an organization – Habitat of Humanity. Through this, he remains active in the field of social justice along with his wife. Carter wrote 18 books. From memoirs to politics and faith-related topics, he wrote. Even got a book of his poems published. Even after being 93 years old, he is active. Has also received the Nobel Peace Prize.
Ronald Reagan stepped down from the US presidency in 1989. When he left the White House, he settled in Southern California. He wrote his autobiography. For many years he was in the lecture circuit.
George Bush left the post of President of the United States in 1993. After leaving office, he continued to play an important role in diplomacy by becoming America’s envoy to the Gulf countries. He was fond of baseball matches, so he often goes to see those matches too. Do sky diving. Together with Bill Clinton, he also runs relief work in disasters around the world. When the tsunami wreaked havoc in India, his organization came forward to help. One of his two sons, George Jr., became the US President in the year 2001.
Bill Clinton left the White House in 2001. Since then he has been living in New York.
Obama is too busy. His foundation manages his activities and business interests. Perhaps the retired presidents till now may not have done as much work as they are doing.
Trump has done the same thing after stepping down as president. That is to form the Trump Media and Technology Group. In this, he is making commercial agreements with all social media platforms. But still, his main focus is to contest the next presidential election again.
