On November 4th, 2008, Barack Obama defeated Republican presidential nominee John McCain for the position of U.S. President, 52.9 percent to 45.7 percent. On January 20, 2009, Obama became the 44th president of the United States—and the first African-American to hold this office. Obama’s running mate, Delaware Senator Joe Biden, became vice president.
Celebrityworth.com and therichest.com state that Obama’s worth is somewhere between $7 and $11 million, based on his financial disclosures and the Obama family’s investment in government bonds. Forbes magazine list his wealth as closer to $6 million, a decrease from previous years because of the decreased value of T-bills.