Barack and Michelle Obama are buying a 29-acre Martha’s Vineyard beachfront estate listed at $14.85 million from Boston Celtics owner, Wyc Grousbeck.
Some Twitter users questioned how the Obamas could afford it.
The seven-bedroom, seven-and-a-half bath mansion is just less than 7,000 square feet, according to the property’s Realtor.com listing. It has two guest wings, incredible views of a private beach, a second-floor balcony Jacuzzi, and a boathouse.
“It’s not a done deal just yet,” TMZ reported. “There are contingencies so it’s possible it could fall apart, but we’re told so far it’s a go.”
The mansion was originally listed for $22.5 million, but the price has been reduced, New York Post reported.
The Obamas rented the house for the summer of 2019 in Edgartown, Mass. but apparently loved it so much that they made an offer. You can see photos of the mansion on Martha’s Vineyard here, thanks to TMZ.
In 2017, the Obamas dropped $8.1 million on a nine-bedroom house in the Washington, DC, neighborhood of Kalorama.
Michelle Obama’s bestselling book, “Becoming” (published November, 2018) helped push the couple’s estimated net worth to more than $135 million, NY Post reported. The Obamas also have a production deal with Netflix to produce films and a deal with Spotify to produce podcasts.
As of 2018, Barack Obama’s net worth was about $40 million from speaking engagements, books and a six-figure pension all past presidents get, according to a GoBankingRates calculation.
Not everyone is happy for the Obamas — or thinks they deserve a new mansion.
Barack views on reparations and his criticism of Rev. Jeremiah Wright for comments Obama deemed divisive didn’t sit well with everyone.
While campaigning for the 2008 election, Obama talked about reparations in an NAACP questionnaire. He said, “I fear that reparations would be an excuse for some to say ‘we’ve paid our debt’ and to avoid the much harder work of enforcing our anti-discrimination laws in employment and housing … the much harder work of lifting 37 million Americans of all races out of poverty. These challenges will not go away with reparations.”
In 2008 during his first presidential run, Obama delivered a speech entitled “A More Perfect Union” in response to the media frenzy surrounding controversial remarks made by his then-pastor, Rev. Jeremiah Wright.
Listen to GHOGH with Jamarlin Martin
Episode 60: Jamarlin Martin goes solo and talks about Facebook’s ban on Minister Louis Farrakhan and whether or not Barack Obama’s pastor, Rev. Jeremiah Wright, was always right.
Obama said Wright had a distorted view of the U.S. Here’s an excerpt from the speech:
“They weren’t simply a religious leader’s effort to speak out against perceived injustice. Instead, they expressed a profoundly distorted view of this country – a view that sees white racism as endemic, and that elevates what is wrong with America above all that we know is right with America.”
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