MOSCOW–Former US President Barack Obama will receive USD 400,000 for his speech at the September conference, organized by Cantor Fitzgerald bank, Fox Business reported.
The event will be dedicated to health problems and attended by heads of leading Wall Street companies.
Interestingly, the former head of the state repeatedly criticized bankers and heads of major financial institutions, blaming them for the global financial crisis.
In particular, in 2009 he called Wall Street bankers “fat cats” and said he had other reasons to run for presidency than to help a bunch of Wall Street bankers.
According to the New York Post, Obama has already received another USD 400,000 for his speech at an event organized by A & E Networks, where he was interviewed by historian Doris Kearns Goodwin for one and a half hours.
Forbes wrote that since 2005 Barack and Michelle Obama have earned more than USD 20.5 million, with only USD 3.1 million coming from the president’s salary.
The Obama family earned about USD 15.6 million for the publication of the books “Dreams from My Father,” “The Audacity of Hope” and “Of thee I sing: a letter to my daughters.”
For the publication of the memoirs, the ex-president and his wife will be paid at least USD 65 million.