[ad_1]
Wednesday, November 18, 2020 05:00 AM (GMT + 7)
Pensions, book publishing, and conferences are ways that an American president can earn money when he leaves office. Brand deals are also gaining popularity among former presidents of late.
Becoming President of the United States is a life-changing process, but a frequently asked question is how Presidents of the United States earn money after leaving office. A president of the United States earned an annual salary of $ 400,000 while in office, lived in the White House for free, and had a separate budget for travel, entertainment, and other expenses. However, American presidents tend to earn more money after leaving office.
Pension
As part of the Past Presidents Act, presidents of the United States are entitled to a post-retirement pension. President Dwight Eisenhower was the first to receive the grant, according to the ThoughtCo report.
Congress sets the amount annually and is currently $ 210,700. According to Money, former President Barak Obama, George W. Bush, Bill Clinton and Jimmy Carter receive the grant, beginning at 12 pm on inauguration day.
Public appearance
It is not uncommon for former presidents to make their speeches and appear in public. But looks can come at a pretty high price.
According to the Los Angeles Times in 2017, former Presidents Bill Clinton and George W. Bush charged up to $ 400,000 for a talk. Former Presidents Bill Clinton and George W. Bush collected up to $ 200.00 and $ 700.00 respectively.
Publish books
Writing a book after leaving office is a familiar part of becoming president, and publishers always pay a hefty amount for the copyright of a presidential memoir.
In 2017, Barack and Michelle Obama signed a joint book deal with Penguin Random House worth more than $ 60 million, the Financial Times reported. The former president has published two other books with Penguin Random House, including the memoir “Dreams from My Father: A Story of Race and Inheritance.” Michelle Obama’s “Becoming” was released in early 2019 and Barack Obama’s “A Promised Land” will be released in November 2020, according to the AP news agency.
Trademark Agreement
Usually brand image contracts are only for celebrities like actors or singers, however political figures are beginning to insist on such brand deals.
In 2018, the Obamas signed a deal with Netflix to produce content for the streaming giant, Variety reported. In particular, the deal resulted in “American Factory” and “Crip Camp,” which garnered many positive reviews, and the film even won an Oscar.
Board of Directors of the company and other honorary positions
The position is more common among members of Congress, but former presidents sometimes hold positions on company boards or other important titles. In 2016, the Washington Post reported that former President Clinton earned $ 18 million when he became the honorary principal of a private school.
From 2002 to 2009, Bill Clinton worked as an advisor to his friend and investor, Ron Burkle. According to The Wall Street Journal, Clinton is estimated to have earned more than $ 12 million while working with Burkle.
Source: http: //danviet.vn/cac-cuu-tong-thong-my-lam-gi-de-kiem-duoc-nhieu-tien-sau-khi-roi-nha-trang-502 …
Does the income of the head of the United States reach a trillion dong as many people speculate?
