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A US president generally only receives about $ 400,000 a year while in office. Living in the White House, they receive support from the US government for a variety of spending money, but when they no longer serve as presidents, everyone has to think about their livelihood.
According to Business Insider, the White House has a separate budget to spend on travel activities, entertainment … from the president. Once his term ends, the president must think of ways to earn additional income beyond his pension. Many American presidents have become millionaires by spending money.
1. Pension
The pension is the first stable income mentioned after the President of the United States leaves White.
Under the Former President of the United States Act, the president will be entitled to a salary of about $ 210,000 a year after leaving office.
The first person to receive a presidential pension was former President Dwight Eisenhower. Former Presidents Barak Obama, George W. Bush, Bill Clinton and Jimmy Carter are currently receiving the pension.
Of course, Trump, who is about to leave the White House to hand over his job to Biden, is no exception.
2. Speech
Most US Presidents have the ability to offer attractive public speaking and public speaking skills. They got a great pay for this activity after leaving the White House.
According to the Los Angeles Times, a speaker like President Obama is paid about $ 400,000 for a speech. Former Vice President Biden was paid approximately $ 100,000 per speech.
Meanwhile, the pay per speech for former Presidents Bill Clinton and George W. Bush is $ 200,000 and $ 700,000, respectively (adjusted for price).
Typically, presidents who receive more public attention during their tenure are paid higher when they speak.
Writing books for sale: the “making money” job of a former president of the United States (photo: AP)
3. Write books
Writing and selling books is popular with many former presidents of the United States. This activity brings them huge income.
The former president who makes the most money writing books is Obama. In 2017, Obama and his wife Michelle Obama signed a book contract with the publisher Penguin Random House worth more than $ 60 million.
Before Obama, the record for writing books for sale belonged to former President Bill Clinton with a contract worth about $ 14 million (about $ 21 million at current prices) after leaving the White House.
Mr. George W. Bush also received about $ 10 million for publishing books.
With President Trump, according to some sources, after leaving the White House, he could earn more than $ 100 million writing books and appearing on television.
4. Image copyright
It may sound strange, but the former president of the United States has the same image rights as celebrities.
In 2018, Obama signed a contract with Netflix to produce documentary content using his images.
Two documentary films “American Factory” and “Crip Camp” about Mr. Obama were born. In which the movie American Factory won an Oscar.
Former President Bill Clinton also signed with the iHeartMedia news outlet to produce the television show.
Trump and his family members after leaving office are also welcomed by many media outlets. Trump can even choose a golden hour for his appearances, if he wishes.
Trump owns a multi-billion dollar real estate conglomerate (photo: CNN)
5. Business
Sometimes former American presidents also do business or invest in business. After leaving the White House, he will certainly continue to run the Trump Organization, his billion-dollar real estate empire.
Former President Clinton is paid $ 18 million for the position of honorary principal of a school. This school primarily used Clinton’s reputation to polish the brand.
From 2002 to 2009, Mr. Clinton worked as an advisor to Ron Burkle Investment Company and earned $ 12 million.
According to the Danviet.vn
