If you’re dealing with the stuff that Barack Obama deals with on a daily basis, you’d hope that you were being paid a decent amount.
I mean, you pretty much have to make some of the hardest decisions in the whole world – and to be honest, I don’t know if I could do it for a day – let alone two years.
I also don’t understand why people like Donald Trump and Kanye West would WANT to do it – given that they already have so much money!
It seems that the money may not be the big draw card, especially if you’re Donald or Kanye.
A report on UNILAD states that the President earns US$400,000 a year, with an extra expense allowance of US$50,000.
It does sound like a lot, and it is, given that it’s ten times the average yearly wage of US$45,230 in America, but you would think one of the most powerful men in the world would earn more.
Because, you know, the Prime Minister of Singapore earns $1,700,000 a year!
But don’t feel too bad for Obama mind you… his actual income in 2011 was around US$790,000 thanks to investments and royalties from his books.
As part of being President, he also gets some pretty sweet perks; like free rides in the Presidential limousine, his boat, Marine One, his private jet, Air Force One – and free housing in the White House.
PLUS, when they finish their term, former Presidents are still on the government payroll, which includes an annual pension of about $200,000, health care, paid travel – and a sweet office.