The Obamas’ New Home Isn’t The White House, But That’s A Good Thing
Presidents are only allowed a total of eight consecutive years in office, granted they win the second term election. Barack Obama was the leader of the free world from January 20, 2009, until January 20, 2017. After that last day in office, he and the family had to leave the best living arrangements they’ve ever had — the White House. Come to find out, that statement might not be entirely accurate.
In 2016, the publication Town & Country shared that the Obamas would move into the exclusive Kalorama neighborhood in Washington D.C. They would buy a home there in 2017, and describing it as lavish wouldn’t even do it justice. Pick your jaw up off the ground after you’re finished marveling at their new residence.
Settling On A New Residence
According to a 2018 GoBankingRates estimate, Barack Obama has a net worth of $40 million. That’s the type of money you need to live in the posh Kalorama neighborhood. At 2446 Belmont Road NW in Washington DC, the Obamas comfortably kick their feet up.
The residence has an estimated value between $6 and $8 million with rent around $22,000 per month. Initially, the family rented the home because they were only going to remain in DC until Sasha Obama finished high school. Ultimately, they bought it and gave it some luxurious upgrades.