WASHINGTON, DC: Former President Barack Obama and his wife, Michelle Obama, are working with lawyers and mediators to divide their assets as they edge closer to announcing their divorce to the public, insiders revealed to RadarOnline.
Their sensational split is set to become the first-ever post-White House divorce between a former president and a first lady, per the outlet.
Barack and Michelle Obama want to have everything ironed out before announcing split
Sources revealed that Barack and Michelle Obama’s lawyers and mediators are trying to come to terms and divide their wealth and assets worth approximately $70 million before they come clean with the people later this year.
Earlier, a political expert told the outlet that the couple’s partnership had turned “venomous” after Donald Trump‘s landslide victory over Kamala Harris in the 2024 presidential election.
Insiders revealed that Barack asked Michelle to take up the Democratic Party’s standard after Joe Biden‘s abrupt exit from the Oval Office race in July last year.
However, they added that Michelle balked at her husband’s ultimatum and decided to pursue her Hollywood ambitions through their company Higher Ground Productions.