Thursday, February 27, 2025
HomeHot NewsBarack and Michelle Obama looking to divide $70M in assets as they...

Barack and Michelle Obama looking to divide $70M in assets as they get closer to announcing split: Source

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.

A source said, “They’d already been living separate lives on opposite coasts for some time, but that was no longer an option after Michelle refused to run and Barack was forced to back Kamala. That was a total humiliation for him – especially since she lost.”

“They have homes in DC, Martha’s Vineyard, and Chicago-plus a stock portfolio in excess of $25 million. There are also substantial revenue streams from their various media projects to divide and manage going forward,” claimed another tipster.

They added, “It’s far from easy to untangle a life of three decades with someone, but maintaining the illusion of a happy and stable marriage is no longer a solution. They both are of the mind that they will be better off on their own.”

The Obamas’ A-list friends may be forced to choose sides after their split

The divorce rumors surrounding the Obamas gathered attention when the former first lady did not accompany Barack Obama to former President Jimmy Carter’s state funeral and President Donald Trump’s inauguration.

The speculations about their relationship have led to concerns that many A-listers may be forced to choose sides after their split.

RELATED ARTICLES
- Advertisment -

Most Popular

Recent Comments

You cannot copy content of this page