Home » News: Twitter Bangs On Anti-Reparations Obama For Buying $15M Mansion In Martha’s Vineyard

News: Twitter Bangs On Anti-Reparations Obama For Buying $15M Mansion In Martha’s Vineyard

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Barack and Michelle Obama are buying a 29-acre Martha’s Vineyard beachfront estate listed at $14.85 million from Boston Celtics owner, Wyc Grousbeck.

Some Twitter users questioned how the Obamas could afford it.

The seven-bedroom, seven-and-a-half bath mansion is just less than 7,000 square feet, according to the property’s Realtor.com listing. It has two guest wings, incredible views of a private beach, a second-floor balcony Jacuzzi, and a boathouse.

“It’s not a done deal just yet,” TMZ reported. “There are contingencies so it’s possible it could fall apart, but we’re told so far it’s a go.”
The mansion was originally listed for $22.5 million, but the price has been reduced, New York Postreported.

The Obamas rented the house for the summer of 2019 in Edgartown, Mass. but apparently loved it so much that they made an offer. You can see photos of the mansion on Martha’s Vineyard here, thanks to TMZ.

In 2017, the Obamas dropped $8.1 million on a nine-bedroom house in the Washington, DC, neighborhood of Kalorama.

Michelle Obama’s bestselling book, “Becoming” (published November, 2018) helped push the couple’s estimated net worth to more than $135 million, NY Post reported. The Obamas also have a production deal with Netflix to produce films and a deal with Spotify to produce podcasts.

As of 2018, Barack Obama’s net worth was about $40 million from speaking engagements, books and a six-figure pension all past presidents get, according to a GoBankingRates calculation.

Not everyone is happy for the Obamas — or thinks they deserve a new mansion.

Written by Dana Sanchez
Source: moguldom.com

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