Looks like his 'wealth redistribution' worked out quite well for them! The have an estimated $135 million.
Obamas pay $11.75M for Martha’s Vineyard home on nearly 30 acresFormer President Barack Obama and former first lady Michelle Obama have purchased a nearly 7,000-square-foot home on Martha’s Vineyard in Massachusetts for $11.75 million, according to a report. The purchase price was recorded Wednesday with the local Registry of Deeds, the Vineyard Gazette reported.
The Obamas paid about half the original asking price for the property when it first became available in 2015, the report said. The sellers were listed as Wycliffe Grousebeck, owner of the Boston Celtics basketball team, and his wife Corinne Basler Grousbeck. The house is located in the Edgartown section on the eastern end of the island and sits on a property of more than 29 acres, the Gazette reported.
It includes seven bedrooms, eight and a half bathrooms and several stone fireplaces, as well as a two-car garage, a barn and a swimming pool.The Obamas had rented the property during the summer, the report said. The couple reportedly had made an offer on the property in August.Attorneys for the Grousebecks would not comment on the transaction.
The Obamas previously purchased a nine-bedroom house in Washington, paying a reported $8.1 million.
https://www.foxnews.com/politics/obamas-pay-11-75m-for-marthas-vineyard-home-report