Apr 25, 2017

Obama joins presidential tradition of cashing in after White House

Charles Rex Arbogast, Eugene Hoshiko, LM Otero / AP

Barack Obama gave his first public speech since he left office yesterday. While this one might have been a freebie, Fox Business reported that he's already booked for a $400K gig in September — almost double Hillary Clinton's controversial speaking fee. Obama will talk about health care at a Wall Street conference put on by Cantor Fitzgerald LP.

But Obama certainly isn't the first POTUS to cash in on the presidency, and he hasn't set any record.

  • Gerald Ford was the first President to make money from speeches, charging as much as $40,000 per speech after 1977, according to ThoughtCo.
  • Jimmy Carter did not take up speech offers often, but at one time had $50,000 listed as a speaking fee, according to presidential historian Mark K. Updegrove.
  • Ronald Reagan was once paid $2 million for two speeches in Japan, NYT reported, noting that was not his usual fee.
  • George H. W. Bush didn't like speaking in public often, but George W. told writer Robert Draper that his dad made about $50,000 to $75,000 per speech.
  • Bill Clinton was paid $750,000 for a speech in 2011 for a Swedish telecom firm, according to ABC. Hillary Clinton became the center of scandal during the campaign when it was revealed she charged $250,000 in speaking fees at a fundraiser, according to ABC News. Most of the Clintons' speeches cost around $200,000.
  • George W. Bush gave around 200 speeches for $100-$175,000 each after leaving office, Politico reported.
  • Donald Trump was the highest paid speaker even before he became president. In 2006 and 2007, he was paid $1.5 million per speech (he participated in 17) at The Learning Annex's "real estate wealth expos," according to Forbes.

Go deeper

Coronavirus updates: Market ends worst week since financial crisis

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

The stock market ended its worst week since the financial crisis, prompting the Fed to release a statement. Meanwhile, the WHO warned that countries are losing their chance to contain the novel coronavirus and raised its global risk assessment to "very high" Friday.

The big picture: COVID-19 has killed more than 2,860 people and infected more than 84,000 others in over 60 countries and territories outside the epicenter in mainland China. The number of new cases reported outside China now exceed those inside the country.

Go deeperArrowUpdated 9 hours ago - Health

California coronavirus: Latest case has no recent history of international travel

Gov. Gavin Newsom. Photo: Kevork Djansezian/Getty Images

A new case of the novel coronavirus in California was announced on Friday after Gov. Gavin Newsom said Thursday that 33 people had tested positive for the virus, noting the risk to the public remains low.

What's new: An adult woman with chronic health conditions in Santa Clara County who "did not recently travel overseas" or come into contact with anyone known to be ill was confirmed to have contracted the coronavirus on Friday by CDC and California Department of Public Health officials.

Go deeperArrowUpdated 10 hours ago - Health

Big video game conference delayed amid coronavirus concerns

Photo: GDC

Next month's Game Developers Conference in San Francisco became the latest tech event to be cancelled or postponed amid growing concerns over the spread of the novel coronavirus.

The big picture: A growing number of events are being scrapped, including Mobile World Congress and Facebook's F8 developer conference. Some, like the giant SXSW event in Austin, insist they are moving forward.