It's been a rough year for the heir, but at least she has her millions of dollars to ease the pain. 22-year-old Malia Obama has taken the No. 1 spot on People With Money’s top 10 highest-paid heirs for 2020 with an estimated $96 million in combined earnings.
UPDATE 07/07/2020 : This story seems to be false. (read more)
Malia Obama tops annual list of highest-paid heirs
In 2018 it looked like the heir’s spectacular career was winding down. Suddenly, she was back on top. People With Money reports on Monday (July 6) that Obama is the highest-paid heir in the world, pulling in an astonishing $96 million between June 2019 and June 2020, a nearly $60 million lead over her closest competition.
People With Money’s factors
In compiling this yearly list, the magazine considers factors such as upfront pay, profit participation, residuals, endorsements and advertising work.
The American heir has an estimated net worth of $275 million. She owes her fortune to smart stock investments, substantial property holdings, lucrative endorsement deals with CoverGirl cosmetics. She also owns several restaurants (the “Fat Obama Burger” chain) in Washington, a Football Team (the “Chicago Angels”), has launched her own brand of Vodka (Pure Wonderobama - US), and is tackling the juniors market with a top-selling perfume (With Love from Malia) and a fashion line called “Malia Obama Seduction”.
The ranking is significant for many Malia fans, who have been waiting for her triumphant return to the glory days for what seems like a lifetime.
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