How Barack Obama Made His Fortune
The Early Years in Chicago
While he was an Illinois state senator, both parents in the Obama family were working. In his 2004 financial statements, Barack Obama indicated that he had three sources of income. One was an $80,287 salary from the Illinois Senate, where he was a state senator.
The other was a $32,144 salary from the University of Chicago Law School, where Obama taught as a lecturer while he was in the statehouse.
The third was Michelle's salary from the University of Chicago Hospitals, where she was an administrator.