Just last year former President Barack Obama made a speech in South Africa where he criticized wealth inequality, stating: “There’s only so much you can eat. There’s only so big a house you can have. There’s only so many nice trips you can take. I mean, it’s enough.”
Then he bought a $14.8m beachfront house.
It has seven bedrooms, eight and a half baths, a chef’s kitchen, master bedroom with a private deck, a pool – the house has everything.
Maybe the house needed to be 8,000-square-foot to qualify for Obama’s definition of “enough”.
“I’ll pay a little more in taxes… It’s okay, I can afford it,” The former President also stated in his speech.
Reports suggest Michelle and Barack Obama have a combined net worth of around $70 million.
The couple only recently spent $8.1 million on a mansion in Washington, D.C. that they were previously renting.
They also own a home in Chicago, Illinois.
Having and spending earned wealth is of course no bad thing. But hypocrisy is.
The former President’s practices are not aligning with what he has been preaching to others.
The Obama’s will happily decry wealth inequality, then turn around and buy a nearly $15 million estate.
But hey, at least it only has a 2-car garage, which means their new digs will help them cut their carbon footprint, right?
Because running three massive houses, traveling between them, and jet-setting around the world lecturing poor people on wealth and climate change is just soooooo environmentally friendly!
Sofia Carbone is a reporter for RaheemKassam.com and tweets at @SiCarbone_