VIDEO: I'm surprised by how much money I have, says Obama - Kenya Satellite News Network
Connect with us

Africa

VIDEO: I’m surprised by how much money I have, says Obama

Published

on

Former U.S. president Barack Obama has urged governments, especially in Africa, to embrace inclusive capitalism, which ensures there is equitable distribution of wealth, resources and knowledge across social and economic divides.

While delivering a lecture in Johannesburg in South Africa on Tuesday, July 17, Mr Obama urged leaders to shun illegal or unjust acquisition of wealth, saying “there’s always enough money and food for everybody”, hence there is no need to raid the public coffers to amass wealth.

Mr Obama spoke for 1 hour and 24 minutes at the 16th Annual Nelson Mandela Lecture – an event that honors the life of South African leader Nelson Mandela.

Mr Obama said since he left office in January, 2017, he is surprised by the money he is making. The Head of State was insinuating he did not have to raid public coffers during his time in office to be wealthy.

“Right now I am actually surprised by how much money I got. Let me tell you something; I don’t have half of how much these folks have; or a tenth of 100…,” said Mr Obama to a cheering crowd.

“There is always so much that you can eat. There’s only a so bigger house you can have. There’s only so many nice trips you can take. I mean it is enough! You don’t have to take a vow at poverty just to say let me help out a few of the other folks; let me look at that child out there who does not have food to eat; who needs some school fees. Let me help them out by paying a lot more in taxes; it is okay. I can afford it!” said the former President.

Taking a swipe at corrupt and selfish leaders, Mr Obama said: “It shows the ambition of just wanting to take more and more and more, instead of saying: ‘Wow, I got so much. Who can I help?’ How can I give more and more and more? That’s ambition; that is impact; that is influence. What an amazing gift to be able to help people, not just yourself.”

Mr Obama urged world leaders to adopt a social inclusivity system, which would help in narrowing the gap between the rich and the poor.

“We have a responsibility to ensure social justice is observed. We have to figure out how to close the widening gap of wealth and opportunity – both within countries and between them. How we achieve this, is going to vary from country to country.

“We can learn from the last 70 years that it won’t involve unregulated, unbridled and unethical capitalism. It also won’t involve old-style command and control socialism from the top. That was tried; it did not work.

“For almost all countries, progress is going to depend on an inclusive market-based system; one that offers education for every child; one that secures the rights of every worker; that breaks up monopolies to encourage competition and uplift the small and medium-sized businesses; one that has laws that root out corruption and ensures there is fair dealing in business; one that maintains some form of progressive taxation so that rich people are still rich, but they give a little bit back to make sure that everybody else has something – to pay for universal healthcare and retirement security; and invest in infrastructure and scientific research that builds platforms for innovations.”

Mr Obama’s statement comes amid media reports that he is making thousands of dollars from speeches and lecturers that he gives in different parts of the world.

In April, 2017, UK’s Independent newspaper reported that the former President made at least $800,000 (Ksh80 million) from just two speeches since he left office in January, 2017.

“Mr Obama met up with presidential historian Doris Kearns Goodwin at the A&E Networks advertising upfront at the Pierre Hotel and was rewarded $400,000 (Ksh40 million) for a 90-minute interview with her in front of advertisers for the cable network,” the Independent reported in April, 2017.

Other sources of income for Mr Obama, according to Time magazine, include pension, with the magazine reporting that: “All ex-presidents get pensions, to the tune of $205,700 (Ksh21 million) annually, and the amount increases regularly to keep up with inflation”. This is topped with other perks, US media say.

Book deal (Mr Obama memoir) could be another source of the ex-President’s income. Time says: “Obama’s book contract would be worth somewhere between $12million (Ksh1.2 billion) and $30 million (Ksh3 billion).”

In 2009 alone, Obama reported $5.1 million (Ksh510 million) in income just from the sales of his two books.

-NET WORTH-

American media estimate Mr Obama’s net worth at $40 million (Ksh4 billion).

Barack Obama earned $400,000 (Ksh40 million) a year throughout his entire eight-year term as President of the United States.

On April 15, 2016, Mr. Obama released his 2015 tax returns, which showed that he and his wife filed jointly and reported an adjusted gross income of $436,065 (Ksh44 million). They paid $81,472 (Ksh8.1 million) in taxes according to their 18.7 percent tax rate. They also donated a total of $64,066 (Ksh6.4 million) to more than 30 charities.

-Edaily

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Africa

PwC man who ‘fell’ from 17th floor mourned his mother for a year, cousin reveals.

Published

on

BY OLIVIA MUNGWANA

Friends, family and colleagues are painting different portraits of Stephen Mumbo,  the Price Waterhouse Coopers Forensic manager who fell from 17th floor of Delta offices which house the international audit firm.

Mr Mumbo was born in 1977 ,was the last born of two girls and three boys in Kisumu Nyamasaria, a hot, dry and humid area where black cotton soil sucks life from a crop.

Only determined weeds survive.  In the absence of his father, Arthur Waore Mumbo, an administrator at Kemri Busia who died in 1992, it was his mother, Mrs Waore, a teacher at Nyamasaria Primary School, who had the most influence in his life.

But after his father’s death, Mumbo was brought up in Alupe, Busia, by his uncle Mzee Obura, a doctor at Kemri in Alupe.

Fred Obura, a cousin, recalls that the father died when Mumbo was joining form one and his family took him.

But “when his mother died five years ago,” recalls Fred “he snapped in the office and couldn’t work. He took a one-year unpaid sabbatical to mourn his mother.”

Indeed, that Friday morning when he committed suicide, it was the huge photo of his mother in his bedroom that he last saw when he slept, and the first he saw when he woke up.

Fred attended St Paul’s Amukura with Mumbo who was ahead of him but he recalls that Mumbo was the class prefect in form one and two and by form three and four, he was the library prefect.

“Mumbo was deeply religious and never missed church,” says Fred. Other schoolmates, too, had their own recollections.

St Paul’s Amukura was an academic giant in Busia County where it was founded by Catholic priest Father Louis Okidoi in 1962. Mumbo was the shy brain box with an awkward gait.

In the school’s achievement board, mounted proudly in the administration block, Mumbo narrowly missed being immortalised by one point. It was A- in one subject, Kiswahili, that did him in.

Charles Ekirang, his classmate, says Mumbo was expected to succeed in life since “in an age where we chased girls we nicknamed Marios, from St Mary’s Amukura, Mumbo was chasing after whoever had the key to the library.”

Caleb Etyang, a year ahead of Mumbo, says the studious boy “wasn’t a guy to go for sports or drama outings, he was much more at home in the school and the library.”

He recounts a new, beautiful teacher who drove the boys crazy when she reported, but Mumbo was unmoved with her curves.

Continue Reading

Africa

VIDEO: See daring officer and why Kenyans want him feted

Published

on

It is a video clip that has gone viral on social media sites, on Facebook and Twitter.

Administration Police Constable Joash Ombati is seen cornering a white car in a not so busy road in Westlands, Nairobi, where he swiftly fires in the air before ordering the suspects out and making an arrest. This looks like a well scripted scene from a movie.

Scores of Kenyans, awed by his skill, mill around the scene, urging Mr Ombati to shoot-and-kill the suspects who are alleged to have violently robbed their victim, whom they threw out of a speeding car.

Si wameangusha mtu huko wakaua. Piga ya kichwa. Ua. Gonga risasi uue. Wamalize bana. Nipatie bunduki nipige. Piga risasi bana wataenda kuongana watoke (They have already killed their victim. Shoot them in the head. Kill them. Shoot and kill them. Finish them. Give me the gun I shoot. Shoot and kill, if taken to court they will bribe their way out,” some angry Kenyan men are heard telling Mr Ombati.

But the officer that he is, Mr Ombati stays calm and pleads with the crowd: “Wachana na mimi bana, wachana na wao (Leave me alone. Leave them alone).”

The two male suspects, one of Asian origin, while lying on the road are seen uneasy, pleading with the angry mob not to harm them.

The original post on Facebook made Nyauma Mokaya says that officer on Wednesday afternoon saw a man being thrown out of a moving vehicle shouting wezi wezi (thieves, thieves).

“Mr Ombati decided to help the man, so he took a taxi and gave the vehicle a chase. He managed to intercept it at the junction of Westlands and Mpaka Road. Mr Ombati was able to recover Sh400,000, a vehicle KBJ 614J, Toyota NZE, white in colour and arrested two suspects namely, Mr Sameer Abdulaziz Kassim and Peter Kavoi Musili.”

ONLINE DEAL

The suspects have since been detained at Parklands Police Station and face robbery with violence charges.

Mr Ombati said the complainant Mr Amos Charo went to the station and reported that he had Sh732,000, and had come from Voi to Nairobi to buy cheap construction materials from people he interacted with in the online shopping website OLX.

Police reports show that the suspects took Mr Charo to Westlands to meet a man whose name was only given as Mr Patel.

“They then took the money and threw him out of the vehicle and drove off near NIC bank,” reads the police statement.

Mr Ombati, 34, hails from Kikuyu town and is a married father of two.

ONLINE LOBBYING

Following Mr Ombati’s display of bravery, Mr Mureithi wa Lucy send an appeal to President Uhuru Kenyatta and Interior Cabinet Secretary Fred Matiang’i on this year’s Mashujaa Day: “Salute to the AP cop. He should be promoted, and recognised by Matiang’i and Uhuru. Joash Ombati is indeed a Shujaa.”

Mr Nyauma Mokaya added: “As the State House compiles the list of those who should be awarded HSC awards on 20th Oct, they should also consider awarding this man for his [bravado] and sacrifice. We don’t want to see individuals like Ben Githae and Githeriman who have contributed nothing for this country.”

Hashtags #IfikieBoinnet, #IfikieMatiangi have been trending since the post went online in Kenya’s Buyer Beware Facebook page as many netizens celebrate the rare gesture by a cop, while others dared the president to learn from Mr Ombati.

nation.co.ke

Continue Reading

Africa

VIDEO: Tired of being white, Mzungu woman ‘colours’ herself black and adopts a Kenyan name

Published

on

A mzungu woman who turned herself black after being fed up with being white has adopted a Kenyan name after being baptized in Nyeri.

Last year, 29-year-old Martina Big, a former blonde and blue-eyed air hostess from Germany, began the journey of transforming herself into an African (black). This came after she spent 6 million shillings to have breast implants that earned her the tag “the woman with biggest boobies in Europe”. They weigh 12 kilogrammes.

In an interview in the past, Big said that she admired the dark skin of Africans and had decided to turn herself black. Last year, she underwent a life-threatening melanin injection, a procedure outlawed in countries, and completely changed her skin color.

She further made a 50-tubed sun bed in her house, to accelerate her blackness and now believes her kids will be born black. She further visited a salon that caters for African hair and got a kinky weave, in her journey to become an African.

“I compared my hair with that of other Africans in the salon. Theirs is identical to mine,” she posted on her Instagram page after the weave was sewn in.

Last month, she began her maiden trip to Africa starting with in Kenya, where has adopted an African name after being baptized in Nyeri.

In a video she posted online, a man believed to be a pastor baptized her. He is heard saying, “Malaika Mkubwa, you are now a new creature in Jesus’ name”.

Martina donned a white African regalia, kneeling next to the pastor who the Standard learnt was pastor Isaac Murage of Gichira Baptist Church. Murage said he was introduced to Martina by a member of his church.

“She told me the lady wanted to be baptised, and I told them to come,” he said.

Murage denied claims that he chose the name “Malaika Mkubwa” for her. “She came with the name written down,” he says, adding that his church does not give baptismal names to its members.

Martina updated her website to reflect her newly acquired name. However, Race Equality Foundation, a European organisation that champions for racial equality criticised her attempt to be black.

“She has “limited understanding” of challenges ethnic minority groups face. Her story distracts from problems black people face,” said the group.

She has revealed plans to widen her nose and also enhance her bottoms to give it the African look.

Mwakilishi.com

Continue Reading

Trending

error: Content is protected !!