Former U.S. President Barack Obama and former First Lady Michelle Obama have quietly finalized a $70 million divorce settlement, with plans to go public after the summer, according to sources close to the couple.
The once inseparable pair, married for 32 years, have reportedly agreed to divide their sprawling fortune, homes, and business interests while maintaining a united front for the cameras. But behind the scenes, insiders say, their marriage has been over for months.
Hollywood dreams and political divides
Michelle, 61, will continue leading their production company, Higher Ground Productions, and retain ownership of their homes in Chicago and Martha’s Vineyard. Barack, 63, will keep the D.C. mansion and receive a portion of their estimated $22.5 million stock portfolio along with profits from their media ventures.
An insider revealed that Michelle wants to fully focus on her Hollywood career while Barack remains in Washington, aiming to reshape the Democratic Party following its recent setbacks.
“She’s done with politics,” the insider claimed. “He’s still in it — quietly, but deeply.”
Their political disagreements reportedly intensified after Michelle declined Barack’s plea to run in the 2024 election following President Joe Biden’s withdrawal. Barack allegedly saw her refusal as a lost chance to stop Donald Trump’s return to the White House and was devastated when Kamala Harris—his reluctant backup—secured the nomination.
Signs of separation and public facade
Barack has been spotted alone in Washington and was noticeably without his wife during public appearances like Donald Trump’s inauguration and the funeral of former President Jimmy Carter. Observers have also noted his missing wedding ring.
Despite social media posts showing birthday tributes and throwback photos, sources say these were strategic distractions. “They’ve been living apart for a while,” one source confirmed. “Now they’re ready to stop pretending.”
Michelle is said to be laying the groundwork for a new life centered in Los Angeles, while Barack is committed to influencing U.S. policy behind the scenes from the East Coast.
The insider emphasized that the legal negotiations were smooth, with both parties eager to move forward. “It came quite easily compared to most high-profile divorces. No drama over money — just a quiet agreement to separate and live life honestly.”
As for an official announcement, the couple reportedly plans to inform close friends first before facing the inevitable media frenzy.
“They’re tired of the charade,” said the source. “They just want to be free to live their truth.”
Jaja has a degree in journalism and took classes in international law and business communication. Her career spans roles at prominent international media outlets, including International Business Times, Celebeat and Delightful Philippines. As a news editor, Jaja covered a wide range of beats, including legal, business, economy, cryptocurrency, personal finance, gaming, technology, and entertainment.