• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Michelle Obama tells DNC her parents were ‘suspicious’ of the wealthy despite own $70M net worth, luxury homes

by August 21, 2024
written by August 21, 2024

Michelle Obama said during her speech on the second night of the Democratic National Convention in Chicago Tuesday that her parents ‘were suspicious of folks who took more than they needed.’

But critics quickly pointed out how she conveniently omitted that the Obamas have an estimated net worth of $70 million, as well as luxury real estate holdings in Chicago, Hawaii, Massachusetts and Washington, D.C. 

The former first lady began her DNC speech by saying the last time she was in her hometown of Chicago was to memorialize her mother, the woman ‘who showed me the meaning of hard work and humility and decency’ and ‘who set my moral compass high and showed me the power of my own voice.’ 

‘She and my father didn’t aspire to be wealthy. In fact, they were suspicious of folks who took more than they needed,’ Michelle Obama said. ‘They understood that it wasn’t enough for their kids to thrive if everyone else around us was drowning. So my mother volunteered at the local school.’ 

Her mother ‘always looked out for the other kids on the block’ and ‘was glad to do the thankless, unglamorous work that for generations has strengthened the fabric of this nation,’ Michelle Obama continued. ‘The belief that if you do unto others, if you love thy neighbor. If you work and scrape and sacrifice, it will pay off. If not for you, then maybe for your children or your grandchildren.’ 

‘You see, those values have been passed on through family farms and factory towns, through tree-lined streets and crowded tenements, through prayer groups and National Guard units and social studies classroom. Those were the values my mother poured into me until her very last breath,’ she said. ‘Kamala Harris and I built our lives on those same foundational values. Even though our mothers grew up an ocean apart, they shared the same belief in the promise of this country.’ 

One X user, who goes by ProudArmyBrat, decried the perceived hypocrisy to her more than 463,600 followers. 

‘The Obama’s have a net worth of $70 million. They own 4 luxurious properties: – Washington DC home bought for $8.1M – Martha’s Vineyard home bought for $11.75M – Beachfront home in Hawaii bought for $8.7M – Chicago home bought for $1.65M,’ she wrote. ‘Getting really tired of multi-millionaires preaching about the evils of money and greed.’ 

Trump War Room, the official account of former President Trump’s 2024 presidential campaign, also shared a clip of Michelle Obama’s speech. 

‘Michelle Obama says her parents ‘were suspicious of folks who took more than they needed.’ She has a net worth of $70 million and lives in a mansion in Martha’s Vineyard,’ the account wrote to its 2 million followers.

Fox News chief political analyst Brit Hume said ‘the speech of the night was Michelle Obama,’ but also noted the disconnect from the former first lady’s message and her elite lifestyle.

‘She is an extraordinarily impressive woman, former first lady of the United States. You can see why members of the Democratic Party always kind of hoped that maybe she’d step in and run for president,’ he said. ‘It does however, I have to say this, get a little rich when she starts talking about hope.’

‘Remember she famously said when her husband was on the cusp of winning his party’s nomination it was the first time in her life that she had felt hope because of what he brought and what he was bringing,’ Hume said. ‘Here she is tonight saying it again. I can’t imagine why somebody who’s had the life she had, a product of Princeton and Harvard Law School, an elite law firm, the first lady of the United States, with a magnificent house on Martha’s Vineyard worth about $12 million and another one going up in Hawaii, why it is that she’s so hopeless all the time and has to have her hope revived by the goings-on in the Democratic Party.’ 

MIchelle Obama declared in her speech Tuesday: ‘America, hope is making a comeback.’ 

She then tore into Trump, a sharp shift from the 2016 convention speech in which she told her party, ‘When they go low, we go high.’

‘His limited and narrow view of the world made him feel threatened by the existence of two hardworking, highly educated, successful people who also happened to be Black,’ Michelle Obama said of Trump.

She was followed by her husband, Barack Obama, the first Black president in U.S. history. He insisted the nation is ready to elect Harris, who is of Jamaican and Indian heritage and would be the nation’s first female president. He also called Trump ‘a 78-year-old billionaire who hasn’t stopped whining about his problems since he rode down his golden escalator nine years ago.’

‘It’s been a constant stream of gripes and grievances that’s actually gotten worse now that he’s afraid of losing to Kamala,’ he said.

The Associated Press contributed to this report. 

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Starbucks’ new CEO will supercommute 1,000 miles from California to Seattle
next post
Trump campaign trolls Harris, releases policy website for her after weeks of silence

related articles

Inside longtime Biden aide’s marathon closed-door grilling in...

July 12, 2025

David Gergen, trusted White House advisor to 4...

July 11, 2025

Who is Ashley Williams, the longtime Biden aide...

July 11, 2025

Jasmine Crockett rips Trump ‘regime,’ vows ‘solidarity’ with...

July 11, 2025

JONATHAN TURLEY: Justice Jackson plays pundit to dismay...

July 11, 2025

‘Nothing to stand on’: Ex-White House physician slams...

July 11, 2025

State Department to axe 1,800 employees

July 11, 2025

Biden cover-up probe heats up as another ex-White...

July 11, 2025

State Department to begin mass layoffs of about...

July 11, 2025

Duffy just got an additional job in Trump’s...

July 11, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Biden ends bid for second term in White House as he drops out of his 2024 rematch with Trump

    July 21, 2024
  • Fetterman: Those hoping Trump fails are ‘rooting against the nation’

    December 22, 2024
  • Biden announces that Israel and Hamas have agreed to a ‘framework’ for cease-fire deal: ‘still work to do’

    July 13, 2024
  • How Macy’s 150 store closures by 2027 will redefine the American shopping mall experience

    August 12, 2024
  • Panama eliminates charge fees for U.S. government vessels to use the canal

    February 6, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,319)
  • Investing (634)
  • Stock (841)

Latest Posts

  • Should you buy Abbott stock? CEO sees multi-billion dollar opportunity in new product

    July 18, 2024
  • Amazon sued by D.C. AG for allegedly excluding neighborhoods from Prime delivery

    December 5, 2024
  • ‘Squad’ Dem Ayanna Pressley trashes Elon Musk, calling him a ‘Nazi nepo baby’

    February 5, 2025

Recent Posts

  • Oil and natural gas: the price of oil recovered this morning

    July 24, 2024
  • Tariff case pits Cato Institute against Trump over ‘unlimited’ executive power under emergency law

    July 9, 2025
  • Women for Trump, Goya team up to provide relief to Hurricane Helene victims in Georgia

    October 7, 2024

Editor’s Pick

  • Entrepreneur Retirement Guide: Self-Employed Strategies

    August 6, 2024
  • ApeCoin and Akita Inu: ApeCoin tries to retain new support

    September 3, 2024
  • Darden Restaurants sales disappoint as Olive Garden, LongHorn Steakhouse miss expectations

    March 20, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock