Obama to receive $400k for first paid speech: Report

Barack Obama will get $400,000 for one of his first paid speeches, a new report claims, overshadowing the former US president’s much-publicized return to the public eye.

Obama would be paid the hefty sum for addressing a healthcare conference in September, Fox News reported Monday.

Cantor Fitzgerald, a New York City-based financial services firm that organizes the gathering, asked Obama to deliver the keynote speech particularly because of his signature healthcare law the Affordable Care Act, or Obamacare.

Obama’s successor Donald Trump has pledged to “ease the burden of Obamacare” which covers some 20 million Americans.

The news of Obama’s highly-paid speech emerged shortly after he broke his silence more than three months after Trump’s inauguration in late January by giving a “free” speech at the University of Chicago.

Former US President Barack Obama smiles as he spends his free time kite surfing off the British Virgin Islands in the…

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