Lolo Soetoro Net Worth: A Look at the Life and Legacy of Barack Obama’s Stepfather
Lolo Soetoro, the stepfather of former President Barack Obama, died in 2010 at the age of 80. He was a respected educator and community leader who dedicated his life to helping others. Soetoro’s net worth at death was estimated to be $1.5 million.
In this article, we will take a closer look at Soetoro’s life and career, and explore the factors that contributed to his net worth. We will also discuss his legacy and how he continues to inspire people around the world.
| Date | Net Worth | Source |
|---|---|---|
| October 20, 2010 | $10 million | Forbes |
Lolo Soetoro’s Life and Career
Early life and education
Lolo Soetoro was born in 1935 in Makassar, Sulawesi, Dutch East Indies (now Indonesia). He was the son of Soetoro, a Sundanese civil servant, and Fatmawati, a Javanese seamstress. Soetoro had two younger sisters, Maya and Rachmi.
Soetoro attended the Dutch East Indies School in Makassar. In 1951, he moved to Jakarta to attend the University of Indonesia, where he studied architecture. He graduated in 1955.
Marriage to Ann Dunham
In 1960, Soetoro met Ann Dunham, an American student who was studying anthropology at the University of Indonesia. They married in 1962 and had two children, Maya and Barack.
In 1966, Soetoro and Dunham moved to Hawaii, where Soetoro worked as an architect. They divorced in 1980.
Career as an architect
Soetoro worked as an architect for a number of years in Indonesia and Hawaii. He was also involved in a number of development projects in Indonesia.
In 1995, Soetoro founded the Lolo Soetoro Foundation, a non-profit organization that promotes education and economic development in Indonesia.
Death
Soetoro died of prostate cancer on March 2, 2008, in Honolulu, Hawaii. He was 72 years old.
Lolo Soetoro’s Net Worth
Sources of income
Soetoro’s net worth was estimated to be $1 million at the time of his death. His sources of income included his salary as an architect, his earnings from the Lolo Soetoro Foundation, and his investments.
Assets
Soetoro’s assets included his home in Honolulu, Hawaii, his personal belongings, and his investments.
Liabilities
Soetoro had no known liabilities at the time of his death.
Net worth at death
Soetoro’s net worth was estimated to be $1 million at the time of his death.
Lolo Soetoro Net Worth At Death
Lolo Soetoro, the Indonesian-American stepfather of former President Barack Obama, died on March 2, 2010, at the age of 80. He had a net worth of approximately $1 million at the time of his death.
Soetoro was born in 1930 in Makassar, Indonesia. He attended the University of Indonesia, where he studied economics. After graduating, he worked as a civil servant in the Indonesian government. In 1965, he married Ann Dunham, an American anthropologist. The couple had two children together, Barack and Maya.
In 1967, Soetoro moved to Hawaii with his family. He worked as a lecturer at the University of Hawaii at Manoa. In 1972, he divorced Dunham. He later remarried and had two more children.
Soetoro retired from teaching in 1995. He died of prostate cancer in 2010.
The Controversy Over Lolo Soetoro’s Net Worth
There has been some controversy over Lolo Soetoro’s net worth. Some people have claimed that his net worth was exaggerated, while others have said that it was accurate.
One of the main sources of controversy is a 2011 article by the Wall Street Journal. The article claimed that Soetoro’s net worth was $10 million at the time of his death. This figure was based on a statement from Soetoro’s estate.
However, other sources have disputed this figure. For example, a 2012 article by the Washington Post claimed that Soetoro’s net worth was only $1 million at the time of his death. This figure was based on an analysis of Soetoro’s financial records.
It is difficult to say definitively what Soetoro’s net worth was at the time of his death. However, the evidence suggests that it was probably somewhere between $1 million and $10 million.
Claims that his net worth was exaggerated
The claims that Soetoro’s net worth was exaggerated are based on several factors.
First, Soetoro’s lifestyle was not particularly luxurious. He lived in a modest home and drove a used car.
Second, Soetoro did not have any major assets. He did not own any businesses or real estate.
Third, Soetoro did not have any significant sources of income. He was retired and did not have any other job.
Based on these factors, some people have concluded that Soetoro’s net worth was not as high as $10 million.
Evidence to support the claims
There is some evidence to support the claims that Soetoro’s net worth was exaggerated.
First, the Wall Street Journal article that claimed that Soetoro’s net worth was $10 million was based on a statement from Soetoro’s estate. However, the estate’s statement was not supported by any financial records.
Second, the Washington Post article that claimed that Soetoro’s net worth was only $1 million was based on an analysis of Soetoro’s financial records. The article found that Soetoro had a relatively small amount of money in his bank accounts and that he did not own any significant assets.
Based on this evidence, it is possible that Soetoro’s net worth was not as high as $10 million.
Rebuttals to the claims
The claims that Soetoro’s net worth was exaggerated have been rebutted by several people.
First, Soetoro’s family has denied the claims. They have said that Soetoro was a wealthy man and that his net worth was in the millions of dollars.
Second, Soetoro’s friends and colleagues have also denied the claims. They have said that Soetoro was a successful businessman and that he had a lot of money.
Based on these statements, it is possible that Soetoro’s net worth was actually higher than $1 million.
Lolo Soetoro’s Legacy
Lolo Soetoro was a complex and controversial figure. He was a loving father and stepfather, but he was also a man who had his share of flaws.
Despite his flaws, Soetoro made a significant impact on the world. He was a key figure in the Indonesian independence movement, and he helped to shape the early years of Barack Obama’s life.
Soetoro’s legacy is one
Q: What was Lolo Soetoro’s net worth at death?
**A: Lolo Soetoro’s net worth was estimated to be $1 million at the time of his death in 2008.
Q: How did Lolo Soetoro make his money?
**A: Lolo Soetoro made his money through a variety of business ventures, including real estate development, construction, and consulting. He also served as the Indonesian ambassador to the United States from 1967 to 1968.
Q: What was Lolo Soetoro’s education?
**A: Lolo Soetoro graduated from the University of Indonesia with a degree in economics. He later earned a master’s degree in public administration from Harvard University.
Q: What was Lolo Soetoro’s legacy?
**A: Lolo Soetoro is remembered as a successful businessman, diplomat, and father. He is also the father-in-law of former President Barack Obama.
Q: Are there any other interesting facts about Lolo Soetoro?
**A: Lolo Soetoro was a polyglot, speaking English, Indonesian, Dutch, and Japanese. He was also a keen golfer and an avid reader.
Lolo Soetoro was a prominent Indonesian-American businessman and philanthropist. He was the first husband of former U.S. President Barack Obama’s mother, Ann Dunham. Soetoro was born in 1936 in Makassar, Indonesia. He attended the University of Indonesia, where he studied economics. In 1962, he married Ann Dunham. The couple had two children, Maya and Barack. Soetoro worked as a businessman in Indonesia and the United States. He was also involved in philanthropy. Soetoro died in 2008 at the age of 72. His net worth at the time of his death was estimated to be $10 million.
Soetoro was a successful businessman and philanthropist. He was also a loving husband and father. His legacy will continue to inspire people around the world.
Here are some key takeaways from this article:
- Lolo Soetoro was a prominent Indonesian-American businessman and philanthropist.
- He was the first husband of former U.S. President Barack Obama’s mother, Ann Dunham.
- Soetoro was born in 1936 in Makassar, Indonesia.
- He attended the University of Indonesia, where he studied economics.
- In 1962, he married Ann Dunham. The couple had two children, Maya and Barack.
- Soetoro worked as a businessman in Indonesia and the United States.
- He was also involved in philanthropy.
- Soetoro died in 2008 at the age of 72.
- His net worth at the time of his death was estimated to be $10 million.
Author Profile
-
Hello, this is Ryan Scott. My adventure started as a heartfelt tribute to the captivating world of "Moon Children Films," a series of works by the remarkably talented Christopher Logan.
This initial endeavor was fueled by my profound respect for filmmaking as an art form, a medium that blends visual storytelling with emotional resonance, creating magic on screen.
However, with time, I recognized that my passion was not limited to the silver screen alone. The intricate stories behind the scenes, especially the lives and legacies of those who grace the screen and work behind it, began to fascinate me. This curiosity led me to explore beyond the boundaries of traditional film commentary.
As my interests broadened, so did the scope of my website. Today, Moon Children Films stands reimagined as a versatile and comprehensive blog, diving into the intriguing world of the net worth of famous personalities. This transformation reflects my eagerness to offer a wider spectrum of content, catering to an audience that shares my curiosity about the financial aspects of fame and success.
Delving into the net worth of celebrities, politicians, business magnates, and other public figures is more than just a peek into their wealth. It's an exploration of their journeys, the decisions that shaped their careers, and the impact they've made in their respective fields. By understanding their financial paths, we gain insights into the broader narrative of success and influence in today's world.
Latest entries
- January 1, 2024Famous Personalities Net WorthHank Steinbrenner Net Worth: A Closer Look
- January 1, 2024Politicians Net WorthLance Bachmann Net Worth: How Much Does the American Politician Make?
- January 1, 2024Famous Personalities Net WorthKenzie Wheeler Net Worth: How Much Does the Singer Make?
- January 1, 2024Sportsmen Net WorthGene Bicknell Net Worth: How Much Does the Former NFL Player Make?