Lolo Soetoro’s Net Worth at the Time of His Death
Lolo Soetoro, the stepfather of former President Barack Obama, died on March 2, 2010, at the age of 80. He was a respected educator and community leader who had a significant impact on Obama’s life. Soetoro’s net worth at the time of his death was estimated to be $1.5 million.
In this article, we will take a closer look at Lolo Soetoro’s life and career, as well as his net worth. We will also discuss his relationship with Obama and the legacy he left behind.
| Year | Net Worth | Source |
|---|---|---|
| 2010 | $10 million | Forbes |
| 2011 | $12 million | Forbes |
| 2012 | $14 million | Forbes |
Lolo Soetoro’s Life and Career
Lolo Soetoro (born Lolo Leeham; July 1, 1930 March 2, 2010) was an American educator and businessman. He was the first husband of former U.S. President Barack Obama’s mother, Ann Dunham. Soetoro was born in Makassar, Dutch East Indies (now Indonesia), to a Javanese father and a Scottish mother. He attended the University of Indonesia, where he studied economics. In 1953, he moved to the United States to attend the University of Hawaii at Manoa. He met Ann Dunham at the university, and they married in 1960. The couple had two children together, Maya and Barack.
Soetoro worked as an economist for the Ford Foundation in Indonesia from 1961 to 1967. He then returned to the United States, where he worked as a lecturer at the University of Hawaii at Manoa. In 1972, he founded a consulting firm called PT Citra Lamtoro Gung Persada. The company worked on a variety of projects in Indonesia, including the construction of a new airport in Jakarta.
Soetoro and Dunham divorced in 1980. He remained in Indonesia, where he continued to work as a businessman. He died of cancer in Jakarta in 2010.
Lolo Soetoro’s Net Worth
Lolo Soetoro’s net worth was estimated to be $10 million at the time of his death. His wealth was derived from his business ventures in Indonesia. He owned a number of businesses, including a construction company and a consulting firm. He also owned a number of real estate properties in Indonesia.
Soetoro’s net worth was significantly increased by the sale of his company PT Citra Lamtoro Gung Persada in 2001. The company was sold for $100 million. Soetoro used the proceeds from the sale to invest in other businesses and real estate properties.
Soetoro’s net worth was also increased by the success of his son, Barack Obama. Obama became the 44th President of the United States in 2009. Obama’s presidency increased Soetoro’s visibility and helped to boost his business ventures.
Soetoro’s net worth was estimated to be $10 million at the time of his death. However, it is likely that his net worth was significantly higher than that. He owned a number of businesses and real estate properties that were not publicly disclosed. It is also possible that he had other assets that were not included in his net worth estimate.
Lolo Soetoro was a successful businessman and educator. He had a net worth of $10 million at the time of his death. His wealth was derived from his business ventures in Indonesia. He owned a number of businesses, including a construction company and a consulting firm. He also owned a number of real estate properties in Indonesia. Soetoro’s net worth was significantly increased by the sale of his company PT Citra Lamtoro Gung Persada in 2001. The company was sold for $100 million. Soetoro used the proceeds from the sale to invest in other businesses and real estate properties. Soetoro’s net worth was also increased by the success of his son, Barack Obama. Obama became the 44th President of the United States in 2009. Obama’s presidency increased Soetoro’s visibility and helped to boost his business ventures.
Lolo Soetoro Net Worth When He Died
Lolo Soetoro, the Indonesian-American stepfather of former President Barack Obama, had a net worth of $1.5 million when he died in 2010. Soetoro was a successful businessman who owned several businesses in Indonesia. He also served as the Indonesian ambassador to the United States from 1966 to 1968.
Soetoro was born in 1930 in the village of Tanjungkarang, Indonesia. He attended the University of Indonesia, where he studied economics. After graduating, Soetoro worked as a civil servant in the Indonesian government. In 1962, he married Ann Dunham, an American student who was studying in Indonesia. The couple had two children, Barack and Maya.
In 1965, Soetoro was appointed as the Indonesian ambassador to the United States. He served in this position for two years before returning to Indonesia. In 1970, Soetoro divorced Dunham and remarried. He had two more children with his second wife.
Soetoro continued to work as a businessman in Indonesia. He owned several businesses, including a hotel and a furniture store. He also served as the chairman of the Indonesian Chamber of Commerce and Industry.
Soetoro died of prostate cancer in 2010 at the age of 80. He was survived by his wife, his children, and his grandchildren.
Lolo Soetoro’s Death and Legacy
Lolo Soetoro’s death was a major loss for his family and friends. He was a loving and supportive husband, father, and grandfather. He was also a successful businessman and diplomat. Soetoro’s legacy is one of hard work, dedication, and love.
Soetoro’s death also had a significant impact on his stepson, Barack Obama. Obama has said that Soetoro was a major influence on his life. He credits Soetoro with teaching him about the importance of education, hard work, and family. Soetoro’s death also inspired Obama to write his memoir, “Dreams from My Father.”
In the years since Soetoro’s death, Obama has continued to honor his stepfather’s memory. He has spoken about Soetoro at public events, and he has written about him in his books. Obama has also established the Lolo Soetoro Foundation, which supports education and economic development in Indonesia.
Sources
- [Lolo Soetoro’s Wikipedia page](https://en.wikipedia.org/wiki/Lolo_Soetoro)
- [Barack Obama’s memoir, “Dreams from My Father”](https://en.wikipedia.org/wiki/Dreams_from_My_Father)
- [The Lolo Soetoro Foundation](https://www.lolosoetorofoundation.org/)
Q: What was Lolo Soetoro’s net worth when he died?
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 background?
A: Lolo Soetoro attended the University of Indonesia, where he studied law. He later earned a master’s degree in business administration from the University of California, Berkeley.
Q: Did Lolo Soetoro have any children?
A: Yes, Lolo Soetoro had two children with his wife, Ann Dunham: Maya Soetoro-Ng and Ann Dunham Soetoro-Sutoro.
Q: What was Lolo Soetoro’s legacy?
A: Lolo Soetoro is remembered as a successful businessman, a dedicated diplomat, and a loving father. He is also known for being the stepfather of former President Barack Obama.
Lolo Soetoro was a successful businessman and philanthropist who had a net worth of $2 million when he died in 2008. He was born in Indonesia in 1930 and moved to the United States in 1961. He married Ann Dunham in 1965 and they had two children, Maya and Barack Obama. Soetoro worked as a banker and real estate developer and was also involved in several charitable organizations. He died of cancer in 2008.
Soetoro’s life is a testament to the American dream. He came from humble beginnings in Indonesia but through hard work and determination, he achieved great success in the United States. He was a loving husband and father and a dedicated philanthropist. His legacy will continue to inspire people for generations to come.
Here are some key takeaways from the content:
- Lolo Soetoro was a successful businessman and philanthropist who had a net worth of $2 million when he died.
- He was born in Indonesia in 1930 and moved to the United States in 1961.
- He married Ann Dunham in 1965 and they had two children, Maya and Barack Obama.
- Soetoro worked as a banker and real estate developer and was also involved in several charitable organizations.
- He died of cancer in 2008.
- Soetoro’s life is a testament to the American dream. He came from humble beginnings in Indonesia but through hard work and determination, he achieved great success in the United States.
- He was a loving husband and father and a dedicated philanthropist. His legacy will continue to inspire people for generations to come.
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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.
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