Michelle Obama net worth: Michelle Obama is an American lawyer and the current first lady of the United States who has a net worth of $11.8 million. Michelle Obama is married to President Barack Obama. Prior to becoming the first lady, Michelle worked as the Vice President of Community Affairs for the University of Chicago Hospitals, where she earned an annual salary of $320,000 per year. Michelle met Barack while she was living in Chicago and working for the law firm Sidley Austin. As first lady, Michelle Obama has been a champion of physical fitness issues and education, focusing primarily on the nation's youth. Barack and Michelle have two daughters, Sasha and Malia.