Fox Business reported Tuesday that Obama will be paid $400,000 as the keynote speaker at a healthcare conference organized by Cantor Fitzgerald LP.
Like his former secretary of state, Hillary Clinton, he may face some criticism for the high-priced speech.
Barack Obama is in an excellent position to disprove that "mainstream politics is just a moneymaking hustle", but he's off to a frightful start, accepting $400,000 from bond firm Cantor Fitzgerald to speak at a health care conference.More news: Icky wax worms could offer solution biodegrading plastic bags
The company confirmed that Obama has officially signed a deal with the New York-based investment bank, but said it needed to coordinate with the former president before making an official announcement. Obama, a progressive Democrat, spoke frequently about Wall Street greed during his eight years as president, and now he's accepting a speaking fee from the industry he singled out as the main culprit of the banking collapse. In his final press conference as president, Obama revealed one plan for 2017 "I want to do some writing".
"Should we expect it?"
"He went on the attack against Wall Street and now he's being fed by those same people he called 'fat cats.' It's more hypocritical than ironic", Sheinkopf told Fox.More news: United Nations chief says Yemen aid conference draws $1.1B in pledges
The 44th president has acknowledged an offer to talk at a social insurance gathering facilitated by Cantor Fitzgerald in September, US media report.
Obama spoke publicly for the first time since leaving office at an event Monday at the University of Chicago in the former president's home city.
Both Barack and Michelle Obama are cashing in, post-presidency, on their celebrity status. They've enjoyed an extended vacation since January 20, and are in the process of writing their own books.More news: Welsh electoral 'earthquake' of Tory gains suggested by poll