Michelle Obama tells DNC her parents were 'suspicious' of the wealthy despite own $70M net worth, luxury homes

Michelle Obama in her DNC speech said her parents were "suspicious" of the wealthy but left out that she and Barack Obama have a $70 million net worth.

The former first lady began her DNC speech by saying the last time she was in her hometown of Chicago was to memorialize her mother, the woman "who showed me the meaning of hard work and humility and decency" and "who set my moral compass high and showed me the power of my own voice."  Danielle Wallace is a breaking news and politics reporter at Fox News Digital. Story tips can be sent to danielle.wallace@fox.com and on X: @danimwallace. 

"She and my father didn't aspire to be wealthy. In fact, they were suspicious of folks who took more than they needed," Michelle Obama said. "They understood that it wasn't enough for their kids to thrive if everyone else around us was drowning. So my mother volunteered at the local school." 

Her mother "always looked out for the other kids on the block" and "was glad to do the thankless, unglamorous work that for generations has strengthened the fabric of this nation," Michelle Obama continued. "The belief that if you do unto others, if you love thy neighbor. If you work and scrape and sacrifice, it will pay off. If not for you, then maybe for your children or your grandchildren."