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

Michelle Obama said during her speech on the second night of the Democratic National Convention in Chicago Tuesday that her parents "were suspicious of folks who took more than they needed."

But critics quickly pointed out how she conveniently omitted that the Obamas have an estimated net worth of $70 million, as well as luxury real estate holdings in Chicago, Hawaii, Massachusetts and Washington, D.C.

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."

"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."

DEMONSTRATORS SHOUT 'F--- YOU' AT CHICAGO POLICE, MORE THAN 70 ARRESTED ON 2ND NIGHT OF DNC

"You see, those values have been passed on through family farms and factory towns, through tree-lined streets and crowded tenements, through prayer groups and National Guard units and social studies classroom. Those were the values my mother poured into me until her very last