Barack Obama is to become the first black president of the USA. He will be the 44th president of the country.
The Democrat candidate has reached the magic number of electoral votes with projected wins in West Coast states.
He made his victory speech in Grant Park, Chicago, in front of a crowd of several thousand people. They have been gathering all day to listen to him.
He appeared on stage with his wife and daughters, then started addressed the country for the first time as the president-elect.
“We are and always will be the USA.” He added that “change has come to America”.
He also talked about McCain “extemely gracious call”. He congratulated his formal rival and Governor Palin, adding that he is looking forward to ‘”working with them”.
He told the crowd : “this is your victory” and added that “the road ahead will be long.”
At the end of his speech, Mr Obama was joined on stage by Joe Biden, the new vice-president.
His Republican rival, John McCain, had made his concession speech a little earlier, saying he had already called Mr Obama to congratulate him. “This is an historic election”, he said. He added that “senator Obama has achieved a great thing for him and this country.”
He asked people in the crowd to “offer our next president our good will”. “Whatever our differences, we are fellow americans.”
“The failure is mine, not yours”, stopped by crowd saying his name.
Governor Palin was standing next to him while he spoke, but didn’t say a word.
George W. Bush congratulates Mr Obama on his “awesome night”, said Dana Perino the White House spokeswoman. According to her Mr Bush told Mr Obama that he was about to begin one of the great journeys of his life. She also said that the next president has been invited by Mr Bush to visit the White House as soon as it could be arranged.