The report shows that the Obamas’ assets are valued between $2 million and $7 million.
Constantly being in the spotlight typically means personal information isn’t so personal after all. Take President Obama and first lady Michelle Obama as an example.
As required by law, recently their financial disclosure report was released to the public, allowing everyone to see what they have in assets. The report shows that the Obamas’ assets are valued between $2 million and $7 million.
Under a box marked ‘U.S. Treasury notes’, the Obamas are in the $1,000,001 million to $5 million range. Those notes are the family’s largest single asset for the year 2013.
In addition to numerous bank accounts, they also claimed royalties on several of the President's books including ‘Of Thee I Sing: A Letter To My Daughters’, ‘The Audacity of Hope’ and ‘Dreams From My Father’.
Those royalties amounted to between $70,000 and $165,000 in income. The couple also listed 250 grand in a retirement fund in addition to $200,000 to $400,000 in college savings plans.
As for liabilities the Obamas aren’t doing too bad. They only listed one; for their home in Chicago which they still owe between $500,000 and $1 million on.
The report for Vice President Biden and his wife was also released, showing the couple’s assets valued somewhere between $276,000 and $940,000.