Obama Assets Valued between $2.6M and $8.3M

Tuesday, 15 May 2012 05:25 PM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink

The White House says President Barack Obama and first lady Michelle Obama hold assets worth between nearly $2.6 million and nearly $8.3 million.

The White House released financial disclosure documents Tuesday showing the couple's assets for last year. The first family's assets were valued between $1.8 million and nearly $12 million in 2010.

The disclosure form requires public officials to list their assets in broad ranges, for example, between $1 million and $5 million, making it difficult to determine a precise net worth.

The Obamas have a 30-year mortgage on their Chicago home worth between $500,000 and $1 million with an interest rate of 5.625 percent.

Royalties from Obama's books, "Dreams From My Father," ''The Audacity of Hope" and "Of Thee I Sing," totaled between $250,000 and $2.1 million.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Karl Rove: New Congress Will Be Effective, Bipartisan

Thursday, 18 Dec 2014 08:15 AM

The 114th Congress could demonstrate that bipartisanship is possible by building on Democratic support for legislation r . . .

Pakistan Shaken to Core by Taliban School Massacre

Thursday, 18 Dec 2014 08:06 AM

The horrific attack Tuesday that left 132 schoolchildren dead at the hands of Muslim extremists has strongly affected Pa . . .

Uncompromising Putin Blames US For Economic Woes

Thursday, 18 Dec 2014 07:59 AM

President Vladimir Putin struck an uncompromising stance over the crisis gripping Russia, accusing the U.S. and European . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved