(CNN) – The White House released documents Wednesday that show President Barack Obama and the first family hold assets valued between nearly $1.9 million and nearly $6.9 million.
The disclosure forms, required by the Ethics in Government Act, reveal the president's largest asset is U.S. debt in the form of Treasury notes and bills. In total, the president has between $1.1 million and $5.25 million invested in Treasury debt.
Obama reported a few other large assets, including a JPMorgan Chase checking account that holds between $250,000 and $500,000 and a set of 529 college savings plans.
The disclosure forms provide a range for the value of each asset, leading to the widely divergent estimates of wealth.
Obama made between $100,000 and $1 million from royalties on his 2004 book "Dreams From My Father" in 2012. He also profited between $50,000 and $100,000 on another book, "Audacity of Hope," which came out in 2006.
His latest title, "Of Thee I Sing: A Letter to My Daughters," a 2010 children's book, brought in royalties last year between $100,000 and $1 million.
As for liabilities, the president has a mortgage ranging from $500,000 to $1 million for an Illinois residence.
Vice President Joe Biden, meanwhile, reported assets between $448,000 and $867,000 last year. A bulk of that comes from rental property in his home state of Delaware.
He earned between $17,600 and $58,000 in 2012, with between $15,000 and $50,000 of that money coming from the rental property.
– CNN’s Ashley Killough and Charles Riley contributed to this report.
Very reasonable. BUT, including all of Obama's headaches, and the love for the country and it's citizens that he fights for the most but has a hard time from politicians, he deserves a few more millions. Maybe he can get 50,000 dollars for every white hair that's grown and continues to grow.
Something less than Romney and something more than who cares?
Really Fox-lite?? More red meat for your rabid fanbase.
the president can tell that to you himself
Just curious: did you run this kind of article on George W. Bush or is it only important because well, you know.
Give me a name of an elected official who does NOT have millions. THAT should be the story.
Not as much as GW Bush !
This loser is grossly overpaid. Waiting for left winged libtard 'Think Again' to respond.
In total, the president has between $1.1 million and $5.25 million invested in Treasury debt. This means Obama is betting on/in the future of the United States. So, those who claim he is out to destroy this country, you are idiots. Why would he put his own money at risk for this country if he trying to destroy it.
Where then does d $14m net worth of the OBAMAS as reported recently come from? Pls let this man do the job he was reelected to do. GOP like it or not, he is our oresident, d most powerful creation on earth
So what?!! That is none of my business...and yours (CNN) neither!! ~He is the president! He shouldn't be broke!
Disclosure? .. Lol! .. So, back to the question. How much DID the President + Mr. Biden earn + what IS the value of their assets?
This is important because? Both Obamas come from middle class background and worked for all they now have. The point?
The obamas had millions before they became the president an first lady, how many millions do you an castro the bad man in ohio have, you help him capture those poor girls for your mllions, obamas didnt ask the irs for milions of dollars they for their millions an you work for the house stupid,
Are NOT 1%ers
Will fight for you
Have your back
Did "I" say... Middle Class ???
Did "I" TELL you "I" am just too awesome !!!