Thursday, May 15, 2014

Obamas Worth Between $2 and $7 Million in 2013 (610kvnu)


Saul Loeb/AFP/Getty Images(WASHINGTON) --  President Obama and the first lady had assets worth between $2 and $7 million in 2013, according to the annual financial disclosure report released by the White House.

The president continues to earn substantial royalties from his books.


 The report reveals Dreams From My Father generated between $50,001 and $100,000, while The Audacity of Hope brought in between $15,001 and $50,000. Of Thee I Sing: A Letter To My Daughters pulled in between $5,001 and $15,000 in royalties.
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The largest assets owned by the Obamas are Treasury notes worth between $1 million and $5 million, and they also have between $200,000 and $400,000 put away in 529 college savings plans for their two daughters. 

The couple still holds a 30-year mortgage on their Chicago home, with an interest rate of 5.6 percent, the report detailed. 

“Neither the President nor the Vice President have any conflicts of interest, and their reports have been reviewed and certified by the independent Office of Government Ethics,” Press Secretary Jay Carney wrote in a White House blog. “We are continuing this Administration's practice of posting these forms online here in the interests of transparency.” - See more at: http://www.610kvnu.com/politics/dfc1e6e685bf1db8cbe38f3bf20f51eb#sthash.cp0N0NQG.dpuf

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