President Obama discloses assets

Published On: May 15 2013 04:41:36 PM EDT
Updated On: May 15 2013 04:44:55 PM EDT

Newly released federal financial disclosure forms show that President Barack Obama and first lady Michelle Obama held assets last year worth between $1.8 million and $6.8 million.

Required by law, the disclosure forms allow public officials to list their assets in broad ranges, such as between $1 million and $5 million. That makes it difficult to determine a precise net worth.
 
The forms show the Obamas owe between $500,000 and $1 million on a 30-year mortgage on their Chicago home.
 
The president also collected between $250,000 and $2.1 million in royalties on his three best-sellers: "Dreams From My Father," "The Audacity of Hope" and a children's book, "Of Thee I Sing: A Letter to My Daughters."
 
The White House released the documents Wednesday. Obama signed them Tuesday.

Comments

The views expressed below are not those of Click On Detroit, WDIV, or its affiliated companies. By clicking on "Post," you acknowledge that you have read the Terms of Service and your comment is in compliance with such terms. Readers, please help keep this discussion respectful and on topic by flagging comments that are offensive or inappropriate (hover over the commenter's name and you'll see the flag option appear on right side of that line). And remember, respect goes both ways: Tolerance of others' opinions is important in a free discourse. If you're easily offended by strong opinions, you might skip reading comments entirely.

blog comments powered by Disqus