Obama's Net Worth Is...

President has up to $7M in assets

By Kevin Spak,  Newser Staff

Posted May 16, 2014 9:56 AM CDT

(Newser) – Barack Obama may not be Mitt-Romney-rich (or even Al-Gore-rich), but he's doing all right for himself. The president's latest financial disclosure forms, released yesterday, reveal that he and Michelle had total assets worth somewhere between $1.8 million and $7 million in 2013, the AP reports. (That's just like 2012.) Most of that is in US Treasury notes, which are worth between $1 million and $5 million. Other assets include Vanguard retirement funds and college saving funds.

Current financial disclosure rules only require politicians to list their assets within a broad range, so it's hard to pin down exactly how much Obama has, the New York Times explains. Besides his presidential salary, Obama makes most of his money off royalties from his books, though the market seems to believe he peaked as a writer in the '90s. His latest, 2010's Of Thee I Sing, A Letter to My Daughters, earned between $5,001 and $15,000, compared to $50,001-$100,000 for 1995's Dreams From My Father. But even Of Thee's numbers probably sound good to Joe Biden, who made less than $201 in royalties last year off of his 2007 book Promises to Keep.

President Barack Obama gestures and smiles during his speech at the White House Correspondents' Association (WHCA) Dinner at the Washington Hilton Hotel, May 3, 2014.   (AP Photo/Jacquelyn Martin)
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