Finance

Finance

Barack Obamaâ€™s annual income declaration made public

16 May 2012 09:22 (UTC +04:00)

Baku - APA-Economics. According to financial disclosure forms released Tuesday by the White House, President Obama has at least $2.6 million in assets and earned hundreds of thousands from book royalties and investments last year, Politico reported.

His assets were valued between $2.56 million and $8.2 million dollars, while his income was between $256,000 and $2.1 million, according to the disclosure, which lists ranges of numbers rather than exact figures.

A good chunk of his assets - at least $1.6 million -- was invested in U.S. Treasury bills and notes. The president also has up to $1 million in a high-end checking account at JPMorgan.

On the income side, Obama’s three books (Dreams From My Father, the Audacity of Hope, and Of Thee I Sing) continue to earn royalties - a total of between $250,000 and $2.1 million, although some of those book profits are going to charity. That’s on top of his $400,000 salary.

His balance sheet doesn’t appear to differ much from 2010, when his assets were valued between $2.8 million and $11.8 million.

Obama’s only debt in 2011 was the mortgage on his Chicago home, which is worth between $500,000 and $1 million.