You have reached your limit of free articles this month.

Enjoy unlimited access to SpringfieldNewsSun.com

Starting at just 99¢ for 8 weeks.

GREAT REASONS TO SUBSCRIBE TODAY!

  • IN-DEPTH REPORTING
  • INTERACTIVE STORYTELLING
  • NEW TOPICS & COVERAGE
  • ePAPER
X

You have read of premium articles.

Get unlimited access to all of our breaking news, in-depth coverage and interactive features. Starting at just 99c for 8 weeks.

X

Welcome to SpringfieldNewsSun.com

Your source for Clark and Champaign counties’ hometown news. All readers have free access to a limited number of stories every month.

If you are a News-Sun subscriber, please take a moment to login for unlimited access.

President Obama's assets worth up to $7 million


President Barack Obama and first lady Michelle Obama disclosed their assets from 2013, and, guess what? They're millionaires. 

Yes, the first couple reported somewhere between $1.95 million and $7.15 million in assets for the past year. The large difference is because they are only require to disclose values in broad ranges. (Via ABC)

Their largest holdings were U.S. Treasury notes, which are valued between $1 million and $5 million. But the Obamas also get a decent amount of royalties from the president's three books. 

His best-selling memoir, "Dreams From My Father," made between $50,000-$100,000 in royalties in 2013, while "The Audacity of Hope" made between $15,000-$50,000. "Of Thee I Sing: A Letter To My Daughters" made between $5,000 and $15,000, but much of the profits from that book are donated to charity. (Via Broadway Books / "Dreams From My Father," Crown/Three Rivers Press / "The Audacity of Hope," Alfred A. Knopf / "Of Thee I Sing: A Letter To My Daughters")

According to The New York Times, book sales have decreased steadily for the president each year he has been in office. 

But beyond the book royalties and, of course, the $400,000 salary that comes with the Oval Office, it seems the couple's finances reflect those of most families — even if they are the First Family.

The Obamas reported a mortgage on their Chicago home and college savings plans for Sasha and Malia. 

As for Vice President Biden, his total assets were reported between $275,000 and just under $1 million. One of his biggest listings is a rental property he owns with his wife, Jill. 

Press Secretary Jay Carney explained on The White House blog Thursday that, of course, the president and vice president must regularly disclose their financial holdings to be transparent about potential conflicts of interest. 



Reader Comments ...


Next Up in News

WATCH: Pregnant woman in SUV allegedly runs over suspected thief in Walmart parking lot
WATCH: Pregnant woman in SUV allegedly runs over suspected thief in Walmart parking lot

A pregnant woman driving an SUV reportedly chased down a suspected purse thief and struck him with her vehicle in a Walmart parking lot in Asheville, North Carolina – and it was all caught on video. According to WLOS-TV, Christine Braswell, 26, confronted the man Wednesday afternoon after he allegedly grabbed her purse and other items from her...
TODAY’S MODERATOR: Now, drive like everyone’s out to kill you

We got plenty of email about Ohio’s proposed law to cast fines for distracted driving. This from reader John Miller: “I ride a motorcycle, and was taught to ride with an awareness like everyone on the road is out to kill me. Of course, not everyone is, but because of your vulnerability and lack of protection, it was more a mindset you need...
FRESH IDEAS: Emojis as the new lingua franca

From Prospect: “Emojis, the pictograms that now come as standard with all smartphones … from a standing start not long (ago … they have been standard on the iPhone since 2011, and on Android from 2013), have become the world’s foremost lingua franca. There are now 1,851 emojis. OPINION: Who suffers most from the drug war?...
COMMENTARY: Try getting out of your deranged, partisan bubble

Media Matters’ Eric Boehlert wrote in 2016, “It’s classic Obama Derangement Syndrome: the inability of adults to rationally deal with the actions of the Democratic president.” He was describing conservatives’ sometimes irrational hatred of all things Obama. And he had a good point: From 2008 through 2016, conservatives...
Major League Baseball umpire stops woman from jumping off bridge before Pirates game
Major League Baseball umpire stops woman from jumping off bridge before Pirates game

A Major League Baseball umpire, Jon Tumpane, stopped a woman from jumping off the Roberto Clemente Bridge before Wednesday night's Pittsburgh Pirates game at PNC Park in Pittsburgh. "Just hanging on to her and at times when she wanted to go the other way, I was like, 'not on my watch,'" Tumpane said in a press conference Wednesday night...
More Stories