Obama lists assets worth up to $7.15 million

WASHINGTON Thu May 15, 2014 6:04pm EDT

U.S. President Barack Obama returns from a 3-day visit in California, to the White House in Washington May 9, 2014. REUTERS/Jonathan Ernst

U.S. President Barack Obama returns from a 3-day visit in California, to the White House in Washington May 9, 2014.

Credit: Reuters/Jonathan Ernst

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WASHINGTON (Reuters) - President Barack Obama lists assets worth between $1.95 million and $7.15 million, of which $1 million to $5 million were in Treasury notes, according to financial disclosure forms released on Thursday.

Obama and his wife, Michelle, in April reported income of $503,183 last year. As president, Obama is entitled to a $400,000 salary.

In financial disclosure forms released on Thursday, the president reported outside income of between about $180,000 and $482,000 from book royalties and investments.

The president reported a 30-year mortgage of between $500,000 and $1 million on his Chicago residence at a 5.625 percent interest rate. He has retirement plans from the Illinois General Assembly and the University of Chicago.

Vice President Joe Biden reported assets of between about $230,000 and $850,000. He is entitled to a $230,700 salary.

Biden listed outside income of between about $30,000 and $105,000, principally from rental property and book royalties.

Biden's liabilities include a mortgage of between $500,000 and $1 million at a 3.375 percent interest rate and a home equity line of credit of between $250,000 and $500,000.

Biden split a $50,000 award from the Pennsylvania Society in equal parts, with contributions to the Pennsylvania Coalition Against Domestic Violence and Women Against Abuse in Philadelphia.

(Reporting by Mark Felsenthal; Editing by Dan Grebler)

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Comments (17)
fedscam wrote:
Obama is going to need the 7 million after Sheriff Joe gets done with him for attorneys fees.

May 15, 2014 8:13pm EDT  --  Report as abuse
TheNewWorld wrote:
The big bucks don’t come until after you retire as President. Then you get a ton of money from speaking engagements and book deals. I have no problem with him being a multimillionaire.

May 15, 2014 11:56pm EDT  --  Report as abuse
BaiJiuUSA wrote:
if people have a problem with this…they should investigate how much the bush family was worth before they became presidents

May 16, 2014 5:15am EDT  --  Report as abuse
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