The assets of President Obama and his wife, Michelle, were valued as high as $7 million last year, according to a financial disclosure form released by the White House on Thursday.
Most of the president’s income came from royalties on his three books and investments made possible by the proceeds. His memoir, “Dreams From My Father,” published in 1995, continued to make the most money for Mr. Obama, generating between $50,001 and $100,000 in royalties, according to the disclosure form. “The Audacity of Hope,” from 2006, earned between $15,001 and $50,000, and “Of Thee I Sing: A Letter to My Daughters,” released in 2010, earned between $5,001 and $15,000.
Sales from Mr. Obama’s books have decreased steadily every year since he took office as president, according to the disclosure forms the White House has released.
Treasury notes held jointly by the president and Mrs. Obama are their most valuable assets, worth between $1 million and $5 million. The forms only require the Obamas to list their assets and income in wide ranges, leaving it difficult to discern the exact amount of the couple’s worth in 2013.
SOURCE: JADA F. SMITH
The New York Times