Obama's Portfolio: US Treasury Notes and Not Much Else
Earlier this week, Republican Presidential candidate Donald Trump revealed that he has a net worth of nearly $9 billion. In mid-May, President Obama filed his annual personal financial disclosure which revealed a much more restrained net worth when compared to "The Donald".
According to the filing, President Obama and his family had a total net worth of somewhere between $853,014 and $6,395,999 in 2014 (not including the value of his primary residence, which doesn't have to be included in these filings). Asset values are only required to be given in ranges, which is why President Obama's net worth could fall between the two numbers.
President Obama's biggest holding? Between $1,000,001 and $5,000,000 of US Treasury Notes. Here are his five largest assets, not including his primary residence in Illinois:
US Treasury Notes, $1,000,001 to $5,000,000
US Treasury Bills - SEP/IRA, $250,001 to $500,000
Vanguard Institutional Index Fund (Retirement) - $100,001 to $250,000
Vanguard 500 Index Fund (Retirement) - $100,001 to $250,000
Vanguard 500 Index Fund (Retirement) - $100,001 to $250,000
According to the filing, President Obama and his family had one liability - a mortgage on their home in Illinois with between $500,001 and $1,000,000 still owing.
-
President Obama's income in 2014 fell between $495,208 and $716,000. President Obama earns $400,000 for his role as President of the United States, while the Commander-in-Chief also earned royalties from the various books that he has written.
-
Source: President Obama Net Worth
Filed under: General Knowledge
