Obama lists assets worth up to $8.9m
Published on May 16, 2014 6:31 AM
WASHINGTON (REUTERS) - US President Barack Obama lists assets worth between US$1.95 million and US$7.15 million (S$8.9 million), of which US$1 million to US$5 million were in Treasury notes, according to financial disclosure forms released on Thursday.
Mr Obama and his wife, Michelle, in April reported income of US$503,183 last year. As president, Mr Obama is entitled to a US$400,000 salary.
In financial disclosure forms released on Thursday, the President reported outside income of between about US$180,000 and US$482,000 from book royalties and investments.
The President reported a 30-year mortgage of between US$500,000 and US$1 million on his Chicago residence at a 5.625 per cent interest rate. He has retirement plans from the Illinois General Assembly and the University of Chicago.
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