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Prune Juice Media | November 21, 2014

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Here’s the Public Listing of the Obama Family’s Assets

| On 16, May 2012

President and Mrs. Obama are sitting pretty on some coins these days. (Photo by Pete Souza / White House)

President Obama has been honest with the American people that he sits in a comfortable tax bracket.

Outside of the presidency, he is a best-selling author and has invested some of his money well. Trust me, the Obama family isn’t missing any of their organic, home-grown meals.

Check out the list that CNN Money compiled of the Obama family’s estimated assets, as required by the Ethics in Government Act:

  • Between $1.6 and $6.3 million in Treasury notes and bills. This is essentially government debt they hold that they can cash in later.
  • A JPMorgan Chase account containing an estimated $500,000 to $1 million.
  • 529 college savings plans — obviously for Malia and Sasha.
  • Royalties between $100,000 and $1 million for the book, “Dream from My Father.”
  • Royalties between $50,000 and $100,000 for the book, “The Audacity of Hope.”
  • Though it’s not an asset, the family does carry a mortgage between $500,000 and $1,000,000 on their Chicago home.
  • Earned over $789,000 in income in 2011, per their recent tax returns.

All of the assets are listed in range, but not specific, values. That’s why there is such a gap in the estimated wealth of the First Family.

I’ll take the low end of their range! Works just fine for me.

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ANSWER IN THE COMMENTS SECTION BELOW: 

What do you think of the Obama family’s assets?

Did you think they held more or less than what was reported?

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