Washington (CNN) -- President Barack Obama has at least $4 million in personal assets and income, including book royalties, retirement funds, U.S. Treasury bills and notes and other holdings, according to a financial disclosure statement made public Monday.
A blog post on the White House website by Counsel to the President Bob Bauer said the report complies with the Ethics in Government Act of 1978, which requires top federal officials to publicly disclose their personal financial interests.
"The public filing system serves to prevent financial conflicts of interest by providing for a systematic review of the finances of government officials," Bauer wrote in the blog post. He added that Obama has no conflicts of interest.
Determining Obama's exact holdings from the report was impossible because it provided a range for the amounts of assets in different categories. According to the document, the minimum amount of the president's holdings is about $4 million, and the real figure could more than triple that.
For example, the president's report showed at least $1.1 million in book royalties, as well as more than $2 million in U.S. Treasury notes and U.S. Treasury bills. Within the range for those assets provided by the report, the book royalties could be as much as $5 million, and the Treasury holdings could total as much as $10 million.
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12 comments:
Just think, not many years ago he was merely a state senator in Illinois. Four years ago he was a US Senator, making not that much over $100,000. What a long way he has come financially in such a short time! What's the secret to his relatively new-found wealth?
No matter what your political affiliations are, Pres. Obama and the first lady represent a bona fide example of one taking full advantage of the educational opportunities available in the US and turning them into success as adults.
10:39, the article tells you it was book sales. You still asking for the birth certificate too?
10:48 So you truly believe that their money is 100% legit? Don't forget they are from the Chicago Political Machine.
Doesn't Bill Ayres deserve most of this money for writing "Dreams from My Father"?
But yet he hates capitalism and the rich. Go figure.
Is he spreading his wealth?
12:29, who says he hates capitalism and the rich? Oh, I forgot that Hannity and Rush told you that. Seems to me I recall Pres. Obama stating multiple times that "millionaires like me" can afford to pay more in taxes. You can disagree but atleast get your facts straight
It pays to do the bidding of the richest people on earth
12:32 PM
good one.
I wouldn't give a plug nickel for him.
Redistribution Of wealth Obama,,come on! Start with me please!
So why isn't he redistributing his wealth instead of stealing from the poor middle class.
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