Millionaire-in-chief: Obama's annual financial disclosure shows assets between $1.8M and $7M
The president's three books brought in between $70,000 and $165,000 in royalties in 2013
Two years earlier, however, the books sold more briskly, earning him between $250,000 and $2.1 million
VP Joe Biden refinanced his mortgage last year, snagging an impressive 3.375 per cent interest rate
He and his wife Jill are worth between $276,000 and $940,000
Financial disclosure forms for federal employees use wide ranges of values, making an official's exact net work impossible to figure out
By Associated Press
Published: 16:14 EST, 15 May 2014 | Updated: 16:57 EST, 15 May 2014
President Barack Obama and first lady Michelle Obama reported assets worth between $1.8 million and $7 million for last year, little changed from their previous year's holdings, according to financial disclosure forms released Thursday.
The forms, required by law, permit public officials to list their assets in broad ranges. As a result, a precise net worth is difficult to ascertain.
The forms show the largest jointly owned assets by the president and the first lady were Treasury notes worth between $1 million and $5 million.
While the value of their assets is certainly higher than that of most Americans, their mix reflects the financial demands of a 50-something couple with two daughters. Their assets include Vanguard retirement funds and college savings plans.