It pays to publish: Obama worth between $2.8m and $11.8m, and most of it comes from his books
President, and author: Disclosure forms show Barack Obama makes $1m-$5m from book royalties
Barack Obama and Michelle Obama have assets totalling between $2.8 million and $11.8 million, according to federal disclosure forms released today.
The President's assets were mainly in U.S. Treasury obligations, shown to be between $1 million and $5 million in U.S. Treasury bills and between $1 million and $5 million in Treasury notes.
But it also showed that he earns millions in royalties from his books Dreams From My Father and Audacity Of Hope.
Both books were written before Mr Obama became America's 44th president in 2008, but they still earn him between $1 million and $6 million in royalties.
The disclosure forms do not record exact figures, instead putting assets in ranges.
Apart from the bumper paychecks from Treasury and publishing, the forms reveal a glimpse of the Obamas personal finances.
They have between $250,000 and $500,000 in a JPMorgan Chase Private Client Asset Management checking account, between $100,000 and $250,000 in Vanguard 500 Index retirement funds, and at least $250,000 in Bright Directions College Savings funds for their daughters Malia and Sasha.
Mr Obama was given a $225,000 advance to write the 2007 Dreams From My Father. There was no further advance for the following year's Audacity of Hope, but Mr Obama received a further $133,334 for Of Thee I Sing published in 2010.
No figures are yet available on how much he is making from that book.
He also earns between $1,000 and $2,500 in royalties from the book Surviving Against The Odds, written by his late mother S Ann Dunham.
Set for the future: The Obamas have money set aside for their retirement, as well as at least $250,000 in college funds for daughters Sasha, left and Malia
The disclosure forms reveal the Obama holdings grew from 2009, when the President reported assets of between $2.3 million and $7.7 million.
The president's tax return for 2010, released April 18, showed he had total adjusted gross income of $1.7 million and paid $453,770 in federal income taxes.
The Obamas reported $1.3 million in taxable income after deductions, according to a 2010 tax return.
The old John Hancock: Barack Obama's signature is clearly visible at the top of a group on the front page of his 2010 Public Financial Disclosure report
Page four: The forms show Mr Obama drew anywhere between $2m and $6m in royalties for his books Dreams From My Father and Audacity Of Hope
Money spinners: The royalties from Dreams From My Father and The Audacity Of Hope are in the millions
When not in the White House, the Obamas live in a house in Chicago on 5046 South
Greenwood.
The house has an estimated value of $1.5 million, based on the average value of homes of the same size in the same zip code.
Obama's salary as President is $400,000, controlled by Congress, with an additional $50,000 tax-free expense account, an $100,000 tax-free travel account and a $19,000 tax-free entertaiment account.
Home away from home: The Obama's Chicago residence is estimated at around $1.5m, based on average prices of similar properties in the area
While the family is in the White House, meals are provided by the taxpayer via White
House Food Services.
Travel for official purposes is also at taxpayer expense and is not counted as taxable income. All of this means that, for practical purposes, Mr Obama has very few
living expenses.
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