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Business News/ News / World/  Barack Obama lists assets worth up to $6.9 mn
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Barack Obama lists assets worth up to $6.9 mn

Obama and his wife, Michelle, in April reported adjusted gross income of $608,611 in 2012

As president, Barack Obama is entitled to a $400,000 annual salary. Photo: Jewel Samad/AFP (Jewel Samad/AFP)Premium
As president, Barack Obama is entitled to a $400,000 annual salary. Photo: Jewel Samad/AFP
(Jewel Samad/AFP)

Washington: President Barack Obama lists assets worth between $1.85 million and $6.88 million, of which $1 million to $5 million were in intermediate-term treasury notes, according to federal financial disclosure forms released on Wednesday.

Obama and his wife, Michelle, in April reported adjusted gross income of $608,611 in 2012, down from the previous year as income from his best-selling books declined.

As president, he is entitled to a $400,000 annual salary.

Obama reported a mortgage of between $500,000 and $1 million on a residence in Illinois. He has retirement plans from the Illinois General Assembly and the University of Chicago.

Vice-president Joe Biden listed assets of between $439,031 and $1.07 million, disclosures showed. Biden also lists liabilities of between $755,000 and $1.67 million, including a mortgage of between $500,000 and $1 million.

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Published: 16 May 2013, 04:39 PM IST
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