A closer look at Barack Obama’s assetsComment on this story
Washington - President Barack Obama lists assets worth between $1.95 million and $7.15 million, of which $1 million to $5 million were in Treasury notes, according to financial disclosure forms released on Thursday.
Obama and his wife, Michelle, in April reported income of $503 183 last year.
As president, Obama is entitled to a $400 000 salary.
In financial disclosure forms released on Thursday, the president reported outside income of between about $180 000 and $482 000 from book royalties and investments.
The president reported a 30-year mortgage of between $500 000 and $1 million on his Chicago residence at a 5.625 percent interest rate. He has retirement plans from the Illinois General Assembly and the University of Chicago.
Vice-President Joe Biden reported assets of between about $230 000 and $850 000. He is entitled to a $230 700 salary.
Biden listed outside income of between about $30 000 and $105 000, principally from rental property and book royalties.
Biden's liabilities include a mortgage of between $500 000 and $1 million at a 3.375 percent interest rate and a home equity line of credit of between $250 000 and $500 000.
Biden split a $50 000 award from the Pennsylvania Society in equal parts, with contributions to the Pennsylvania Coalition Against Domestic Violence and Women Against Abuse in Philadelphia. - Reuters