Obama’s Worth Up to $7M

    US President Barack Obama and First Lady Michelle Obama wave as they walk from Marine One after arriving on the South Lawn of the White House in Washington, DC, May 15, 2014. The Obamas are returning from New York City where they attended the dedication ceremony of the National September 11 Memorial and Museum. AFP PHOTO / Saul LOEB        (Photo credit should read SAUL LOEB/AFP/Getty Images)

    SAUL LOEB/Getty

    In financial disclosures released Thursday, President Obama and his wife Michelle revealed they were worth as much as $7 million in 2013. A chunk of the wealth comes from Treasury notes held by the couple, worth between $1 million and $5 million. Most of the income for the president comes from his book royalties. His 1995 “Dreams From My Father,” garners $50,001 to $100,000, while “The Audacity of Hope" from 2006 nets between $15,001 and $50,000 a year. In comparison, Vice President Joe Biden’s royalties from 2007’s “Promises to Keep” earned him less than $201.

    Read it at The New York Times