The first family is worth how much?
May 15th, 2012
05:20 PM ET

The first family is worth how much?

NEW YORK (CNNMoney) - The White House released documents Tuesday that show President Barack Obama and the first family hold assets valued at between $2.6 million and $8.3 million.

The disclosure forms, required by the Ethics in Government Act, show the president's largest asset, by far, is U.S. debt in the form of Treasury notes and bills. In total, the president has between $1.6 million and $6.3 million invested in Treasury debt.

The first family reported a few other large assets, including a JPMorgan Chase checking account that holds between $500,000 and $1 million and a set of 529 college savings plans.

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Topics: President Obama

soundoff (33 Responses)
  1. judy

    Thtats not very much in political circles. But im sure people will make a big deal of it. Nice to do a comparison then see how the repos react. Transparency is the name of the game . No foreign or off shore assets. All in USA and paying taxes on same. Obama 2012

    May 15, 2012 at 5:46 pm |
    • 1FreeWorld

      Might be interesting to watch the following,,,,

      Might be Leider-Hosen!

      Do Germans know how to play soccer?

      [youtube=http://www.youtube.com/watch?v=ptSrcNvJzBQ&w=640&h=360]

      May 15, 2012 at 8:56 pm |
    • jean2009

      @Judy ...We can say: Romney's holdings in the Cayman Islands and Swiss bank accounts all in the same sentence.

      May 16, 2012 at 8:00 am |
      • John

        Can we say Romney made his money in the public sector while BO made the majority of his while he was a sitting president?

        May 16, 2012 at 8:03 am |
    • John

      Last night on NBC they said the Obama's were worth between 1.2 and 12.2 million. What is up here?

      May 16, 2012 at 8:02 am |
  2. Sponge-Bob

    A 1%'er against the 99%.

    May 15, 2012 at 7:26 pm |
    • John Smith

      Actually, smarty pants, the Obama's are worth much less than most political families.
      Look up what Romney is worth... except he won't make it public, LMAO.

      May 15, 2012 at 9:25 pm |
      • Pete

        @john Smith,remember Romneys tax extension,probleby put it off till just before the elections,hoping nobody takes notice.Most of Pres.Obamas money was from book writting and as a teacher at Harvard,teaching Constitutional law so he really didn't make what a corporate thugs like Romney made,Romney just on investments,other peoples sweat and blood not his!!

        May 17, 2012 at 4:59 pm |
  3. Name*Liz Carter

    Sponge-Bob, President Obama is one of the few 1 percenters who is fighting for the 99 percenters!! Where have you been through all of the ruccous, raised by the GOP and their 'Greed Over People' buddies?? Obama has been catching hell trying to get them all to see that 'to whom much is given, much is required'!!

    May 15, 2012 at 9:50 pm |
    • 1FreeWorld

      Hey Liz?

      Are you a Commie?

      Do you like what Communism has done to North Korea? Cuba? Russia? Venezuela? Kenya? Brazil? China?

      Do you often quote Commie Writers?

      Would you prefer the Commie Model over the Free-Market Model?

      May 15, 2012 at 10:19 pm |
      • jean2009

        I can pretty much guarantee you Liz is not a commie. It is obvious you haven't a clue to what a commie is, but definitely you are an idiot.

        May 16, 2012 at 7:56 am |
      • Kool-Aid Police

        A communist wants to eliminate the class system by having the state decide who gets what and how much. The all powerful state decides all things and free thinking is not permitted. The individual is expendable, all that matters is the state. It is preached as a utopia but has always been more like a prison. Terms like "fair share", "collective" and "common good" have all been used by communists to disguise their true agenda. Just listen closely to Obama, you'll hear it come through.

        May 16, 2012 at 8:47 am |
    • John

      Liz, Hillary is good. Holder is a hack, Biden is a nice guy. Susan Rice seems like she is in over her head. Geithner is dangerous. Panetta is good. Sebelius has her own agenda. Chu wants gas at 7$ a gallon so he is very, very bad. Napolitano is in way, way over her head. Lisa Jackson wants to destroy small business. .

      May 16, 2012 at 3:01 pm |
      • Jules

        And you know all this how?

        May 16, 2012 at 3:29 pm |
  4. Sponge-Bob

    It's soooo easy to push the buttons of lefties and get them riled up. It's like pavlov's dog, you say "X" and they say "Y". They're so programmed and predictable in their responses it proves they don't think for themselves but instead parrot Obama talking points.

    May 16, 2012 at 3:44 am |
    • jean2009

      @joey it is obvious we know how to push the buttons of the idiot right just by speaking intelligently.

      May 16, 2012 at 7:58 am |
      • John

        Jean, where have you been? I missed you...

        May 16, 2012 at 8:06 am |
      • Kool-Aid Police

        Since when has the blind worship of Obama been considered intelligent?

        May 16, 2012 at 8:53 am |
  5. so

    I see no reason why either should get my vote the're just not worth anything to me.

    May 16, 2012 at 9:38 am |
    • Jules

      There certainly is a difference between them so you should probably make a choice as to whose policies are in your best interest.

      May 17, 2012 at 9:23 am |
  6. judy

    flucuation in the Obamas money is because of interest rates. Even their house which was valued at 1 million is now down to about 5hundred thousand. Yes they have money but are willing to pay more in taxes too. Obama 2012

    May 16, 2012 at 11:09 am |
    • John

      Judy, they have the option now to pay more in taxes now and they DO NOT PAY MORE. Also, before 2011 they donated almost nothing to charity. Just because they say things it does not make them true.

      May 16, 2012 at 11:27 am |
  7. judy

    hey the video on this post just shows how stupid the people in North Carolina are . Didn;t they just vote against same sex marriage too?. Half the video looks like entrapment and why should anyone believe it is true ? They have been trying to pull this off all over and making phoney tapes to sway voters. Not everthing on the internet is true.

    May 16, 2012 at 11:26 am |
    • Jules

      Anytime you say to yourself, "wow – I wonder if that could be true," you better check it out because odds are it isn't. Anyone can post anything they want so that should always be in the back of your mind.

      May 17, 2012 at 9:21 am |
  8. Les be faire

    John, they have the option? Americans see through that bit of republican do nothing law. Obviously we are not going to pay down the debt with a tin cup asking for spare change. It is not an attempt to help with America's debt. but a law that is purely there as food for political rhetoric. How wrong is that? We are not collecting the needed revenue to help our country, and yes, programs need to be reduced as well. Americans know both need to be done. You guys are going down for lying to the American people about most everything. I suppose it is understandable, your real agenda would assure wide-spread defeat come election time.

    May 16, 2012 at 1:17 pm |
  9. Jules

    A mere pitence sonsiering the other guy runnuing for president. Soes President Obama keep his money in off shore bank accounts, too?

    May 16, 2012 at 1:36 pm |
    • jerry

      if Mitt had obamas whole net worth invested off shore it might be 5% of his assets...dummy!

      May 16, 2012 at 5:07 pm |
      • Jules

        Certainly Romney does not have much invested in banks in this country where the money can be used to make loans for other Americans. And we really won't know the answer to questions about Romney's wealth until he releases his tax returns at least for the lasty 6 or 7 years so we can see what his returns were for the time he has been running for president. Remember that we haven't seen his returns for 2011 yest – just an estimate. Which of course, if it is not correct will be the accountant's fault. What is the guy hiding?

        May 17, 2012 at 8:03 am |
  10. The_Lightbringer

    Doesn't this make him part of the 1% he's gonna save us from?

    May 16, 2012 at 1:49 pm |
    • Jules

      His policies do not reflect that. What he has done thus far certainly does not reflect that.

      May 17, 2012 at 9:19 am |
  11. jerrylax

    Wow! The obamas have done well considering that in 2004 they owed $240k on the condo they bought for $159k in 1999 and they had NO INTERESST INCOME in that year, meaning they were about broke! But, you have to consider bo was elected to congress in 2004 and two months later michaell got that job at the U of Chicago Medical Center(the position that was created for her and disapeared after she left)(also shortly after she got the job the center got an $1,000,00.00 ear mark, Barry voted for)...with a 240% pay increase(for michaell). Now, remember also Mz obama had only practiced law from 1993 to 1999...and oh dont forget the Tony Rezko sweetheart realestate deal..fraud if you will. I'd say teh obama have done quite well....but then compared to Mitt Romney they are still, and always will be chump change.

    May 16, 2012 at 3:57 pm |
    • Jules

      I think that he made quite a bit on his books after he was nominated to run for president and again after he was elected. He pretty much has had to account for every dime hetakes in or spends since most odf the time he has been making money off his books he was in the Senate and president. Considering he has had two best selling books I don't think his net owrth is out of range of that. And let's not forget, he has it here in this country and not in some off shore account. He is investing in America – not so with some others.

      May 16, 2012 at 4:59 pm |
      • jerry

        how much do you think Romney has invested in America? Just remember, Mitt can put obama in his pocket and not even feel the jingle...in more ways than one.

        May 16, 2012 at 5:06 pm |