Obama discloses assets valued at $2.8 Million to $11.8 Million

Published : May 17, 2011 - 14:43 Updated : May 17, 2011 - 14:43

President Barack Obama and first lady Michelle Obama held total assets of between $2.8 million and $11.8 million last year and reported no debt, according to federal financial disclosure forms released yesterday.

The president's assets were concentrated in U.S. Treasury obligations, an investment posture that would leave him financially vulnerable if he and congressional leaders can't agree on raising the U.S. debt limit in time to avoid a default.

Obama reported holding between $1 million and $5 million in U.S. Treasury bills and between $1 million and $5 million in Treasury notes, according to the forms, which give ranges of value rather than specific amounts. Treasury bills have maturities of one year or less; Treasury notes have maturities of between one and 10 years.

In a JPMorgan Chase & Co. checking account, Obama, 49, reported a balance of between $250,001 and $500,000.

President Barack Obama speaks during a Democratic National Committee event, Monday, May 16, 2011, in Washington. (AP)

The disclosure forms reveal that Obama's holdings grew from 2009, when he reported assets of between $2.3 million and $7.7 million. The growth mostly comes from an increase in the valuation of the Treasury notes from 2009.

Treasuries returned 5.88 percent last year, the best returns since 2008, according to Bank of America Merrill Lynch's U.S. Treasury Master Index data. The financial disclosure did not include performance data on the president's portfolio.

The president's tax return for 2010, released April 18, showed that he had a total adjusted gross income of $1.7 million and paid $453,770 in federal income taxes. Most of his income came from royalties paid on his books -- "Dreams From My Father," a memoir, and "The Audacity of Hope," which outlines his political philosophy.

Biden's Disclosure

Vice President Joe Biden and his wife, Jill Biden, reported assets of between $241,000 and $894,000 in mutual funds, life insurance and certificates of deposit. The Bidens' largest asset is a residential rental property in Wilmington, Delaware, valued between $100,000 and $250,000.

The vice president and his wife reported debts of between $160,000 and $450,000, the largest of which is a home equity line of credit from the Wilmington Savings Fund Society on which they owed between $100,000 and $250,000.

Neither Obama nor Biden, 68, reported retaining any gifts for personal use during 2010. They are required to report on the financial disclosure forms only those gifts they retain that are valued at more than $335. In most cases, the president and the vice president accept gifts on behalf of the U.S. government and the items are turned over to the National Archives, rather than kept for personal use.

(Bloomberg)

<한글기사>

오바마 알고보니 '알부자'

오바마 자산은 280만~1천180만달러

버락 오바마 미국 대통령과 부인 미셸 여사 가 보유중인 자산 총액은 280만달러 (30억원) 에서 1천180만달러 (140억원) 사이인 것으로 나타났다고 블룸버그통신이 전했다.

백악관이 16일 공개한 오바마 대통령의 지난해 기준 자산공개보고서에 따르면 오바마 부부는 100만~500만달러 사이의 단기 미국국채(treasury bill)와 같은 규모 의 재무부 중기채권(treasury notes)을 갖고 있다. 또 JP모건체이스에 25만1~50만달 러 규모의 계좌를 갖고 있는 것으로 나타났다.

오바마 부부는 지난해 공개한 자료에서는 2009년 기준으로 총 230만~770만달러 규모의 자산을 보유하고 있다고 신고한 바 있다.

자산공개보고서는 정확한 자산의 액수가 아닌 포괄적인 범위로 공개되고 있다.

이날 공개된 보고서에 따르면 오바마 대통령은 저서 인세로 수백만달러의 소득을 올린 것으로 나타났다.

오바마 대통령은 2008년 발간한 `담대한 희망' 인세로 10만1~100만달러의 수입 을 거뒀고, `내 아버지로부터의 꿈' 인세로는 100만1~500만달러 사이의 수입을 그동 안 올렸다.

앞서 오바마는 지난달 공개한 2010년 소득·세금 내역을 통해 지난해 172만8천 달러의 소득을 올려 이중 45만3천달러를 연방소득세로 납부했다고 밝힌 바 있다.

한편 조 바이든 부통령과 부인 질 바이든은 총 24만1천~89만4천달러 사이의 자 산을 갖고 있으며, 16만~45만달러 사이의 부채도 갖고 있다고 밝혔다.