Americans are most forgiving of their former Presidents. When they leave office, most people forget about all the shenanigans and sweet heart arrangements. On the surface, Obama looks like a relative novice when compared to the Bushes and Clintons. Hey, give him a little slack. He is just ready to get started. By any evaluation, the net worth of the Obama’s is mere chump change from the rarified air of the Trump Towers. Making money at the end of the office term is understandable. Few folks would expect Obama to be the next Jimmy Carter, when he has to pay for his own golf vacations.
So what is the financial background on Barry Soetoro? An answer to that query would go a long way to expose his true origins and his meteoric rise to bring him into the millionaire class.
On the high end Barack Obama Net Worth contends that “The 44th president of the United States, author and the most popular person in the world, Barack Hussein Obama II, has an estimated net worth of $12.2 million. Excluding the $1.4 million in Nobel Prize money he donated to charity and his primary home.”
Based upon a wide range of appraisals, Barack Obama Net Worth has a “net worth is estimated to be in the millions, $12.2 million according to Celebrity Net Worth and $6 million according to Forbes.” USA Today chimes in, Obama could be worth as much as $6.9 million, “President Obama’s net worth is roughly $2 million to $7 million, according to an annual disclosure released Friday — a broad estimate that is mostly unchanged from last year.”
That’s a nice figure to accept, even if the range is so wide. Just how did he acquire this wealth while making a salary of $400,000 a year as President?
The Independent Journal provides some additional information that states, Barack Obama’s Net Worth Has Risen 438% Since Running for President.
“According to financial disclosure reports, President Obama has an estimated net worth of $7 million dollars.
Since he was worth $1.3 million in 2007, that makes the millionaire 438% more wealthy than when he first ran for office.
As reported by the International Business Times:
President Barack Obama and first lady Michelle Obama listed assets worth between $2 million and $7 million for 2013, of which $1 million to $5 million were in Treasury notes, according to financial disclosure forms released Thursday.”
Between one to five million in Treasuries is an interesting figure. Even more so, Open Secrets in How Wealthy are President Barack cite an even larger top end sum. “As of the end of 2010, Obama also held somewhere between $2.1 million and $10.2 million of Uncle Sam’s debt, in the form of U.S. Treasury bills and notes.”
It is really amazing how much leeway the POTUS have when reporting their financial assets. By any of these measures, the IRS would certainly ask some embarrassing question about where the money came from to buy into the national debt. Nonetheless, we all know that audits during his administration are reserved for the loyal opposition.
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