17 May '11, 4am

Assets held by US President Obama and his wife Michelle valued between $2.2 million and nearly $15 million

Assets held by US President Obama and his wife Michelle valued between $2.2 million and nearly $15 million

The White House says the assets held by President Barack Obama and Michelle Obama are valued between $1.8 million and nearly $12 million (between S$2.2 and S$15 million). -- PHOTO: AFP WASHINGTON - THE White House says the assets held by President Barack Obama and Michelle Obama are valued between $1.8 million and nearly $12 million (between S$2.2 and S$15 million). Financial disclosure documents released on Monday showed the assets for last year. The couple's assets, which include Treasury bonds and retirement accounts, were valued at a maximum of US$7.5 million in 2009. Assets are listed in wide ranges on the disclosure forms - for example, between US$1 million and US$5 million - making it difficult to determine their value with precision. Royalties from Obama's books, Dreams From My Father and Audacity of Hope, totalled between about US$1 million and US$6 million. -- AP

Full article: http://www.straitstimes.com/BreakingNews/World/Story/STIS...

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