*President Barack Obama has a lot of money.
The Prez and his first lady, Michelle Obama, hold assets totaling between $2.6 million and almost $8.3 million, according to a recently released financial report.
In 2010, the couple’s assets were valued between $1.8 million and $12 million.
Since the presidential debates have heated up, Mitt Romney’s fortune has been under analysis as well.
The former Massachusetts governor is currently worth $190 to $250 million, most of his money being invested. Romney disclosed in his 2010 financial statements, which include offshore bank accounts.
Obama’s shows that he holds between $500,000 to 1 million in a JPMorgan Chase checking account.
The Wall Street firm recently lost $2 billion on bad trade decisions, causing a stir in the financial market.
Obama even criticized the bank, saying its loss is a testament that laws need to be enacted to protect consumers. He said in an interview with ABC’s “The View” that JPMorgan is “one of the best managed banks there is” and CEO Jamie Dimon is “one of the smartest bankers,” but even the best-run banks can make mistakes, underscoring the importance of the regulations.
The disclosure form requires public officials to list their assets in broad ranges, for example, between $1 million and $5 million, making it difficult to determine a precise net worth.
The president and first lady’s asset mix includes Treasury notes valued at between $1 million and $5 million, Treasury bills worth $500,000 and $1 million, along with retirement and checking accounts.
Royalties from Obama’s books, “Dreams From My Father,” ”The Audacity of Hope” and “Of Thee I Sing,” totaled between $250,000 and $2.1 million.
The Obamas have a 30-year mortgage on their Chicago home worth between $500,000 and $1 million with an interest rate of 5.625 percent.
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