Monday, November 29, 1999

Obama reports wealth of up to $7.7 million

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U.S. President Barack Obama's wealth in 2009 totaled between $2.3 million and $7.7 million, financial disclosure forms showed on Monday.The records also show the Obama family dog, Bo, is worth $1,600. The Portuguese water dog was a gift to Obama, his wife Michelle and their two children from the late Senator Edward Kennedy.The records showed the Obamas had some retirement savings accounts with the mutual fund company Vanguard and checking accounts at J.P. Morgan Chase and Northern Trust. The also own Treasury bills and notes.In addition, the couple have college savings accounts for their daughters Malia, 11, and Sasha, 8.The figures do not include the value of their home in Chicago.Much of Obama's wealth comes from royalties from his two best-selling books -- "Dreams from My Father" and "Audacity of Hope" -- both of which were published before he became president.U.S. Vice President Joseph Biden and his wife, Jill, reported wealth excluding their home of $155,000 to $679,000.Tax returns for the Obamas for 2009, made public in April, showed they earned $5.5 million, mostly from book royalties. The Bidens reported income in 2009 of $333,182.(Writing by Caren Bohan; Editing by John O'Callaghan)

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