Thursday, May 16, 2013

Obamanomics strike Barack and Michelle Obama...

The President and First lady's net worth has dropped by half?

Via The Daily Mail:
President Barack Obama and First Lady Michelle Obama held assets last year that were worth between $1.8 million and $6.8 million - almost half their top estimated wealth in 2010, financial documents revealed yesterday. 

They also revealed the President and First Lady have put aside a large portion of their wealth to ensure their daughters Malia, 14, and Saskia, 11, can go to college. 

They have saved between $200,000 to $400,000 in tax-advantaged 529 college savings accounts, the federal financial disclosure forms revealed.

There was no explanation for the steady decline in the top estimate of the Obamas net wealth. They were valued between $2.6 million and $8.2 million in 2011 and between $1.8 million and $12 million in 2010.

However, the couple still clearly have no reason to worry on the finance front. 

Read more here...

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