Saturday 16 December 2017

Books make millionaires of the Obamas

David Usborne in Washington

Now the nation knows. That doggy in the White House window is worth $1,600 (€1,300). But then he is part of a household that is worth many millions of dollars, according to the latest financial disclosures filed, as US law requires, by the First Couple, Barack and Michelle Obama.

The forms, posted on the internet, are a window into the not inconsiderable wealth of America's top family, generated partly by royalties from the president's two memoirs, 'Dreams of My Father' and 'The Audacity of Hope'. Last year, the books earned him between $2m (€1.6m) and $10m (€8.1m).

Vice President Joe Biden seems to have a much leaner financial cushion. His form reveals that he received a signed first edition of a James Joyce book, 'Anna Livia Plurabelle', from a fan last year worth $3,500 (€2,800).

Mr Obama's pet is also listed as a gift. He was presented to the Obamas by the late Senator Edward Kennedy. Also entered in the documents are the $1.4m (€800,000) Mr Obama received from the Nobel committee, which he gave to charity.

Under the Ethics in Government Act, all top federal officials are required to disclose their financial interests. (© Independent News Service)

Irish Independent

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