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What Does George Bush rake in? Find out how much
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Obama's Net Worth--2012 Updates

June 17, 2012
By Michael P. Delhomme, Contributing Columnist
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[Editor's note: Obama's net worth has plummeted based on Federal financial  
disclosures made on May 14, 2013. These disclosures are discussed in the
2013
updated to his net worth.]

This past year continues a slide in President Obama's earnings
that was evident last year.  According to their recently released
tax returns, the First Couple earned $844,585 in tax year 2011.

This compared with a joint income of $5,505, 409 in 2009 their
peak earnings year so far, and $1,795,314 in 2010.  

Year-over-year, the Obamas have seen their income drop by
$950,729. In percentage terms, the Obamas income has
dropped by a whopping 52.9%. What happened?

President Obama's wage income as President is fixed by statute,
and remains steady at $400,000. This past year, for example,
Obama reported wage income of $394,821.  

The cause of the Obamas overall income collapse are steeply
declining book sales.  In 2010, those sales accounted for
$1,382,889 in income. This past fiscal year, 2011, by contrast
saw Obama earning only $441,369. So, book sales have
plummeted by almost $1 million.

Why? Some journalists, who have seen advance copies of
Pulitzer Prize-winning reporter David Marannis'
much-anticipated Obama biography, have reported speculated
that
Obama has invented many of the events in his memoirs,
raising uncomfortable comparisons to the faux memoirs that
toppled writer James Frey.  Frey, as you may recall, was the
writer who was touted to stardom by Oprah Winfrey. After it
was revealed that Frey fabricated much of his  memoirs, an
infuriated Winfrey brought him on her show for a public
dressing down.  

Obama's memoirs sold well when they were regarded as factual
autobiography. If the decline in book sales is any indication of
America's waning fascination with President Obama, this does
not bode well for his chances of re-election in November of this
year.

Because the President's income declined this year and his
expenses did not, we did not add any additional amounts to his
estmated net worth.

The running tally starts at $11,057,249, the 2
010 estimate for
President Obamas net worth.


After subtracting the $278,498 in personal expenses (charitable
contributions, mortgage expense and local taxes from the $844
thousand in income, that leaves $566,087. We then subtracted
an estimated $150,000 in additional personal expenses such as
school tuition for their beautiful daughters (see calculations on
prior year's net worth here). Grand total disposable income
would then equal $416,087.

Thus, we add this amount to their net worth, bringing their
total current net worth to $11,473,336.








Barack Obama Current Net Worth (through December 31, 2011,
reflecting 2011 tax return data):

$11,473,336







Sources: Tax Returns, 2010, 2009, 2008, 2007, 2000-2006
released by Obama campaign and White House (2008, 2009,
President Obama 2010 tax return)














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Related: Obama Net Worth -2013/ Obama Net Worth -the Early
Years /What Politicians Make /Ten Signs You Are About to Be
Fired / The Sacred 90 Minutes in Obama's Day

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Only $150,000 now but win or lose
estimates for Obama's back-end
money are massive. His may earn over
$100 million after he leaves office
President Bush and Sarkozy of France
(in car) and Gordon Brown of the U.K..
Bush has a net worth of between $20
and $30 million. That will balloon if he
joins the lucrative speech and book
circuit that have earned the Clintons
$109 million since Bill Clinton left office.
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Obama's house in the Hyde Park section of Chicago has 7
bathrooms, 4 fireplaces and a wine cellar. The square
footage is listed as 6,199 square feet.  Obama bought the
home in June of 2005 for $1.65 million. We marked the
value down a bit to $1.5 million in light of the depressed US
housing market.


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