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President Obama’s Financial Disclosure

This article was written by in Personal Finance. 23 comments.

In a move should sound familiar to readers who have been with Consumerism Commentary since 2003 and to those who have noticed my monthly personal financial reporting, the President and Vice President have used the White House blog to provide updates on the financial condition about each of the Executive Branch families.

President Obama and his wife Michelle seem to prefer investing in the Vanguard FTSE Social Index Fund (VFTSX. Barack’s retirement fund, valued between $50,000 and $100,000, is invested solely in this fund although he is carrying a pension as well. Michelle’s retirement accounts are invested in VFTSX as well. This seems to be a smart choice for the family, with an expense ratio of 0.24%.

Barack also own between $1,000,000 and $5,000,000 in Treasury bills, and for the daughters Malia and Sasha, the Obamas have between $100,000 and $200,000 in Bright Directions 529 college savings plans.

Both the President and Vice President Joe Biden have substantial income from royalties paid by publishers for their books. In fact, right before taking office, Obama agreed to postpone writing his next book until he is no longer in office and to a $500,000 advance for the royalties (from 7.5% to 15% of U.S. sales) to be paid for a new, abridged version of Dreams From My Father for children.

Read the President’s financial disclosure here.
Read the Vice President’s financial disclosure here.

Published or updated May 15, 2009. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .

{ 9 comments… read them below or add one }

avatar the weakonomist

This transparency is very good. It must be nice to hold such conservative investments, but considering the pension they’ll get and all the speaking stuff they’ll do after the “president” gig I’d say they’re set.

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avatar Eric

Looks good…I’m impressed.

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avatar TJJ

Let me get this straight Mr Do-Right has between 95-98% of his money in Treasury bills. I did not include the education funds since it was not disclosed what they were invested in, and I considered that belonged to the kids.

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avatar TJJ

Yesterday, I could not get his investment choices out of my head. It is obvious that he does not need the money within the next few years. I assume he has greater access to the state of the economy than most. By not trusting to have at least 60% of his money in US stocks, he saying that the US stocks will surely tank even more during the next few years. This scares me a lot.

Since he is the world’s greatest leader, maybe we should all take his lead and get out of the US stock market like he has basically done.

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avatar Lynn

Of course they are set. I am sure their girls will go to school on some kind of scholarships too so the money in the 529 might be a waste. Hard to believe they have all their money in treasuries… hmmm. No wonder why he didn’t really care that the stock market tanked everytime he spoke during his first 100 days.

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avatar Clare K

Very interesting. It would be so sweet to have book royalties like that. I can’t wait to read his post-office book. And the girls are sooo set it’s not funny! That is an awful lot to hold in US debt, though.

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avatar PerDiem

I read in an article in the early 90s that Alan Greenspan also had all of his investments in Treasury bills. I guess to these people it is just politically correct that they stand on neutral ground and not favor any particular company.

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avatar TJJ

Than you are saying that investing in a Vanguard fund is a politically correct stand on neutral ground and does not favor any particular company.

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avatar Delores Flowers

To whom it may concern my name is Delores Flowers. My reason for writing to you is i was shot in 1979 i applyed for ssi i was turned down everytime i applyed. I was approved in 1985 but i was giving any money until 1989. I don’t understand why i did not get any money until 1989. I was shot in the head i have a bullet lodged at the tail end of my brain. I could niot do anything for myself for a very long time . I went to the police department in ask for my police record’s in they coluld not fine myrecords. I went to the hospital in ask for my records, they could not fine my records. I was only payfor one year i don’ understand why i did not get back pay from 1985? my phione number is

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