Wednesday, September 12, 2012

How Barack Obama Made His Fortune

Business Insider gives a nice summary of how Barack Obama became wealthy.  With a net worth estimated to be between $3-11 million, he's not Mitt Romney wealthy, but the Obama's have still done VERY well.  The short story is President Obama has made most of his fortune from sales of books he's written.  Book sales were very good before running for president, but sky-rocketed during his win in 2008.  

I was interested to also learn where the Obama's invest their money.  While the majority of the Obama wealth is invested in US Treasury bonds, a significant portion is invested in Vanguard Mutual Funds.  I too have most of my assets invested with Vanguard Funds or ETFs, and recommend that most people do the same. 

1 comment:

  1. Shouldn't an American's President's money be in a blind trust or the like?