The president of the United States, Barack Hussein Obama, only has $1,001 in his regular savings account at JPMorgan Chase according to their annual financial disclosure report released on Friday, May 15. The president and the first lady, Michelle Obama, have saved as much as $400,000 for Sasha and Malia’s college savings account. They are paying an interest rate of 5.625 percent on their home in Chicago’s Hyde Park. They haven’t refinanced since 2005 and owe between $500,001 and $1,000,000 on the note.
He lists two checking accounts with a balance of $51,002 and $115,000 — and retirement accounts worth at least $350,003.
Net worth: Their assets are worth at least $1.9 million — and perhaps as much as $6.9 million.
