FX.co ★ Presidents are ordinary people after all

The financial disclosure form of American President Barack Obama was released the other day. It shows that even one of the most powerful men in the world has to pay the mortgage. Obama has a home loan taken in 2005. The loan totaling $500,000-$1 mln carries the presidential interest rate of 5.6% per year, which is higher than the current American rate for this period. The Obama family fortune is estimated at $1.9-$6.9 mln. The family’s income decreased by $172,000 comparing to the previous year. Mr. Obama is also concerned about the future education of his daughters Malia and Sasha, so he saved $400,000 for these needs. The President has $515,000 on his current account at the JPMorgan Chase bank. But the main part of his savings worth up to $5 mln is held in the U.S. Treasury notes. The world leader also invested his money in the reliable mutual funds.
It is important to note that the president’s income in the United States, which is one of the world powers, is four times less than the one in Ukraine. Viktor Yanukovych made a similar release declaring that his personal income totals $2.5 mln. This difference is explained by the fact that Yanukovych does not have any mortgage loans.