President Barack Obama and First Lady Michelle Obama held assets last year that were worth between $1.8 million and $6.8 million - almost half their top estimated wealth in 2010, financial documents revealed yesterday.
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There was no explanation for the steady decline in the top estimate of the Obamas net wealth. They were valued between $2.6 million and $8.2 million in 2011 and between $1.8 million and $12 million in 2010.
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Their largest jointly owned asset was Treasury notes worth $1 million-$5 million, while it was also revealed that they had $250,001-$500,000 in a JPMorgan Chase checking account.