Obamas' 2006 Income Put at $991,296

[Omaha Steve]

Source: Associated Press

Obamas' 2006 Income Put at $991,296
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Apr 16, 8:53 PM (ET)

By DENNIS CONRAD

WASHINGTON (AP) - The annual income for Illinois Sen. Barack Obama and his wife dropped about $680,000 in 2006 from the nearly $1.7 million they took in the prior year, according to documents released Monday.

Information released by the Chicago Democrat's presidential campaign indicated that the Obamas' total income decreased because in 2005 they had a major book deal and a one-time bonus.

Their 2006 income of $991,296 included Obama's salary of $157,082 and his wife's administrator's pay of $273,618 from the University of Chicago Hospitals and $51,200 in director fees from a food distributor, TreeHouse Inc.


Democratic presidential hopeful Sen. Barack Obama, D-Ill., speaks at a Women for Obama luncheon in Chicago, Monday, April 16, 2007. (AP Photo/Charles Rex Arbogast)

Most of the income, $506,618, came from Obama's royalties on two books that became best-sellers, including one published last fall, "The Audacity of Hope: Reclaiming the American Dream."

Read more: http://apnews.excite.com/article/20070417/D8OI1LPG0.html

[Colobo]

1. Glad to see them doing well financially!

[damntexdem]

2. Ah, I'm disappointed in him: not even a millionaire. (Not quite.)

;-)

[karynnj]

3. He is very likely a millionaire

That's what he earned last year - not his net worth.

[Hekate]

4. Another successful Dem who started without a family fortune; good for them.

Not that I don't appreciate the Kerrys and Kennedys and so forth -- I really do admire their devotion to public service, and am grateful to have them on our side.

But it's always nice to see someone like Barack Obama and John Edwards rise to the top by their own efforts.

And it's fine by me if they want to build themselves a really big house, too. ;-)

Hekate