Obama's wealth has skyrocketed
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Obama is the least wealthy of the three major presidential candidates. But with advances and royalties from two bestselling books, Obama's assets were worth between $2.02 million and $7.35 million at the end of 2007, according to a public financial disclosure report filed with the Federal Election Commission.
At the end of 2006, Obama's holdings were worth $455,000 to $1.125 million. When he entered the U.S. Senate in 2005, he reported assets worth between $200,000 and $400,000.
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Obama's money is mostly invested conservatively in Treasury notes and bond funds, one of which was worth $1 million to $5 million, according to the forms, which require the disclosure of a range of values.
His mutual funds include so-called socially responsible funds, screened to meet certain "social and environmental criteria."
Those funds have major stock holdings in such banking and technology companies as Bank of America and Google, along with McDonald's, Walt Disney and CVS Caremark.
Obama last month released his most recent tax return, which shows that he and his wife, Michelle, earned $4.2 million in 2007, driven primarily by book sales.
His 2006 income was less than $1 million.
http://www.latimes.com/news/politics/la-na-money17-2008may17,0,3496427.story
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