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| At $5 mn, Obama 'poorest' US Presid |
| At $5 mn, Obama 'poorest' US Presidents in 57 yrs
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| UNITED STATES OF AMERICA
, 26-May-2010
10:12:18 AM |
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He may be heading the world's largest economy, but US President Barack Obama's personal net worth is just USD five million - the lowest for any American President in five decades.
The last time a US President had a lower net worth than Obama was Harry Truman (1945-53) with less than USD 1 million, as per a list compiled by The Atlantic magazine.
"Obama is the grandson of a goat herder. He is a former constitutional law professor and civil rights attorney. Book royalties constitute most of Obama's net worth," the US magazine said.
Till now, the US, whose GDP is USD 13 trillion, has seen 44 Presidents and net worth for each was calculated in "2010 dollar" rate, for the list.
Obama, who took over as the President in 2008, has fortunes to the tune of USD five million. In comparison, George W Bush, who was the President from 2001-08, had a net worth of USD 20 million while his predecessor Bill Clinton's fortune is estimated to be worth USD 38 million
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