First Dog, Value $1,600

Barack Obama inherited up to $500,000 from his grandmother, former Seattleite Madelyn Dunham, helping push his personal asset wealth to a

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Obama's Inheritance, Two Books, and a Dog Make President a Modest Multi-millionaire

First Dog, Value $1,600

Barack Obama inherited up to $500,000 from his grandmother, former Seattleite Madelyn Dunham, helping push his personal asset wealth to a somewhat modest $2.5 million or more, according to a just-released White House financial-disclosure statement.

The inheritance is second in approximate value only to the $1-million-plus royalties he is receiving on each of two books, and remains in a bank in Hawaii where Obama was born (according to the state's Republican governor), and where Dunham died two days before Obama's election in 2008.

Obama's mother Stanley Ann Dunham grew up on Mercer Island, where Madelyn and Stanley Dunham lived before moving to Hawaii. Grandfather Stanley made his money as a Seattle furniture salesman and Madelyn, who helped raise Barack in Hawaii, was a bank vice-president.

Propublica notes a "few fun facts" from Obama's disclosure form: Under "Gifts, Reimbursements, and Travel Expenses," the "Nobel Medal and diploma" have the notation, "Value not readily ascertainable." But "Portuguese water dog named 'Bo,'" on the other hand, is listed as worth $1,600.

 
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