The president reported several million dollars in assets, mostly in mutual funds. His press secretary, Jay Carney, said Obama and Vice President Joe Biden, who also released a disclosure form, have no financial conflicts of interest.
Obama said his 1995 memoir, "Dreams From My Father: A Story of Race and Inheritance," brought in between $100,000 and $1 million in royalties in 2012 as did his 2009 children's book, "Of Thee I Sing," written before he became president. "The Audacity of Hope," published in 2006 is less lucrative, earning between $50,000 and $100,000 in 2012.
Biden's forms showed his assets are smaller than the president's, mostly amounts of a few thousand dollars in a range of mutual funds and bank accounts. His book royalties are also close to zero.