Here's an fyi on Obama's finances...He's still very young and is not one of the wealthiest Senators...Barack Obama started with next to nothing...Yet, this guy is a superstar now and his recent book deal was quite rewarding...
Gannett News Service
June 16, 2005
HEADLINE: Obama's book deal outlined in disclosure
BYLINE: BILL THEOBALD
WASHINGTON -- Details of Illinois Sen. Barack Obama's $2.27 million book deal with Random House Inc. are included in his financial disclosure statement released Wednesday.
The freshman Democrat received a $1.9 million advance to write two non-fiction books and one children's book, according to the filing. He will donate $200,000 to charity.
In addition, Obama received a $370,000 advance for "Dreams From My Father," a 1995 book that was re-released and jumped to the top of best sellers' lists after Obama spoke at the Democratic National Convention last summer.
This is the first year Obama has had to file the report in which lawmakers must list their assets, income and debts in wide ranges. They do not include the value of lawmakers' primary residences.
Obama earned a total of $92,431 last year as a member of the Illinois legislature and a lecturer at the University of Chicago. He will earn $162,100 as a senator this year.
Obama listed as assets investment funds totaling between $200,000 and $400,000 and listed no major debts. |
