Nigerian politicians must read this: Obamas have less than $1,001 in cash savings but have socked away as much as $400,000 in their kids' college funds

Obama

President Obama and his wife Michelle have less than $1,001 in savings, according to their annual financial disclosure report released on Friday.

The modest sum is all that's left in the first family's JP Morgan account after putting away between $200,004 and $400,000 for daughters Sasha and Malia to go to college.

Their assets are worth at least $1.9 million – and perhaps as much as $6.9 million. 

But they're light years away from the net worth of Hillary and former president Bill Clinton, who have earned more than $30 million in speaking fees and book royalties alone in the past 16 months.

The Obamas also lack the real estate savvy that the Clintons showed in their Arkansas Whitewater Investment days. 

Read more: http://www.dailymail.co.uk/news/article-3083972/ONE-PERCENTERS-Obamas-releases-financial-disclosure-form-say-assets-worth-1-9-million-paying-absurdly-high-mortgage-rate.html#ixzz3aKtV5dxE