Friday, 18 May 2012

World's most powerful man is worth only Rs 43.3 crore


US President Barack Obama addresses joint news conference in the East Room of the White House in Washington


United States President Barack Obama's estimated assets for the last year are valued at $8 million (Rs 43.3 crore), his latest annual financial disclosure forms show and he has up to $1 million (Rs 5.4 crore) in the JP Morgan Chase, the bank which is under the Federal Bureau of Investigation scanner.

The FBI investigation into J P Morgan Chase started after the bank last week revealed that it lost some $2 billion (Rs 10.8 crore) in a risky hedge.
In an interview, which was telecast on Tuesday, Obama identified it as one of the best-managed banks

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