President Obama accepted personal gifts worth $30,000 during his final year office, newly released disclosure forms reveal.
Obama took in eleven gifts, including including a five-volume set of his family genealogy from the president of the Church of Jesus Christ of Latter-day Saints — at a value of $8,300, the most expensive present of the bunch, the forms reveal.
The second most expensive gift was a “large wooden map case with vintage maps inside” from the National Geographic, worth $7,000.
Rounding out the top three was a framed photograph of boxer Muhammad Ali worth $5,250, given to him by comedian Whoopi Goldberg.
His haul also included:
Disclosure forms going back to 2010 reveal Obama did not receive gifts in prior years as president, the International Business Times reported.
The president is prohibited from taking gifts from “foreign governments and foreign officials without consent of Congress,” according to Congressional Research Services. However, “the president is generally free to accept unsolicited personal gifts from the American public.”
The forms also show that Obama in his last year as president became a member of two LLCs: Homefront Holdings LLC and Renegade 44 LLC, both of Washington, DC.
Additionally, the forms show that Obama took on between $500,000-$1,000,000 in debt in his final year in office — in the form of a promissory note to JPMorgan Chase Bank.
President George W. Bush’s also accepted exactly 11 gifts during his last year in office, according to disclosure forms, including a $359 “wireless reading device” from Vice President Cheney and a $3,000 business suit.
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