How Wealthy are President Barack Obama and His Cabinet?

Open Secrets reports:

President Barack Obama may be the leader of the free world, but he’s far from the wealthiest person in his cabinet, according to research by the Center for Responsive Politics.

One of the many members of Obama's cabinet wealthier than he is his former presidential primary opponent and current Secretary of State, Hillary Clinton. Clinton’s estimated average net worth in 2010 was $31 million -- more than four times that of Obama’s $7.3 million -- making her among the wealthiest cabinet members.

Even Obama’s chiefs of staff are worth more than he is -- current chief of staff Bill Daley 's average net worth was an estimated $28.7 million last year, while Daley's predecessor, Rahm Emanuel, had an average worth of about $11.4 million in 2010.

The difference lies in assets and outside income.

Clinton, Emanuel, Daley and much of the executive branch leadership held positions in academia and business that brought them extra income before joining the cabinet, but it is their personal private sector investments and other non-salary assets that set them apart.

The modern Democrat party: the party of the bankocrats.