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Summaries of the Presidential Candidates' Financial Disclosure Reports

By The Associated Press

Summaries of financial disclosure reports filed with the Federal Election Commission and the Senate. Candidates are not required to list their primary residence as an asset or a mortgage on that home as a liability.

DEMOCRATS:
Sen. Joe Biden, D-Del.
Earned income: $193,900.
Honoraria (all donated to charity): $800.
Major assets: Bank accounts and life insurance policies, $22,008-$155,000.
Major sources of unearned income: Life insurance dividends, $1,001-$2,500.
Major liabilities: Loan against life insurance policies, $15,001-$50,000; lines of credit, $114,002-$300,000; credit union note, $10,001-$15,000.
Narrative: Biden's income includes his $165,200 Senate salary and a $28,700 teaching stipend from Widener University.

His wife, Jill, teaches at Delaware Technical and Community College, but Biden is not required to report her salary. Jill Biden's assets, which include money market funds, real estate trusts and a pension fund, are worth $40,012-$250,000.

Biden's honoraria was for an appearance with comedian Bill
Maher. He has a contract to write a book and received $112,000,
half of his advance, from publisher Random House in 2005.
---
Sen. Christopher Dodd, D-Conn.
Earned income: $165,200
Honoraria (all donated to charity): None
Major assets: Credit union, bank account and money market fund worth $31,003-$115,000; cottage in County Galway, Ireland, worth $100,001-$250,000.
Major sources of unearned income: Rental income on Ireland cottage, $5,001-$15,000.
Major liabilities: Mortgage on Ireland cottage, $100,001-$250,000.
Narrative: According to their tax returns, Dodd and his wife, Jackie, had a combined income of $719,064.
Besides Dodd's salary, the amount includes director fees his wife earned for sitting on the boards of Blockbuster Inc., Cardiome Pharma Corp., the Chicago Board of Trade, Javelin Pharmaceuticals, Broodale Senior Living and Legacy Partners Group LCC.
It also includes a $30,000 advance Dodd received for a book, "Letters from Nuremberg." His father was a prosecutor in the
Nuremberg Trials.
His wife has money market funds, IRAs, stocks in companies including Blockbuster Inc. and stock options in Cardiome Pharma Corp. and Javelin Pharmaceutical Corp. worth $1.37 million-$3 million; she has land in Wasatch, Utah, worth $15,001-$50,000.
---
Former Sen. John Edwards, D-N.C.
Earned income (includes hedge fund salary, speaking fees and book royalties): $1.25 million.
Honoraria: None
Major assets: Edwards and his wife reported $29.5 million in stocks, bonds, nonresidential property and other investments. That includes millions invested through Fortress Investment Group, a hedge fund that employed Edwards. Edwards' largest holding was $5 million to $25 million in a money market fund, Columbia Cash Reserves.
Major sources of unearned income: Dividends and interest from investments of $5.9 million, including Fortress managed funds.
Major liabilities: Edwards listed a variable line of credit from Bank of America of $500,001 to $1 million and a mortgage on one of his Raleigh buildings worth between $15,001 and $50,000.
Narrative: The single biggest source of Edwards' income was $479,512 paid to him by Fortress Investment Group for part-time consulting. He also received $395,000 in speaking fees and $40,000 as director of the University of North Carolina Center on Poverty, Work and Opportunity. He also received $333,334 in proceeds form his book "Home: The Blueprints of Our Lives." He donated the royalties to charities, including the International Rescue Committee and Habitat for Humanity.
He also was active in charitable foundations in the name of his son, Wade, who was killed at age 16 in an auto accident.
---
Former Sen. Mike Gravel, D-Alaska
Earned income: None reported.
Honoraria: None.
Major assets: Checking and money market accounts and mutual fund worth $32,004-$130,000.
Major sources of unearned income: None.
Major liabilities: None.
Narrative: Gravel's wife, Whitney, has bank accounts, bonds, and stocks worth $85,015-$400,000 and received $22,280 from a fixed annuity. She is employed by a commercial real estate firm in Washington, the Bernstein Companies, but Gravel is not required to report her salary.
Gravel reported that he is owed $183,600 by Direct Democracy for services from 2002 to the first quarter of 2006.
---
Sen. Barack Obama, D-Ill.
Earned income (includes 2006 Senate salary and income from books): $737,690.
Honoraria: None. (senators must donate to charity.)
Major assets: Morgan Chase Asset Management Checking Account, $100,001-$250,000; Vanguard Wellington Fund, $100,001-$250,000. State of Illinois pension, $50,001-$100,000.
Major sources of unearned income: Vanguard Wellington Fund, $5,001-$15,000.
Major liabilities: None.
Narrative: Besides Obama's $165,200 Senate salary, he received royalties for one book and an advance for a second totaling $572,490. His memoir, "Dreams of My Father," published in 1995 and later reissued, earned $147,490. He received a $425,000 advance against royalties for his latest book, "The Audacity of Hope," published in October.
Obama is committed to publisher Random House to write one more book of nonfiction and a children's book.
His wife, Michelle, is a hospital administrator at University of Chicago Hospitals. She also has assets in her name with Vanguard Wellington Fund and Vanguard Wellesley Income Fund. In their 2006 tax return, made public this year, the couple reported $991,296 in total income.
---
Gov. Bill Richardson, D-N.M.
Honoraria: None.
Earned income (2006 and partial 2007 salary): $146,667.
Major assets: Residential real estate and undeveloped land in Santa Fe, N.M., worth $1.75 million-$6.5 million; bank accounts, IRAs, money market funds and stock in Diamond Offshore Drilling and Valero Energy Co., $1.75 million-$3.68 million.
Major sources of unearned income: Dividends, interest and capital gains, $112,710-$296,000; rental real estate income, $100,002-$200,000; book royalties, $15,001-$50,000.
Major liabilities: Mortgages on rental and undeveloped property, $150,002-$350,000.
Narrative: Richardson reported an agreement giving him stock options for serving on the board of directors of San Antonio-based Valero in 2001 and 2002; he would divest his interest in the stock if elected president.
Richardson's book royalties are from his autobiography, "Between Worlds: The Making of an American Life."
---
REPUBLICANS:
Sen. Sam Brownback, R-Kan.
Earned income (2006 salary): $165,200
Honoraria: None (senators must donate to charity).
Major assets: Blind trust, $1 million-$5 million; IRAs, checking account, money market fund and stock in companies including Verizon Communications Inc., AT&T Inc. and Coca-Cola Co., worth $539,024-$6.01 million; 335-acre grain farm in Kansas, $100,000-$250,000; condominium in Washington, D.C., $250,000-$500,000.
Major sources of unearned income: Blind trust dividends, interest and capital gains, $80,003-$200,000.
Major liabilities: Mortgage on the condominium, $100,000-$250,000.
Narrative: Brownback's wife, Mary, owns a limited liability partnership worth more than $1 million.
Brownback reported a $15,000 advance last year for a book, "From Power to Purpose: A Remarkable Journey of Faith and Compassion," about his upbringing and his softer-edged conservative worldview.
In all, the deal is worth $75,000 plus royalties; the money will be donated to a fund, started by the Brownbacks, that helps people pay for adoptions. Their daughter Jenna is from China and son Mark is from Guatemala; both were adopted in 1998.
The couple sold off investments in companies that do business with Sudan, saying that to the best of their knowledge, their portfolio no longer has such investments.
---
Former New York Mayor Rudy Giuliani, R-N.Y.
Earned income (includes salaries from partnerships and speaking fees): $16.1 million
Honoraria: None
Major assets: One third share in Giuliani & Co., a consulting firm, $5 million to $25 million; investments held jointly or only by his wife, Judith, in various IRAs, mutual funds and money markets, $13.1 million to $45.4 million.
Major sources of unearned income: Dividends and interest from investments, bank accounts, and money market accounts, $400,000 to $3.4 million.
Major liabilities: None
Narrative: Giuliani's earned income included $11.4 million for speeches. He reported that his net speaking fees totaled $9.2million after paying agents' fees. He also was paid $4.1 million by Giuliani & Co. and $1.2 million by his law partnership, Bracewell & Giuliani. He received $146,092 in royalties for his book "Leadership," an account of his role as mayor during and after the Sept. 11, 2001, terrorist attacks.
He is chairman of the advisory board of Leeds Equity Fund IV and is chairman of the advisory board of America's Camp Foundation, a nonprofit camp for children who lost a parent or sibling during the Sept. 11 attack or for the children of firefighters or law enforcement officers killed in the line of duty.
---
Former Gov. Mike Huckabee, R-Ark.
Honoraria: $138,500.
Earned income (2006 and partial 2007 salary): $316,035.
Major assets: Bank and credit union accounts, stock, shares, money market fund and retirement account worth 297,008-$780,000; shares in 12 Stops Inc., set up to handle book royalties, worth $50,001-$100,000.
Major sources of unearned income: State of Arkansas pension, $14,101. Bank accounts and other investments earned $9,906-$27,000. Business income from shares in Troufion Radio Network, $9,657.
Major liabilities: None.
Narrative: Huckabee's income includes his $74,146 salary last year as governor and his $40,000 salary as an officer of 12 Stops Inc., $161,889 in book sales and royalties and $40,000 in consulting fees from the National Association of Music Manufacturers.
His honoraria, received through 12 Stops Inc., were for 15 speeches to groups, including the late Rev. Jerry Falwell's Liberty University and Thomas Road Baptist Church; Prestonwood Baptist Church, whose pastor is former Southern Baptist Convention President Jack Graham, and health groups and companies, including The Cooper Institute and Novo Nordisk.
His book is called "From Hope to Higher Ground: 12 STOPS to Restoring America's Greatness."
Huckabee also serves on the boards of The Cooper Institute of Dallas and medical networking company Flagship Global Health in New York.
---
Rep. Duncan Hunter, R-Calif.
Earned income (2006 salary): $165,200.
Honoraria (all donated to charity): None.
Major assets: Cabin and land with a cabin in Warren County, Va., $200,000-$500,000; North Island Financial Credit Union account, $215,000-$550,000.
Major sources of unearned income: Credit union account interest, $6,000-$17,500.
Major liabilities: Two car loans from the Congressional Federal Credit Union totaling $30,000-$100,000; debt on three credit cards of $15,000-$50,000 each; and $15,000-$50,000 owed on a Southwest Airline credit card.
Narrative: Hunter's home east of San Diego burned down in 2003 during Southern California wildfires. He reports it is being rebuilt and values it at $500,000-$1 million.
Hunter's partner in his Blue Ridge Mountains cabin in Virginia is former Democratic Rep. Pete Geren of Texas. Hunter is on the board of the American Conservative Union.
---
Rep. Tom Tancredo, R-Col.
Earned income (2006 House salary): $165,200
Honoraria (all donated to charity): None
Major assets: Investments in various funds, including Agile Safety Fund, $530,000-$1.1 million.
Major Sources of unearned income: Agile Safety Fund, $15,000-$50,000.
Major liabilities: None.
Narrative: Tancredo, an outspoken advocate of stronger anti-immigration laws, reported royalties of $15,000-$50,000 for his 2006 book "In Mortal Danger - The Battle for America's Border Security."

(Copyright 2007 by The Associated Press. All Rights Reserved.)


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