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. Last Updated: 07/27/2016

Bush's Asset Portfolio Valued at $20.9M

U.S. President George W. Bush and his wife, Laura, had assets valued between $7.2 million and $20.9 million last year, up from as much as $18.1 million a year earlier, annual disclosure forms released last night showed.

Bush, who says his economic policies have helped Americans increase their wealth, is still making up ground from the start of his first term in 2001, when he and his wife reported assets of as much as $24 million.

U.S. Vice President Dick Cheney disclosed a portfolio worth as much as $94.6 million in 2005.

Most of the Bushes' wealth was in real estate and a diversified trust, which combined were worth as much as $10 million, the 18-page statement showed. Much of the rest of their holdings were U.S. Treasury notes and certificates of deposit.

The 641-hectare Bush ranch near Crawford, Texas, was estimated to be worth between $1 million and $5 million, the same range given in last year's filing. Bush also disclosed a health savings account worth as much as $15,000 and a retirement plan from his days as Texas governor valued at as much as $250,000.

Bush, 59, reported receiving gifts including a $400 pair of binoculars from Cheney and his wife, Lynne; an iPod music player and a book titled "The Message: The Bible in Contemporary Language," written by Eugene H. Peterson, from U2 lead singer Bono.

Bush paid $187,768 in taxes on taxable income last year of $618,694, according to returns the White House released April 14. The president's salary last year was $400,000.

Bush made his fortune as part-owner of the Texas Rangers major league baseball team.