WASHINGTON (Reuters) - President George W. Bush held assets worth $7.5 million to $20 million last year, but was eclipsed by his vice president’s wealth, financial records released on Tuesday showed.

Bush’s assets included his 1,600-acre ranch in Texas, valued at $1 million to $5 million, where he usually spends his vacations.

He also reported assets of $775,689 from a limited liability company organized in 2003 to produce trees for commercial sales, which were expected in 2007.

Among his holdings were certificates of deposit, Treasury notes, a qualified diversified trust, and $116,000 assets of the GWB Rangers Corp., which is wholly owned by Bush from when he was co-owner of the Texas Rangers baseball team.

Cheney reported assets valued at $21 million to around $100 million. Cheney gained much of his wealth from his former role heading oil service firm Halliburton Co..

Cheney’s largest holdings included investments in an American Century Investments International Bond Fund and a Vanguard short-term tax-exempt fund. He has 100,000 Halliburton stock options that are unexercised and designated for charity.

The financial disclosure statements only give the value of assets in ranges.

Bush reported gifts totaling $12,364 last year, including three separate sets of fishing equipment.

More at Reuters