List of presidents of the United States by net worth: Difference between revisions
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'''The wealth of Presidents of the United States''' has varied considerably, with one president ([[George Washington]]) being worth more than half a billion in 2010 dollars, while some others were not [[millionaires]]. |
'''The wealth of Presidents of the United States''' has varied considerably, with one president ([[George Washington]]) being worth more than half a billion in 2010 dollars, while some others were not [[millionaires]]. |
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Most U.S. Presidents before 1845 were extremely [[wealth]]y, including [[Andrew Jackson]], who was born into [[poverty]],<ref>{{cite web|url=http://www.history.com/topics/andrew-jackson|title=Andrew Jackson|work=HISTORY.com|accessdate=2015-09-18}}</ref> and [[George Washington]], the richest of the period, but by no means were all early Presidents rich. Many of these early presidents were [[landowners]], and some of them owned [[plantations in the American South|plantations]], including their own [[slaves]].<ref>{{cite web|url=http://historical.ha.com/common/newsletter.php?inFrame=yes&id=3594&date=&type=histnews-tem120511|title=Heritage Auctions Newsletter: George Washington, Landowner|work=Historical.ha.com|accessdate=2015-09-18}}</ref><ref> |
Most U.S. Presidents before 1845 were extremely [[wealth]]y, including [[Andrew Jackson]], who was born into [[poverty]],<ref>{{cite web|url=http://www.history.com/topics/andrew-jackson|title=Andrew Jackson|work=HISTORY.com|accessdate=2015-09-18}}</ref> and [[George Washington]], the richest of the period, but by no means were all early Presidents rich. Many of these early presidents were [[landowners]], and some of them owned [[plantations in the American South|plantations]], including their own [[slaves]].<ref>{{cite web|url=http://historical.ha.com/common/newsletter.php?inFrame=yes&id=3594&date=&type=histnews-tem120511|title=Heritage Auctions Newsletter: George Washington, Landowner|work=Historical.ha.com|accessdate=2015-09-18}}</ref><ref>{{cite web|url=http://home.nas.com/lopresti/ps.htm |accessdate=August 15, 2012 |deadurl=yes |archiveurl=http://web.archive.org/web/20120810184715/http://home.nas.com:80/lopresti/ps.htm |archivedate=August 10, 2012 }}</ref> At the time of his death, Washington’s land, slaves, house, horses and personal belongings were worth about $525,000, estimated to be the equivalent of $525 million in 2012.<ref>David Post, [http://www.georgetowner.com/articles/2012/feb/07/wealth-presidents/ The Wealth of Presidents], ''The Georgetowner,'' February 7, 2012 (accessed January 20, 2015)</ref> |
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The Presidents of the late 19th century and of the 1920s were generally not very wealthy, despite the widespread belief that their [[economic policies]] benefited the wealthy the most.<ref>{{cite web|url=http://www.thelatinlibrary.com/chron/civilwarnotes/garfield.html|title=James Garfield (1831-1881)|work=Thelatinlibrary.com|accessdate=2015-09-18}}</ref><ref>{{cite web|url=http://www.pbs.org/wgbh/americanexperience/features/biography/presidents-coolidge/|title=30. Calvin Coolidge . The Presidents . WGBH American Experience - PBS|work=Pbs.org|accessdate=2015-09-18}}</ref><ref>{{cite web|url=http://www.slate.com/articles/life/history_lesson/2011/11/calvin_coolidge_why_are_republicans_so_obsessed_with_him_.html|title=Calvin Coolidge: Why are Republicans so obsessed with him?|work=Slate Magazine|accessdate=2015-09-18}}</ref> Many of these were born into poor or middle-class families and did not move up the economic ladder significantly during their lifetimes, even though [[List of Presidents of the United States by military service|a number of them served as generals]] in the U.S. Army.<ref>{{cite web|url=http://www.answers.com/topic/abraham-lincoln|title=Answers - The Most Trusted Place for Answering Life's Questions|work=Answers.com|accessdate=2015-09-18}}</ref> |
The Presidents of the late 19th century and of the 1920s were generally not very wealthy, despite the widespread belief that their [[economic policies]] benefited the wealthy the most.<ref>{{cite web|url=http://www.thelatinlibrary.com/chron/civilwarnotes/garfield.html|title=James Garfield (1831-1881)|work=Thelatinlibrary.com|accessdate=2015-09-18}}</ref><ref>{{cite web|url=http://www.pbs.org/wgbh/americanexperience/features/biography/presidents-coolidge/|title=30. Calvin Coolidge . The Presidents . WGBH American Experience - PBS|work=Pbs.org|accessdate=2015-09-18}}</ref><ref>{{cite web|url=http://www.slate.com/articles/life/history_lesson/2011/11/calvin_coolidge_why_are_republicans_so_obsessed_with_him_.html|title=Calvin Coolidge: Why are Republicans so obsessed with him?|work=Slate Magazine|accessdate=2015-09-18}}</ref> Many of these were born into poor or middle-class families and did not move up the economic ladder significantly during their lifetimes, even though [[List of Presidents of the United States by military service|a number of them served as generals]] in the U.S. Army.<ref>{{cite web|url=http://www.answers.com/topic/abraham-lincoln|title=Answers - The Most Trusted Place for Answering Life's Questions|work=Answers.com|accessdate=2015-09-18}}</ref> |
Revision as of 11:10, 26 February 2016
The wealth of Presidents of the United States has varied considerably, with one president (George Washington) being worth more than half a billion in 2010 dollars, while some others were not millionaires.
Most U.S. Presidents before 1845 were extremely wealthy, including Andrew Jackson, who was born into poverty,[1] and George Washington, the richest of the period, but by no means were all early Presidents rich. Many of these early presidents were landowners, and some of them owned plantations, including their own slaves.[2][3] At the time of his death, Washington’s land, slaves, house, horses and personal belongings were worth about $525,000, estimated to be the equivalent of $525 million in 2012.[4]
The Presidents of the late 19th century and of the 1920s were generally not very wealthy, despite the widespread belief that their economic policies benefited the wealthy the most.[5][6][7] Many of these were born into poor or middle-class families and did not move up the economic ladder significantly during their lifetimes, even though a number of them served as generals in the U.S. Army.[8]
U.S. presidents since 1929 (when Herbert Hoover took office) have generally been wealthier than before; all except Harry Truman were millionaires, and John F. Kennedy, in 24/7 Wall St.'s valuation, was almost twice as wealthy as George Washington. These presidents have often received income from autobiographies and other writing;[9] other than John F. Kennedy, all presidents beginning with Calvin Coolidge have written autobiographies. In addition, many presidents received considerable income from public speaking after retirement, such as Bill Clinton.[10]
As indicated in the table, four of the five richest U.S. presidents since 1929 were Democrats. The poorest U.S. president since 1929 (Harry Truman) was also a Democrat.[11]
The figures in the table below are all from 24/7 Wall St.'s 2010 valuation of each president's peak net worth. To allow direct comparison, all of the figures have been adjusted for inflation to 2010 dollars.
Name | Net worth (in millions of 2010 U.S. dollars)[11] | Political party[11] | Years in office | Lifespan |
---|---|---|---|---|
John F. Kennedy | 1,000 | Democratic | 1961–1963 | 1917–1963 |
George Washington | 525 | None | 1789–1797 | 1732–1799 |
Thomas Jefferson | 212 | Democratic-Republican | 1801–1809 | 1743–1826 |
Theodore Roosevelt | 125 | Republican | 1901–1909 | 1858–1919 |
Andrew Jackson | 119 | Democratic | 1829–1837 | 1767–1845 |
James Madison | 101 | Democratic-Republican | 1809–1817 | 1751–1836 |
Lyndon Johnson | 98 | Democratic | 1963–1969 | 1908–1973 |
Herbert Hoover | 75 | Republican | 1929–1933 | 1874–1964 |
Franklin D. Roosevelt | 60 | Democratic | 1933–1945 | 1882–1945 |
Bill Clinton | 55 | Democratic | 1993–2001 | 1946–present |
John Tyler | 51 | Whig | 1841–1845 | 1790–1862 |
James Monroe | 27 | Democratic-Republican | 1817–1825 | 1758–1831 |
Martin Van Buren | 26 | Democratic | 1837–1841 | 1782–1862 |
Grover Cleveland | 25 | Democratic | 1885–1889 1893–1897 |
1837–1908 |
George H. W. Bush | 23 | Republican | 1989–1993 | 1924–present |
John Quincy Adams | 21 | Democratic-Republican | 1825–1829 | 1767–1848 |
George W. Bush | 20 | Republican | 2001–2009 | 1946–present |
John Adams | 19 | Federalist | 1797–1801 | 1735–1826 |
Richard Nixon | 15 | Republican | 1969–1974 | 1913–1994 |
Ronald Reagan | 13 | Republican | 1981–1989 | 1911–2004 |
James K. Polk | 10 | Democratic | 1845–1849 | 1795–1849 |
Dwight Eisenhower | 8 | Republican | 1953–1961 | 1890–1969 |
Barack Obama | 7 | Democratic | 2009–present | 1961–present |
Gerald Ford | 7 | Republican | 1974–1977 | 1913–2006 |
Jimmy Carter | 7 | Democratic | 1977–1981 | 1924–present |
Zachary Taylor | 6 | Whig | 1849–1850 | 1784–1850 |
William Henry Harrison | 5 | Whig | 1841–1841 | 1773–1841 |
Benjamin Harrison | 5 | Republican | 1889–1893 | 1833–1901 |
Millard Fillmore | 4 | Whig | 1850–1853 | 1800–1874 |
Rutherford B. Hayes | 3 | Republican | 1877–1881 | 1822–1893 |
William Howard Taft | 3 | Republican | 1909–1913 | 1857–1930 |
Franklin Pierce | 2 | Democratic | 1853–1857 | 1804–1869 |
William McKinley | 1 | Republican | 1897–1901 | 1843–1901 |
Warren G. Harding | 1 | Republican | 1921–1923 | 1865–1923 |
James Buchanan | <1 | Democratic | 1857–1861 | 1791–1868 |
Abraham Lincoln | <1 | Republican | 1861–1865 | 1809–1865 |
Andrew Johnson | <1 | National Union/Democratic | 1865–1869 | 1808–1875 |
Ulysses S. Grant | <1 | Republican | 1869–1877 | 1822–1885 |
James Garfield | <1 | Republican | 1881–1881 | 1831–1881 |
Chester A. Arthur | <1 | Republican | 1881–1885 | 1829–1886 |
Woodrow Wilson | <1 | Democratic | 1913–1921 | 1856–1924 |
Calvin Coolidge | <1 | Republican | 1923–1929 | 1872–1933 |
Harry S. Truman | <1 | Democratic | 1945–1953 | 1884–1972 |
References
- ^ "Andrew Jackson". HISTORY.com. Retrieved 2015-09-18.
- ^ "Heritage Auctions Newsletter: George Washington, Landowner". Historical.ha.com. Retrieved 2015-09-18.
- ^ http://web.archive.org/web/20120810184715/http://home.nas.com:80/lopresti/ps.htm. Archived from the original on August 10, 2012. Retrieved August 15, 2012.
{{cite web}}
: Missing or empty|title=
(help); Unknown parameter|deadurl=
ignored (|url-status=
suggested) (help) - ^ David Post, The Wealth of Presidents, The Georgetowner, February 7, 2012 (accessed January 20, 2015)
- ^ "James Garfield (1831-1881)". Thelatinlibrary.com. Retrieved 2015-09-18.
- ^ "30. Calvin Coolidge . The Presidents . WGBH American Experience - PBS". Pbs.org. Retrieved 2015-09-18.
{{cite web}}
: horizontal tab character in|title=
at position 23 (help) - ^ "Calvin Coolidge: Why are Republicans so obsessed with him?". Slate Magazine. Retrieved 2015-09-18.
- ^ "Answers - The Most Trusted Place for Answering Life's Questions". Answers.com. Retrieved 2015-09-18.
- ^ "Giving, by Bill Clinton". Ontheissues.org. Retrieved 2015-09-18.
- ^ McIntyre, Mike (5 April 2008). "Clintons Made $109 Million in Last 8 Years". The New York Times. Retrieved 15 August 2012.
- ^ a b c "Presidential Purses - TIME". Time.com. Retrieved 2015-09-18.