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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]].


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>[http://home.nas.com/lopresti/ps.htm ]{{dead link|date=September 2015}}</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>
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>


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]

George Washington, the wealthiest or second wealthiest U.S. President to date
Harry Truman, the poorest U.S. President since 1929
Widely considered one of the greatest U.S. Presidents, Abraham Lincoln was also one of the poorest in terms of net worth
Current president Barack Obama ranks 21st in wealth.

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

  1. ^ "Andrew Jackson". HISTORY.com. Retrieved 2015-09-18.
  2. ^ "Heritage Auctions Newsletter: George Washington, Landowner". Historical.ha.com. Retrieved 2015-09-18.
  3. ^ 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)
  4. ^ David Post, The Wealth of Presidents, The Georgetowner, February 7, 2012 (accessed January 20, 2015)
  5. ^ "James Garfield (1831-1881)". Thelatinlibrary.com. Retrieved 2015-09-18.
  6. ^ "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)
  7. ^ "Calvin Coolidge: Why are Republicans so obsessed with him?". Slate Magazine. Retrieved 2015-09-18.
  8. ^ "Answers - The Most Trusted Place for Answering Life's Questions". Answers.com. Retrieved 2015-09-18.
  9. ^ "Giving, by Bill Clinton". Ontheissues.org. Retrieved 2015-09-18.
  10. ^ McIntyre, Mike (5 April 2008). "Clintons Made $109 Million in Last 8 Years". The New York Times. Retrieved 15 August 2012.
  11. ^ a b c "Presidential Purses - TIME". Time.com. Retrieved 2015-09-18.