Page protected with pending changes

List of presidents of the United States by net worth

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

Donald Trump, incumbent and wealthiest U.S. president[1][2]
George Washington, the first U.S. president and second-wealthiest president
Abraham Lincoln, one of the poorest presidents in terms of net worth.
Truman had several failed business ventures and debts that took him very close to bankruptcy. He and his wife were also the first recipients of [[Medicare]] after it was signed into law.
Harry S. Truman, the most recent president who was not a millionaire at some point in his life.

The peak wealth of the presidents of the United States has varied considerably. Debt and depreciation often meant that a president's net worth was less than $0 at the time of his death.[3] Most presidents before 1845 were extremely wealthy, especially Andrew Jackson (who was born into poverty)[4] and George Washington. Many early presidents were landowners, and some of them owned plantations and slaves.[5][6]

Presidents since 1929, when Herbert Hoover took office, have generally been wealthier than presidents of the late nineteenth and early twentieth centuries; with the exception of Harry S. Truman, all presidents since this time have been millionaires. These presidents have often received income from autobiographies and other writing.[7] Except for Franklin D. Roosevelt and John F. Kennedy (both of whom died while in office), all presidents beginning with Calvin Coolidge have written autobiographies. In addition, many presidents—including Bill Clinton—have earned considerable income from public speaking after leaving office.[8][9]

The richest president in history is believed to be Donald Trump, who is often considered the first billionaire president.[10][11] His net worth, however, is not precisely known because the Trump Organization is privately held.[10][11]

Truman was the poorest U.S. president, with a net worth considerably less than $1 million. His financial situation contributed to the doubling of the presidential salary to $100,000 in 1949.[12] In addition, the presidential pension was created in 1958 when Truman was again experiencing financial difficulties.[13] Truman and his wife, Bess Truman, received the first Medicare Cards in 1966 via the Social Security Act of 1965.[14]

List of presidents by peak net worth[edit]

The figures in the table below are all derived from 24/7 Wall St.'s 2016 valuation of each president's peak net worth. For purposes of 24/7 Wall St.'s valuation, a president's peak net worth may occur after that president has left office.[15] To allow for a direct comparison, all of the figures have been adjusted for inflation to 2016 U.S. dollars.

Name Net worth
(in mil. of 2016 US$)[15]
Political party[16] Years in office Lifespan
Donald Trump 4,500[nb 1][17][18] Republican 2017–present born 1946
George Washington 587 None/Independent 1789–1797 1732–1799
Thomas Jefferson 236 Democratic-Republican 1801–1809 1743–1826
Theodore Roosevelt 139 Republican 1901–1909 1858–1919
Andrew Jackson 132 Democratic 1829–1837 1767–1845
James Madison 113 Democratic-Republican 1809–1817 1751–1836
Lyndon B. Johnson 109 Democratic 1963–1969 1908–1973
Herbert Hoover 83 Republican 1929–1933 1874–1964
Bill Clinton 75 Democratic 1993–2001 born 1946
Franklin D. Roosevelt 66 Democratic 1933–1945 1882–1945
John Tyler 57 Whig / None 1841–1845 1790–1862
Barack Obama 40 Democratic 2009–2017 born 1961
George W. Bush 39 Republican 2001–2009 born 1946
James Monroe 30 Democratic-Republican 1817–1825 1758–1831
Martin Van Buren 29 Democratic 1837–1841 1782–1862
Grover Cleveland 28 Democratic 1885–1889
1893–1897
1837–1908
George H. W. Bush 26 Republican 1989–1993 1924–2018
John Quincy Adams 23 Democratic-Republican 1825–1829 1767–1848
John Adams 21 Federalist 1797–1801 1735–1826
Richard Nixon 17 Republican 1969–1974 1913–1994
Ronald Reagan 14 Republican 1981–1989 1911–2004
James K. Polk 11 Democratic 1845–1849 1795–1849
John F. Kennedy 10[nb 2] Democratic 1961–1963 1917–1963
Dwight D. Eisenhower 9 Republican 1953–1961 1890–1969
Gerald Ford 8 Republican 1974–1977 1913–2006
Jimmy Carter 8 Democratic 1977–1981 born 1924
Zachary Taylor 7 Whig 1849–1850 1784–1850
William Henry Harrison 6 Whig 1841–1841 1773–1841
Benjamin Harrison 6 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 / National Union 1861–1865 1809–1865
Andrew Johnson <1 National Union / Democratic 1865–1869 1808–1875
Ulysses S. Grant <1 Republican 1869–1877 1822–1885
James A. 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

See also[edit]

Notes[edit]

  1. ^ While Trump has claimed to be worth as much as $10 billion, his financial disclosure and campaign statements vary. Forbes estimated his net worth at $4.5 billion in 2015.[15]
  2. ^ "Although he never inherited his father’s fortune, the Kennedy family estate was worth nearly $2 billion. His own personal net worth at the time is calculated to be around $10 million."[15]

References[edit]

  1. ^ FOXBusiness (11 Feb 2020). "The 5 richest US presidents of all time". Fox Business.
  2. ^ Porter, Tom; Rogers, Taylor Nicole (4 Mar 2020). "12 of the richest US presidential candidates in history". Business Insider.
  3. ^ Wilson, Gaye. "Monticello Was among the Prizes in a Lottery for a Ruined Jefferson's Relief". www.history.org. Archived from the original on April 9, 2017. Retrieved April 16, 2017.
  4. ^ "Andrew Jackson". HISTORY.com. Archived from the original on 2013-09-27. Retrieved 2015-09-18.
  5. ^ "Heritage Auctions Newsletter: George Washington, Landowner". Historical.ha.com. Retrieved 2015-09-18.
  6. ^ "How many presidents owned slaves?". Archived from the original on August 10, 2012. Retrieved August 15, 2012.
  7. ^ "Giving, by Bill Clinton". Ontheissues.org. Archived from the original on 2015-10-04. Retrieved 2015-09-18.
  8. ^ McIntyre, Mike (5 April 2008). "Clintons Made $109 Million in Last 8 Years". The New York Times. Archived from the original on 4 November 2013. Retrieved 15 August 2012.
  9. ^ Tonner, Andrew (Nov 20, 2016). "The 10 Richest U.S. Presidents -- The Motley Fool". The Motley Fool. Archived from the original on March 13, 2017. Retrieved April 16, 2017.
  10. ^ a b Rebecca Seales, Eight ways President Donald Trump will make history Archived 2018-06-12 at the Wayback Machine, BBC News (January 21, 2017).
  11. ^ a b Leada Gore, Donald Trump's net worth as he takes office and Barack Obama's as he leaves Archived 2018-01-09 at the Wayback Machine, AL.com (January 19, 2017).
  12. ^ "The 8 poorest US presidents". www.msn.com. Retrieved 2019-05-03.
  13. ^ Isidore, Chris (2017-01-20). "Here's how much Obama's pension is worth". CNNMoney. Archived from the original on 2019-05-03. Retrieved 2019-05-03.
  14. ^ "A brief history of Medicare in America". medicareresources.org. 2019-05-01. Archived from the original on 2019-05-02. Retrieved 2019-05-04.
  15. ^ a b c d "The Net Worth of the American Presidents: Washington to Trump". 24/7 Wall St. 247wallst.com. November 10, 2016. Archived from the original on April 10, 2019. Retrieved April 10, 2019.
  16. ^ "Presidential Purses - TIME". Time.com. Archived from the original on 2013-08-27. Retrieved 2015-09-18.
  17. ^ "Donald Trump". Forbes. Archived from the original on 2015-05-05. Retrieved 2016-11-12.
  18. ^ "The Definitive Net Worth Of Donald Trump". Forbes. Archived from the original on 2017-03-25. Retrieved 2017-03-24.