The top 10 wealthiest Presidents in the American history
As the most powerful man on earth, The US President also needs sufficient financial backing to support his wealthy status. Ironically however, although President Obama himself is worth a cool 7 million dollars, he doesn’t even stand close to any in this list of the richest presidents in US history.
How then would you gauge the worth of a US president in terms of monetary value? It certainly does not come from the perks he receives while in office. While a president’s salary is approximately 400000 dollars a year, the actual riches from wealthy presidents came from inheritance, pre-presidential business and of course exorbitant salaries being the norm just after independence. Here is the list of the top 10 wealthiest presidents of the USA.
1 George Washington (1789-1797) Net worth: $ 525 million
The first president of the USA, General George Washington still remains on record as the wealthiest president of the country. The owner of 7500 acres of prime farm land on Mount Vernon made George Washington’s net asset value an incredible $525 million. His landowner status during pre-independence increased his monetary value to a large extent when he was sworn into office.
2 Thomas Jefferson (1801-1809) Net worth: $212 Million
Thomas Jefferson’s source of his fortune came primarily from his inheritance. The third President of the US was the heir to his father’s 3000 acre plantation which incidentally held title over 40 slaves as well. At the time of entering office, his plantation had doubled in size and so did his net worth amounting to $212 million.
3 Theodore Roosevelt (1901-1909) Net Worth: $125 Million
Teddy as Theodore Roosevelt was commonly called was born into one of the wealthiest families in the US. Although considered one of the wealthiest presidents, Roosevelt lost most of his inheritance to his ranch business in North and South Dakota.
To recap his earnings, Roosevelt became a writer. His 200 acre estate in long Island contributed to much of his wealth accumulated while in office.
4 Andrew Jackson (1829-1837) Net Worth: $119 Million
Andrew Jackson or ‘Old Hickory’ as he was fondly called owned a large number of slaves and the 1000 acre Hermitage plantation near Nashville.
In addition to his wealth, his fortune grew from the money he earned in military service. His wife Rachel Jackson was also a very wealthy woman. Unfortunately he lost most of his fortune and died a pauper.
5 James Madison (1809-1817) Net worth: $101 Million
America’s fourth president also owned several slaves and a plantation that measured almost 5000 acres in Virginia.
Owing to his capacity as the secretary of state before assuming the office of the President, Madison earned a huge chunk of money as the head of an office which also oversaw public services. However Madison was to be the last beneficiary of a high paid salary. Like presidents before him he too lost much of his wealth due to losses on the plantation.
6 Lyndon Baines Johnson (1963-1969) Net worth: $98 Million
LBJ was the 36th president of the United States. As an enterprising young man, Johnson amassed his wealth from his own hard work as a businessman. He purchased a number of companies, diversifying his stock and assets in various profitable businesses such as livestock and media.
While serving as the 37th Vice President to JFK, Johnson was still richer than the President of the US. He took over the office following the assassination of JFK, but was re-elected in a landslide victory to full term in 1963.
7 Herbert Hoover (1929-1933) Net worth:$75 Million
As an orphan, Herbert Hoover was looked after by an uncle. Although not even remotely a rich man when entering office, Hoover frequently donated his Salary to charity.
Hoover amassed a fortune over 20 years, both as an investor and as an executive working for a mining company.
8 Franklin Delano Roosevelt (1933-1945) Net worth:$60 Million
As one of the longest servicing US Presidents, Roosevelt was born into a wealthy family. Starting out on a loan from his mother, he collected a fortune in public service.
His wife Eleanor not to be outdone was a wealthy woman whose fortune combined with FDRs was calculated to be an estimated 60 million USD. Although Roosevelt suffered from Polio, he fought the disease and was an inspiration to many. He died in 1945.
9 Bill Clinton (1993-2001) Net worth: $55 million
Who doesn’t know Bill Clinton? Clinton unlike the former presidents earned his fortune by holding a series of public offices before his tenure of President. However while his earnings did not measure up to a sizeable fortune, his net value grew after he attained Presidential office.
Today Clinton is still a wealthy man. His autobiography alone fetched him a cool $15 million. His profession as a speaker for public engagements still earns him quite a sum of money.
10 John F. Kennedy (1961-1963) Net worth: $1 Billion
Had JFK lived he would have been worth no less than 1 billion USD, outdoing the entire list of wealthiest presidents.
John .F. Kennedy came from a wealthy family whose net assets were valued at 1 billion USD. If he had lived, he would have inherited the amount and made it to the top of this list of wealthiest presidents of the USA. Unfortunately, that was not to be so and he was assassinated in 1963. The incident shocked the country and the world. JFK was however valued at $50 million before he died.
Also take a look at who are the wealthiest leaders of the world as of now.