10 Richest US Presidents

Inside cover 10 richest presidents

The website 24/7 Wall St. recently published  a list of the richest U.S. presidents. President Obama’s $7 million net worth did not make the top 10.  The list  is as follows:

10. John Fitzgerald Kennedy

 Net worth: $1 billion (never inherited his father’s fortune)

In office: 1961 to 1963

35th president

Kennedy was born into wealth and married into it. His father was one of the wealthiest men in America and the first chairman of the Securities and Exchange Commission. His wife, too, was an oil heiress. Almost all of JFK’s income and property came from a trust shared with other family members.


9. William Jefferson Clinton

Net Worth: $55 million

In office: 1993 – 2001

42nd president

Unlike other presidents, Clinton did not inherit any wealth and gained little net worth during 20 plus years of public service. After his time in the White House, however, he earned a substantial income as an author and public speaker. In 2005, Clinton earned a $15 million advance on his book “My Life.” Former Secretary Clinton’s advance for her upcoming autobiography is expected to be nearly as much. In 2011, the former president was paid $750,000 alone to speak in Hong Kong for Ericsson. By 2012, the former president was estimated to have earned over $100 million. Secretary Clinton has started contributing to the family fortune since leaving office. It is reported that she earns more than $200,000 per speech.


8. Franklin Delano Roosevelt

Net worth: $60 million

In office: 1933 to 1945

32nd president

Roosevelt’s wealth came through inheritance and marriage. He owned the 800-acre Springwood estate, as well as properties in Georgia, Maine, and New York. In 1919, his mother had to bail him out of financial difficulty. He spent most of his adult life in public service. Before he was president, Roosevelt was appointed assistant secretary of the Navy by President Wilson.


7. Herbert Clark Hoover

Net worth: $75 million

In office: 1929 to 1933

31st president

An orphan, Hoover was raised by his uncle, a doctor. Hoover made a fortune as a mining company executive. He had a generous salary for 17 years and had extensive holdings in mining companies. Hoover donated his presidential salary to charity. He also owned “Hoover House” in Monterey, Calif.


6. Lyndon Baines Johnson

Net worth: $98 million

In office: 1963 to 1969

36th president

Johnson’s father lost all the family’s money when LBJ was a boy. Over time, the 36th president had accumulated 1,500 acres in Blanco County, Texas, which included his home, called the Texas White House. He and his wife owned a radio and television station in Austin, Texas, and they had a variety of other moderate holdings, including livestock and private aircraft.


5. James Madison

Net worth: $101 million

In office: 1809 to 1817

4th president

Madison was the largest landowner in Orange County, Virginia. His land holding consisted of 5,000 acres and the Montpelier estate. He made significant wealth as Secretary of State and president. Madison lost money at the end of his life due to the steady financial collapse of his plantation.


4. Andrew Jackson

Net worth: $119 million

In office: 1829 to 1837

7th president

While he was considered to be in touch with the average middle-class American, Jackson quietly became one of the wealthiest presidents of the 1800s. “Old Hickory” married into wealth and made money in the military. His homestead, The Hermitage, included 1,050 acres of prime real estate. Over the course of his life, he owned as many as 300 slaves. Jackson entered considerable debt later in life.


3. Theodore Roosevelt

Net worth: $125 million

In office: 1901 to 1909

26th president

Born to a prominent and wealthy family, Roosevelt received a sizable trust fund. He lost most of his money on a ranching venture in the Dakotas and had to work as an author to pay the bills. Roosevelt spent most of his adult years in public service. His 235-acre estate, Sagamore Hill, now sits on some of the most valuable real estate in Long Island.


2. Thomas Jefferson

Net worth: $212 million

In office: 1801 to 1809

3rd president

Jefferson was left 3,000 acres and several dozen slaves by his father. Monticello, Jefferson’s home on a 5,000-acre plantation in Virginia, was one of the architectural wonders of its time. He made considerable money in various political positions before becoming president, but he was mired in debt towards the end of his life.


1. George Washington

Net worth: $525 million

In office: 1789 to 1797

1st president

Washington’s Virginia plantation, Mount Vernon, consisted of five separate farms on 8,000 acres of prime farmland run by more than 300 slaves. His wife, Martha, inherited significant property from her father. As president, Washington earned well more than subsequent presidents: his salary was 2% of the total U.S. budget in 1789.

Want to see the Net worth of Every American President? Click here for the full report.

Original report from 247wallst.com


10 Richest US Presidents

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