Several billion dollars were the nett worth of some of the wealthiest US presidents. The relationship between wealth and power has always been intriguing, and this is especially true when it comes to the presidency of the United States. There have been presidents who came into office already wealthy and others who accumulated vast fortunes while in office throughout the course of American history. The ten wealthiest US presidents ever will be examined in greater detail in this article, along with their nett worth, sources of income, and the ways in which they shaped their presidencies through the use of money.
Bill Clinton – $75.9 Million
Bill Clinton’s nett worth, which he mostly acquired after leaving office, is believed to be around $75.9 million. His income came from a variety of sources, including his million-selling autobiography “My Life,” paid talks, and consulting work. His wife, former Secretary of State Hillary Clinton, also added money from her own earnings to their joint nett worth. She reportedly received a $14 million advance for her 2014 memoir, “Hard Choices”. The Clintons have a reputation for making good money from their paid speeches; some estimates have their speaking fees at over $150 million since leaving the White House.
Herbert Hoover – $83 Million
The greatest nett worth of Herbert Hoover, the 31st President of the United States from 1929 to 1933, was $83 million. Despite growing up as an orphan, he was able to become successful on his own because to his dedication and hard work. After earning his degree from Stanford University, Hoover worked as a mining engineer before entering politics. Even more impressively, he wrote a textbook on mining engineering and was the proud proprietor of multiple silver mines in Burma that greatly added to his wealth.
Lyndon B. Johnson – $109.3 Million
The 36th president, Lyndon Johnson, accumulated a fortune of $109.3 million while in office from 1963 to 1969. Johnson was an ambitious and hardworking man with little money until he met and married Claudia “Lady Bird” Taylor, who came from a wealthy Texas family. The couple had a considerable amount of land (607 hectares or 1,500 acres) and livestock in Texas, but Lady Bird’s ownership of a radio station was their main source of income.
James Madison – $113.3 Million
The peak nett worth of James Madison, the fourth President of the United States (1809–1817), was $113.3 million. Madison’s parents were wealthy landowners, including the thriving Montpelier estate in Orange County, Virginia, which they possessed a sizable amount of. Madison has financial challenges later in life despite coming from a wealthy household. His plantation did not turn a profit as predicted, and his stepson’s drinking and gambling issues cost him a lot of money. These elements had a role in Madison’s troubles with money in his later years.
Andrew Jackson – $132.6 Million
The 7th President of the United States, Andrew Jackson, had a peak nett worth of $132.6 million between 1829 and 1837. Jackson, in contrast to many of his predecessors, did not come from a wealthy family and had to work as a lawyer to support himself. Nevertheless, despite his modest upbringing, Jackson’s financial condition dramatically improved after he wed Rachel, who brought a lot of wealth to the union. After Rachel passed away just before he became president, Jackson inherited a sizable wealth from her.
Theodore Roosevelt – $139.7 Million
With a peak nett worth of $139.7 million, Theodore Roosevelt served as the 26th President of the United States from 1901 to 1909. Although he received a sizeable trust money as an inheritance, he didn’t aggressively pursue ways to amass fortune. He devoted the majority of his adult life to serving the public instead, starting with his election to the New York State Assembly at the age of 23. Roosevelt, despite his dedication to public service, experienced financial hardship when a ranch venture in the Dakotas led to a large loss of his income.
Thomas Jefferson – $236.8 Million
Thomas Jefferson, who served as the third president of the United States from 1801 to 1809, had a nett worth that peaked at $236.8 million. He received 1,200 hectares (3,000 acres) of land from his father close to Charlottesville, Virginia, and later added another 809 hectares (2,000 acres) to his real estate holdings. On this property, Jefferson erected Monticello, a famous mansion. Jefferson was heavily in debt at the time of his death, despite the fact that he remained affluent for the majority of his life. This was a result of both Jefferson’s extravagant spending and his inability to depend on his farming income.
George Washington – $587 Million
The greatest nett worth of George Washington, the country’s first president, who presided from 1789 to 1797, was $587 million. The majority of his money was inherited since he obtained Mount Vernon, a prosperous plantation, from his half-brother. Washington also made a good living as a general and later as president. His annual compensation as president in 1789 was $25,000, or 2% of the US budget.
John F. Kennedy – $1.1 Billion
John F. Kennedy’s nett worth peaked at $1.1 billion while he served as the 35th US president from 1961 to 1963. Kennedy was born into a wealthy family, thus all of his wealth was inherited. One of the wealthiest persons in the US, his father Joe Kennedy, had built a fortune via banking and investments. The fact that Jackie Kennedy was an oil heiress added to her wealth.
Donald J. Trump – $3.1 Billion
At its highest point, Donald Trump’s nett worth was $3.1 billion. In 2017, he was inaugurated as the 45th president. He was born into money, according to The New York Times, and received at least $413 million from his father. When Trump took over his father’s real estate company, his wealth climbed even more, and he now owns billions of dollars’ worth of property. Trump, however, was the subject of controversy and close examination during his presidency due to his business-related conflicts of interest and unwillingness to make his tax returns public.