The list of presidents of the United States by net worth at peak varies greatly. Debt and depreciation often means that presidents' net worth is less than $0 at the time of death. Most presidents before 1845 were extremely wealthy, especially Andrew Jackson and George Washington; their wealth was derived from extensive land holdings and slaves. There has never been a property qualification for the Presidency or other federal offices, but, in the early years of the republic, there were property qualifications for voting or for some of the stepping-stone offices to the Presidency, particularly governorships.

The two Roosevelts, John Kennedy, and Donald Trump were parties to extensive family fortunes. Several other presidents married into substantial fortunes. Presidents since 1929, when Herbert Hoover took office, have generally been wealthier than presidents of the late nineteenth and early twentieth centuries; Hoover was born into poverty but became a multimillionaire (perhaps $100 million in 2022 dollars) due to his mining interests. With the exception of Harry S. Truman, all presidents since 1929 have been millionaires. Lyndon Johnson was born quite poor, but he and his wife were ultimately millionaires (perhaps $100 million in today's money) due to the LBJ Holding Company owning radio and television stations and two banks, as well as owning the LBJ Ranch. These presidents have often received income from autobiographies and other writing. 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.

Harry Truman was among the poorest U.S. presidents, 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. In addition, the presidential pension was created in 1958 when Truman was again experiencing financial difficulties. Harry and Bess Truman received the first Medicare cards in 1966 via the Social Security Act of 1965.

List of presidents by peak net worth

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. To allow for a direct comparison, most of the figures have been adjusted for inflation to 2022 U.S. dollars except for the Donald Trump figure.

See also

  • List of richest American politicians

Notes

References

11. https://afrotech.com/how-barack-obama-increased-his-net-worth-to-70m-after-leaving-office/


The richest US presidents in history

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The Reported Net Worths Of Every US President

The Reported Net Worths Of Every US President