List of United States Presidents by net worth

The wealth of Presidents of the United States has varied considerably, with one president (George Washington) being worth more than half a billion in 2010 dollars, while some others were not millionaires.

Most U.S. Presidents before 1845 were extremely wealthy, including Andrew Jackson, who was born into poverty,[1] and George Washington, the richest of the period, but by no means were all early Presidents rich. Many of these early presidents were landowners, and some of them owned plantations, including their own slaves.[2][3] At the time of his death, Washington’s land, slaves, house, horses and personal belongings were worth about $525,000, estimated to be the equivalent of $524 million in 2012.[4]

The Presidents of the late 19th century and of the 1920s were generally not very wealthy, despite the widespread belief that their economic policies benefited the wealthy the most.[5][6][7] Many of these were born into poor or middle-class families and did not move up the economic ladder significantly during their lifetimes, even though a number of them served as generals in the U.S. Army.[8]

U.S. presidents since 1929 (when Herbert Hoover took office) have generally been wealthier than before; all except Harry Truman were millionaires. These presidents have often received income from autobiographies and other writing;[9] other than John F. Kennedy, all presidents beginning with Calvin Coolidge have written autobiographies. In addition, many presidents received considerable income from public speaking after retirement, such as Bill Clinton.[10]

As indicated in the table, four of the five richest U.S. presidents since 1929 were Democrats. The poorest U.S. president since 1929 (Harry Truman) was also a Democrat.[11]

George Washington, the wealthiest U.S. President to date
Harry Truman, the poorest U.S. President since 1929
Widely considered one of the greatest U.S. Presidents, Abraham Lincoln was also one of the poorest in terms of net worth
Current president Barack Obama ranks 21st in wealth.

The figures in the table below are all from 24/7 Wall St.'s 2010 valuation of each president's peak net worth. To allow direct comparison, all of the figures have been adjusted for inflation to 2010 dollars.

Name Net worth (in millions of 2010 U.S. dollars)[11] Political party[11] Years in office Lifespan
Washington, GeorgeGeorge Washington 525 None 17891797 17321799
Jefferson, ThomasThomas Jefferson 212 Democratic-Republican 18011809 17431826
Kennedy, John F.John F. Kennedy 125[12]–1,000[11] Democratic 19611963 19171963
Roosevelt, TheodoreTheodore Roosevelt 125 Republican 19011909 18581919
Jackson, AndrewAndrew Jackson 119 Democratic 18291837 17671845
Madison, JamesJames Madison 101 Democratic-Republican 18091817 17511836
Johnson, LyndonLyndon Johnson 98 Democratic 19631969 19081973
Hoover, HerbertHerbert Hoover 75 Republican 19291933 18741964
Roosevelt, Franklin D.Franklin D. Roosevelt 60 Democratic 19331945 18821945
Clinton, BillBill Clinton 55 Democratic 19932001 1946present
Tyler, JohnJohn Tyler 51 Whig 18411845 17901862
Monroe, JamesJames Monroe 27 Democratic-Republican 18171825 17581831
Buren, Martin VanMartin Van Buren 26 Democratic 18371841 17821862
Cleveland, GroverGrover Cleveland 25 Democratic 18851889
18931897
18371908
Bush, George H. W.George H. W. Bush 23 Republican 19891993 1924present
Adams, John QuincyJohn Quincy Adams 21 Democratic-Republican 18251829 17671848
Bush, George W.George W. Bush 20 Republican 20012009 1946present
Adams, JohnJohn Adams 19 Federalist 17971801 17351826
Nixon, RichardRichard Nixon 15 Republican 19691974 19131994
Reagan, RonaldRonald Reagan 13 Republican 19811989 19112004
Polk, James K.James K. Polk 10 Democratic 18451849 17951849
Eisenhower, DwightDwight Eisenhower 8 Republican 19531961 18901969
Obama, BarackBarack Obama 7 Democratic 2009present 1961present
Ford, GeraldGerald Ford 7 Republican 19741977 19132006
Carter, JimmyJimmy Carter 7 Democratic 19771981 1924present
Taylor, ZacharyZachary Taylor 6 Whig 18491850 17841850
Harrison, William HenryWilliam Henry Harrison 5 Whig 18411841 17731841
Harrison, BenjaminBenjamin Harrison 5 Republican 18891893 18331901
Fillmore, MillardMillard Fillmore 4 Whig 18501853 18001874
Hayes, Rutherford B.Rutherford B. Hayes 3 Republican 18771881 18221893
Taft, William HowardWilliam Howard Taft 3 Republican 19091913 18571930
Pierce, FranklinFranklin Pierce 2 Democratic 18531857 18041869
McKinley, WilliamWilliam McKinley 1 Republican 18971901 18431901
Harding, Warren G.Warren G. Harding 1 Republican 19211923 18651923
Buchanan, JamesJames Buchanan <1 Democratic 18571861 17911868
Lincoln, AbrahamAbraham Lincoln <1 Republican 18611865 18091865
Johnson, AndrewAndrew Johnson <1 National Union/Democratic 18651869 18081875
Grant, Ulysses S.Ulysses S. Grant <1 Republican 18691877 18221885
Garfield, JamesJames Garfield <1 Republican 18811881 18311881
Arthur, Chester A.Chester A. Arthur <1 Republican 18811885 18291886
Wilson, WoodrowWoodrow Wilson <1 Democratic 19131921 18561924
Coolidge, CalvinCalvin Coolidge <1 Republican 19231929 18721933
Truman, Harry S.Harry S. Truman <1 Democratic 19451953 18841972

References

  1. "Andrew Jackson". HISTORY.com. Retrieved 2015-09-18.
  2. "Heritage Auctions Newsletter: George Washington, Landowner". Historical.ha.com. Retrieved 2015-09-18.
  3. http://web.archive.org/web/20120810184715/http://home.nas.com:80/lopresti/ps.htm. Archived from the original on August 10, 2012. Retrieved August 15, 2012. Missing or empty |title= (help)
  4. David Post, The Wealth of Presidents, The Georgetowner, February 7, 2012 (accessed January 20, 2015)
  5. "James Garfield (1831-1881)". Thelatinlibrary.com. Retrieved 2015-09-18.
  6. "30. Calvin Coolidge . The Presidents . WGBH American Experience - PBS". Pbs.org. Retrieved 2015-09-18. horizontal tab character in |title= at position 23 (help)
  7. "Calvin Coolidge: Why are Republicans so obsessed with him?". Slate Magazine. Retrieved 2015-09-18.
  8. "Answers - The Most Trusted Place for Answering Life's Questions". Answers.com. Retrieved 2015-09-18.
  9. "Giving, by Bill Clinton". Ontheissues.org. Retrieved 2015-09-18.
  10. McIntyre, Mike (5 April 2008). "Clintons Made $109 Million in Last 8 Years". The New York Times. Retrieved 15 August 2012.
  11. 1 2 3 4 "Presidential Purses - TIME". Time.com. Retrieved 2015-09-18.
  12. http://247wallst.com/2010/05/17/the-net-worth-of-the-american-presidents-washington-to-obama/
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