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]
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 | 1789–1797 | 1732–1799 |
Jefferson, ThomasThomas Jefferson | 212 | Democratic-Republican | 1801–1809 | 1743–1826 |
Kennedy, John F.John F. Kennedy | [12]–1,000[11] | 125Democratic | 1961–1963 | 1917–1963 |
Roosevelt, TheodoreTheodore Roosevelt | 125 | Republican | 1901–1909 | 1858–1919 |
Jackson, AndrewAndrew Jackson | 119 | Democratic | 1829–1837 | 1767–1845 |
Madison, JamesJames Madison | 101 | Democratic-Republican | 1809–1817 | 1751–1836 |
Johnson, LyndonLyndon Johnson | 98 | Democratic | 1963–1969 | 1908–1973 |
Hoover, HerbertHerbert Hoover | 75 | Republican | 1929–1933 | 1874–1964 |
Roosevelt, Franklin D.Franklin D. Roosevelt | 60 | Democratic | 1933–1945 | 1882–1945 |
Clinton, BillBill Clinton | 55 | Democratic | 1993–2001 | 1946–present |
Tyler, JohnJohn Tyler | 51 | Whig | 1841–1845 | 1790–1862 |
Monroe, JamesJames Monroe | 27 | Democratic-Republican | 1817–1825 | 1758–1831 |
Buren, Martin VanMartin Van Buren | 26 | Democratic | 1837–1841 | 1782–1862 |
Cleveland, GroverGrover Cleveland | 25 | Democratic | 1885–1889 1893–1897 |
1837–1908 |
Bush, George H. W.George H. W. Bush | 23 | Republican | 1989–1993 | 1924–present |
Adams, John QuincyJohn Quincy Adams | 21 | Democratic-Republican | 1825–1829 | 1767–1848 |
Bush, George W.George W. Bush | 20 | Republican | 2001–2009 | 1946–present |
Adams, JohnJohn Adams | 19 | Federalist | 1797–1801 | 1735–1826 |
Nixon, RichardRichard Nixon | 15 | Republican | 1969–1974 | 1913–1994 |
Reagan, RonaldRonald Reagan | 13 | Republican | 1981–1989 | 1911–2004 |
Polk, James K.James K. Polk | 10 | Democratic | 1845–1849 | 1795–1849 |
Eisenhower, DwightDwight Eisenhower | 8 | Republican | 1953–1961 | 1890–1969 |
Obama, BarackBarack Obama | 7 | Democratic | 2009–present | 1961–present |
Ford, GeraldGerald Ford | 7 | Republican | 1974–1977 | 1913–2006 |
Carter, JimmyJimmy Carter | 7 | Democratic | 1977–1981 | 1924–present |
Taylor, ZacharyZachary Taylor | 6 | Whig | 1849–1850 | 1784–1850 |
Harrison, William HenryWilliam Henry Harrison | 5 | Whig | 1841–1841 | 1773–1841 |
Harrison, BenjaminBenjamin Harrison | 5 | Republican | 1889–1893 | 1833–1901 |
Fillmore, MillardMillard Fillmore | 4 | Whig | 1850–1853 | 1800–1874 |
Hayes, Rutherford B.Rutherford B. Hayes | 3 | Republican | 1877–1881 | 1822–1893 |
Taft, William HowardWilliam Howard Taft | 3 | Republican | 1909–1913 | 1857–1930 |
Pierce, FranklinFranklin Pierce | 2 | Democratic | 1853–1857 | 1804–1869 |
McKinley, WilliamWilliam McKinley | 1 | Republican | 1897–1901 | 1843–1901 |
Harding, Warren G.Warren G. Harding | 1 | Republican | 1921–1923 | 1865–1923 |
Buchanan, JamesJames Buchanan | <1 | Democratic | 1857–1861 | 1791–1868 |
Lincoln, AbrahamAbraham Lincoln | <1 | Republican | 1861–1865 | 1809–1865 |
Johnson, AndrewAndrew Johnson | <1 | National Union/Democratic | 1865–1869 | 1808–1875 |
Grant, Ulysses S.Ulysses S. Grant | <1 | Republican | 1869–1877 | 1822–1885 |
Garfield, JamesJames Garfield | <1 | Republican | 1881–1881 | 1831–1881 |
Arthur, Chester A.Chester A. Arthur | <1 | Republican | 1881–1885 | 1829–1886 |
Wilson, WoodrowWoodrow Wilson | <1 | Democratic | 1913–1921 | 1856–1924 |
Coolidge, CalvinCalvin Coolidge | <1 | Republican | 1923–1929 | 1872–1933 |
Truman, Harry S.Harry S. Truman | <1 | Democratic | 1945–1953 | 1884–1972 |
References
- ↑ "Andrew Jackson". HISTORY.com. Retrieved 2015-09-18.
- ↑ "Heritage Auctions Newsletter: George Washington, Landowner". Historical.ha.com. Retrieved 2015-09-18.
- ↑ 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
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(help) - ↑ David Post, The Wealth of Presidents, The Georgetowner, February 7, 2012 (accessed January 20, 2015)
- ↑ "James Garfield (1831-1881)". Thelatinlibrary.com. Retrieved 2015-09-18.
- ↑ "30. Calvin Coolidge . The Presidents . WGBH American Experience - PBS". Pbs.org. Retrieved 2015-09-18. horizontal tab character in
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at position 23 (help) - ↑ "Calvin Coolidge: Why are Republicans so obsessed with him?". Slate Magazine. Retrieved 2015-09-18.
- ↑ "Answers - The Most Trusted Place for Answering Life's Questions". Answers.com. Retrieved 2015-09-18.
- ↑ "Giving, by Bill Clinton". Ontheissues.org. Retrieved 2015-09-18.
- ↑ McIntyre, Mike (5 April 2008). "Clintons Made $109 Million in Last 8 Years". The New York Times. Retrieved 15 August 2012.
- 1 2 3 4 "Presidential Purses - TIME". Time.com. Retrieved 2015-09-18.
- ↑ http://247wallst.com/2010/05/17/the-net-worth-of-the-american-presidents-washington-to-obama/
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