The List of 8 Richest Presidents of the U.S.
The rich have always had a say in the fate of the United States ever since the republic’s earliest days. The founding fathers of the country George Washington, James Madison, and Thomas Jefferson all belonged to wealthy families. There’s no secret that money and connections have always helped the rich families of the country such as the Bushes and Adams to realize their presidential dreams. However, not all presidents who came into power were rich. Some made their fortune after they served as a commander in chief.
8 Richest Former U.S. Presidents
It is just as fascinating to know about the net worth of the former U.S. presidents as it is to find out what deals different service providers are offering. For instance, did you know you can get different Spectrum TV packages at an affordable price? Anyways, getting back to the topic now! Here is the list of the ten richest former presidents of the United States.
#1. Donald J. Trump
Net Worth: $2.5 Billion
45th President (2017 – Present)
Donald J. Trump was born into a wealthy family. His father, Fred Trump was a successful real estate developer while her mother Mary Anne Macleod was a Scottish-American philanthropist. According to the New York Times, he inherited approximately $413 from his father.
#2. John F. Kennedy
Net Worth: $1.1 Billion
35th President (1961-1963)
Much like Donald Trump, John F. Kennedy was too born into wealth. His net worth was inherited. He was born to Joe Kennedy who was one of the most powerful and wealthy men in the United States who made his fortune through investing and banking. Kennedy’s wife Jackie Kennedy was also quite rich and an oil heiress.
#3. George Washington
Net Worth: $587 Million
1st President (1789-1797)
The United States’ first president George Washington also inherited most of his net worth. He also earned a handsome sum first as a general and then as president. You would be surprised to know that Washington’s presidential salary was $25,000 in 1789 which equals 2% of the country’s budget.
#4. Thomas Jefferson
Net Worth: $236.8 million
3rd President (1801-1809)
1,200 hectares which are equal to 3,000 acres was inherited by Thomas Jefferson from his father. This land was in Virginia. He furthered the land by adding 2,000 acres more and built his famous home called Monticello. Jefferson spent a life of lavishness and remained rich for most of his life. However, he was deep in debt during his last few years. This happened because the income generated through farming became unreliable and also because he was a big spender.
#5. Theodore Roosevelt
Net Worth: $139.7 Million
26th President (1901-1909)
A large trust fund was inherited by Theodore Roosevelt. He didn’t do much to increase it. Since being elected to the New York State Assembly, he devoted most of his life to public service. However, Roosevelt did lose some money after his investment in a Dakota ranch went wrong.
#6. Andrew Jackson
Net Worth: $132.6 Million
7th President (1829-1837)
Unlike most of the presidents, Andrew Jackson was born poor. He made most of his wealth via law practice. Although he wasn’t born into wealth, Jackson did inherit a significant sum from his better half Rachel when she passed away shortly before he was elected as the president of the United States.
#7. James Madison
Net Worth: $113.3 Million
4th President (1809-1817)
James Madison’s parents were extremely rich. He inherited his wealth from them. Madison remained rich the majority of his life but then his fortunes started to crumble when his plantation failed. Also, his stepson lost most of his money due to his issues with gambling and drinking.
#8. Lyndon B. Johnson
Net Worth: $109.3 Million
36th President (1963-1969)
Lyndon B. Johnson didn’t have enough wealth but that was until he met with his wife Claudia Taylor who is also known as Lady Bird. She belonged to a rich family. Together, they owned 1,560 acres of land in Texas. They also bought livestock. Their primary source of income was generated from a radio station that was owned by his wife Claudia.
And there you have it! These were eight of the richest presidents of the United States all of whom did their part in making the country achieve great heights. If you are a bit intrigued to know more about them then you can do a simple Google search. But before you do that, make sure that you have access to a good internet connection that can display the search results immediately. You can either check different Spectrum internet plans from their website or can search for packages offered by other ISPs to find the perfect deal that suits your needs.