List of presidents of the United States by net worth

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.[1] Most presidents before 1845 were extremely wealthy, especially Andrew Jackson and George Washington. Many early presidents were landowners, and some of them owned plantations and slaves.[2][3]

Presidents since 1929, when Herbert Hoover took office, have generally been wealthier than presidents of the late nineteenth and early twentieth centuries; with the exception of Harry S. Truman, all presidents since this time have been millionaires. These presidents have often received income from autobiographies and other writing.[4] 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.[5][6]

The richest president in history is believed to be Donald Trump, who is often considered the first billionaire president.[7][8] His net worth, however, is not precisely known because the Trump Organization is privately held.[7][8]

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.[9] In addition, the presidential pension was created in 1958 when Truman was again experiencing financial difficulties.[10] Harry and Bess Truman received the first Medicare Cards in 1966 via the Social Security Act of 1965.[11]

  1. ^ Wilson, Gaye. "Monticello Was among the Prizes in a Lottery for a Ruined Jefferson's Relief". Archived from the original on April 9, 2017. Retrieved April 16, 2017.
  2. ^ "Heritage Auctions Newsletter: George Washington, Landowner". Retrieved 2015-09-18.
  3. ^ "How many presidents owned slaves?". Archived from the original on August 10, 2012. Retrieved August 15, 2012.
  4. ^ "Giving, by Donald Trump". Archived from the original on 2015-10-04. Retrieved 2015-09-18.
  5. ^ McIntyre, Mike (5 April 2008). "Clintons Made $109 Million in Last 8 Years". The New York Times. Archived from the original on 4 November 2013. Retrieved 15 August 2012.
  6. ^ Tonner, Andrew (Nov 20, 2020). "The 10 Richest U.S. Presidents -- The Motley Fool". The Motley Fool. Archived from the original on March 13, 2017. Retrieved April 16, 2017.
  7. ^ a b Rebecca Seales, Eight ways President Donald Trump will make history Archived 2018-06-12 at the Wayback Machine, BBC News (January 21, 2017).
  8. ^ a b Leada Gore, Donald Trump's net worth as he takes office as he leaves Archived 2018-01-09 at the Wayback Machine, (January 19, 2017).
  9. ^ "The 8 poorest US presidents". Retrieved 2019-05-03.
  10. ^ Isidore, Chris (2017-01-20). "Here's how much Obama's pension is worth". CNNMoney. Archived from the original on 2019-05-03. Retrieved 2019-05-03.
  11. ^ "A brief history of Medicare in America". 2019-05-01. Archived from the original on 2019-05-02. Retrieved 2019-05-04.

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