The founding fathers like George Washington, Thomas Jefferson and James Madison came from wealthy families having land of their own. Money and connections have helped the famous persons of America’s wealthiest families become presidents. However this is not the same with all presidents. Everyone did not begin rich. Some of them made their money from being commander in chief.
The president of the US earns an annual salary of $400,000. While analyzing the riches of the American presidents, 24/7 Wall Street estimated the finances of the presidents. Assets like real estate, work savings, inheritance, book royalties, ownership of companies, profits from family estates and other forms were considered by Wall Street.
Donald J. Trump
The first name on the list of richest presidents is Donald J. Trump with a net worth of $3.1 billion. He is the 45th president of the US. He inherited more than $413 million from his father and became riches as he took over his father’s estate.
John F. Kennedy
John F. Kennedy served as the 35th president (1961-63) with a net worth of $1.1 billion in his time. All his wealth was inherited.
President George Washington who served as the first president of the US had a net worth of $587 million and even he had inherited most of his riches including plantation. His salary was $25000 which comprised 2 percent of the gross US budget.
Thomas Jefferson had a net worth of $236 million. He inherited 3000 acres of land from his father. However Jefferson spent too much and loved beyond his ability.
Theodore Roosevelt, the 26th president of the US can be listed in the fifth position as richest president with a peak net worth of $139.7 million.
The sixth richest president is Andrew Jackson with a peak net worth of $132.6 million. He was the seventh president and was born poor. But he was not born into wealth but he was married to his wife Rachel who belonged to a wealthy family.
James Madison was the 4th president of the US with net worth of $113.3 million. He was the seventh richest president of the US. He had a plantation in Virginia. He built the Montpelier estate.
Lyndon B. Johnson
Lyndon B. Johnson had a net worth of $109.3 million as the 36th president of the US. He earned lot of money until he met Claudia “Lady Bird” Taylor from a wealthy family of Texas. Their earnings came from livestock and their 607 hectares of land in Texas and a radio station of Lady Bird.
The ninth richest president of the US is Herbert Hoover with highest net worth of $3 million. He was the 31st president of the US and stayed in power from 1929-33. He became an orphan as a child and worked as mining engineer before coming into politics.
Bill Clinton was the 10th richest president with a peak net worth from $75.9 million. He made his riches after leaving office, from his autobiography, My Life. Both the Clintons made huge wealth from their speeches. Hillary Clinton is supposed to have earned $14 million as advance for the 2014 memoir Hard Choices.
Former presidents get pensions, which is same as that of the head of an executive department. As of 2017, the pension amount would stand at $207,800 annually.