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; their wealth was derived from extensive land holdings and slaves. There has never been a property qualification for the presidency or other federal offices, but, in the early years of the republic, there were property qualifications for voting or for some of the stepping-stone offices to the presidency, particularly governorships.
The two Roosevelts, John F. Kennedy, and Donald Trump were parties to extensive family fortunes. Several other presidents married into substantial fortunes. Presidents since 1929, when Herbert Hoover took office, have generally been wealthier than presidents of the late nineteenth and early twentieth centuries; Hoover was born into poverty but became a multimillionaire (perhaps $100 million in 2022 dollars) due to his mining interests. Lyndon B. Johnson was born quite poor, but he and his wife were ultimately millionaires (perhaps $100 million in today's money) due to the LBJ Holding Company owning radio and television stations and two banks, as well as owning the LBJ Ranch.
All presidents since 1929 have been millionaires. These presidents have often received income from autobiographies and other writing. [2] 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. [3] [4]
Harry S. Truman claimed to struggle financially after leaving office, with a net worth considerably less than $1 million. His appeals to Congress contributed to the doubling of the presidential salary to $200,000 in 1949. [5] In addition, the presidential pension was created in 1958 when Truman again said he was experiencing financial difficulties. [6] Harry and Bess Truman received the first Medicare cards in 1966 via the Social Security Act of 1965. [7] A 2021 investigation by Paul Campos showed that Truman was financially comfortable throughout his life, with an inflation-adjusted net worth of about $6.6 million after he left office, including $2 million that he misappropriated from an expense account at the beginning of his first full term. [8]
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The figures in the table below are all derived from 24/7 Wall St.'s 2016 valuation of each president's peak net worth. For purposes of 24/7 Wall St.'s valuation, a president's peak net worth may occur before or after that president has left office. [9] To allow for a direct comparison, most of the figures have been adjusted for inflation to 2022 U.S. dollars except for the Donald Trump figure.
Name | Net worth (millions of 2022 US$) | Political party [10] | Years in office | Lifespan |
---|---|---|---|---|
Donald Trump | 9,000 [nb 1] | Republican | 2017–2021 2025–present | born 1946 |
George Washington | 539 | None/Independent | 1789–1797 | 1732–1799 |
Thomas Jefferson | 284 | Democratic-Republican | 1801–1809 | 1743–1826 |
Bill Clinton | 245 | Democratic | 1993–2001 | born 1946 |
Theodore Roosevelt | 168 | Republican | 1901–1909 | 1858–1919 |
Andrew Jackson | 159 | Democratic | 1829–1837 | 1767–1845 |
James Madison | 136 | Democratic-Republican | 1809–1817 | 1751–1836 |
Lyndon B. Johnson | 131 | Democratic | 1963–1969 | 1908–1973 |
Herbert Hoover | 80 | Republican | 1929–1933 | 1874–1964 |
John F. Kennedy | 80 | Democratic | 1961–1963 | 1917–1963 |
Franklin D. Roosevelt | 79 | Democratic | 1933–1945 | 1882–1945 |
Barack Obama | 70 | Democratic | 2009–2017 | born 1961 |
John Tyler | 68 | Whig/None | 1841–1845 | 1790–1862 |
George W. Bush | 50 | Republican | 2001–2009 | born 1946 |
James Monroe | 36 | Democratic-Republican | 1817–1825 | 1758–1831 |
Martin Van Buren | 34 | Democratic | 1837–1841 | 1782–1862 |
Grover Cleveland | 33 | Democratic | 1885–1889 1893–1897 | 1837–1908 |
George H. W. Bush | 31 | Republican | 1989–1993 | 1924–2018 |
John Quincy Adams | 27 | Democratic-Republican | 1825–1829 | 1767–1848 |
John Adams | 25 | Federalist | 1797–1801 | 1735–1826 |
Richard Nixon | 20 | Republican | 1969–1974 | 1913–1994 |
Ronald Reagan | 16 | Republican | 1981–1989 | 1911–2004 |
James K. Polk | 13 | Democratic | 1845–1849 | 1795–1849 |
Dwight D. Eisenhower | 10 | Republican | 1953–1961 | 1890–1969 |
Joe Biden | 10 [18] | Democratic | 2021–2025 | born 1942 |
Gerald Ford | 9 | Republican | 1974–1977 | 1913–2006 |
Jimmy Carter | 9 | Democratic | 1977–1981 | 1924–2024 |
Zachary Taylor | 8 | Whig | 1849–1850 | 1784–1850 |
William Henry Harrison | 7 | Whig | 1841 | 1773–1841 |
Benjamin Harrison | 7 | Republican | 1889–1893 | 1833–1901 |
Harry S. Truman | 6.6 [8] | Democratic | 1945–1953 | 1884–1972 |
Millard Fillmore | 5 | Whig | 1850–1853 | 1800–1874 |
Rutherford B. Hayes | 3 | Republican | 1877–1881 | 1822–1893 |
William Howard Taft | 3 | Republican | 1909–1913 | 1857–1930 |
Franklin Pierce | 2 | Democratic | 1853–1857 | 1804–1869 |
William McKinley | 1 | Republican | 1897–1901 | 1843–1901 |
Warren G. Harding | 1 | Republican | 1921–1923 | 1865–1923 |
James Buchanan | <1 | Democratic | 1857–1861 | 1791–1868 |
Abraham Lincoln | <1 | Republican/National Union | 1861–1865 | 1809–1865 |
Andrew Johnson | <1 | National Union/Democratic | 1865–1869 | 1808–1875 |
Ulysses S. Grant | <1 | Republican | 1869–1877 | 1822–1885 |
James A. Garfield | <1 | Republican | 1881 | 1831–1881 |
Chester A. Arthur | <1 | Republican | 1881–1885 | 1829–1886 |
Woodrow Wilson | <1 | Democratic | 1913–1921 | 1856–1924 |
Calvin Coolidge | <1 | Republican | 1923–1929 | 1872–1933 |
11. https://afrotech.com/how-barack-obama-increased-his-net-worth-to-70m-after-leaving-office/