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We don't often think of the United States presidency as a wealthy position for the average politician. Their yearly salaries are quite a bit lower than those of a millionaire. That said, some presidents bring their wealth along with them when taking public office. Today, we're taking a look at a few of the richest presidents in history and their level of wealth in today's dollars.
The Method for Determining Net Worth
The information and estimates given for the figures we're using today come from various sources around the web. The methodology used for figuring out these net worths doesn't come from just raw wealth necessarily, but also a combination of factors like other assets, land holdings, and so forth.
A Quick Disclaimer About Stated Net Worths
Now, I will clarify beforehand that net worth estimates are simply that, estimates. Without hard figures and empirical data stretching back to the 18th century, it can be a little difficult to give accurate numbers of the real net worth of these individuals. For the more recent presidents, this isn't a problem, given that tax records are viewed by the public. However, it might mean looking at the Founding Fathers with a grain of salt when it comes to their purported net worth.
Donald Trump
The 45th and 47th president of the United States, Donald Trump, is on the top of the heap when it comes to overall net worth. With an estimated fortune of 7.1 billion dollars, the next runner-up is quite far away in terms of overall wealth.
George Washington
America's first president is also one of its wealthiest. George Washington was rather savvy when it came to matters of business, and an estimated fortune of 707 million dollars marks him as the second wealthiest president to take office.
Thomas Jefferson
Another founding father and the third president of the United States, Thomas Jefferson, was known for appreciating the finer things in life. With an estimated net worth of 284 million dollars, he cracked the top 5 of the wealthiest presidents with ease.
Barack Obama
44th president Barack Obama was quite a surprise to crack the top 5. His net worth sits at approximately $250 million, which is impressive, to say the least. While out of politics, he still does some work in the private sector, which might explain his growing wealth.
Bill Clinton
Bill Clinton's tenure in the office of president saw the United States sitting with a surplus for the first time in a long while. To say the man is savvy with cash is an understatement, as his $241 million fortune will attest.
Theodore Roosevelt
Teddy Roosevelt is a figure who has propelled to the status of myth in the last 20 years. That said, he came from a wealthy family and stayed quite wealthy himself into adulthood. It's estimated that Roosevelt was worth around 168 million today when adjusted for inflation.
Andrew Jackson
Old Hickory was a contentious man, but still instrumental in aiding the United States during the War of 1812. Despite his military and political ambitions, Jackson was able to amass a net worth of around 159 million dollars.
James Madison
Another member of the Democratic-Republicans, Madison was the fourth president and one of the Founding Fathers of the nation. At the time of his passing he had accrued a fortune of around 136 million dollars.
Lyndon B. Johnson
JFK's immediate successor, Lyndon B. Johnson, is notable for his continued involvement in the Vietnam War and for signing the Civil Rights Act. Surprisingly, he had time to amass a fortune of an estimated 131 million dollars.
Herbert Hoover
Hoover had the poor fortune of taking office just as the Great Depression was getting going in earnest. It doesn't look like he was hurting too badly, however, with an estimated net worth of 100 million dollars.
John F. Kennedy
You don't earn a reputation as being a member of Camelot without some serious wealth behind it. JFK is notable for being the only president to be assassinated in the latter half of the 20th century. He had an estimated net worth of 99 million dollars.
Franklin D. Roosevelt
FDR is one of those figures that entered the halls of legend, thanks in part to his actions both during the Second World War and the tail end of the Great Depression. The Roosevelts were a notable wealthy family at the time, and FDR was no exception with his 79 million dollar net worth.
John Tyler
Tenth president of the United States and a member of the Whig party, John Tyler is known for presiding over the country when it annexed the republic of Texas, which would in turn lead to the Mexican-American War. Tyler amassed a net worth of about 68 million.
George W. Bush
Son of 41st president George H.W. Bush, George W. Bush served as the 43rd president, bridging the gap between his father and Clinton. He's also been able to leverage his experience into a 47 million dollar net worth.
James Monroe
The fifth president of the United States is also the last entry for today's list. James Monroe came from a defunct political party known as the Democratic-Republicans. Interestingly, he was still able to amass around 36 million dollars in overall wealth.