Who Was the Richest U.S. President?
The Atlantic magazine sat down to chart out the net worth of each president, from Washington to Obama. Who was rolling in it? The first president of the U.S. was loaded, with an estimated net worth of $525 million, once you factor in inflation. Much of this is based on the thousands of acres of […]
The Atlantic magazine sat down to chart out the net worth of each president, from Washington to Obama. Who was rolling in it?
The first president of the U.S. was loaded, with an estimated net worth of $525 million, once you factor in inflation.
Much of this is based on the thousands of acres of land that Washington owned, not to mention the value of his 300 slaves.
Washington also earned a better salary while in office than the presidents who followed. His paycheck represented an incredible 2% of the total U.S. budget at the time.
However, Washington is not the wealthiest president on the list. That title falls to John F. Kennedy, although there is a caveat:
Ć¢ā¬ÅAlthough he never inherited his father’s fortune, the Kennedy family estate was worth nearly $1 billion,Ć¢ā¬Ā The Atlantic reports.
Other presidents who topped the $100 million mark were Thomas Jefferson ($212 million), Teddy Roosevelt ($125 million), Andrew Jackson ($119 million) and James Madison ($101 million).
Presidents prior to 1850 all have high net worth since many of the early presidents owned lots of valuable land.
