As examples, she pointed to Bill Clinton, the 42nd president, and Barack Obama (No.
Here is how the richest former U.S. presidents rank in terms of their peak personal wealth, according to a 2023 report from 24/7 Wall St.
Bill Clinton became wealthy upon leaving The White House in 2001, at the end of his second term.
“Bill Clinton came from nothing, and didn’t make a lot of money in office,” Brinkley said.
“He didn’t own a residence for his eight years as president,” Brinkley said.
Several of the first U. A. Prior to taking office, presidents were also the richest people. Presidents have traditionally accumulated the majority of their wealth in the modern era through appearance fees and media deals after leaving office.
At the time of his inauguration in 2016, former President Donald Trump was estimated by Forbes to have a net worth of $3.7 billion, making him one of the wealthiest Americans to hold the office. However, presidential historian Barbara A. says he is an anomaly. Perry observed that the majority of presidents following the Civil War were not affluent individuals; they were not descended from wealthy families. “..”.
She cited the 42nd president, Bill Clinton, and President Barack Obama as examples (No. 44,) neither of whom came to office with a lot of personal wealth.
“They were completely unfounded. She told CBS MoneyWatch, “They’re not elite. “They arrived at the White House with very little money in their pockets, having worked their way up the world via academic excellence. But since leaving office, both have earned tens of millions.
How the wealthiest former U.S. S. . A 2023 report from 24/7 Wall St. ranked presidents according to their highest level of personal wealth. Former presidents’ individual net worth is determined by the report using their incomes, real estate holdings, spouses’ wealth, and inheritances. Inflation is taken into account for all figures.
Richest U. S. . presidents in history.
1. The Donald J. $37 billion for Trump. Forbes estimates that Trump’s current net worth is even higher at $52.5 billion. In addition to his stake in Trump Media and Technology Group, which has seen sharp fluctuations in its market value this month, it includes his earnings from real estate holdings and investments.
2. . J. F. Kennedy cost $1.33 billion. Douglas Brinkley, a presidential historian, told CBS MoneyWatch that the majority of Kennedy’s wealth was inherited. Joseph Kennedy, his father, was a wealthy investor who was also named the first chairman of the Securities and Exchange Commission by Franklin Delano Roosevelt in 1934.
3. Washington, George ($708 and 5 million). George Washington owned a lot of land, just like many other early presidents. “Our first president had a lot of real estate and was wealthy,” Brinkley stated.
Perry claims that “he was very smart about farming and rotating his crops.”. A significant portion of his wealth, she claimed, came from the corn and tobacco he grew and the whiskey he made from the corn.
4. $285.08 million for Thomas Jefferson. Thomas Jefferson’s father left him land, which contributed to his wealth.
5. . Theodore Roosevelt ($168.6 million). Born into one of the wealthiest and most well-known families in New York, Theodore Roosevelt inherited a fortune. The 32nd president of the country, Franklin Delano Roosevelt, his cousin, comes in at number one. On the list of the richest presidents, 24/7 Wall Street ranks him at number 11.
6. . $160 million for Andrew Jackson. Plantation owner Andrew Jackson was affluent. The White House Historical Association claims that slavery was the main source of the seventh president’s personal wealth.
7. $137.7 million for James Madison. James Madison was the son of affluent plantation owners.
8. . Lyndon B. . Johnson, $131.09 million. Primarily, Lyndon B. The family of Johnson’s wife, Lady Bird Johnson, who ran a radio and television station, provided the majority of his wealth.
9. $10.1 million for Herbert Hoover. The University of Virginia’s Miller Center claims that Herbert Hoover became a multimillionaire by owning silver mines in Burma and receiving royalties from the sale of a mining engineering textbook.
Ten. $91.6 million for Bill Clinton. Bill Clinton left the White House at the end of his second term in 2001, having amassed a fortune.
“Bill Clinton didn’t make a lot of money in office, and he came from nothing,” Brinkley stated. “He didn’t own a residence for his eight years as president,” Brinkley stated. “The windfall arrived after the presidency.”. “..”.
