The 15 Wealthiest U.S. Presidents of All Time

By InvestingAnswers Staff
May 07, 2011

Being President of the United States is a tough job. And for how much the position pays ($400,000 annually), you can argue whether it's worth it or not. While each president's income is available via public record, their overall estimated net worth is harder to estimate. 

After digging into the financial statements of our country's past leaders, The Atlantic put a number on the wealth each president was able to amass in his day from land, inheritance, company ownership, homeownership, family estates, and book royalties.

Once each president's wealth is converted into 2011 dollars, we are left with a surprising list of the 15 wealthiest U.S. presidents -- including one worth over $1 billion in today's dollars.

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George H.W. Bush -- $23 Million

George H.W. Bush -- $23 Million

Shortly after graduating from Yale University in 1948, Bush moved his family to West Texas and entered the oil business. He quickly proved successful with his oil ventures and, after a series of additional investments, became a millionaire by the age of 40.

Despite his success, Bush shifted his ambitions to politics in 1966. George H.W. Bush was the 41st U.S. President, serving from 1989-1993.

Photo courtesy of http://commons.wikimedia.org.

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Grover Cleveland -- $25 Million

Grover Cleveland -- $25 Million

Son of a Prebyterian minister, Grover Cleveland started growing wealth as an attorney in his own private practice prior to going into politics.

Cleveland also amassed wealth by selling his Washington, D.C. estate before moving to the "Westland Mansion" near Princeton, New Jersey.

Grover Cleveland was the 22nd & 24th U.S. President, serving from 1885-1889 and 1893-1897.

Photo courtesy of http://commons.wikimedia.org.

Martin Van Buren -- $26 Million

Martin Van Buren -- $26 Million

Van Buren began studying law at the age of 14, building up a great deal of wealth at an early age. He was active in politics as early as 17, and later served as a U.S. Senator, Secretary of State and then Vice President to Andrew Jackson before being elected to office in 1837. 

Van Buren also had significant wealth tied up in his estate, Lindenwald in Kinderhook, New York. He was the 8th U.S. President, serving from 1837-1841.

Photo courtesy of http://commons.wikimedia.org.

James Monroe -- $27 Million

James Monroe -- $27 Million

James Monroe built up a significant amount of wealth throughout his career while serving in the critical roles of Governor of Virginia, Ambassador of France, Secretary of State and Secretary of War.

He was also the last "Founding Father of the United States" to serve as president. James Monroe was the 5th U.S. President, serving from 1817-1825.

Photo courtesy of http://commons.wikimedia.org.

Bill Clinton -- $38 Million

Bill Clinton -- $38 Million

Before becoming president in 1993, Bill Clinton had a selfless and modestly-paid career in public service. It wasn't until after he left office did Clinton start to accumulate significant wealth, with a lucrative career in public speaking.

In 2004, he released an autobiography, entitled My Life -- which he received a book advance fee worth $15 million, acording to tax records. The book has sold in excess of 2,250,000 copies to date. 

Bill Clinton was the 42nd U.S. President, serving from 1993-2001.

Photo courtesy of http://commons.wikimedia.org.

John Tyler -- $51 Million

John Tyler -- $51 Million

Tyler gained much of his wealth by inheriting his father's 1,000-acre tobacco plantation and marrying into a wealthy family -- his first wife, Letitia, was the daughter of a prosperous planter.

After his presidential term, Tyler retired to his Virginia plantation, which he renamed "Sherwood Forest" to signify that he had been "outlawed" by his political party, the Whigs. 

John Tyler was the 10th U.S. President, serving from 1841-1845.

Photo courtesy of http://commons.wikimedia.org.

Franklin D. Roosevelt -- $60 Million

Franklin D. Roosevelt -- $60 Million

Franklin D. Roosevelt was the only child of a wealthy old New York family of Dutch and French decent. His wife and fifth cousin, Eleanor, also came from an affluent family. They both gained substantial wealth through inheritance and marriage. 

Before being elected president, Roosevelt had brief careers as a corporate lawyer, New York State Senator and Assistant Secretary of the Navy. 

Franklin D. Roosevelt was the 32nd U.S. President, serving from 1933-1945.

Photo courtesy of http://commons.wikimedia.org.

Herbert Hoover -- $75 Million

Herbert Hoover -- $75 Million

Herbert Hoover made his fortune as a professional geologist, mining engineer, mining consultant and author. He traveled the world managing, operating and innovating new mining methods throughout Australia, China and Wales.

Once he was elected president in 1929, Hoover was so wealthy that he donated his presidential salary to charity. 

Herbert Hoover was the 31st U.S. President, serving from 1929-1933.

Photo courtesy of http://commons.wikimedia.org.

Lyndon B. Johnson -- $98 Million

Lyndon B. Johnson -- $98 Million

Lyndon B. Johnson's wealth was tied up in several different investments. Johnson's 1,500-acre ranch in Blanco County, Texas was appropriately dubbed the "Texas White House."

He and his wife, nicknamed 'Lady Bird,' also owned a television station (KTBC-TV/7) and several radio stations (KLBJ-AM, KLBJ-FM & KGSR)  in Austin, TX, as well as livestock and a private plane. 

Lyndon B. Johnson was the 36th U.S. President, serving from 1963-1969.

Photo courtesy of http://commons.wikimedia.org.

James Madison -- $101 Million

James Madison -- $101 Million

Upon reaching maturity, James Madison inherited his father's tobacco plantation, "Belle Grove," along with its slaves. He also acquired another tobacco plantation, "Montpelier," later in life with 5,000 acres, where he retired to after he left office.

"Montpelier" was considered an architectural achievement of its time. James Madison was the 4th U.S. President, serving from 1809-1817.

Photo courtesy of http://commons.wikimedia.org.

Andrew Jackson -- $119 Million

Andrew Jackson -- $119 Million

Andrew Jackson accrued substantial wealth as an army general, slave owner, planter and merchant during the post-Revolutionary War era -- eventually becoming one of the wealthiest presidents of the 19th century.

Nicknamed "Old Hickory," he married into even more wealth and eventually acquired a prime piece of real estate, "The Hermitage," near Nashville, TN.

Andrew Jackson was the 7th U.S. President, serving from 1829-1837.

Photo courtesy of http://commons.wikimedia.org.

Theodore Roosevelt -- $125 Million

Theodore Roosevelt -- $125 Million

Theodore "Teddy" Roosevelt was born into a wealthy family, inheriting a significant trust fund. He spent most of his adult life in public service, primarily in the military and politics.

Teddy was also a prolific author, penning 18 books on a wide range of topics, including: poetry, ranching, wildlife, explorations, politics and an autobiography. His 235-acre estate, "Sagamore Hill," is the most valuable real estate plot on Long Island.

Theodore Roosevelt was the 26th U.S. President, serving from 1901-1909.

Photo courtesy of http://commons.wikimedia.org.

Thomas Jefferson -- $212 Million

Thomas Jefferson -- $212 Million

Thomas Jefferson inherited substantial wealth in the form of real estate and slaves from his father. Before his political career, Jefferson was a successful lawyer in Colonial Virginia before getting involved in politics. 

Jefferson's neoclassic Virginian mansion, "Monticello," is considered an architectural achievement of its time, and a symbol of Jefferson's impressive wealth. 

Thomas Jefferson was the 3rd U.S. President, serving from 1801-1809.

Photo courtesy of http://commons.wikimedia.org.

George Washington -- $525 Million

George Washington -- $525 Million

Washington was born into a prominent, wealthy family who owned tobacco plantations supported by vast slave labor. By age 11, he owned 10 slaves. His Virginian plantation, "Mount Vernon," sat on 8,000 acres of prime farmland with over 300 slaves.

Washington's wife, Martha, inherited a substantial amount of land from her father. Washington also made a higher presidential salary than any other president -- totaling two percent of the entire 1789 U.S. budget. 

George Washington was the 1st U.S. President, serving from 1789-1797.

Photo courtesy of http://commons.wikimedia.org.

John F. Kennedy -- $1 Billion

John F. Kennedy -- $1 Billion

John F. Kennedy was born into one of the wealthiest families in the United States. Rumor has it, Joe Kennedy, JFK's grandfather, built the family fortune through a combination of bootlegging during Prohibition and investing in the post-depression stock market.

JFK's father was the first chairman of the SEC and his wife, Jacqueline Kennedy, was an oil heiress. Nearly all of JFK's wealth came from his family's fortune, but Kennedy was assassinated before he could inherit the family estate worth approximately $1 billion in today's dollars. 

John F. Kennedy was the 35th U.S. President, serving from 1961-1963.

Photo courtesy of http://commons.wikimedia.org.


 
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