Trending News

Wealthiest U.S. Presidents: George Washington Nabs Top Spot Over Thomas Jefferson and Bill Clinton

It looks like our recent presidents still have some catching up to do. 

George Washington, America's first U.S. president, claimed the top spot for richest, according to 247 Wall St.

By today's count, Washington's property was worth a whopping $525 million. Mount Vernon, the Virginia plantation was run by 300 slaves and his luck was primarily because he married well. The former president's wife, Martha, inherited her father's property. It also didn't hurt that he was paid more in 1789, when his salary was 2 percent of the U.S. budget.

The nation's third president, Thomas Jefferson, also owned a plantation in Virginia that was 5,000 acres and cost $212 million. It was also tradition to title the homes and Jefferson appropriately named his Monticello. What makes his story unique is that he was down on his luck in wealth during the latter years of his life as he accumulated debt.

Theodore Roosevelt who was in office between 1901 and 1909, came in at number three. He owned a 235-acre Sagamore Hill estate that was a net worth of $125 million, and still remains today as one of Long Island's historical sites. 

Numbers four and five Andrew Jackson, James Madison owned homes that was worth more than $100 million. Lyndon B. Johnson came in at number six with his $98 million estate, followed by Herbert Clark Hoover, an orphan child who worked his way to the top as a mining executive, and Franklin Delano Roosevelt, who actually inherited his wealth through marriage.

Bill Clinton, the 42 president came in at ninth, earning for most of his fortune from lectures and speech fees. His net worth is $55 million. 

And who can forget the Kennedy family, one of the wealthiest in America. John F. Kennedy's net worth is estimated to be $1 billion, but he never inherited that wealth. Most of the family wealth came from income and property inherited from shared family trust funds.    


Join the Discussion
Real Time Analytics