The ten richest U.S. presidents

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    Feb 17, 2014 6:04 PM GMT
    10. John Fitzgerald Kennedy
    > Net worth: $1 billion (never inherited his father’s fortune)
    > In office: 1961 to 1963
    > 35th president

    Kennedy was born into wealth and married into it. His father was one of the wealthiest men in America and the first chairman of the Securities and Exchange Commission. His wife, too, was an oil heiress. Almost all of JFK’s income and property came from a trust shared with other family members.

    9. William Jefferson Clinton
    > Net Worth: $55 million
    > In office: 1993 - 2001
    > 42nd president

    Unlike other presidents, Clinton did not inherit any wealth and gained little net worth during 20 plus years of public service. After his time in the White House, however, he earned a substantial income as an author and public speaker. In 2005, Clinton earned a $15 million advance on his book “My Life.” Former Secretary Clinton's advance for her upcoming autobiography is expected to be nearly as much. In 2011, the former president was paid $750,000 alone to speak in Hong Kong for Ericsson. By 2012, the former president was estimated to have earned over $100 million. Secretary Clinton has started contributing to the family fortune since leaving office. It is reported that she earns more than $200,000 per speech.

    8. Franklin Delano Roosevelt
    > Net worth: $60 million
    > In office: 1933 to 1945
    > 32nd president

    Roosevelt’s wealth came through inheritance and marriage. He owned the 800-acre Springwood estate, as well as properties in Georgia, Maine, and New York. In 1919, his mother had to bail him out of financial difficulty. He spent most of his adult life in public service. Before he was president, Roosevelt was appointed assistant secretary of the Navy by President Wilson.

    7. Herbert Clark Hoover
    > Net worth: $75 million
    > In office: 1929 to 1933
    > 31st president

    An orphan, Hoover was raised by his uncle, a doctor. Hoover made a fortune as a mining company executive. He had a generous salary for 17 years and had extensive holdings in mining companies. Hoover donated his presidential salary to charity. He also owned “Hoover House” in Monterey, Calif.

    6. Lyndon Baines Johnson
    > Net worth: $98 million
    > In office: 1963 to 1969
    > 36th president

    Johnson’s father lost all the family’s money when LBJ was a boy. Over time, the 36th president had accumulated 1,500 acres in Blanco County, Texas, which included his home, called the Texas White House. He and his wife owned a radio and television station in Austin, Texas, and they had a variety of other moderate holdings, including livestock and private aircraft.

    5. James Madison
    > Net worth: $101 million
    > In office: 1809 to 1817
    > 4th president

    Madison was the largest landowner in Orange County, Virginia. His land holding consisted of 5,000 acres and the Montpelier estate. He made significant wealth as Secretary of State and president. Madison lost money at the end of his life due to the steady financial collapse of his plantation.

    4. Andrew Jackson
    > Net worth: $119 million
    > In office: 1829 to 1837
    > 7th president

    While he was considered to be in touch with the average middle-class American, Jackson quietly became one of the wealthiest presidents of the 1800s. “Old Hickory” married into wealth and made money in the military. His homestead, The Hermitage, included 1,050 acres of prime real estate. Over the course of his life, he owned as many as 300 slaves. Jackson entered considerable debt later in life.

    3. Theodore Roosevelt
    > Net worth: $125 million
    > In office: 1901 to 1909
    > 26th president

    Born to a prominent and wealthy family, Roosevelt received a sizable trust fund. He lost most of his money on a ranching venture in the Dakotas and had to work as an author to pay the bills. Roosevelt spent most of his adult years in public service. His 235-acre estate, Sagamore Hill, now sits on some of the most valuable real estate in Long Island.

    2. Thomas Jefferson
    > Net worth: $212 million
    > In office: 1801 to 1809
    > 3rd president

    Jefferson was left 3,000 acres and several dozen slaves by his father. Monticello, Jefferson's home on a 5,000-acre plantation in Virginia, was one of the architectural wonders of its time. He made considerable money in various political positions before becoming president, but he was mired in debt towards the end of his life.

    1. George Washington
    > Net worth: $525 million
    > In office: 1789 to 1797
    > 1st president

    Washington's Virginia plantation, Mount Vernon, consisted of five separate farms on 8,000 acres of prime farmland run by more than 300 slaves. His wife, Martha, inherited significant property from her father. As president, Washington earned well more than subsequent presidents: his salary was 2% of the total U.S. budget in 1789.


    http://finance.yahoo.com/news/ten-richest-u-presidents-173531275.html
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    Feb 19, 2014 8:46 PM GMT
    The $1 billion for JFK seems pretty unrealistic. Perhaps the entire worth of the various trusts in which the Kennedy family fortune was (and still is) invested could amount to such a sum, but I very much doubt JFK's personal net worth was anything close to $1 billion in the early '60s.
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    Feb 19, 2014 8:58 PM GMT
    I found that hard to believe as well about Kennedy, but it could be up to a billion by now if in fact it was $500,000 in 1969. I was shocked at George Washington's wealth, a half a billion that long ago, unless all of these figures are adjusted to current times.

    "Real Estate
    The Kennedy real estate holdings became legendary: family compounds at Hyannis Port on Cape Cod, and in Palm Beach, Florida, as well as homes outside New York City. Joe Kennedy held a majority ownership in the Hialeah Race Track in Miami. In 1945 Kennedy formed a trust to buy the Merchandise Mart, an enormous sales center in Chicago built by Marshall Field, which was the world’s largest building at the time.

    Hundreds of Millions
    Joe Kennedy’s money may have had unsavory sources as well. He is rumored to have imported liquor during Prohibition, working with mobsters in that industry (he later sold his legitimate liquor importing business to a known mobster named Abner “Longy” Zwillman). Joe Kennedy never publicly revealed his wealth, but the New York Times estimated his net worth at $500,000,000 when he died in 1969.

    Smart Investing
    In 1998, Merchandise Mart and other properties were sold for $625 million — a 50 year return on profit of nearly 2,000%. The Merchandise Mart was the last business the Kennedy family owned; its assets are now primarily in the form of securities. In 1990, before the stock boom of that decade, Forbes estimated the family’s wealth at $850 million."

    http://www.pbs.org/wgbh/americanexperience/features/general-article/kennedy-wealth/
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    Feb 19, 2014 9:08 PM GMT
    Draper said
    Hundreds of Millions
    Joe Kennedy’s money may have had unsavory sources as well. He is rumored to have imported liquor during Prohibition, working with mobsters in that industry (he later sold his legitimate liquor importing business to a known mobster named Abner “Longy” Zwillman). Joe Kennedy never publicly revealed his wealth, but the New York Times estimated his net worth at $500,000,000 when he died in 1969.


    Rumour schmoumour. The guy was an out and out bootlegger, on an industrial scale. In fact, he was an all round shitty piece of work, from vote rigging at home to appeasing Hitler while US ambassdor to Britain.
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    Feb 19, 2014 10:03 PM GMT
    This is ridiculous. Nobody knows what Presidents 200 years ago actually owned, and what it it was worth then, and what it would be worth today.

    You might as well rank them according to estimated IQ tests. icon_rolleyes.gif
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    Feb 20, 2014 1:51 AM GMT
    I disagree, the Bush family has billions, you just can't track it
  • PolitiMAC

    Posts: 728

    Feb 20, 2014 2:07 AM GMT
    somersault saidI disagree, the Bush family has billions, you just can't track it


    Big bad evil Bushes again, Nick?
  • HottJoe

    Posts: 21366

    Feb 20, 2014 4:35 PM GMT
    Facepalm @ George Washington

    It's funny how often American patriots evoke God---in our pledge of allegiance, our currency, etc---yet God would have to be a sadist to condone rich slave owners. I think the US would be the devils's favorite country. God would prefer the meek.
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    Feb 21, 2014 12:13 AM GMT
    HottJoe saidFacepalm @ George Washington

    It's funny how often American patriots evoke God---in our pledge of allegiance, our currency, etc---yet God would have to be a sadist to condone rich slave owners. I think the US would be the devils's favorite country. God would prefer the meek.


    A lot of people do unsavory things and profit from it. Who said God condones them?