10 richest U.S. presidents before Trump takes top spot

Smiling Winking George Washington Drawing

When President-elect Donald Trump is sworn into office on Jan. 20, he will become the richest president in U.S. history. Forbes estimates Trump’s net worth at around $3.7 billion.

Based on a list compiled by 24/7 Wall St., here are the previous top 10 richest U.S. presidents, adjusted against the dollar’s loss of value over the years.

Coming in at No. 10 is John F. Kennedy, whose net worth was $1 billion. Kennedy ranks at the bottom of the top 10 because while the family fortune tops any other U.S. president’s wealth, he didn’t directly own it since it was shared in a trust with other family members.

No. 9 is Franklin D. Roosevelt, with a net worth of $66 million, and much of his wealth was inherited.

No. 8 is Bill Clinton, whose net worth is around $75 million. However, Clinton made the bulk of his fortune from speeches and book deals after he left office.

No. 7 is Herbert Hoover, with a net worth of $82 million. He made his fortune as a mining company executive and accumulated valuable holdings in several mining companies.

No. 6 is Lyndon B. Johnson, with a net worth of $108 million. Johnson inherited a small piece of land in Texas and built it up into the 1,500-acre ranch that became known as the Texas White House.

No. 5 is James Madison, with a net worth of $112 million. The fourth president’s fortune came from real estate after he inherited land from his father.

No. 4 is Andrew Jackson, with a net worth of $131 million. Jackson became wealthy from land speculation and was one of three investors who founded Memphis.

No. 3 is Theodore Roosevelt, with a net worth of $138 million. The 26th president was born into a wealthy New York City family and made money from valuable real estate.

No. 2 is Thomas Jefferson, with a net worth of $234 million. Like other presidents, he also inherited a real estate fortune.

And the No. 1 spot goes to…

Our nation’s first president, George Washington, with a net worth of $580 million. Washington made most of his fortune as a land speculator.


This entry was posted in Articles. Bookmark the permalink.