The Wealthiest And The Poorest Presidents

The American Presidents have varied greatly in wealth acquired or inherited in their lifetimes.

Some were born poor, such as Andrew Johnson, Richard Nixon, and Bill Clinton, due to family circumstances, with Clinton and Nixon acquiring wealth in their lifetimes, but Johnson would still be the seventh poorest President at death, according to statistics.

Materials gathered by scholars have led to conclusions on the net worth of our 44 Presidents, including their post Presidential years.

Easily, at least by the knowledge we have now, Donald Trump is likely the wealthiest President, although subject to change by further Congressional investigation of Trump’s finances, sure to come in the 116th Congress by congressional subpoenas. By estimate, Trump is wealthier than all the other 43 men who have been President of the United States.

After Trump, probably John F. Kennedy, had he not been assassinated, would have inherited close to $1 billion later in his life.

Other than Trump and Kennedy, George Washington would be considered the wealthiest President, in modern terms, around $580 million.

Behind him would be Thomas Jefferson ($234 million); Theodore Roosevelt ($138 million); Andrew Jackson ($131 million); James Madison ($112 million); and Lyndon B. Johnson ($108 million), with all those numbers being estimates.

Other Presidents who had substantial estimated wealth would include Herbert Hoover ($82 million; Bill Clinton ($75 million); Franklin D. Roosevelt ($66 million); and John Tyler ($57 million). Clinton acquired most of his wealth post Presidency by speeches and authored books, and will likely rise much higher if he lives a long life.

At the other end of the scale, we had 13 Presidents who had $1 million or less wealth by all estimates, in 2016 dollars, including in ranked order:

William McKinley

Warren G. Harding

James Buchanan

Abraham Lincoln

Andrew Johnson

Ulysses S. Grant

James A. Garfield

Chester Alan Arthur

Woodrow Wilson

Calvin Coolidge

Harry Truman

Notice that the bulk of these Presidents served in the years from Buchanan to McKinley, the last half of the 19th century, a total of seven out of eleven Presidents.

The three Presidents from Wilson through Coolidge also are on this list, and Harry Truman ends up as the least prosperous President at his death, as compared to Andrew Johnson the poorest at birth.

Barack Obama is rated just below John Tyler at number 13 on the wealth list at an estimated $40 million, with potential over a long lifetime to become one of the top few wealthiest Presidents by speeches, books, and other activities due to the stature and prestige of being a former President in modern times.

Other Presidents are rated in the middle on wealth, such as George W. Bush at $39 million; George H. W. Bush at $26 million; John Quincy Adams at $23 million; John Adams at $21 million; Richard Nixon at $17 million; Ronald Reagan at $14 million; Dwight D. Eisenhower at $9 million; and Gerald Ford and Jimmy Carter at $8 million each.

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