Money talks in US politics, and nowhere is that more apparent than in respect of the net worth of some of America's wealthiest presidents.
U.S. President Donald Trump speaks speaks during a Roosevelt Room event at the White House February 6, 2019 in Washington, DC. President Trump announced his pick of Under Secretary of the...
When Donald Trump won the 2016 presidential election, he topped the list as America's wealthiest president to date. Prior to becoming president, Forbes had Trump worth $4.5 billion.
Here are some of America's wealthiest presidents (in 2016 dollars):
James Madison (1809-1817)
Madison was worth $112 million. America's fourth president had a land holding which consisted of 5,000 acres and the Montpelier estate. He was, in fact, the largest landowner in Orange County. But he lost his money later on in life due to the financial collapse of his plantation.
Andrew Jackson (1829-1837)
During his lifetime, Andrew 'Old Hickory' Jackson was worth $131 million. The seventh President prided himself on being in touch with the ordinary American citizen, but he was accruing considerable wealth. He became one of the richest men of the 1800s. Not only did he make money, but he married into wealth too. His estate, The Hermitage, provided him with 1050 acres of real estate. The majority of his wealth came from the cotton produced at the Hermitage.
U.S. President Theodore Roosevelt at Desk, Washington DC, USA, circa 1906.
Theodore Roosevelt (1901 to 1909)
The 26th president accrued a net worth of $138 million. Theodore Roosevelt was born into wealth and he received a substantial trust fund, but a ranching venture in the Dakotas cost him much of his fortune. He became an author to pay off his debts whilst dedicating most of his life to public service. Roosevelt's 235-acre estate, Sagamore Hill, sits on some of the most valuable real estate in Long Island.
Thomas Jefferson (1801-1809)
The third president of the United States, Thomas Jefferson inherited 3000 acres of land from his late father. He was once worth $234 million and he made this in the main from positions he occupied prior to his presidency. His 5000-acre plantation in Virginia, Monticello, was considered an architectural masterpiece.
George Washington (1789-1797)
The first president of the United States was fortunate enough to marry into wealth. His wife, Martha, inherited property from her father, which included the Custis estate that is worth $10 million today. He became one of Virginia's wealthiest men as a result. Mount Vernon, Washington's plantation, consisted of 8000 acres of prime farmland. His net worth was estimated at $580m in 2016 dollars.
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