America has had 46 presidents so far. Donald Trump who has a fortune of about $3 billion is the wealthiest president in American history. The current president Joe Biden has an estimated net worth of $8 million. George Washington, the nation’s first president, and Bill Clinton, the 42nd president are some of the richest American presidents.
According to Investopedia, James A. Garfield, Chester Arthur, Woodrow Wilson, Calvin Coolidge, and Harry S. Truman are some of the poorest people to become president of the United States. So who are the 10 richest American presidents?
1. Donald Trump: $3 Billion
Donald Trump served as the 45th president of the United States from 2017 to 2021. According to Forbes, Trump has a fortune of $3 billion and is the wealthiest American president. He’s also the only billionaire president in the history of the country.
Donald Trump owns the Trump Organization, a corporation with about 500 business entities founded by his father in 1927. The former president joined his father’s business after completing college and became its president in 1971. The Trump organization owns and manages several buildings, hotels, resorts, and golf courses around the world. According to Forbes, a majority of Trump’s wealth comes from his New York City real estate portfolio.
Donald Trump owns the Trump Tower and Trump World Tower in NYC, the Trump International Hotel and Tower Chicago, the Trump Building at 40 Wall Street, and 17 golf courses across the U.S, UAE, Ireland, and Scotland. The Trump Organization also owns Trump Winery in Virginia. Donald Trump is the only federal officeholder to have been impeached twice in United States history.
Related: Donald Trump’s net worth
2. George Washington: $587 million
George Washington was the first president of the United States who was in office from 1789 to 1797. He died in 1799 at the age of 67 due to a throat infection. During his term in office, the president’s salary was 2% of the national budget. His wealth mainly comes from the 8,000 acres of farmlands that he owned in Mount Vernon. According to Entrepreneur, George Washington also owned land in New York, the District of Columbia, and the Ohio Valley.
His wife, Martha also brought a significant amount of inherited wealth to the president’s family. After his death, Washington’s land estate was valued at about $525,000 which is equivalent to about $587 million today. The former president had more than 577 slaves who worked at his farms. He was also a surveyor and military officer.
3. Thomas Jefferson: $236 million
Thomas Jefferson was an architect and lawyer who served as the third president of America from 1801 to 1809. He also served as the country’s second vice president under John Adams (2nd U.S president) as well as the first United States secretary of state under President George Washington. According to Ranker, Thomas Jefferson is the third wealthiest president in American history.
The former president inherited about 3,000 acres of land near present-day Charlottesville, Virginia. He built his main residence in Monticello and expanded his estate to 5,000 acres. He also owned more than 600 slaves during his lifetime which was one measure of wealth. However, several sources state that Thomas Jefferson was in huge debt by the time he died in 1826. His family was forced to sell his plantations and Monticello estate due to this huge debt.
4. Theodore Roosevelt: $140 million
Roosevelt is one of the richest American presidents with a fortune of $140 million. He served as the 26th president of the country from 1901 to 1909. He also served as the 25th vice president from March to September 1901 under William McKinley as well as the 33rd governor of New York from 1899 to 1900. Roosevelt became president after the assassination of McKinley on September 6, 1901.
Entrepreneur reports that Roosevelt inherited about $60,000 ($1.3 million today) from his father in 1878 when he was a 19-year old student at Harvard. Roosevelt assumed presidency at the age of 42 and remains the youngest person to become president of the United States.
Related: The richest person in each state
5. Andrew Jackson: $132 million
Although Andrew Jackson grew up in poverty, he ended up being one of the richest American presidents. Entrepreneur reports that Jackson married Rachel Donelson who came from a wealthy family. He also owned an estate of more than 1,000 acres known as Hermitage in Tennessee where he grew cotton.
He bought and sold slaves and had about 160 of them who worked on his plantation. The former president also reportedly massacred native Americans and forced them off their land. Andrew Jackson served as the 7th president of America from 1829 to 1837. He also served as a general in the United States Army before becoming president.
6. James Madison: $113 million
James Madison served as the 4th American president from 1809 to 1817. He also served as the Secretary of State from 1801 to 1809 when Thomas Jefferson was president. Madison was born into a prominent Virginia planter family and was a wealthy slave owner. He inherited large tobacco plantations in Virginia from his father James Sr. as well as several dozen slaves among other possessions.
Madison died in 1836 at the age of 85. The former president had a height of only five feet and four inches and never weighed more than 45 kg and is regarded as the most diminutive president.
7. Lyndon B. Johnson: $109 million
He served as the 36th president of the United States from 1963 to 1969. He was also the country’s 37th vice president from 1961 to 1963 under president John F. Kennedy. Lyndon also served as a U.S. representative, U.S. Senator, and the Senate’s majority leader and is one of the few American presidents who have served in all elected offices at the federal level.
According to NBC News Lyndon together with his wife Claudia owned a radio and television station in Austin Texas. He also had about 1,500 acres of land in Texas including 250 acres that were given to him by an aunt in 1951. Lyndon built his home known as the “Texas White House” on the estate and had more than 400 herds of cattle. He also owned other moderate holdings such as private aircraft.
8. Herbert Hoover: $83 million
Herbert Hoover is one of the richest American presidents. He served as the nation’s 31st president from 1929 to 1933. Herbert also served as the 3rd U.S. secretary of commerce before becoming president. Hoover was an orphan and was brought up by his uncle who was a doctor. He made most of his fortune while working as an executive for a mining company. He had a good salary and worked there for 17 years.
Before joining politics, Hoover founded a mining company which later became the Rio Tinto Group. He owned a mansion nicknamed “Hoover House” in Monterey, California. By the time he became president he was quite wealthy and donated his presidential salary to charity.
9. Bill Clinton: $75 million
He served as the 42nd American president from 1993 to 2001. Clinton also served as the governor of Arkansas from 1979 to 1981 and again from 1983 to 2001. The former president left the white house in debt mainly because of the large legal fees he incurred during his presidency.
Together with his wife Hillary Clinton, Bill made a fortune by publishing books and giving paid speeches after leaving the white house. In 2016 Forbes reported that the couple made about $240 million between 2001 and 2015 mainly from authoring books and paid speeches. Bill has given many paid speeches every year since 2001 and makes anywhere from $100,000 to $300,000 for every speech. He was paid $500,000 for a speech in Moscow by a Russian investment bank.
10. Franklin D. Roosevelt: $66 million
Franklin was born into a wealthy family and inherited his wealth. His wife Eleanor also came from a rich family. He owned an 800-acre estate in Springwood and other properties in Maine, Georgia, and New York. According to Ranker, Roosevelt also earned more than $950,000 every year while serving as president.
Franklin served as the 32nd president of the United States from 1933 to 1945. He died in office after contracting a paralytic illness. Roosevelt is considered by Historians one of the greatest presidents in United States history.
Only time will tell whether America will have a president richer than Donald Trump. John Tyler, Barack Obama, George W. Bush, James Monroe, and Martin Van Buren are some of the other wealthy U.S. presidents.