Some of nan earliest U.S. presidents were besides nan wealthiest erstwhile they entered office. In nan modern era, U.S. presidents typically amass nan bulk of their wealthiness done media deals and quality fees, aft they time off office.
Former President Trump, however, is among nan wealthiest Americans ever to service arsenic president of nan United States, pinch an estimated wide nett worthy of $3.7 cardinal astatine nan clip of his inauguration successful 2016, according to Forbes. He's an outlier, though, according to statesmanlike historiographer Barbara A. Perry, who notes that astir "presidents aft nan Civil War were not able business people, they didn't travel from money."
As examples, she referred to Bill Clinton, nan 42nd U.S. President, and Barack Obama, nan 44th president, neither of whom came from money, aliases had overmuch individual wealthiness erstwhile they entered office.
"They came from nothing. They're not elite," she told CBS MoneyWatch. "They made their ain measurement successful nan world done scholarly prowess and came to nan White House pinch very small successful their pockets successful position of money." Each has made tens of millions since leaving office, however.
Here is really nan richest erstwhile U.S. presidents rank successful position of their highest individual wealth, according to a study from 24/7 Wall St. The study calculates erstwhile presidents' individual nett worthy based connected their incomes, existent property holdings, spouses' wealthiness and inheritances. All figures are adjusted for inflation.
Richest U.S. presidents ever
1. Donald J. Trump ($3.7 billion)
Former President Trump's existent nett worthy is moreover higher today, pegged astatine $5.5 billion, according to Forbes. It comprises his net done existent property investments and holdings, positive his liking successful Trump Media & Technology Group, which has knowledgeable immoderate wild swings successful its marketplace value this month.
2. John F. Kennedy ($1.3 billion)
Most of Kennedy's wealthiness was inherited, statesmanlike historiographer Douglas Brinkley told CBS MoneyWatch. His father, Joe, made a ample luck arsenic an investor.
3. George Washington ($708.5 million)
Like galore early presidents, George Washington was a able onshore owner. "Our first president was rich, he owned a batch of existent estate," Brinkley said. "In his day, George Washington was exceedingly wealthy," he added.
Other traits besides group nan nation's laminitis apart, according to Perry. "In Washington's case, he was very astute astir farming and rotating his crops. He grew baccy and corn, and utilized maize to make whiskey, which is wherever a batch of his wealthiness came from," she said.
4. Thomas Jefferson ($285.8 million)
Thomas Jefferson's wealthiness was inherited done onshore from his father.
5. Theodore Roosevelt ($168.6 million)
Theodore Roosevelt besides came from a able family, and inherited money.
6. Andrew Jackson ($160.1 million)
Andrew Jackson was a able plantation owner. Slavery was nan superior root of nan seventh president's individual wealth, according to nan White House Historical Association.
7. James Madison ($136.7 million)
James Madison was calved to wealthy, plantation-owning parents.
8. Lyndon B. Johnson ($131.9 million)
The main root of Lyndon B. Johnson's wealthiness came from his wife, Lady Bird Johnson's family, who owned a tv and power position business.
9. Herbert Hoover ($100.1 million)
Herbert Hoover became a multimillionaire done his ownership of Burmese metallic mines, and by earning royalties from income of a textbook connected mining engineering, according to nan Miller Center astatine University of Virginia.
10. Bill Clinton ($91.6 million)
Bill Clinton became able upon leaving The White House successful 2001, astatine nan extremity of his 2nd term.
"Bill Clinton came from nothing, and didn't make a batch of money successful office," Brinkley said. "He didn't ain a residence for his 8 years arsenic president," Brinkley said. "The windfall came ex-presidency."
Megan Cerullo
Megan Cerullo is simply a New York-based newsman for CBS MoneyWatch covering mini business, workplace, wellness care, user spending and individual finance topics. She regularly appears connected CBS News 24/7 to talk her reporting.