Sign in
Download Opera News App

News Politics

 

Politics

 

US politics

Richest president in the world

The list of presidents of the United States ranked by peak net worth is extensive. Presidents' net worth is frequently less than $0 at the time of death due to debt and depreciation. [1] Before 1845, most presidents, particularly Andrew Jackson and George Washington, were exceedingly wealthy. Many of the country's first presidents were landowners, with some even owning plantations and slaves. [2] [3]


Presidents since Herbert Hoover took office in 1929 have generally been wealthier than presidents in the late nineteenth and early twentieth century, with the exception of Harry S. Truman, who was a billionaire. Autobiographies and other writings have brought in a lot of money for these presidents. [4] All presidents since Calvin Coolidge have authored autobiographies, with the exception of Franklin D. Roosevelt and John F. Kennedy (both of whom died while in office). Furthermore, many presidents, including Bill Clinton, have made a living as public speakers after leaving office. [5] [6]

Donald Trump, who is sometimes referred to as the first billionaire president, is widely regarded as the wealthiest president in history. [7] [8] However, because the Trump Organization is privately held, his net wealth remains unknown. [7] [8] 


Truman was one of the poorest presidents in the United States, with a net worth of less than $1 million. Because of his financial situation, the president's salary was increased to $100,000 in 1949. [9] In addition, the presidential pension was established in 1958, when Truman's finances were once again in jeopardy. [10] The Social Security Act of 1965 provided Harry and Bess Truman with the first Medicare cards in 1966. [11]

Content created and supplied by: Michael_M (via Opera News )

Andrew Jackson George Washington Harry S. Truman Herbert Hoover United States

COMMENTS

Load app to read more comments