5 Wealthiest U.S. Presidents

AAA

Wealthiest U.S. Presidents

It is widely speculated that former presidential candidate Mitt Romney has a personal net worth somewhere between $190 million and $250 million. With most of this money in the bank, he would have been one of the wealthiest U.S. presidents if elected. Making a true comparison among past presidents is more difficult given it has now been more than two centuries since George Washington served in office back in 1789. An attempt has been made to estimate a comparison over the last couple of centuries.

George Washington

Washington was the first president and was born into a family with vast land holdings. His home, Mount Vernon in Virginia, totaled thousands of acres and he held acreage in parts of West Virginia as well. The value has been pegged north of $500 million, but the vast majority was certainly not liquid. However, the land provided him with great wealth and productive farmland to generate a more than sufficient living income.

Thomas Jefferson

Jefferson served as the third president starting in 1801 and is considered another founding father instrumental to the early years of the United States. His estimated net worth was less than half of Washington's at just over $200 million, but it was enough to qualify him as the second wealthiest president. In similar fashion to Washington, this worth was tied up in land holdings south of Washington in Virginia. His homestead is known as Monticello and, like Mount Vernon, is in existence today as a historical site for tourists to visit. At its peak, it was estimated to consist of around 5,000 acres of land that was farmed and held great value to his family.

Theodore Roosevelt

Jumping forward a century, Roosevelt served as the 26th president starting in 1901. His net worth has been pegged at $125 million, which stems from family wealth. His land holdings are said to range from ranching acreage in the Dakotas to a couple of hundred acres in Long Island close to where he grew up in New York.

Andrew Jackson

Backtracking more than seven decades, Jackson served as the seventh president starting in 1829. Land was again the name of the game, and it contributed to Jackson's estimated net worth of nearly $120 million. The acreage existed near Nashville, Tenn., and his homestead is known as the Hermitage.

James Madison

Returning to earlier years, back to Virginia and another Founding Father, James Madison served as the fourth president starting in 1809. His homestead is known as Montpelier and consisted of 5,000 acres with an estimated total net worth just north of $100 million.
Related Articles
  1. Managing Wealth

    How Wealthy Are The Presidential Candidates?

    Here's an overview of where their money comes from and who makes the most.
  2. Markets

    5 Presidents Who Couldn't Secure A Second Term

    These U.S. presidents couldn't get re-elected because of policy, stiff competition or lackluster performances in their first terms.
  3. Managing Wealth

    3 Of The Most Lucrative Land Deals In History

    Some modern real estate purchases may seem overly expensive, but they are nowhere close to the priciest land deals in history.
  4. Personal Finance

    Average Net Worth Of The 1%

    Here's a look at how much the super-rich in the world are really worth.
  5. Markets

    Guide To Oil And Gas Plays In North America: Marcellus

    The Marcellus shale is located in the Appalachian Basin and extends from southern New York to the western tip of Virginia from north to south. From east to west it begins at the eastern most ...
  6. Insights

    The Presidential Second Term Curse

    Find out why the general prognosis is that second-term presidents often leave office with the economy in worse shape than when their term started.
  7. Managing Wealth

    How to Keep a Land Investment From Going Bust

    Investing in land can yield big returns. But investors should consider their goals, as well as the following details, to make the deal a success.
  8. Insights

    Top 10 Wealthiest Families in the World

    Find out how much money it takes to land on the list of the 10 wealthiest families in the world, and why nobody is really sure what it takes to be number one.
  9. Markets

    The Field So Far: US 2016 Presidential Candidates

    Over the past several months, there has been a lot of speculation as to who will make a run at the Republican and Democratic nominations.
  10. Investing

    Who Are the 7 Wealthiest Congressmen?

    A look at how the seven wealthiest members of the House of Representatives made their fortune.
Hot Definitions
  1. Sell-Off

    The rapid selling of securities, such as stocks, bonds and commodities. The increase in supply leads to a decline in the ...
  2. Brazil, Russia, India And China - BRIC

    An acronym for the economies of Brazil, Russia, India and China combined. It has been speculated that by 2050 these four ...
  3. Brexit

    The Brexit, an abbreviation of "British exit" that mirrors the term Grexit, refers to the possibility of Britain's withdrawal ...
  4. Underweight

    1. A situation where a portfolio does not hold a sufficient amount of a particular security when compared to the security's ...
  5. Russell 3000 Index

    A market capitalization weighted equity index maintained by the Russell Investment Group that seeks to be a benchmark of ...
  6. Enterprise Value (EV)

    A measure of a company's value, often used as an alternative to straightforward market capitalization. Enterprise value is ...
Trading Center