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Yesterday we showcased the first half of the two part series releasing the list of the total net worth of all U.S. Presidents. Today we are showcasing the rest, enjoy!
His Virginia plantation, “Mount Vernon,” consisted of five separate farms on 8,000 acres of prime farmland, run by over 300 slaves. His wife, Martha Washington, inherited significant property from her father. Washington made significantly more than subsequent presidents: his salary was two percent of the total U.S. budget in 1789.
John Adams (1797-1801): $19 Million Net Worth
Adams received a modest inheritance from his father. His wife, Abigail Adams, was a member of the Quincys, a prestigious Massachusetts family. Adams owned a handsome estate in Quincy, Massachusetts, known as “Peacefield,” a working farm, covering approximately 40 acres. He also had a thriving law practice.
Thomas Jefferson (1801-1809): $212 Million Net Worth
Jefferson was left 3,000 acres and several dozen slaves by his father. “Monticello,” his home on a 5,000 acre plantation in Virginia, was one of the architectural wonders of its time. He made significant money in various political positions before becoming president, but was mired in debt towards the end of his life.
James Monroe (1817-1825): $27 Million Net Worth
Monroe’s wife, Elizabeth, was the daughter of wealthy British officer. He made significant money during eight years as president, but entered retirement severely in debt and was forced to sell Highland plantation, which included 3500 acres.
Andrew Jackson (1829-1837): $119 Million Net Worth
While he was considered to be in touch with the average middle class American, Jackson quietly became one of the wealthiest presidents of the 1800’s. “Old Hickory” married into wealth and made money in the military. His homestead ”The Hermitage” included 1,050 acres of prime real estate. Over the course of his life, he owned as many as 300 slaves. Jackson entered significant debt later in life.
Martin Van Buren (1837-1841): $26 Million Net Worth
Van Buren made substantial income as an attorney. He was one of only two men to serve as secretary of state, vice president, and president. He owned the 225-acre “Lindenwald” estate in upstate New York.
Harrison married into money – wife’s father was prominent judge and landowner. When Harrison’s mother died, he inherited 3,000 acres near Charles City, Virginia, which he later sold to his brother. He also owned “Grouseland” mansion and property, in Vincennes, Indiana. Despite his assets, Harrison died penniless, causing Congress to create a special pension for his widow.
James Knox Polk (1845-1849): $10 Million Net Worth
Like his wife, Sarah Childress, Polk’s father was a wealthy plantation owner and speculator. Polk made significant sums as speaker of the house and governor of Tennessee, and owned 920 acres in Coffeeville, Mississippi, as well as 25 slaves.
Zachary Taylor (1849-1850): $6 Million Net Worth
Taylor inherited significant amounts of land from his family, which at one point included property in Mississippi, Kentucky, and Louisiana. He made substantial money in land speculation, the leasing of warehouses, and investments in bank and utility stocks. Taylor owned a sizeable plantation in Mississippi and a home in Baton Rouge.
Millard Fillmore (1850-1853): $4 Million Net Worth
Neither Fillmore nor his wife had significant inheritance. He founded a college that is the current State University of New York at Buffalo, and his primary holding was a house in nearby East Aurora, NY.
Franklin Pierce (1853-1857): $2 Million Net Worth
Pierce’s father was frontier farmer, and his wife was well-to-do aristocrat. He served as attorney for 16 years and held property in Concord, NH.
Born in log cabin in Pennsylvania, Buchanan was one of 11 children. He was the only president never to marry. He worked for nine years as attorney, and spent 16 years in public office, including four years as secretary of state.
Abraham Lincoln (1861-1865): Less Than $1 Million Net Worth
To the log cabin born. Lincoln served as an attorney for 17 years before his presidency. He owned a single-family home in Springfield, Illinois.
Ulysses Simpson Grant (1869-1877): Less Than $1 Million Net Worth
Grant’s father was a tanner, and his wife was the daughter of a wealthy merchant. He lost his entire fortune when swindled by his investing partner. Grant owned a modest home in Galena, Illinois. Although he died with little money, his autobiography kept family afloat.
James Abram Garfield (1881): Less Than $1 Million Net Worth
Garfield was born in a log cabin in Ohio. He spent 18 years in the House of Representatives. Garfield owned “Lawnfield,” a home and small property in Mentor, Ohio. He died penniless.
Chester Alan Arthur (1881-1885): Less Than $1 Million Net Worth
The son of an Irish preacher, Arthur’s wife came a from military family. He made substantial sums as Collector for the Port of New York. His townhouse in New York was well-appointed with furniture commission from Tiffany.
Grover Cleveland (1885-1889, 1893-1897): $25 Million Net Worth
Cleveland’s father was a bookseller and preacher, and his wife was the daughter of wealthy lawyer. Cleveland served as an attorney for twelve years, and also made significant sums on sale of his estate outside of Washington, D.C. He bought “Westland Mansion” near Princeton, New Jersey
Benjamin Harrison (1889-1893): $5 Million Net Worth
Harrison had no significant inheritance of his own or from his wife’s family. He was a highly paid attorney for 18 years, and served as attorney for Republic of Venezuela. Harrison owned large Victorian home in Indianapolis, Indiana.
Theodore Roosevelt (1901-1909): $125 Million Net Worth
Born to a prominent and wealthy family, Roosevelt received a significant trust fund. He lost most of his money on a ranching venture in the Dakotas and had to work as an author to pay bills. Roosevelt spent most of his adult years in public service. His 235-acre estate, “Sagamore Hill,” sits on some of the most valuable real estate on Long Island.
William Howard Taft (1909-1913): $3 Million Net Worth
Taft’s wife’s father was a law partner of former president, Rutherford B. Hayes. Taft was president of the American Bar Association, an active attorney for nearly two decades, and only president to serve on the U.S. Supreme Court.
Woodrow Wilson (1913-1921): Less Than $1 Million Net Worth
Wilson received modest compensation as head of Princeton and Governor of New Jersey. He never served in any position that provided him with a reasonable income. Wilson had a stroke in office and died five years later.Don’t be a stranger leave a comment below and let me know what you think or send them to my Twitter. Also remember to sign up for Stocks on Wall Street’s Monthly Newsletter.