Feb 15 2013

 

 

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With President's Day weekend upon us, the usual survey's about the President's are released to the public. 24/7 Wall Street, using today's dollar's, figured out who were the ten richest President's in American history. A number of President's inherited their wealth such as the Franklin Roosevelt, Teddy Roosevelt, both Bushes and John Kennedy.

A number of Presidents really struggled with money especially Lincoln, Buchanan, Johnson, Grant, Hayes and Garfield. Some of the President's made a good deal of money but then lost it. A surprising large number on the list had financial problems later in life. This list calculates their worth at their best point.

Among the current living Presidents, Bill Clinton is the only living President on the list. He is worth $55 million which puts him number nine on the list.

Here are the top five wealthy President's:

1. George Washington

- Net worth: $525 million
- In office: 1789 to 1797
- 1st president

His Virginia plantation, Mount Vernon, consisted of five separate farms on 8,000 acres of prime farmland, run by more than 300 slaves. His wife, Martha Washington, inherited significant property from her father. Washington made well more than subsequent presidents: his salary was 2% of the total U.S. budget in 1789.

2. Thomas Jefferson

- Net worth: $212 million
- In office: 1801 to 1809
- 3rd president

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 considerable money in various political positions before becoming president, but was mired in debt towards the end of his life.

3. Theodore Roosevelt

- Net worth: $125 million
- In office: 1901 to 1909
- 26th president

Born to a prominent and wealthy family, Roosevelt received a sizable 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, now sits on some of the most valuable real estate on Long Island.

4. Andrew Jackson

- Net worth: $119 million
- In office: 1829 to 1837
- 7th president

While he was considered to be in touch with the average middle-class American, Jackson quietly became one of the wealthiest presidents of the 1800s. “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 considerable debt later in life.

5. James Madison

- Net worth: $101 million
- In office: 1809 to 1817
- 4th president

Madison was the largest landowner in Orange County, Va. His land holding consisted of 5,000 acres and the Montpelier estate. He made significant wealth as Secretary of State and president. Madison lost money at the end of his life due to the steady financial collapse of his plantation.

You can see the remaining ten by clicking here.....