In Guap We Trust: Presidential Net Worth

Check out a roundup of presidential net worth after the jump.

Posted:
 

The Atlantic has an interesting list of the net worth of the 43 presidents:

Having examined the finances of all 43 presidents (yes, 43; remember, Cleveland was president twice), we calculated the net worth figures for each in 2010 dollars. Because a number of presidents, particularly in the early 19th Century, made and lost huge fortunes in a matter of a few years, the number for each man is based on his net worth at its peak.

We have taken into account hard assets like land, estimated lifetime savings based on work history, inheritance, homes, and money paid for services, which include things as diverse as their salary as Collector of Customs at the Port of New York to membership on Fortune 500 boards. Royalties on books have also been taken into account, along with ownership of companies and yields from family estates.

The net worth of the presidents varies widely. George Washington was worth more than half a billion in today's dollars. Several presidents went bankrupt.

Postbourgie--where The Buzz found this link to begin with--sums it up nicely

Takeaways: Jefferson was balling; Lincoln was a relative pauper; Kennedy didn’t live long enough to inherit his family’s estate, estimated to be about a $1 billion; Clinton is worth more than Dubya; Obama is worth about 5 mil — mostly book money.

Comments
The Root encourages respectful debate and dialogue in our commenting community. To improve the commenting experience for all our readers we will be experimenting with some new formats over the next few weeks. During this transition period the comments section will be unavailable to users.

We apologize for any inconvenience and appreciate your continued support of The Root.

While we are experimenting, please feel free to leave feedback below about your past experiences commenting at The Root.