When it comes to presidents it is no secret that many of them have entered the office quite wealthy. Several had established their fortunes well before getting the stress and the salary of the highest office in the land. For many of these presidents they had a quite a nest egg built up by the time they retired, but for some it was not enough to supply their extravagant lifestyles and they ended up deep in debt by the time they died.
All of the net worths of these presidents have been adjusted to the 2010 US dollar.
Thomas Jefferson $212 million
Thomas Jefferson had a substantial fortune to his name by the end of his presidency. He inherited 5,000 acres of land from his father and became a lawyer. Through his wife’s family he inherited 11,000 acres and 135 slaves. When he ended his presidency, he founded the University of Virginia and lived an extravagant lifestyle. His spending put him in debt by the time of his death and his daughter was forced to rely on charity.
George Washington $525 million
George Washington was wealthy before he became president. He owned several large plots of Virginia land that had tobacco and wheat farms. He started off as a surveyor which was not only a well-paid position but it allowed him to purchase lucrative plots of land. After joining the military, he married Martha Dandrige Custis who was very wealthy. When he became president, 2% of the entire budget was spent as his salary, allowing him to retire as the wealthiest president to date.
Herbert Clark Hoover $75 million
Herbert Hoover was a self-made man. Orphaned at a young age he managed to go to college for geology and eventually became well-known as an expert mining consultant. He had high salary positions, his own silver mines and profits from his book to draw profits on. After his term as presidency he enjoyed his wealth and retirement, fishing, engaging in men’s clubs and writing books. His fortune served him well as he spent 31 years in retirement.