Special Report
The Net Worth of the American Presidents: Washington to Trump
February 26, 2019 12:00 pm
Last Updated: March 20, 2020 2:00 pm
Chester Alan Arthur
> Term: 1881-1885 (21st president)
> Peak net worth (in current dollars): < $1 million
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 commissioned from Tiffany.
Grover Cleveland
> Term: 1885-1889, 1893-1897 (22nd, 24th president)
> Peak net worth (in current dollars): $28.3 million
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 the sale of his estate outside of Washington, D.C. He bought “Westland Mansion” near Princeton, New Jersey.
Benjamin Harrison
> Term: 1889-1893 (23rd president)
> Peak net worth (in current dollars): $6.1 million
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 the Republic of Venezuela in a border dispute. Harrison owned large Victorian home in Indianapolis, Indiana.
William McKinley
> Term: 1897-1901 (25th president)
> Peak net worth (in current dollars): $1.0 million
McKinley had no significant inheritance. He held many public service positions across 30 years, including serving as a local prosecutor and a member of the House of Representatives. McKinley went bankrupt during the depression of 1893 while he was Governor of Ohio.
Theodore Roosevelt
> Term: 1901-1909 (26th president)
> Peak net worth (in current dollars): $139.7 million
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.
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