45 individual presidents of the United States have been in office, beginning with George Washington in 1789 and ending with Joe Biden in 2017. Grover Cleveland held the presidency for two non-consecutive terms, first from 1885 to 1889 and then from 1893 to 1897, making Joe Biden the 46th President.
However, the United States has had a total of only 45 presidents since the country’s founding. Presidents of the United States, as you may have noticed, have not been a very diverse bunch of people. Only one of America’s presidents has been a non-white man.
However, this does not imply that every President has been immensely wealthy prior to their election–at least not in the immediate aftermath. Presidents from a wide range of economic backgrounds have served in the White House. When it comes to the wealthiest and poorest presidents, we’ve seen both.
Presidents who stepped down from the White House have earned fortunes through book sales, consultancy, speaking engagements, and other avenues. While we’re on the subject of slavery, we’d like to point out that several early Presidents counted slaves as assets in their wealth. We get a few objections from those who think we’re trivializing slavery by including it in someone’s net worth when we write about early Presidential wealth.
In no way are we trivializing slavery. The truth is that in the 1700s and 1800s, owning a large number of slaves was a highly valuable asset, and in some cases, the most precious asset of all.
In my opinion, being President of the United States is among the world’s most prestigious positions. You not only get access to Air Force One, Camp David, and the White House as the world’s most powerful person, but you also earn a substantial salary in addition to these fantastic privileges.
For the past ten years, the President’s pay has been $400,000. A travel and entertainment fund of $200,000 is also available to the President. As of today’s inflation-adjusted money, the President’s salary was $25,000, which is equivalent to around $673,000.
Pay rose to $50,000 in 1873 ($992,000 in today’s dollars). The wage was first raised to $75,000 in 1909 ($1.9 million), then to $100,000 ($967,000) in 1949 ($1.2 million), and finally to $200,000 ($1.2 million) in 1969 ($1.2 million).
The final benefit of being President is that you will receive an annual pension of $199,000 when you step down from office. Additional benefits include Secret Service security for life, a private office, and medical insurance worth $100,000 per year.
After 1958, Presidents were permitted to take advantage of this final privilege. Let’s take a look at each President’s inflation-adjusted net worth, starting with the wealthiest and working our way down to the poorest!
Thomas Jefferson Quotes:-
- Thomas Jefferson was a prolific writer. His papers at the Library of Congress are a rich storehouse of his thoughts and ideas expressed both in official correspondence and in private letters. This brief selection suggests something of what awaits users’ own online investigations into the writings of the man who was the third president of the United States, the founder of the University of Virginia, and the author of the Declaration of Independence.
- “We hold these truths to be self-evident: that all men are created equal. . . .”
Declaration of Independence, July 4, 1776
- “it is the great parent of science & of virtue: and that a nation will be great in both, always in proportion as it is free.”
Thomas Jefferson to Joseph Willard, March 24, 1789
- “Our liberty depends on the freedom of the press, and that cannot be limited without being lost.”
Thomas Jefferson to Dr. James Currie, January 28, 1786
- “Nothing can now be believed which is seen in a newspaper. truth itself becomes suspicious by being put into that polluted vehicle.”
Thomas Jefferson to John Norvell, June 11, 1807
- “I, however, place economy among the first and most important republican virtues, and public debt as the greatest of the dangers to be feared.”
Thomas Jefferson to William Plumer, July 21, 1816
- “Bigotry is the disease of ignorance, of morbid minds; enthusiasm of the free and buoyant. education & free discussion are the antidotes of both.”
Thomas Jefferson to John Adams, August 1, 1816
- “What a stupendous, what an incomprehensible machine is man! Who can endure toil, famine, stripes, imprisonment & death itself in vindication of his own liberty, and the next moment . . . inflict on his fellow men a bondage, one hour of which is fraught with more misery than ages of that which he rose in rebellion to oppose.”
Thomas Jefferson to Jean Nicholas Demeunier, January 24, 1786
- “yet the hour of emancipation is advancing . . . this enterprise is for the young; for those who can follow it up, and bear it through to its consummation. it shall have all my prayers, and these are the only weapons of an old man.”
Thomas Jefferson to Edward Coles, August 25, 1814
- “the two principles on which our conduct towards the Indians should be founded, are justice & fear. after the injuries we have done them, they cannot love us . . . .”
Thomas Jefferson to Benjamin Hawkins, August 13, 1786