Friday, November 18, 2016
NOV 18 THE WEALTHIEST US PRESIDENTS
With the nation's 45th president all decided, many Americans are wondering: Is Donald Trump the wealthiest US President of all time? The answer is YES. In fact, the Donald is a dozen times richer than any previous Commander In Chief. However, while doing the research, we here at the DUNER BLOG were surprised at who he bumped down on the list of the TOP FIVE WEALTHIEST PRESIDENTS:
#2. George Washington. $525 million (in 2016 dollars). They didn't call him 'His Excellency' for nothing. Glorified today by silly legends, grandiose statues and ginormous monuments, the first president was financially similar to Trump. Born into an aristocratic family, George inherited an enormous amount of cash upon his father's early passing. This included Mount Vernon: 7,500 acres of farmland complete with 300 African slaves to provide guaranteed labor. After the tumultuous Revolutionary Years, Washington had to be coaxed away from the estate to lead the nation. He was lured by an enticing salary, which accounted for 2% of the entire Federal Budget of 1790.
#4. Theodore Roosevelt. $125 million. From one of Manhattan's most successful families, Theodore (he hated being called Teddy) had a rather turbulent financial life. He lost millions on a failed ranching scheme in the Dakotas. Fortunately, Roosevelt recovered nicely on his next real estate venture. He invested heavily in Long Island estates, particularly in the Hamptons. Later in life, Teddy made millions more from speaking endorsements.
#? John F. Kennedy. $1 billion. Wait! If JFK was worth a billion, why is he so low on the list? It's a Catch-22: See, John's father, Joseph Kennedy was still alive when his son was assassinated in 1963. So...had John lived another six years...he would have inherited a billion bucks upon Joseph's death. Despite this, John still had a cool $25 million in the bank. Not enough to be in the top five, but still worth mentioning.
BONUS: The poorest US President: Abraham Lincoln. He deserves to be on Mount Rushmore the most as his achievements were entirely on his own and not aided by massive financial inheritance.