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Money and Power: The Richest and Poorest U.S. Presidents


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#1 WorkingPoor

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Posted 19 February 2012 - 03:58 AM

Any way you look at it, being a former U.S. president is a nice gig:  Between speaking fees, memoir advances, and a hefty pension (currently  $199,700 per year), the job pays pretty well. Add in the fact that it  follows a four- to eight-year run in a high-profile position that  features a $400,000 salary and covers most expenses, and you're looking  at a formula for long-term solvency.

Not surprisingly, America's presidents have generally been a wealthy  lot: Of the 44 of them, only nine weren't millionaires at one point or  another, and most managed to leave their survivors with a hefty  inheritance. Based on research by 24/7 Wall St., here's a rundown of the wealth of our nation's leaders.
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By far, the richest president was George Washington.  In addition to his own real estate holdings, he also received a lot of  land from his wife. In fact, the parcel that currently surrounds his  Mount Vernon home is only a fraction of the more than 8,000 acres he  once had. Add in the value of his 300 slaves, and you're left with a  tidy sum -- an estimated $525 million in today's dollars. And, as  frosting on the cake, there was his impressive salary, which represented  2% of the federal budget in 1789. In the context of today's budget,  that would be more than $67.2 billion -- roughly 168,000 times Obama's  salary!

http://www.dailyfina...power-politics/




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