Most presidents before 1845 were extremely wealthy. For example, the richest Presidents of all time list include four of the initial seven Presidents (Washington, Jefferson, Madison and Jackson). Adjusted for inflation to 2016 dollars president names and estimates of their respective peak net worth’s entering office of the top 6 are:
1 Trump $3,100 Million
2 Washington $587 Million
3 Jefferson $236 Million
4 T. Roosevelt $139 Million
5 Jackson $132 Million
6 Madison $113 Million
Interesting enough nine past Presidents had a negative peak net worth (Buchanan, Lincoln, A.Johnson, Grant, Grant, Arthur, Wilson, Coolidge and Truman). Harry S.Truman was the poorest with much less than $1 million of assets attached to his name. In 1958 with HST experiencing financial trouble presidential pensions were 1st created. In recent years, newly elected Presidents need not worry about financial security once leaving the White House. Retirement perks for modern day Executives now extend far past modest monthly payments received via Government. With considerable income raised upon leaving office generated from public speaking alone it is little wonder that future president’s net worth have much higher peaks to climb.
It is true when analyzing historical data it can be spun in any direction. Whether or not a presidential candidate believes the idiom “Money can’t buy happiness” history has taught us money entering an election can usually favorably factor in quite a bit.