Top 10 richest U.S. presidents

As presidential hopeful Hillary Clinton releases her latest tax returns, American voters get a closer look at the Clinton family wealth. To see how it stacks up with past presidents, here are the top 10 richest presidents in U.S. history, as estimated by 24/7 Wall St.

The amounts are adjusted for inflation and represent the peak wealth of each president.

 

100464906-Gilbert_Stuart_Williamstown_Portrait_of_George_Washington.720x405After an early career as a land surveyor, the country’s first president amassed his wealth as a land speculator in the new nation.

His sprawling Virginia plantation, Mount Vernon, included five separate farms on 8,000 acres of prime farmland. His wife, Martha Washington, inherited significant property from her father.

 

 

103865551-GettyImages-544176494.720x405Another president who inherited a real estate fortune, Jefferson was left 3,000 acres and several dozen slaves by his father. He also made money in various political positions before becoming president.

Jefferson designed and built Monticello, his home on a 5,000-acre plantation in Virginia. But after leaving the White House, he lost money on the business and ran up large debts toward the end of his life.

 

 

103865571-President_Roosevelt_-_Pach_Bros.720x405Teddy Roosevelt was born to a prominent and wealthy New York city family that traced its roots to one of the earliest 17th-century settlers of New Amsterdam. The family enterprises also included a hardware and industrial glass company.

As a young man, Roosevelt received a trust fund that he later depleted with failed land investments in the Dakotas. But he made money on other land holdings; his 235-acre estate, Sagamore Hill, now sits on some of the most valuable real estate on Long Island.

 

103865784-Andrew_jackson_head.720x405

 

Though his political popularity drew from his appeal to the middle class, Jackson made his early fortune in land speculation in the Tennessee frontier and was one of three investors who founded Memphis.

He later bought a 640-acre plantation known as the Hermitage near Nashville.

 

 

103865786-James_Madison.720x405

Madison’s fortune was in real estate, consisting of some 5,000 acres, including his estate called Montpelier. Starting with land inherited from his father, he eventually became the largest landowner in Orange County, Virginia.

After serving as president, he retired to Montpelier to manage his tobacco plantation. But a collapse in tobacco prices brought financial losses that forced him to sell off a sizable portion of his land.

 

 

Read more about it on CNBC: http://cnb.cx/2aWKul5

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2017-07-28T13:18:29+00:00

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