The 5 Richest Presidents In History Have Nothing On Donald Trump's Net Worth
Donald Trump's surname often evokes images of wealth and grandeur, but it might not mean the same thing when it's plastered across a campaign poster. On Tuesday, headline after headline and tweet after tweet blasted Trump's presidential campaign for having relatively little money — a mere fraction of what Hillary Clinton's campaign has reported. If elected, Trump could be among the richest presidents in the U.S. history. But for now, his campaign's bank accounts are raising doubt about whether or not he'll make it to the White House.
At the beginning of June, Trump's campaign had just $1.3 million in the bank. Meanwhile, it was paying Trump's own companies and family members hundreds of thousands of dollars for events, refreshments, and the like. According to the Associated Press, the Trump campaign even purchased $4.7 million worth of hats and T-shirts from a company connected to Trump's son, Eric.
To Trump's credit, maybe he doesn't need the same arsenal of blank checks other candidates have used in order to win the White House. After all, he seems to have done pretty well at the polls so far, even despite the attacks coming at him from both sides of the aisle. When you put the campaign finances aside, Trump's personal wealth would easily make him the richest president in the U.S. has ever seen. His net worth sits at an estimated $4.5 billion, which makes the Clintons' combined $110 million net worth — as well as that of pretty much every other president in U.S. history — look like pocket change. To let that sink in, here's a comparison:
1. John F. Kennedy
JFK didn't live to actually inherit his family's fortune, but he certainly wasn't lacking for money. He came from one of the wealthiest families in the country, with an estimated estate worth of nearly $1 billion. In 2013, Kennedy's daughter Caroline reported her net worth to be in the neighborhood of $500 million.
2. George Washington
When adjusted for inflation, George Washington's net worth is estimated to be around $525 million. Washington accumulated some of his money from his wife's family, although he was plenty wealthy on his own. He owned more than 8,000 acres of land in Virginia.
3. Thomas Jefferson
It pays to write the Declaration of Independence. Jefferson reportedly died with lots of debt, but he inherited lots of land from his father, which set him up pretty well even before becoming president. His net worth, in modern dollars, is estimated at $212 million.
4. Theodore Roosevelt
Theodore Roosevelt's net worth is estimated to be $125 million. Today, that wealth is embodied in part by his old summer home on Long Island, called Sagamore Hill.
5. Bill Clinton
If you ask the former first lady, the Clintons were basically broke when they left the White House in 2001. Today, Bill's net worth sits at around $80 million, while Hillary's is just north of $30 million, giving them a combined net worth of more than $110 million. The joint total, accumulated largely through speaking fees and book deals, earns them the fifth spot on this list.
If elected — and that's still a big "if" — Trump would indeed become the richest president in U.S. history. Meanwhile, his campaign could go down as the one of the least expensive presidential campaigns run in recent history. As one final note for perspective, President Obama's net worth is estimated to be somewhere north of just $7 million, while his first presidential campaign in 2008 was part of the costliest campaign cycle in history.