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    How Rich Were Some Past Presidents?

    This story comes from the Yahoo! Contributor Network, where individuals publish their unique perspectives on some of the world’s most popular websites.
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    A bit of an uproar was created this week when the current front-runner for the Republican presidential nomination, Mitt Romney, hedged his bets when asked when he would release his latest tax return.

    Income and tax rates are often touchy issues for presidential candidates who usually want to appear like regular folks. But presidents, aside from their salary, are generally much richer than the average American. Let's look back at some of the richest people who have held the office of president:

    * Theodore Roosevelt -- Roosevelt was born into a prominent New York City family in 1858. His father was a wealthy merchant in the glass-making business and, as a result, young "Teddy" had a trust fund and didn't have to worry much about money. This was fortuitous given Roosevelt's bad investments as a rancher in the West while he was a young man. Still, he recovered nicely, buying what became a sprawling estate that he called Sagamore Hill overlooking Long Island Sound.

    * Andrew Jackson -- Old Hickory was not born into wealth and this is a fact that he often exploited as a way to connect with the "common man." It's a bit ironic then that he became one of the wealthiest people to ever hold the office of the presidency. Jackson's humble beginnings improved greatly when he married his wife Rachel who came from a wealthy Virginia plantation-holding family. Then, after moving to Tennessee, he amassed an enormous fortune on the backs of his slaves, eventually owning more than 300 who worked on his enormous estate in Nashville.

    * John F. Kennedy -- Kennedy's father Joseph was among the richest people in America during his lifetime. Joseph's wealth at the time of his death in 1969 was estimated at $500 million. Of course JFK, who was assassinated about a thousand days into his term in 1963, never actually inherited his father's wealth, he certainly lived the good life was a result of it and never wanted for money.

    * George Washington -- Perhaps fittingly for the father of his country, Washington was also a massive owner of it. His Virginia plantation, Mount Vernon, eventually grew to about 7,300 acres by the end of his life. His wife Martha came from one of colonial America's most elite families as well. When Washington married her in 1759, he inherited vast amounts of land, money and slaves. Washington, of course, was also a large slave owner in his own right. At the time of his death, he owned 123 slaves and had more than 300 working at Mount Vernon.

     
    • EllenA  •  4 mths ago
      A rich man can still stand up for the poor and middle class. Some have. Unfortunately, Congress is full of rich men who do not.
      • CLEWISL 4 mths ago
        It is hard to understand how a person with more money than they could spend in 20 lifetimes lets greed set in and wants more and more.
      • Todd D 4 mths ago
        They don't? What is the percentage of all money that goes to entitlement spending? I know what it is, do you? And if you don't agree with that percentage, what should that percentage be?
      • JohnL 4 mths ago
        Some rich men can stand up, but not those that were born with a platinum spoon up their butt like Willard Mitt Romney
    • Mark  •  St Louis, Missouri  •  4 mths ago
      At one time it was considered a duty of the rich to perform the 'public service' of helping to run the country and not a means to more power and wealth.
      • OG 4 mths ago
        Mark, you are so right. Now in this country we have become a people, who like the Queen of France stated, let them eat cakes. It cost her her head...Being in public office should be considered an act of good will towards all the people of this country. However, now days, it means you get to get rich on the backs of your fellow Americans....Why do you think most of them become so wealthy while in office, as well as afterwords!!!!!!!!!!!!!!!
    • damifino  •  Nashville, Tennessee  •  4 mths ago
      is this the best list you can come up with? How about how many congressmen are millionaires?...how many BECAME millionaires WHILE IN OFFICE would be even more interesting
      • Retirement-bound 4 mths ago
        Probably not too many since there are much better paying jobs in the public market. Right now Obummer makes $400,000 a year. So for 3 years pay he makes $1.6M before taxes.
      • LisaC 4 mths ago
        I think I read somewhere that of the 435 congresspeople, 3 were not millionaires. They probably are now.
      • phatdaddy 4 mths ago
        i believe that's 1.2M for three years and 1.6M for a four year term.you're never going to be able to retire with cypherin' like that !!!
    • mr. me  •  San Francisco, California  •  4 mths ago
      This dumb article never even answered its own question...how much were past presidents worth? Give me numbers, you knuckleheads.
      • A Yahoo! User 4 mths ago
        Because a millionaire in the 1800's would be a billionaire today. Hard to compare periods in history with simple numbers.
      • Joe bagofdoughnuts 4 mths ago
        Their wealth could be adjusted for inflation.
    • VTC  •  Aurora, Colorado  •  4 mths ago
      HOW MUCH MONEY DID THESE PRESIDENTS HAVE???? Wasn't the title of this story---"How Rich Were Some Past Presidents?" So how rich were they Greg Houle??
      • Abbii 4 mths ago
        Yahoo at its best
    • DSmith  •  4 mths ago
      Forgot to mention that Washington set his slaves free in his will.
    • Jammer  •  4 mths ago
      They forgot a lot of people in this list. You can't really talk about Washington being rich lets be honest when America was first started there weren't 300 million people so you could get a lot more land for very little money.
    • tbone  •  Vincennes, Indiana  •  4 mths ago
      They left off the depression presidents: Hoover, a self-made multi-millionaire and FDR another trust fund child. At the other extreme, the two presidents with the poorest upbringing: Nixon and Andrew Johnson were the only two to have impeachment proceedings against them.
    • roxupset  •  4 mths ago
      Find a Job, work a job, run the job.
    • John  •  New York, New York  •  4 mths ago
      About Washington. He thought slavery was wrong. Yes, he owned slaves but Virginia law made it impractical to free them while he was alive, so he did the next best thing. He kept their families intact, by refusing to sell them at consideravble financial loss. In his will when he could do so he freed all of his slaves and made provision for them so they could support themselves. A half truth is worse than a lie
    • Stephen  •  Pittsburgh, Pennsylvania  •  4 mths ago
      The real question is: HOW HONEST WERE SOME PAST PRESIDENTS?

      LOL; America and our focus on wealth.
    • Reverend Bob Nickerson  •  Parker, Arizona  •  4 mths ago
      So let's research the last 10 Presidents and see their net worth upon entering office and again when leaving, Be sure all off shore accounts are included
    • Don  •  Sacramento, California  •  4 mths ago
      THE moral of the story is do not ever live off the sucess of others but have the pride in knowing that everything you have was earned by your own sweat and hard labor !
    • Keeping the Faith  •  Tulsa, Oklahoma  •  4 mths ago
      Wrong as usual yahoo! Roosevelt's money came from smuggling opium and the Kennedy's vast fortune came from illegal alcohol from Joe. If you're going to tell the story at least get it right. Oh, that's right, you're the media and you don't have to tell the truth.
    • Friendly Joe  •  4 mths ago
      So the Founding Fathers were slave owners? Interesting. If I well remember the British were fighting slavery at that time.
      Could it be that freedom and democracy had a somewhat different meaning in America?
    • johnm  •  4 mths ago
      funny how the articule went to great lenghts to explain where the money came from except the Kenndy's. Bootlegging.
    • JoeM  •  4 mths ago
      Its hard to compare Washington and Jackson to Roosevelt and Kennedy.

      The first 2 married into money and worked their tails off to make their fortunes. The latter always had money.
    • JR  •  4 mths ago
      so.. um how rich were they? Lazy journalism at its finest, no estimate at all, no comparison to current candidates, just a third grade essay saying they had buttloads of money.
    • Chimooks Gotta Pay  •  Bemidji, Minnesota  •  4 mths ago
      It's interesting that Teddy had money but charged up San Juan Hill, lived out west on ranches, didn't own slaves. I'm going to the lib. today and read up on him cause I enjoy the research of it.
    • The MeXorcist  •  Los Angeles, California  •  4 mths ago
      Bill Clinton read this story and said, "So what. I had more chicks".
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