This Is the Poorest President in History – 24/7 Wall St.

 This Is the Poorest President in History – 24/7 Wall St.

People often associate U.S. presidents with wealth. Donald Trump is a billionaire (according to him). John F. Kennedy’s family had a huge fortune. The Roosevelts were from money. The Bush family’s wealth came from investment banking. George Washington owned a tremendous amount of land. (This is where America’s presidents are buried.)

Not all presidents, however, were rich, or even middle class, by the measure of their times. Abraham Lincoln was born into poverty and never made money. And Harry S. Truman, who had been a shoe salesman before running for office, was the poorest president in history.

24/7 Wall St. reviewed historical sources in order to determine which U.S. presidents never amassed a high level of wealth. We have accounted for hard assets such as real estate and estimated lifetime savings based on work history and inheritance. We considered annual salaries, incomes earned from royalties on books, ownership…

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