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Biden consistently talks around his blue-collar upbringing in Scranton, Penn., once also referring to himself together “the poorest male in Congress.”
When he ended up being vice-president, points turned around. Together president, per Title 3 that the U.S. Code, he earns a sizable salary of $400,000.
Other perks he gets together president include remaining on federal government payroll after leaving office, a $50,000 annual expense account, a $100,000 nontaxable take trip account and also $19,000 for entertainment, according to service Insider.
Here’s a look in ~ the fortunes the the richest first families.
Laura Woods added to this story.
Last updated: Oct. 5, 2021
Barack and also Michelle Obama network worth: $70 million
The 44th chairman of the U.S., Barack Obama offered two consecutive terms, native 2009 to 2017. In 2004, that was chosen to the U.S. Senate indigenous Illinois. Along with his wife, Michelle, president Obama earn $20.5 million indigenous 2005 come 2016, follow to a Forbes analysis of taxation returns and disclosures. The bulk of this money come from publication deals, i m sorry totaled $15.6 million.
In 2018, the Obamas signed a joint book deal worth a reported $65 million v Penguin Random house for their corresponding memoirs, follow to Variety. That exact same year, they secured a Netflix transaction of an unknown amount that will have them producing series and movies. Additionally a hot commodity on the speaker circuit, president Obama apparently earns approximately $400,000 per engagement, follow to ThoughtCo.
A doting dad, Obama and his wife raised two daughters throughout their stay in the White House:
George W. Bush
George W. Shrub net worth: $40 million
Laura shrub net worth: $10 million
George W. Shrub served as the 43rd president of the United says from 2001 to 2009 and also governor that Texas native 1995 to 2000. Son of previous President George H.W. Bush, he was the 2nd child of a chairman to occupy the Oval Office himself.
Bush founded oil and also gas company Arbusto power in 1977. Along with a group of investors, he likewise purchased the Texas ranger baseball team in 1989 — marketing it ripe years later and also earning a $14.9 million benefit on his re-publishing of the investment.
While to run the country, George W. Bush did doing double duty as a dad to pair daughters:
Richest Kid: Jenna bush Hager
Jenna bush Hager network worth: $10 million
Barbara Pierce shrub net worth: $5 million
The bush twins to be 19 as soon as their parental moved right into the White House. Both university students at the time, Barbara graduated from Yale University and Jenna native the university of Texas at Austin.
Now all grown up, Jenna bush Hager appears to it is in the wealthiest twin. She and husband Henry Hager are the parental of three children, and she co-hosts the this day show’s 4th hour with Hoda Kotb. Her annual salary is $4 million, follow to Celebrity network Worth.
Barbara is the co-founder and board chair of global Health Corps, a nonprofit focused on an international health equity. She married screenwriter Craig Coyne in October 2018.
Bill and Hillary Clinton network worth: $120 million
William Jefferson Clinton is the 42 chairman of the U.S., serving from 1993 come 2001. Formerly the branch of Arkansas, that stepped into office in ~ the end of the Cold War.
The previous president called NBC’s Craig Melvin that once he left the White House, he to be $16 million in debt due to legal fees incurred during his time in office. He and Hillary acquired right come work, earning an ext than $153 million in payment speeches indigenous 2001 come 2015, according to a CNN analysis. Notably, Clinton garners the highest possible speaking fees that all former presidents, right now commanding about $750,000 per speech, follow to ThoughtCo.
Both Clintons are additionally successful authors. Hillary earn an $8 million advancement for her memoir “Living History” and also another $14 million advancement for her book “Hard Choices,” follow to NPR. For his part, invoice landed a $10 million development for his book “My Life.”
The Clintons' daughter to be 12 once he take it office:
Richest Kid: Chelsea Clinton
Chelsea Clinton network worth: $25 million
As an just child, Chelsea Clinton is the richest Clinton offspring through default. Now all get an impressive up, she's vice-chair of the Clinton foundation but does not take a value from the nonprofit organization.
Chelsea has actually served top top the plank of media and also internet firm IAC since 2011. She earns a $50,000 annual retainer and also $250,000 in limited IAC stock systems per year, follow to Barron’s. Together of January 2020, she stake in the company was valued in ~ $8.95 million. Additionally a brand-new York time best-selling author, she has actually been married to Marc Mezvinsky because 2010. The couple has 3 children.
George H.W. Bush
George H.W. And Barbara bush net worth: $25 million
George H.W. Bush was born right into money. His grandfather was a steel industrialist, and his father was an invest banker that was elected to the U.S. Senate native Connecticut in 1952. Shortly prior to the election, he helped George progressive $350,000 to discovered Zapata Petroleum. George go on to do millions during the Texas oil boom in the 1950s and also '60s.
In 1988, George H.W. Shrub was chosen as the 41st president, making him the an initial sitting vice president to be elected to the duty of president because Martin van Buren in 1836. He served eight years as Ronald Reagan's evil president.
Tragically, George H.W. Bush and also his wife, Barbara, lost their 3-year-old daughter, Robin, come leukemia in 1953. Barbara passed away on April 17, 2018 at age 92, and also the president complied with on Nov. 30, 2018, at 94. The couple, married 73 years, had 5 other children:
George W. Bush
Richest Kids: George W. Bush and Jeb Bush
George W. Bush net worth: $40 million
Jeb bush net worth: $40 million
Net worth details is only easily accessible for George H.W. Bush's two youngsters who complied with him into major political roles — George W. And also Jeb. Each has actually a network worth that $40 million.
After serving together president George is currently retired, except for working the payment speech circuit, whereby he earns around $175,000 per engagement, follow to ThoughtCo.
Jeb shrub was the governor of Florida native 1999 to 2007. Continuing the family tradition, he ran for president in 2016 yet lost his party's bid come Donald Trump. While campaigning in 2015, he released 33 year of tax returns, revealing his net worth soared $29 million after ~ leaving the governor’s office. His riches was garnered from speaking fees, investments, Jeb shrub & Associates — his capital investment agency — work with Barclays and consulting for the now-shuttered Lehman Brothers.
Ronald Reagan network worth: $13 million
Nancy Reagan network worth: $25 million
Ronald Reagan took office as the 40th chairman of the U.S. In 1981 and served two terms. Formerly a golden Globe-winning actor, he was branch of California from 1967 to 1975.
When the moved right into the White House, Reagan had actually a network worth of roughly $4 million, according to The brand-new York Times. This showed up to it is in from a combination of genuine estate investments, interest payments, funding gains on stock sales, and speaking and also broadcast fees.
After living through Alzheimer’s disease for 10 years, the previous president passed away on June 5, 2004. Nancy pass away much more than a te later, on in march 6, 2016. The source of your post-presidential riches is unknown, yet much of the was most likely tied to genuine estate. Their last home — a three-bedroom, six-bathroom residence — in the Bel-Air section of Los Angeles sold for $15 million in 2016, ~ Nancy’s death.
He to be a father of five children. But, tragically, his daughter, Christine, was born prematurely and died soon after bear in 1947. His 4 other children are:
Gerald Ford network worth: $7 million
Betty Ford net worth: $20 million
In a non-traditional ascent to office, Gerald Ford became Richard Nixon's vice president after the resignation the Spiro Agnew in October 1973. Ten months later, Nixon resigned between scandal and Ford was sworn in together the 38th chairman of the U.S.
He shed the 1976 election to Jimmy Carter, and also within a year of leave office, that earned roughly $1 million, according to service Insider. He most likely was able come amass his fortune due to a liven post-presidential work schedule. This included paid speeches, composing books, and also serving on several boards and commissions, according to The Miller facility at the college of Virginia.
Also one author, former very first lady Betty Ford became famous in her very own right for co-founding drug and also alcohol rehabilitation clinic the Betty Ford center in Rancho Mirage, California.
President Ford passed away on Dec. 26, 2006, and Betty passed away on July 8, 2011. Castle had 4 children:
Michael Gerald Ford
John Gardner Ford
Lyndon B. Johnson
Lyndon B. Johnson network worth: $100 million
Lady Bird Johnson network worth: unknown
Immediately following the Nov. 22, 1963, assassination of john F. Kennedy, vice President lyndon B. Johnson to be sworn into office. Eventually elected in his own right, he served as the 36th president of the United claims from 1963 to 1969.
Johnson’s wife, Lady Bird, to buy a radio terminal in the 1940s and an Austin, Texas, television terminal in 1952, according to The Atlantic. They marketed the television terminal for $9 million in 1972.
The former president only had 4 years that retirement before his death, however during that time he virtually doubled his already big estate to encompass stock in at the very least nine banks, television stakes in Texas, Oklahoma and Louisiana, a real estate and also photographic supply firm in Austin, and also property in number of locales, follow to The Atlantic.
Johnson passed away on Jan. 22, 1973. Lady Bird died more than three years later, ~ above July 11, 2007. Your fortune lives on in the family-owned wealth management firm LBJ family Wealth Advisors, situated in Austin.
The Johnsons had actually two daughters:
Lynda Bird Johnson
Luci Baines Johnson
John F. Kennedy
John F. Kennedy net worth: $100 million
Jacqueline Kennedy Onassis net worth: $50 million
John F. Kennedy was chosen president at period 43 and also remains the youngest person ever chosen commander-in-chief. The 35th president of the U.S. Was likewise the most popular; his average approval rating that 70 percent is the highest since Gallup starting tracking this stat.
Sworn into office in 1961, he remained in his first term when he to be assassinated in Dallas top top Nov. 22, 1963. His widow, Jacqueline, married Greek shipping tycoon Aristotle Onassis in 1968, She passed far on may 19, 1994.
Born into a affluent Boston family, man Kennedy appreciated a privileged childhood filled with private schools, servants and also summer homes, according to the miller Center. Chosen to the Senate in 1952, he stood for Massachusetts till winning the autonomous presidential nomination in 1960.
One that the richest families in America, the Kennedys to be worth $1.2 billion as of 2015, according to Forbes. Many of the family members fortune is spread throughout dozens the trusts, varying in value from 10s of countless dollars to $25 million.
Jacqueline Kennedy provided birth to three children. The youngest, Patrick, died two work after birth in respectable 1963. The various other Kennedy children:
John F. Kennedy Jr.
Richest Kid: Caroline Kennedy
Caroline Kennedy net worth: $250 million
John F. Kennedy Jr. Net worth: $50 million
Tragically, man Jr., his wife and also his wife's sister passed away in July 1999, once the little plane he was piloting crashed off the coast of Martha's Vineyard, Massachusetts. He to be 38 at the moment of his death.
Caroline Kennedy is a lawyer and also author, and also she served as the U.S. Ambassador to Japan for 3 years in the mid-2010s. She has actually been married come Edwin Schlossberg since 1986. The pair has three children.
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This article originally showed up on GOBankingRates.com: The Bidens, Trumps, Obamas and More: The Wealthiest Presidential Families