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Who is the richest U.S. president ever?

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A look at Election Day from both sides of the political spectrum


A look at Election Day from both sides of the political spectrum

08:03

Some of the earliest U.S. presidents were also the wealthiest when they entered office. In the modern era, U.S. presidents typically amass the bulk of their wealth through media deals and appearance fees, after they leave office. 

Former President Trump, however, is among the wealthiest Americans ever to serve as president of the United States, with an estimated overall net worth of $3.7 billion at the time of his inauguration in 2016, according to Forbes. He’s an outlier, though, according to presidential historian Barbara A. Perry, who notes that most “presidents after the Civil War were not wealthy business people, they didn’t come from money.”

As examples, she referred to Bill Clinton, the 42nd U.S. President, and Barack Obama, the 44th president, neither of whom came from money, or had much personal wealth when they entered office. 

“They came from nothing. They’re not elite,” she told CBS MoneyWatch. “They made their own way in the world through scholarly prowess and came to the White House with very little in their pockets in terms of money.” Each has made tens of millions since leaving office, however. 

Here is how the richest former U.S. presidents rank in terms of their peak personal wealth, according to a report from 24/7 Wall St. The report calculates former presidents’ individual net worth based on their incomes, real estate holdings, spouses’ wealth and inheritances. All figures are adjusted for inflation. 


Trump repeats false claims about paper ballots on Election Day 2024

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Richest U.S. presidents ever

1. Donald J. Trump ($3.7 billion)

Former President Trump’s current net worth is even higher today, pegged at $5.5 billion, according to Forbes. It comprises his earnings through real estate investments and holdings, plus his stake in Trump Media & Technology Group, which has experienced some wild swings in its market value this month. 

2. John F. Kennedy ($1.3 billion)

Most of Kennedy’s wealth was inherited, presidential historian Douglas Brinkley told CBS MoneyWatch. His father, Joe, made a large fortune as an investor.

3. George Washington ($708.5 million)

Like many early presidents, George Washington was a wealthy land owner. “Our first president was rich, he owned a lot of real estate,” Brinkley said. “In his day, George Washington was exceedingly wealthy,” he added.

Other traits also set the nation’s founder apart, according to Perry. “In Washington’s case, he was very astute about farming and rotating his crops. He grew tobacco and corn, and used corn to make whiskey, which is where a lot of his wealth came from,” she said. 

4. Thomas Jefferson ($285.8 million)

Thomas Jefferson’s wealth was inherited through land from his father. 

5. Theodore Roosevelt ($168.6 million)

Theodore Roosevelt also came from a wealthy family, and inherited money.

6. Andrew Jackson ($160.1 million)

Andrew Jackson was a wealthy plantation owner. Slavery was the primary source of the seventh president’s personal wealth, according to the White House Historical Association

7. James Madison ($136.7 million)

James Madison was born to wealthy, plantation-owning parents. 

8. Lyndon B. Johnson ($131.9 million)

The main source of Lyndon B. Johnson’s wealth came from his wife, Lady Bird Johnson’s family, who owned a television and radio station business.  

9. Herbert Hoover ($100.1 million)

Herbert Hoover became a multimillionaire through his ownership of Burmese silver mines, and by earning royalties from sales of a textbook on mining engineering, according to the Miller Center at University of Virginia. 

10. Bill Clinton ($91.6 million)

Bill Clinton became wealthy upon leaving The White House in 2001, at the end of his second term. 

“Bill Clinton came from nothing, and didn’t make a lot of money in office,” Brinkley said. “He didn’t own a residence for his eight years as president,” Brinkley said. “The windfall came ex-presidency.”



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Nevada live election results for the 2024 presidential race

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What to know about Nevada

Nevada, with an economy largely based around tourism and hospitality surrounding Las Vegas, is home to a significant working class population. Both Trump and Harris announced no-tax-on-tips policies in Nevada earlier this year, underscoring the dominance of service industry workers in the Silver State.  

Although a Republican presidential candidate hasn’t won Nevada since 2004, Democrats’ margin of victory has decreased in recent years. The Silver State’s economy, dependent on the hospitality industry, was among the most impacted by pandemic closures in 2020, leading to a much slower recovery than in other states, and spurring frustration with Democrat-led policies.

In 2022, Republicans flipped the governor’s mansion, and the state was home to the closest Senate race in the country, suggesting that in 2024, it could be seriously in play for Republicans even at the presidential level. But Nevada, a state with high population turnover, has historically posed polling difficulties. And the largest voting bloc — more than 30% of voters — are registered as nonpartisan in 2024.


By Kaia Hubbard

 

How Nevada voted in 2016 and 2020

All but two counties backed Trump in the last election — but those two Democrat-voting counties, home to Las Vegas and Reno, make up the bulk of the state’s population. President Biden defeated Trump in the 2020 election by more than 33,000 votes, and Hillary Clinton won the state in 2016, besting Trump by just over 27,000 votes.


By Kaia Hubbard

 

Major races in Nevada

Democratic Sen. Jacky Rosen and Republican Sam Brown are facing off in a key Senate race in Nevada as Democrats fight to hold onto control of the chamber. Brown, a 40-year-old businessman and former Army captain who lost the 2022 Republican Senate primary, is aiming to unseat Rosen in her first reelection bid and deliver the GOP its first Senate seat win in the Silver State since 2012.


By Kaia Hubbard

 

What time do polls close in Nevada?

Polls close in Nevada at 7 p.m. PT (10 p.m. ET). 


By Kaia Hubbard





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KCAL News Anchor, Emmy-Award winner Chauncy Glover dies at 39

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KCAL News Anchor, Emmy-Award winner Chauncy Glover dies at 39


KCAL News Anchor, Emmy-Award winner Chauncy Glover dies at 39

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Anchor and Emmy Award-winning journalist Chauncy Glover has died unexpectedly at the age of 39. 

Chauncy joined the KCAL News Anchor Team in October 2023 after spending eight years in Houston as the first black male main anchor at KTRK.   

For the past year, he has co-anchored the 5 and 11 p.m. newscasts with Pat Harvey and shared the desk with Suzie Suh at KCAL News at 8 and 10 p.m. 

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Anchor and Emmy Award-winning journalist Chauncy Glover has died unexpectedly at the age of 39. 

KCAL News


While his love for journalism caught him at an early age, Chauncy has always focused on the communities he served in, whether it was through his storytelling or his outreach.  

“We, Sherry and Robert Glover, along with Chauncy’s beloved family, are devastated by the unimaginable loss of our beloved Chauncy,” the Glover family wrote in a statement. “He was more than a son and brother—he was a beacon of light in our lives and a true hero to his community.” 

It was this passion as a true Southern gentleman that inspired Chauncy to create a mentorship program while working for WDIV in Detroit. After witnessing a teenager die on the streets, he started “The Chauncy Glover Project” as a hands-on, extensive mentoring program that helped transform teenage boys into upstanding gentlemen. 

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Chauncy Glover stands with Jaime Maggio, Juan Fernandez, Rudabeh Shahbazi and Laurie Perez at Taste of Soul 2023. 

KCAL News


The program focuses on dressing for success, manhood, etiquette, college readiness, tutoring, public speaking, community service and more. The CGP Gents and Young Gents are 7-12th graders who Chauncy and other mentors met with twice a month for empowerment sessions and enrichment outings. 

Chauncy relocated the program to Houston after he moved there to anchor at KTRK. CGP has proudly sent more than 350 boys of color to college and has mentored more than 1,000 young men. 

“Chauncy’s compassion and dedication to helping others, especially through the Chauncy Glover Project, changed countless lives and inspired so many young men to pursue their dreams,” his family wrote. “His talent, warmth, and vision left an imprint on everyone who knew him, and the world is dimmer without him.” 

While the three-time Emmy Award-winning journalist started his professional career with WTVM News in Columbus, Georgia, the news bug bit him at an early age. When he was just 5, Chauncy’s dad built him a mini anchor desk for the newscasts he would perform for his family every Sunday after church in his hometown of Athens, Alabama. 

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Chauncy Glover sits with Pat Harvey and Jim Hill while emceeing Taste of Soul in 2023.

KCAL News


 Chauncy worked in Florida, Georgia, Michigan and Texas before joining KCAL in California.   

Chauncy also had a passion for theater, having acted in several national and Off-Broadway plays. One of his proudest moments came when he was asked to honor the late civil rights activist Rosa Parks by singing at her funeral in Montgomery, Alabama. 

Chauncy traveled across the country as a motivational speaker, hoping to inspire the next generation of journalists.  

“While we grieve this profound loss, we are comforted by the outpouring of love and memories shared by those who knew Chauncy as the passionate, gifted soul he was,” the family wrote.  “We kindly ask for privacy as we mourn and honor his incredible legacy. He was taken from us far too soon, but his impact will be felt forever.” 



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Senate likely to double the number of elected African American women

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Senate likely to double the number of elected African American women – CBS News


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CBS News projects that former Rep. Lisa Blunt Rochester will win the Delaware Senate seat, making her the third African American woman elected to the Senate. Though too early to project, Prince George’s County Executive Angela Alsobrooks is leading in the Maryland Senate race. If both win, they could double the number of Black women elected to the U.S. Senate. CBS News’ Scott MacFarlane reports.

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