Poorest President in the World
April 18th, 2017 at 5:54:13 PM permalink | |
DRich Member since: Oct 24, 2012 Threads: 51 Posts: 4963 |
"In 1979’s Jimmy Carter: A Character Portrait, authors Bruce Mazlish and Edwin Diamond wrote that Carter’s fortune was $814,000 when he became president, " At my age a Life In Prison sentence is not much of a detrrent. |
April 18th, 2017 at 6:08:46 PM permalink | |
Ayecarumba Member since: Oct 24, 2012 Threads: 89 Posts: 1744 |
Are these figures current (if still alive) or at their death vs. when they took office? I recall Clinton getting huge money for book deals while President, and speaking fees post presidency. I don't know how much the "charitable" foundations that are so common among professional athletes, entertainers, politicians and other uber wealthy folks are actually tax sheltered ways to funnel money to their family and cronies as "employees". |
April 18th, 2017 at 6:20:43 PM permalink | |
TheCesspit Member since: Oct 24, 2012 Threads: 23 Posts: 1929 | This site estimates Bernie at a net worth of 800k (1.6 million for him and his wife). https://www.fool.com/investing/general/2016/04/17/what-is-bernie-sanders-net-worth.aspx It is said that your life flashes before your eyes just before you die.... it's called Life |
April 18th, 2017 at 10:59:40 PM permalink | |
Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 |
http://247wallst.com/special-report/2017/02/17/the-net-worth-of-american-presidents-washington-to-trump/9/ The estimates were made at the "peak of their wealth" and were compiled in 2016. Obviously Barack Obama's net worth is expected to soar in upcoming years. James Earl Carter (1977-1981) Net worth: $8 million Jimmy Carter, born to a prominent Georgia businessman, was a peanut farmer for almost two decades. Upon his death, Carter inherited very little of his father’s fortune, forcing Carter and his wife, Rosalynn, to live in subsidized housing for a year, the only president to have ever done so. Carter left office deeply in debt but made substantial sums of money from book deals. To date, the Carters have published nearly 30 books. Carter also owns 2,500 acres with his family in Georgia. William Jefferson Clinton (1993-2001)> Net worth: $75 million Unlike several presidents, Bill Clinton did not inherit any wealth and gained little net worth during his 20 plus years of public service. After his time in the White House, however, he earned a substantial income as an author and public speaker. In 2005, Clinton earned a $15 million advance on his book “My Life.” In March 2014, the former president was paid $500,000 alone to speak in London to Bank of America. Former Secretary of State Hillary Clinton, whose assets are shared by her husband, has also contributed to the family fortune since leaving office. In 2014, she received a $14 million advance for her autobiography “Hard Choices.” Mrs. Clinton receives similar speaking fees as her husband, albeit at a lesser volume since she began to dedicate more time to her 2016 presidential campaign. ccording to Mrs. Clinton’s personal financial disclosure with the Federal Election Commission, in just one month in 2014, Mr. Clinton earned more than $1.9 million for just six speeches. Barack Hussein Obama (2008-present) > Net worth: $8 million Barack Obama receives a salary of $400,000 a year as the current president. The president’s annual income actually dropped steadily since he entered office. In 2009, the president earned $3.3 million in income after taxes. That figure fell to less than $600,000 in 2012, and fell in each of the following years to $435,065 in 2015. This is primarily due to revenue declining from his prior book deals, “The Audacity of Hope” and “Dreams from My Father.” Obama is paying 5.625% interest on the 30-year mortgage on his Chicago home, which is worth between $500,000 and $1 million, according to financial forms disclosed by the White House. While he admitted he would save money if he refinanced his mortgage, he said, “when you’re president you have to be a little careful about these transactions.” Harry S. Truman (1945-1953)> Net worth: less than $1 million Truman was a haberdasher in Missouri and nearly went bankrupt. He served 18 years in Washington, D.C. Despite his modest income, he was able to save some of his presidential salary. |
April 19th, 2017 at 7:49:22 AM permalink | |
pew Member since: Jan 8, 2013 Threads: 4 Posts: 1232 | "I don't think Bernie was a millionaire." Commies never want to admit to wealth. How many houses does Bernie own? More than zero is to many. |
April 19th, 2017 at 11:53:11 AM permalink | |
TheCesspit Member since: Oct 24, 2012 Threads: 23 Posts: 1929 |
Bernie isn't a communist. He's a socialist. There is a difference, one of which is around private ownership. So why shouldn't Bernie be allowed to own a house? In most communist systems (and many socialistic ones as well), the leaders aren't wealthy in terms of raw cash and property, but very much so in terms of their ability to get what they desire. Which is why communism ultimately doesn't generally work, as it creates the same focus of power in the hands of the few that capitalism tends to as well. Just with more state power. He owns two with his wife (according to Motley Fool article). He's well off by most American standards, but I wouldn't say he's rich by most US federal politician standards. It is said that your life flashes before your eyes just before you die.... it's called Life |
April 19th, 2017 at 12:12:36 PM permalink | |
Evenbob Member since: Oct 24, 2012 Threads: 146 Posts: 25011 |
There is? China is a communist country and has more private billionaires than any country in the world. Socialist countries have billionaires. Where's the difference. If you take a risk, you may lose. If you never take a risk, you will always lose. |
April 19th, 2017 at 1:01:59 PM permalink | |
pew Member since: Jan 8, 2013 Threads: 4 Posts: 1232 | He took his honeymoon in the Soviet Union. Nuff said. |
April 19th, 2017 at 1:04:12 PM permalink | |
pew Member since: Jan 8, 2013 Threads: 4 Posts: 1232 | Billionaires don't overtly oppress human rights and levy taxes. Governments do. |
April 19th, 2017 at 3:51:13 PM permalink | |
Wizard Administrator Member since: Oct 23, 2012 Threads: 239 Posts: 6095 |
I assume this was their maximum net worth or perhaps worth at time of death/writing, depending on whether the president is still living. After being president anyone can ask $100,000+ per speech so I would expect former presidents to be fairly wealthy. My comment on Carter and Ford was on their worth just before, or during, their presidency. Knowledge is Good -- Emil Faber |