The value of an American dollar has changed very much since George Washington was in office. What presidents were worth back in the day is not the same as what they’re worth now. Also, while the President of the United States has a lot of esteem and power, they actually don’t get paid as much as you might think.
Today, the president gets paid $400,000 per year. Most CEOs, executives, and even doctors and lawyers make much more than that. Presidents are responsible for covering most of their own expenses, although they do get to live in the White House rent-free. Keep reading to see how much the presidents of the past were worth in terms of today’s dollars.
George Washington: $587 Million
First let’s discuss George Washington, the first president of the United States. Before becoming president in 1789, he became the sole owner of his Mount Vernon estate in 1761. He inherited the property from his great-grandfather who built it in 1633.
Mount Vernon estate was a fully working plantation with 8,000 acres of farmland run by 300 slaves. When Washington became president, he was paid a salary of two percent of the U.S. budget in 1789.