Bill Clinton is the U.S. president who earned the most money during his time in office, increasing his original new worth by more than a whopping 9,000 percent.
The president-elect, Donald Trump, was the only president who lost money during his time as president, which was thought to be driven largely by the COVID-19 pandemic.
However, Trump had by far the highest net worth overall among U.S. presidents dating back to John F. Kennedy.
Bill Clinton Increased His Wealth by the Most After Presidency, Barack Obama Was Second
Clinton, the Democratic president who was in office for two terms between 1993 and 2001, started his presidency with a net worth of $1.3 million, and after leaving office, had accumulated a wealth of $120 million, according to celebritynetworth.com.
Per the outlet, it is also thought that Clinton and his wife Hillary have earned more than $250 million to date from speaking engagements, book advances and royalties, and through investment and consulting fees.
Barack Obama was the president who saw the second highest increase to his wealth coming out of office, at around 5,300 percent.
After the Democrat was in office for two terms between 2009 to 2017, he accumulated a net worth of $70 million, up from his starting $1.3 million.
It is believed that a large proportion of his wealth came through book advances and sales, according to afrotech.com, where between 2005 and 2016, he made $15.6 million via the publishing industry alone.
The outlet reported that his memoir, A Promised Land, sold around 890,000 copies in one day of its release.
Although, the president who technically had the second highest net worth coming out of their presidency was John F. Kennedy, the Democrat who was in office between 1961 and 1963.
This was however, not because he generated significant wealth in the role, but instead because he was already extremely wealthy when starting out in the White House.
He started his role as president with what would have been equivalent to $100 million, taking inflation into consideration.
He inherited a lot of wealth from his father Joseph Kennedy, who was thought to have had a net worth of around $200-400 million, making him one of the top 15 richest people in America at the time, according to celebritynetworth.com.
Why Did Donald Trump Lose Wealth After Presidency?
Donald Trump didn't make any money during his presidency, and instead lost some of his net worth.
During his presidency between 2017 and 2021, Trump's starting net worth of $3 million went down to $2.3 billion, according to Bloomberg.
The Bloomberg report attributed the COVID-19 pandemic to the drop in the president-elect's wealth, which had an impact on the wealth he was making from his office buildings, hotels and resorts.
In addition, after the January 6 Capitol attacks in 2021, Trump's rapport with brokers and lenders was damaged and he faced $590 million in loans to cover in the space of a few years.
However, his net worth has since recovered, leaving him with $6.5 billion, making him one of the world's richest 500 people, according to Bloomberg.
How Much Wealth Has Joe Biden Accumulated?
Since starting his presidential term in 2021, Joe Biden has added around $2 million to his net worth, bringing his wealth to around $10 million.
Forbes attributed Biden's gain in wealth largely to the property he owns.
Two homes in Delaware belonging to Biden are now worth around $7 million together, which is $1.8 million higher than when he and his wife Jill entered the White House.
One property he owns on Rehoboth Beach is worth around $4.5 million, according to Forbes.
After he added a pool costing around $75,000 in November 2021 to the summer house, the property has overtime increased in its value by $1.7 million.
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