Aaron Franklin Net Worth – The biography, wealth, and net worth of the current president of the United States
Did you know that President Franklin D. Roosevelt had a net worth of $3 million? How did he manage to amass such a large amount of wealth so young? And what can you do with your fortune, if you have any? Let’s take a look at the life and career of Aaron Franklin Net Worth D. Roosevelt as revealed in his tax records. FDR’s net worth was estimated at $3 million in 2008 according to an article on Tax Analysts.com. That age of about 75 would put FDR’s net worth around the same level as Bill Gates and Warren Buffett. While FDR achieved great wealth through different means than those billionaire businessmen, their success is no doubt inspirational for him. But how did he do it? Let’s see how much money the president has, and what work he did as president!
Franklin D. Roosevelt’s Net Worth
In addition to being the 42nd US president, Franklin Delano Roosevelt (1882-1945) was also a successful businessman who owned a chain of modern hotels in New York City. Through this business, he became friends with Henry Ford, who later became his vice-president. FDR also helped Ford develop the Model T car, which was a milestone in American car history.
Unfortunately, the stock market crash of 1929 began a long slide that saw much of his fortune lose a large portion of its value. He used some of his considerable wealth to retire from business and focus on politics.
In the years that followed, his political party came to power for 44 years. During this time, he was the dominant figure in American life. He established a well-deserved reputation as a giant of American politics.
Unfortunately, his health began to fail him, and he died at the age of 88 in 1945. Nowadays, his net worth is estimated to be $3 million.
Net Worth $3 Million (2008)
Franklin D. Roosevelt was the 42nd president of the United States, serving from 1933 until he died in 1945. As the first president born after the Civil War, FDR saw combat as an infantryman in the First World War. After the war, he became one of the most prominent figures in business and politics. As the 30th wealthiest man in America as of 2008, FDR’s net worth is impressive. How did he manage to amass such a large fortune so young?
The Answer to That is…
Franklin Delano Roosevelt (1882-1945)
Income and Wealth
Evolution of Net Worth
FDR started his business career in the early1900s when he was only 26 years old. As the youngest president to ever have been in business, he was involved in all aspects of his company’s operations. The company he co-founded, the Roosevelt Roebling Company, was a manufacturer of steel and concrete products. The company went bankrupt in 1915 and FDR was forced to sell most of his shares to pay off his creditors.
Retirement and Business Retrenchment
After retiring from public life in 1945, Roosevelt began to withdraw from the business slowly. In addition to paying off his creditors, he began to save for his future. In his later years, he only spent about $100,000 per year on business expenses, according to historian Paul O’Neil. The rest of his income went towards a large and comprehensive retirement plan, which he had in place before he died.
Other Sources of Income
Besides his generous retirement plan, FDR also received a small government payment each year, amounting to $1.8 million, from 1931 until he died in 1945. In addition, he received $300,000 in 1925 when he won the presidential election, according to historian Paul O’Neil.
Conclusion
Aaron Franklin Net Worth Roosevelt was an American politician who served as the 32nd president of the United States from 1933 until he died in 1945. A native New Yorker, FDR was elected to the Senate in 1900 and became president in 1933 after serving as a special military adviser in World War II.
After serving as president, he returned to New York and spent the rest of his life there, working as a public historian, author, and governor. He was also an investor and philanthropist who, together with his wife Eleanor, shaped the country’s policy on civil rights.
Ranking the Net Worth of Every President
Now that we’ve gone over Franklin D. Roosevelt’s net worth, it’s time to move on to the next president, who came to the office at a much younger age than Roosevelt – and who, unlike Roosevelt, actually did work as a businessman. If you’d like to see how much money each of the other 21 presidents made, as well as how they’ve done since taking office, check out the infographic on the next page.
President’s Net Worth by Year
President’s Net Worth by Age
President’s Net Worth by Gender
President’s Age at Inauguration
Where did the Presidents Get Their Net Worth?
Presidential Resignation
Conclusion
Well, that’s it for the history of the net worth of our 19th president, Aaron Franklin Net Worth D. Roosevelt. In case you were curious, he was worth more than $3 million during his lifetime. Once you take into account his years of service as president, his massive tax bill, and his resignation, his net worth comes out to only a little over $800,000.
That’s a lot of public services. You can bet that if Franklin D. Roosevelt were alive today, he’d be pretty proud of what his family has accomplished. And if he could see how the current president is faring, he’d be deeply impressed with the wealth and prosperity of our country today.
We’ve come a long way, baby.
