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George Washington accordingly had a broad portfolio of assets and investments which contributed to his significant net worth. As President, Washington drew a significant salary, equal to 2% of the total government budget. [4] Washington was a significant landowner, his 1800 Will recording 52,194 acres of land to be sold or distributed. [5]
Most presidents before 1845 were extremely wealthy, especially Andrew Jackson and George Washington. Presidents since 1929, when Herbert Hoover took office, have generally been wealthier than presidents of the late nineteenth and early twentieth centuries; with the exception of Harry S. Truman, all presidents since this time have been millionaires.
How does the salary of George Washington compare to that of Barack Obama's? The country's first U.S. president made $25,000 for the job in 1789.
On September 24, 1789, Congress voted to pay the president a salary of $25,000 a year, and the vice president an annual salary of $5,000. [69] [70] Washington's salary was equal to two percent of the total federal budget in 1789. [71]
George Washington made $25,000 a year back in 1789, which is more than Obama's designated salary by today's standards.
The most powerful job in the country comes with a hefty share of responsibilities - but also a generous salary. American presidents earn $400,000 a year along with a $50,000 annual expense account....
George Washington was born on February 22, 1732, [a] at Popes Creek in Westmoreland County, Virginia. [3] ... Though he wished to serve without a salary, ...
George Washington [9] Salary: $400,000 per year [A] Website: whitehouse.gov: This article is part of a series on the: Politics of the United States; Federal government.