Back in May, The Atlantic published a list of U.S. presidents and their estimated personal fortunes (not all which really deserve such a grandiose description). Coolidge ranked near the bottom, with a net worth of “less than $1 million” in today’s dollars. By contrast, George Washington was worth close to half a billion. Not too shabby.
Of the three Republican presidents of the 1920s, two were relative paupers, at least by White House standards. Harding joined Coolidge in the under-$1 million club. But Herbert Hoover — who made plenty of money before entering politics — enjoyed a personal fortune of something like $75 million .
Here’s what The Atlantic has to say about Coolidge’s financial condition:
Coolidge’s father was prosperous farmer and storekeeper … He spent five years as an attorney, and almost two decades in public office, which included time as Governor of Massachusetts. His net worth derived primarily from his home, “The Beeches,” in Northampton, Massachusetts, the advance from his autobiography, and the money he made from his newspaper column.
Notably, pretty much all of Coolidge’s assets (at least according to the magazine) were amassed after his presidency. Which may explain why his principal residence for most of his adult life was a rental: one half of a two-family house at 21 Massasoit Street in Northampton, MA.one