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Let’s take a close look at George Washington and how he became so rich today.
What is George Washington’s Net Worth?
Summary of George Washington’s Net Worth
- Net Worth: $587 Million
- Gender: Male
- Profession: Politician
- Date of Birth: February 22, 1732
- Nationality: United States of America
A military officer, statesman, and Founding Father, George Washington served as the first president of the United States from 1789 to 1797.
His Virginia plantation, Mount Vernon, consisted of five separate farms on 8,000 acres of prime farmland where over 300 slaves worked. His wife, Martha Washington, had inherited a substantial fortune from her husband. In 1789, Washington’s salary was two percent of the total U.S. budget.
It is estimated that George Washington had a net worth of $587.0 million at his peak.
George Washington’s Early Life
Born in Wakefield, Virginia, in 1732, George Washington was an energetic, practical boy of eleven when his father, a wealthy planter, died. Being responsible for much of his father’s fortune, George’s sense of duty and independence grew rapidly. His disciplined character was shaped by a strict mother.
She was proud to witness her son achieve his prominent position as one of the world’s greatest leaders. George was highly educated, and an avid reader and learner. He was active in many sports and professions of his time, aided by his tall, strong, and agile stature and handsome face. He was about six feet tall and had enormous hands.
At the age of sixteen, George was inspired by the greatness and future of America when he accompanied Lord Fairfax on a surveying trip to the west of the country.
Within a few years, Washington’s 21-year-old enthusiasm, combined with the strength and instinct for command normally reserved for a much older man, ensured that he was selected by Governor Dinwiddie to lead a small group of men to warn the French not to encroach too far into British territories.
He was soon appointed a lieutenant colonel in the British Army and served under the command of General Edward Braddock. Washington’s regiment attacked and destroyed a French scouting party. But a later defeat humbled him and taught him that he still needed to learn more about military strategy.
Washington kept a meticulous diary. Few men wrote more, but he was not one to waste words. Sports and recreation, horses, dogs, and business all interested him. In social affairs, he was adept, though he never seemed comfortable with ladies.
He was, however, an excellent dancer and had relationships with several women. He married Martha Custis, a wealthy widow with two children. No offspring resulted from this union, but Washington was a loving father to his stepchildren. Washington quickly made a name for himself as an energetic, courageous commander.
Early on, he wrote, “I heard the bullets whistle, and, believe me, there is something charming in the sound.” With the defeat of Braddock’s troops (after the General had shunned his young Lieutenant Colonel’s advice) Washington’s feelings that the British could be beaten in battle were confirmed.
But, for the most part, Washington remained out of public affairs until he was over forty. He managed his estates shrewdly and intelligently, keeping an endless diary of transactions. Washington watched with interest the growing discontent of the colonies and soon joined in protesting the unjust dominance of the mother country.
He was chosen as a delegate from Virginia to the First Continental Congress, never dreaming of the permanent separation from Britain that would occur in the critical years ahead.
George Washington’s Leadership Roles
George Washington’s historical service can be categorized into three chronological leadership roles:
1. Commander of the Continental Army
The Second Continental Congress unanimously chose Washington to command the American army in June of 1775. He was by no means a military genius. Still, his spirit and energy, physical appearance, tactical experience, administrative talents, and rare ability to inspire others, made him a logical choice.
He served throughout the war without pay and with unusual dedication. At this early stage, the Colonial Army was in disarray. Jealousies between colonies created massive shortages; weaponry, food, clothing, shoes, and other needed items were scarce.
Men, loyal to their own colonies, were often reluctant to be controlled by a “federal” leadership. Repeatedly, just as a soldier was trained and became useful, he would pack up and leave for home.
Most were undisciplined, and when Congress could not supply necessities for survival, the cold, hungry, barefoot fighters were quick to lose the morale and patriotism they had earlier shown. But, somehow, most of Washington’s men stayed on; it gave them hope to see him suffering along with them, side by side.
Through the winter of 1775–1776, the Continental Army drew its circle around Boston, forcing the British General Lord Howe and his troops to retreat to New York. Washington’s troops pursued, but the combination of poor skills and lack of supplies, together with more competent British officers, contributed to their defeat on Long Island.
Washington sometimes lost patience with Congress’ lack of understanding and with the cowardice of some of his followers – but he never lost faith in the cause. Finally, victories at Trenton and Princeton, with the daring crossing of the Delaware River, bolstered his soldiers’ spirits. Rival leaders and “back-stabbers” took their toll on General Washington.
General Charles Lee had a certain contempt and jealousy for his commander. Lieutenant Horatio Gates’s triumph over the British Burgoyne at Saratoga, could likely have been perceived as a challenge to Washington’s future leadership, but Washington showed great restraint, praising the Lieutenant’s feat.
The most wrenching of American betrayals was that of the trusted and brilliant Benedict Arnold. Embittered by Congress’ inattention, Arnold agreed to surrender the vital position of West Point to the British. Though the plot was exposed, he succeeded in escaping to the enemy side. Washington was hurt by this defection, both politically and personally.
With Lafayette’s French troops moving against Cornwallis’s position at Chesapeake Bay in 1781, joined by Washington’s men, the British surrender was near at hand. The struggle begun at Lexington, Massachusetts, in 1775 was finally over.
2. President of the Constitutional Convention
Washington’s enormous leadership did not go unnoticed by his fellow countrymen. The task now was to rebuild and restructure a fragmented nation. He presided over the Constitutional Convention of 1787 held in Philadelphia.
Though not one of the Constitution’s designers, his effort, flexibility, management capacity and influence were immeasurable in getting it ratified by the state governments. Were it not for his support and prestige, it is quite conceivable that the Constitution would not have been adopted.
3. President of the United States of America
As the inevitable choice to be the new nation’s first president, Washington needed all of his persuasiveness and tact, as well as fierce tenacity, to maintain the Union.
The difficulties were huge and Washington’s pessimism grew. Indian struggles, the defeat at St Clair, efforts to suppress the Whiskey Rebellion, growing American “radicalism,” and the strain of defending decisions concerning his handling of the myriad lingering disputes between the United States and Great Britain drove the great leader near despair.
Though his persistent, peace-making disposition held steady through the turbulence, at the end of his two terms in office he strongly urged future US leaders to avoid foreign entanglements. Washington had a talent for bringing powerful, conflicting points of view into harmony.
For example, such opposing characters as Jefferson and Hamilton could have split the nation into pieces, but realizing how badly the country needed both men, Washington labored successfully for cooperation and peace.
Adopting Hamilton’s fiscal policies, the President was able to place the federal government on a sound footing. And Jefferson’s tremendous reasoning, writing and speaking talents were equally useful in helping to shape the infant government. In 1797, after eight years in office – the last several filled with friction and controversy – President Washington stepped down.
His humble exit from power set a fortunate precedent for the United States. As history has indicated, it is all too easy for a new republic, even a democratic one, to degenerate into a dictatorship. In fact, the majority of Americans in Washington’s time wanted him to remain in office as king.
But, though he was a firm, forceful leader, he held little ambition for power. In the face of a new French threat to peace in the United States, Washington’s readiness to again accept command of the Army at age sixty-seven (just months before his death) exemplified his supreme sense of duty and sacrifice.
No wonder he was and has remained “Father of His Country” and “first in war, first in peace, and first in the hearts of his countrymen.” A humble, almost self- abasing man, he received universal praise and commendation up until the time he died at his Mount Vernon home in December of 1799.
George Washington’s Salary
George Washington is rich, so you can assume that his salary is higher than that of an average person.
But he has not publicly disclosed his salary for privacy reasons. Therefore, we cannot give an accurate estimate of his salary.
George Washington’s Income
George Washington might have many sources of income such as investments, business and salary. His income fluctuates every year and depends on many economic factors.
We have tried to research, but we cannot find any verified information about his income.
George Washington’s Assets
Given George Washington’s estimated net worth, he should own some houses, cars, and stocks, but George Washington has not publicly disclosed all of his assets. So we cannot get an accurate figure on his assets.
George Washington Quotes
True friendship is a plant of slow growth, and must undergo and withstand the shocks of adversity, before it is entitled to the appellation.
Labor to keep alive in your breast that little spark of celestial fire, called conscience.
Happiness and moral duty are inseparably connected.
If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter.
It is better to be alone than in bad company.
Observe good faith and justice toward all nations. Cultivate peace and harmony with all.
Liberty, when it begins to take root, is a plant of rapid growth.
To be prepared for war is one of the most effective means of preserving peace.
View our larger collection of the best George Washington quotes.
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