Jimmy Carter Net Worth 2022 – Salary, Income, Earnings

Jimmy Carter Net Worth 

Jimmy Carter has an estimated net worth of $10 million. Jimmy Carter was the 39th president of the United States and was later awarded the Nobel Peace Prize in 2002. He earned a salary of $200,000 per year when he was President. In today’s dollars, this is equivalent to $1.4 million. As a former president, he receives a pension of $207,800 each year. A full staff of Secret Service agents also protects him, and they are paid $150,000 a year.

Jimmy Carter served as the country’s chief executive during a period of serious domestic and international problems. Carter’s perceived mishandling of these issues led to his reelection defeat. Later, he turned to diplomacy and advocacy, for which he received the Nobel Peace Prize in 2002.

To calculate the net worth of Jimmy Carter, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.

Here’s the breakdown of his net worth:

Name: Jimmy Carter
Net Worth: $10 Million
Monthly Income: $15 Thousand
Annual Salary: $207 Thousand
Source of Wealth: Writer, Politician, Novelist, Author, Farmer, Statesman, Military Officer

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Early Life

James Earl Carter Jr. was born in Plains, Georgia on October 1, 1924. James Sr., his father, was a hardworking peanut farmer with his own small plot of land, as well as a warehouse and store. Bessie Lillian Gordy, his mother, was a registered nurse who crossed racial lines in the 1920s to counsel Black women on health care issues.

Carter’s family moved to Archery, a town about two miles from Plains, when he was four years old. It was a sparsely populated, deeply rural town where mule-drawn wagons were still the primary mode of transportation and electricity and indoor plumbing were still uncommon.

Carter was a quiet kid who avoided trouble and started working at his father’s store when he was 10 years old. His favorite childhood pastime was sitting in the evenings with his father, listening to baseball games and politics on the battery-powered radio.

Education

Carter’s parents were both deeply religious. They were members of Plains Baptist Church and required Carter to attend Sunday school, which his father occasionally taught. Carter attended all-white Plains High School, while the majority of the area’s Black population received their education at home or at church. Despite this, two of Carter’s closest childhood friends were African Americans, as were two of his most influential adults, his nanny Annie Mae Hollis and his father’s worker Jack Clark.

While the Great Depression devastated much of the rural South, the Carters prospered during these years, and by the late 1930s, his father had over 200 workers on his farms. Carter was the first person on his father’s side of the family to graduate from high school in 1941.

Carter studied engineering at Georgia Southwestern Junior College before enrolling in the Naval ROTC program and continuing his education at the Georgia Institute of Technology. He then applied to the highly competitive Naval Academy in Annapolis, Maryland, which accepted him in the summer of 1943 to begin studies.

Carter did not fit in well with his fellow midshipmen due to his reflective, introverted personality and small stature (he stood only five feet, nine inches tall). Despite this, Carter continued to excel academically, graduating in the top 10% of his class in 1946. Carter had reconnected with a girl named Rosalynn Smith, whom he had known since childhood, while on leave in the summers. In June 1946, they married.

Carter was assigned to work on submarines by the Navy, and the Carters, like many military families, moved frequently in the early years of their marriage. They moved to Pearl Harbor, Hawaii, after completing a training program in Norfolk, Virginia, where Carter worked as an electronics officer on the USS Pomfret.

Following assignments in Groton, Connecticut, San Diego, California, and Washington, D.C., Carter was assigned in 1952 to work with Admiral Hyman Rickover on developing a nuclear submarine program in Schenectady, New York. Carter was deeply impressed by the brilliant and notoriously demanding admiral. “I think Rickover had the greatest influence on my life, second only to my father,” he later said.

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Peanut Farm

During these years, the Carters also had three sons, John William (born 1947), James Earl Carter III (1950), and Donnel Jeffrey (1952). Later, the Carters had a daughter, Amy, who was born in 1967. In July 1953, Carter’s father died of pancreatic cancer, and after his death the farm and family business fell into disarray.

Although Rosalynn initially objected, Carter moved his family back to rural Georgia to care for his mother and take over the family business. In Georgia, Carter rebuilt the family business and became involved in local politics. In 1955, he won a seat on the Sumter County Board of Education and eventually became its chairman.

Accomplishments as a Southern Politician

In the American South, the 1950s were a time of great change. The United States Supreme Court unanimously ordered the desegregation of public schools in the landmark 1954 case Brown v. Board of Education, and in the aftermath of that decision, civil rights protestors vociferously demanded an end to all forms of racial discrimination.

However, rural Southern politics largely reflected the reactionary racial outlook of the “Old South.” Carter was the only white man in Plains who refused to join the White Citizens’ Council, a segregationist organization, and he soon discovered a sign on his front door that read: “Coons and Carters go together.”

It wasn’t until the 1962 Supreme Court decision in Baker v. Carr, which mandated that voting districts be redrawn to stop favoring rural white voters, that Carter saw an opportunity for a “new Southerner” like himself to win political office.

He ran for the Georgia State Senate the same year, against a local businessman named Homer Moore. Although the initial vote count showed Moore had won, it was clear that his victory was the result of widespread fraud. 420 ballots were cast in one precinct despite the fact that only 333 were issued.

Carter filed an appeal, and a Georgia judge threw out the fraudulent votes and declared Carter the winner. Carter earned a reputation as a tough and independent politician as a two-term state senator, cutting wasteful spending and staunchly supporting civil rights.

Carter decided to run for governor in 1966, after briefly considering a run for the United States House of Representatives. However, in the midst of a white backlash against the Civil Rights Movement, Carter’s liberal campaign stalled in the Democratic primaries, and he finished a distant third. Lester Maddox, an ardent segregationist who famously barricaded his restaurant’s doors and brandished an axe to keep Black customers away, was the eventual winner.

Governors in Georgia were only allowed to serve one term, so Carter began campaigning for the 1970 gubernatorial election almost immediately.

Carter ran a campaign this time specifically targeting white rural voters who had rejected him as too liberal in 1966. Carter openly opposed busing as a method of integrating public schools, made few public appearances with Black leaders, and actively sought the support of several prominent segregationists, including Governor Maddox.

He reneged on his staunch support for civil rights so completely that the liberal Atlanta Constitution Journal dubbed him a “ignorant, racist, backward, ultra-conservative, red-necked South Georgia peanut farmer.” Nonetheless, the strategy worked, and Carter was elected governor of Georgia in 1970, defeating Carl Sanders.

Carter returned to the progressive values he had promoted earlier in his career after being elected governor. He publicly advocated for the abolition of segregation, increased the number of Black officials in state government by 25%, and promoted education and prison reform.

Carter’s signature achievement as governor was reducing and streamlining the state bureaucracy into a lean and efficient machine. Carter, on the other hand, despised political etiquette and alienated many traditional Democratic allies with whom he might otherwise have worked closely.

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On the National Stage

Carter, who was always thinking ahead, carefully observed the national political currents of the 1970s. After losing the 1972 presidential election to Republican Richard Nixon, Carter decided the Democrats needed a centrist figure to reclaim the presidency in 1976. After the Watergate scandal shattered American trust in Washington politics, Carter concluded that the next president would have to be an outsider. He believed he qualified on both counts.

Carter was one of ten Democratic presidential candidates in 1976, and he was probably the least well-known at the time. However, in a time of deep dissatisfaction with establishment politicians, Carter’s anonymity served him well.

He ran on centrist issues such as cutting government waste, balancing the budget, and increasing government assistance to the poor. The centerpieces of Carter’s appeal, however, were his outsider status and his integrity. Carter famously declared, “I’ll never tell a lie.” “I’ll never avoid a contentious topic.” “A Leader, For a Change” was another of his catchy campaign slogans. These themes resonated with voters who felt betrayed by their own government during the Watergate scandal.

Carter won the Democratic nomination to run against Republican incumbent Gerald Ford, Nixon’s former vice president who took over the presidency after Nixon resigned in the aftermath of Watergate. Despite entering the race with a double-digit lead over the uninteresting Ford, Carter made several gaffes that caused the polls to narrow.

Most notably, in an interview with Playboy, Carter admitted to adultery “in his heart” and made several other sexist remarks about sex and infidelity that turned off many voters. Despite the fact that the election was much closer than expected, Carter was elected as the 39th President of the United States of America.

Presidency

Carter took office at a time of great optimism, with initially sky-high approval ratings. After his inaugural address, Carter got out of his limousine and walked to the White House with his supporters, symbolizing his commitment to a new kind of leadership. Carter’s top domestic priority was energy policy.

With oil prices rising and the aftermath of the 1973 oil embargo, Carter saw it as critical to wean the US off its reliance on foreign oil. Although Carter was successful in reducing foreign oil consumption by 8% and developing massive emergency reserves of oil and natural gas, the Iranian Revolution of 1979 drove up oil prices and caused long lines at gas stations, overshadowing Carter’s accomplishments.

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Camp David Accords

Carter’s foreign policy was based on a promise to make human rights a priority in the United States’ interactions with other countries. He halted economic and military aid to Chile, El Salvador, and Nicaragua in response to those regimes’ violations of human rights.

Carter’s most notable foreign policy achievement, however, was his successful mediation of the Camp David Accords between Israel and Egypt, which resulted in a historic peace treaty in which Israel withdrew from Sinai and both sides officially recognized each other’s governments.

Despite these notable accomplishments, Carter’s presidency was widely regarded as a failure. He had strained relationships with Congress and the media, making it difficult for him to pass legislation or effectively communicate his policies.

Carter delivered a disastrous speech known as the “Crisis of Confidence” speech in 1979, in which he appeared to blame America’s problems on its people’s lack of spirit. Several foreign policy gaffes also contributed to Carter’s waning presidency. Many people believed he was a weak leader who had “given away” the Panama Canal without securing necessary provisions for defending US interests.

Iran Hostage Crisis

The Iranian Hostage Crisis, on the other hand, was probably the most significant factor in Carter’s declining political fortunes. In November 1979, radical Iranian students stormed the US Embassy in Tehran, kidnapping 66 Americans. Carter’s failure to negotiate the release of the hostages, followed by a disastrous rescue mission, painted him as an impotent leader who had been outmaneuvered by a group of radical students. The hostages were held captive for 444 days before being freed on the day Carter left office.

Ronald Reagan, a former actor and California governor, ran against Carter for president in 1980. Reagan ran an efficient and effective campaign, asking voters simply, “Are you better off than you were four years ago?” Most were not; in the 1980 election, which was essentially a referendum on a failed presidency, Reagan crushed Carter. According to the New York Times, “on Election Day, Mr. Carter was the issue.”

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Humanitarian Legacy

Despite a largely unsuccessful one-year presidency, Carter later rehabilitated his reputation through his humanitarian efforts after leaving the White House. He is now widely regarded as one of the greatest ex-presidents in American history.

He worked extensively with Habitat for Humanity and founded the Carter Presidential Center to promote human rights and alleviate suffering in the world. As a former president, Carter was particularly active in developing community-based health systems in Africa and Latin America, overseeing elections in young democracies, and promoting peace in the Middle East.

In 2002, Carter received the Nobel Peace Prize “for his decades of tireless efforts to find peaceful solutions to international conflicts, to promote democracy and human rights, and to foster economic and social development.” In the years since his presidency, Carter has also written many books, including several memoirs, Our Endangered Values: America’s Moral Crisis (2006) and Palestine: Peace Not Apartheid (2007).

Carter will not go down in history as one of America’s most effective presidents. But because of his tireless work before and after his presidency for equality, human rights, and the alleviation of human suffering, Carter will be remembered as one of the nation’s great social activists.

At his Nobel Lecture in 2002, Carter concluded with words that can be seen as both his life’s mission and his call to action for future generations. “The bond of our common humanity is stronger than the division caused by our fears and prejudices,” he said. “God gives us the ability to choose. We can choose to alleviate suffering. We can choose to work together for peace. We can bring about these changes – and we must.”

Recent Years

Carter was diagnosed with cancer after undergoing surgery to remove a mass from his liver on August 12, 2015. He stated in a statement: “I recently had liver surgery, which revealed that I have cancer that has spread to other parts of my body. I will rearrange my schedule as needed so that I can be treated by Emory Healthcare physicians.”

Carter held a news conference a week later, on August 20th, to announce that doctors had discovered melanoma, “four very small spots,” on his brain. He explained that he would start radiation treatment that day and that he would have to change his hectic schedule “quite dramatically.”

“I’m perfectly comfortable with whatever comes,” the former president said, adding that he has led a “wonderful life.”

“Now I feel it’s in God’s hands.”

Carter announced in early December that an examination had revealed no trace of the four brain lesions.

When he returned to work, he finished book No. 32, Faith: A Journey for All, which reflects on the importance of spirituality in his own life and its influence on shaping American history.

Carter made the rounds in the media to promote the book’s release in late March 2018, discussing some of the hot political topics of the day, including interviews with alleged mistresses of President Donald Trump. He also delves into more pressing political issues, such as the importance of strengthening ties with North Korea.

Carter surpassed George H.W. Bush’s record for the longest-living US president on March 21, 2019, at 94 years and 172 days. It was revealed in May that he had surgery after falling and breaking his hip.

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