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The majority of presidents in US history have been quite wealthy.

If every president's net worth were adjusted for today's dollar, most dollars would be considered multimillionaires. Each of the last five presidents has a net asset value of at least $ 20 million, adjusted for inflation.

The recent presidents have received tens of millions of dollars in royalties for their memoirs on life in the Oval Office. Barack Obama and his wife Michelle allegedly signed a deal worth over $ 60 million worth of their book.

Despite the advantage that those with money and power have in presidential campaigns, and despite the lucrative opportunities offered to those with "ex-president," yet there are nine presidents who never have a net worth over in their entire lives $ 1 million.

24/7 Wall Street reviewed historical sources to determine which US Presidents never achieved a high level of accumulation wealth.

Many presidents who never became very rich came from humble beginnings. Andrew Johnson, Abraham Lincoln and James Garfield were born in log cabins. Most of the richest presidents inherited family allowances and were able to live comfortably before the civil service. However, many of the presidents who were born from less affluent families have never been able to raise much of their money, as public sector jobs often do not pay much.

However, many of the presidents, who were born from less affluent families, have never been able to raise much money, as public sector jobs often do not pay much. [Photo: General Photographic Agency / Getty Images]

Presidents who never became rich had many different reasons why they did not achieve greater prosperity. In the 1800s, access to education and upward economic and social mobility was extremely difficult for rural residents, yet they managed to successfully compete as presidents.

Others had to struggle with their undertakings. Harry S. Truman was deeply in debt after his hat shop did not pick up before he became president. Ulysses S. Grant invested tens of thousands of dollars in a company that ultimately turned out to be a scam. [24] [24] Wall Street analyzed the finances of the presidents on the basis of historical sources. We have taken into account hard assets such as real estate, estimated lifetime savings based on work history and inheritance. We also looked at annual salaries, income from book fees, ownership of businesses, income from family ownership, and other forms of income. The ranking is based on the highest net worth or value of a president's total assets at his time when he was the richest.

All nine of the poorest US presidents had an inflation-adjusted value of under one million US dollars.

9. James Buchanan
• Expression: 1857-1861 (15th President) [19659023] • Other professions: Congressman, Senator, Secretary of State
• Place of Birth: Franklin County, Pennsylvania

] James Buchanan came from a wealthy family, but never made much of his own money, since he owned all of his own Had a career in public service. Following his law studies, Buchanan joined the military and served during the 1812 War, before being elected to the Pennsylvania House of Representatives. His political career included positions such as Congressman, Senator and Secretary of State. Buchanan never had to worry about others because he was the only president who never married.

8. Abraham Lincoln
• Tenure: 1861-1865 (16th President)
• Other occupations: Lawyer, shopkeeper, railway splitter
• Place of birth: Hardin County, Kentucky

Born into a modest family, Abraham Lincoln's rise to become one of history's most distinguished presidents is a remarkable sight. Lincoln was tall and strong and made money in his early 20s when he was doing woodwork. After moving to New Salem, Illinois, Lincoln tried several other professions, serving as postmaster of the city and owning a general store. As a result, he found politics and won a seat in the legislature of Illinois. Only after his election did he decide to become a lawyer, a cast that brought him on his political path.

7. Andrew Johnson
• Tenure: 1865-1869 (17th President)
• Other Professions: Schneider, Alderman, Mayor
• Place of Birth: Raleigh, North Carolina

Andrew Johnson began his career as a tailor, but his true passion always seemed to be in discussions. Johnson often pleaded for the simple man and railed against plantations. He received the support of his church in Greeneville, Tennessee, and eventually became city councilor and mayor of the city. His political career continued its upward trajectory until he was put on the reelection of Abraham Lincoln in 1864. He took office after his assassination.

6. Ulysses Simpson Grant
• Tenure: 1869-1877 (18th President)
• Other professions: General, leather goods worker, farmer
• Place of birth: Point Pleasant, Ohio [19659007] Ulysses S. Grant is known for his leadership of the Union forces during the Civil War, but between this and his previous service in the Mexican-American War, Grant had difficulty finding a career. After Grant left the army in 1854, he failed in his attempts to work in agriculture and real estate, and then went to his father, who worked in leather goods. When the civil war broke out, he returned to his true vocation.

5. James Abram Garfield
• Tenure: 1881 (20th President)
• Other Professions: Teacher, General, Member of Congress
• Place of Birth: Orange, Ohio

James A. Garfield has never pursued a lucrative career path, but focused on service. After training at the Eclectic Institute, he returned to his alma mater and became a Greek and Latin teacher. Before joining politics Garfield was also ordained as a minister. He fought for the Union during the Civil War and led the 42nd Ohio Volunteer Regiment.

4. Chester Alan Arthur
• Tenure: 1881-1885 (21st President)
• Other professions: Headmaster, Lawyer, Customs Collector
• Place of Birth: Fairfield, Vermont [19659007] Chester A. Artur's first job at college was a teacher. He rose to become headmaster before concentrating on his legal career. This led him to his position as Customs collector for the Port of New York. As president, Arthur dismantled this system and used his insider knowledge about how it worked.

3. Woodrow Wilson
• Term: 1913-1921 (28th President)
• Other professions: Professor, College President, Governor
• Place of Birth: Staunton, Virginia

Few presidents were as well informed about political theory as Woodrow Wilson. After graduating in political science, Wilson returned to Princeton, his alma mater, to become a professor. He worked his way up to become president of Princeton, but he soon abandoned his political teaching to put his policies into action. Wilson won the governorship of New Jersey in 1910 and was elected president two years later.

2. Calvin Coolidge
• Term: 1923-1929 (30th President)
• Other professions: Lawyer, Writer
• Place of Birth: Plymouth Notch, Vermont

Calvin Coolidge, known as "Silent Cal," had a 20-year career as a lawyer while building his political career. Coolidge began as an alderman in Northampton, Massachusetts, before becoming governor of the state and eventually president. Upon taking office, Coolidge wrote his memoirs and columns in various magazines.

1. Harry S. Truman
• Terms: [1945-1953(33president)
• Other Professions: Farmer, Hat Shopkeeper, Judge
• Birthplace: Lamar, Missouri

Harry S. Truman has done a number of strange jobs in his early life He did not attend college and started working on his family farm before working for a railway company and a bank. He did not find his passion for politics until he returned from the National Guard during the First World War. Truman's failed attempt to run a hat shop made him deeply in debt. Later he used the contacts he had made in the military to start his career in politics, but his finances were in such poor shape, the salary of the president was doubled during his office.

24/7 Wall Street is a USA TODAY affiliate offering financial news and commentary. Its content is produced independently of USA TODAY.

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