The SNEAKY Method Presidents Use to Get Wealthy

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The SNEAKY Method Presidents Use to Get Wealthy

When we think of presidents, we often picture leaders committed to public service, guiding their nations through trials and triumphs. However, beyond their political influence and policy decisions, many presidents have also amassed significant personal wealth. How do they do it? Let’s delve into some of the lesser-known strategies that have allowed presidents to boost their fortunes.

Speaking Engagements and Book Deals

One of the most straightforward ways presidents continue to earn substantial incomes after their terms is through speaking engagements and book deals. Once they leave office, presidents are in high demand for speaking events where they can command hefty fees. Former President Barack Obama, for example, reportedly earns up to $400,000 per speaking engagement.

Book deals also contribute significantly to their wealth. Autobiographies and memoirs often become bestsellers, as the public is eager to gain insights into the lives of their leaders. Bill Clinton’s “My Life” and Barack Obama’s “The Audacity of Hope” are prime examples of how lucrative these deals can be.

Investments and Business Ventures

Many presidents, either during or after their terms, engage in savvy investments and business ventures. Some have backgrounds in business before entering politics, which they continue to leverage for financial gain. For instance, Donald Trump’s real estate empire is well-known, and his investments span various sectors, including entertainment and hospitality.

In addition to real estate, former presidents often invest in stocks and other financial instruments. Their high-profile status can sometimes provide access to exclusive investment opportunities that the average person may not encounter.

Corporate Board Memberships

Another common avenue for post-presidential wealth accumulation is serving on corporate boards. Companies value the prestige and connections that a former president can bring. These roles often come with significant compensation packages, including stock options and other financial benefits.

Media and Entertainment

Some presidents venture into media and entertainment, capitalizing on their fame and public interest. Ronald Reagan, before becoming president, was a Hollywood actor, and after his presidency, he remained a beloved public figure, continuing to engage in various media opportunities.

Modern presidents have also embraced new media. Barack and Michelle Obama, for instance, signed a multi-year deal with Netflix to produce films and series, further diversifying their income streams.

Real Estate Holdings

Real estate has always been a reliable way to build and sustain wealth. Many presidents own extensive real estate portfolios. George Washington, one of the wealthiest presidents in history, amassed significant land holdings during his lifetime. Today, modern presidents continue this tradition, often purchasing valuable properties that appreciate over time.

Pension and Benefits

While not a method to get rich, it’s worth noting that presidents receive a substantial pension after leaving office. As of 2021, former presidents receive a pension of $219,200 per year. They also get allowances for office staff, travel, and other expenses, which can significantly reduce their personal costs.

Consulting and Advisory Roles

After their presidency, many leaders offer their expertise through consulting and advisory roles. These roles can be highly lucrative, especially for those who have had significant influence in international politics and economics. Their insights and advice are invaluable to companies and organizations looking to navigate complex global landscapes.

Philanthropy and Foundations

While philanthropy is often seen as giving away wealth, presidents who establish foundations and charitable organizations can also benefit indirectly. These foundations not only cement their legacies but can also provide opportunities for tax benefits and further income through speaking fees and consultancy roles associated with their philanthropic efforts.

Conclusion

The path to wealth for presidents is multifaceted and often involves a combination of speaking engagements, book deals, investments, board memberships, media ventures, real estate, pensions, consulting, and philanthropy. These strategies allow them to continue influencing public life while securing their financial futures. While their primary role is to serve the public, it’s clear that many presidents have also mastered the art of leveraging their positions for personal wealth accumulation.

Very few people understand how WEALTHY Presidents get following their term. I highlight the typical strategy Presidents use to …

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