Pages

Wednesday, October 11, 2023

"THE PRESIDENT'S LIFE INSURANCE VALUED AT $34,000+"

PRESIDENT HARDING'S ESTATE VALUED AT $486,000+

Marion, Ohio (JFK+50) On October 11, 1923, the report of the late President Warren G. Harding's estate was filed in probate court here in Marion.

Appraisers set the total value of the estate at $486,565.64.  The total included nearly $35,000 in money, $400,000 in securities and $46,000 in real estate.

According to the Associated Press, the President carried life insurance valued at $34,422.21.

JFK+50 NOTE

According to www.in2013dollars.com/, $486,565.64 in 1923 would be equivalent to $8,733,841.70 in 2023 based on the value of $1 in 1923 = $17.95 in 2023. 

Another online source gives President Harding's 2022 financial status at $1 million ranking him 36th among the POTUS listed.  This same source ranks Donald Trump #1, George Washington #2 & JFK #9.

SOURCES

"CPI Inflation Calculator," www.in2013dollars.com/

"Harding Estate Put at $486,565," The Evening Star, Washington, D.C., October 11, 1923, Chronicling America, Library of Congress, www.loc.gov/

 
 
Warren G. Harding Home
Marion, Ohio
Photo by Todd Petrie
2011