What Is Jimmy Carter's Net Worth?
Jimmy Carter, an acclaimed American politician and philanthropist, has a net worth of $10 million. He is a former naval officer, Governor of Georgia, and served as the 39th President of the United States from 1977 to 1981. Prior to politics, Carter successfully ran a peanut farm.
Early Life
Born James Earl Carter Jr. on October 1, 1924, in Plains, Georgia, Jimmy grew up during the Great Depression. His father was a farmland investor, and his mother was a nurse. He graduated from Plains High School in 1941. After attending Georgia Southwestern College and Georgia Institute of Technology, he completed his education at the Naval Academy, where he graduated with a Bachelor of Science degree in 1946. Jimmy married Rosalynn Smith soon after his graduation.
Naval Career
From 1946 to 1953, Carter served in various Naval deployments, working in the nuclear submarine program. His notable incidents include leading a crew to assist in the shutdown of a reactor at the Chalk River Laboratories following a radioactive accident. This experience influenced his stance on atomic energy during his presidency. After his father’s death in 1953, Carter returned to Georgia to manage the family business.
Early Political Career
Settling back in Georgia, Carter took over Carter farms and began a seed and farm supply company. His political career began with his election to the Georgia Senate in 1962. As Governor of Georgia from 1971 to 1975, he focused on civil rights and educational reform, earning a reputation for progressive policies.
Presidency
On December 12, 1974, Carter announced his candidacy for President. Despite low initial recognition, he utilized his outsider status post-Watergate scandal and won the 1976 election. Significant achievements of his presidency include the Camp David Accords, the Panama Canal treaties, and establishing diplomatic relations with China. Domestically, he faced challenges such as the energy crisis and the Iran hostage situation. His term also saw the establishment of the Department of Energy and the Department of Education.
Later Life
After losing the 1980 election to Ronald Reagan, Carter became a University Distinguished Professor at Emory University and founded the Carter Center in 1982. The Center focuses on conflict resolution, democracy promotion, human rights advocacy, and disease prevention. For his humanitarian efforts, he was awarded the Nobel Peace Prize in 2002. Carter also committed significantly to Habitat for Humanity and authored over 30 books.
Salary
During his presidency, Carter earned an annual salary of $200,000, equivalent to $1.4 million today. As a former President, he receives a pension of $207,800 annually, in addition to a full staff and Secret Service protection.
Personal Life
Jimmy Carter was married to Rosalynn Carter from 1946 until her passing in November 2023 at 96. They had three sons and one daughter, resulting in eight grandsons, three granddaughters, and two great-grandsons. On October 1, 2019, Carter became the first living president to reach the age of 95.