The president of the United States holds one of the most powerful positions in the world.
Along with the responsibilities of leading the country, the job also comes with a set salary and a range of benefits.
While the prestige of the office is undeniable, the financial package for the role has remained largely unchanged for over two decades.
Raised in 1949
Since 2001, the annual salary for the U.S. president has been set at $400,000.
This amount is paid monthly, meaning Trump will receive about $33,333 each month.
In addition to this, there is a $50,000 yearly allowance meant to cover official expenses, according to Ziare.
This allowance is not part of the salary, and any unused portion must be returned to the U.S. Treasury at the end of the fiscal year.
Beyond the paycheck, the position comes with significant perks. The president has full access to the White House, along with its furnishings and facilities.
Official transportation is provided, including the use of Air Force One and other government vehicles. These benefits ensure that the president can perform official duties without financial concerns.
The last time the presidential salary was increased was during George W. Bush’s administration. Before 2001, the salary had been $200,000, unchanged since 1949.
While the salary itself is taxable, many of the perks associated with the job, such as travel and security, are covered by the government.
Once a president leaves office, financial support does not stop. Former presidents receive a lifetime pension. Currently, this pension is set at around $200,000 per year.
Additionally, they receive funds for office space, staff, and travel expenses. Four former U.S. presidents are still living: Bill Clinton, George W. Bush, Barack Obama, and Donald Trump.
Trump, who has an estimated net worth of $3.4 billion, has long claimed that he built his fortune on his own.
Reports suggest that he inherited around $384 million from his father, Fred Trump, which helped launch his real estate career.
