Jimmy Carter Net Worth: How Much Money Does He Earn?

By Jaslin Last updated Feb 20, 2023

Jimmy Carter is a well-known former politician in the United States. He was elected as the 39th President of the United States in 1977 and served in that role until 1981. Jimmy Carter was born in Plains, Georgia, and spent his childhood there.

He received a Bachelor of Science degree from the United States Naval Academy in 1946, after which he enlisted in the United States Navy and served on a number of different submarines. Former President Jimmy Carter is protected by the Secret Service and received a pension from the federal government.

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Jimmy Carter Net Worth

It is well known that Jimmy Carter has a known net worth that is estimated to be $10 million. Huge sums of money have been donated to Jimmy Carter both during and after his time in office. Over the next few years, Jimmy Carter’s wealth is predicted to increase by 13%. Jimmy Carter is a wealthy stock investor as well.

Stocks in companies like Berkshire Hathaway, Colgate-Palmolive, Caterpillar, etc. are among Jimmy Carter’s most valuable investments. For more than 40% of Jimmy Carter’s overall fortune and net worth, he can thank his financial portfolio.

Jimmy Carter Early Life

On October 1, 1924, James Earl Carter Jr. was born in Plains, Georgia. When Carter was a baby, his family relocated multiple times. His mom was a nurse, while his dad was a farmer/investor.

Gloria, Ruth, and Billy joined the family after the family finally established in Archery. Jimmy had his public school education, and he graduated from Plains High School in 1941, during the height of the Great Depression.

He started out at Georgia Southwestern College, but after a year he shifted his studies to the Georgia Institute of Technology. Later, in 1946, he earned his Bachelor of Science from the United States Naval Academy, from which he transferred.

While attending the Academy, Jimmy met and fell in love with Rosalynn Smith, a close friend of his sister’s. Upon Jimmy’s completion of college, he and Rosalynn tied the knot.

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Jimmy Carter Career

From 1946 through 1953, Jimmy served in the Navy, taking him and Rosalynn to Hawaii, Virginia, New York, California, and Connecticut. Jimmy’s naval career included time spent in the nuclear submarine program.

After serving as an officer aboard the USS Pomfret, he was advanced to the rank of lieutenant junior in 1949 after completing submarine officer school in 1948. During an accident with the NRX reactor in 1952, millions of liters of radioactive water flooded the basement of the reactor building at the Chalk River Laboratories of the Atomic Energy of Canada.

Carter was sent to Chalk River to shut down the reactor with a maintenance team under his command. Each participant had to wear protective gear to keep themselves from being exposed to radiation, making the process slow and laborious.

Carter has stated that his time spent at Chalk River influenced his views on nuclear energy as president and ultimately led to the decision to halt neutron bomb research. Once his father passed away in 1953, he decided to return to Georgia and his family.

For his service in the Navy, Carter was honored with numerous medals and decorations, including the American Campaign Medal, the World War II Victory Medal, the China Service Medal, and the National Defense Service Medal.

Jimmy Carter Personal Life

There are three sons and a daughter in Jimmy and Rosalynn‘s family. There are currently eight grandsons, three granddaughters, and two great-grandsons from their children. Carter turned 95 on October 1, 2019, making him the oldest living president.

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