Jimmy Carter net worth.
Jimmy Carter is an American politician and humanitarian who served as the 39th president of the United States from 1977 to 1981.
A member of the Democratic Party, he served as the 76th governor of Georgia from 1971 to 1975, and as a Georgia state senator from 1963 to 1967.
Who is Jimmy Carter?
Jimmy Carter was the 39th President of America and aspired to establish a government that was both competent and compassionate. He won the Nobel Prize for Peace in 2002. This farmer-turned-politician was determined to make a difference in the country which was suffering from energy costs, mounting inflation, and continuing tensions.
Though he found it immensely difficult to keep up with the rising expectations, he tried his best to restore the faith of his citizens in the government. Furthermore, he also tried to make the United States a symbol of peace and promoted human rights as a centerpiece of foreign policy.
Following his term as president, he remained publicly active and was involved in several humanitarian efforts. His post-presidency period was extremely productive – he worked for a charitable organization, ‘Habitat for Humanity’ and also participated in diplomatic talks to forge an agreement with North Korea.
He was further involved in resolving international disputes. For his humanitarian efforts and for being a traveling ambassador of peace, he was awarded the prestigious Nobel Peace Prize, which is a testimony to his reputation as one of the most active ex-presidents in the history of the US.
Early Life
Jimmy Carter in full, James Earl Carter Jr. was born in Plains, Georgia on October 1, 1924. The family moved around several times when Carter was an infant. His father was an investor in farmland and his mother was a registered nurse.
The family eventually settled in Archery and had three more children: Gloria, Ruth, and Billy. Jimmy was educated in the public school system, attending Plains High School at the height of the Great Depression and graduating in 1941.
He attended Georgia Southwestern College for one year then transferred to the Georgia Institute of Technology. He then transferred to the Naval Academy where he graduated with a Bachelor of Science degree in 1946.
During his time at the Academy, Jimmy met and fell in love with his sister’s best friend Rosalynn Smith. Jimmy and Rosalynn were married soon after his graduation.
Career
After he was made a junior officer in the Navy, he qualified for commanding a diesel-electric submarine and applied for the US Navy’s fledgling nuclear submarine program run by the then-Captain Hyman G. Rickover, who had a great influence on him.
Later, he went on to study nuclear physics and was elected as a mechanical engineering officer on one of the first atomic submarines. However, following the death of his father, he was required to run the family business and was discharged from the Navy on October 9, 1953.
Thereafter, he returned to Georgia to help his family run their business and eventually expanded the peanut business, which stabilized his finances and eventually made him wealthy.
He started his political career by serving as a member of various local bodies, boards, schools, hospitals, etc.
From 1961 to 1966, he represented the fourteenth district of Georgia in the state Senate of Georgia. In 1966, he decided not to seek re-election to the state Senate as he wanted to contest the gubernatorial election.
He contested the Georgia gubernatorial election in 1966 and lost but became successful in the election of 1970. He became the Governor of Georgia on January 12, 1971, and held this post until January 14, 1975
In the 1976 Presidential Elections, he stood against the then-president, Gerald Ford. Carter won the Presidential election on November 2, 1976, with a narrow margin.
He served as the President of the United States from January 20, 1977, to January 20, 1981. His term witnessed several significant decisions including the Panama Canal treaties, the Treaty of Peace between Egypt and Israel, the SALT II treaty with the Soviet Union, and the establishment of diplomatic relations with China.
In 1978, he ordered the immediate evacuation of the Love Canal. The neighborhood was declared dangerous as it was built upon a toxic waste landfill. Under the newly formed Superfund law, the Federal disaster fund was authorized to bring down 500 houses, along with the 99th Street School, and the 93rd Street School.
In 1979, the Soviet Union invaded Afghanistan and declared Babrak Karmal as the new president after executing the then-leader of the country, Hafizullah Amin. This threatened the Persian oil supply as well as Pakistan, which was an ally of the United States. In response, Jimmy Carter decided to stop grain shipments to the USSR, requested a 5% annual increase in defense expenditure, and most importantly, called for a boycott of the 1980 Summer Olympics held in Moscow.
He quit office after losing to Ronald Regan, following which he retired to Plains in Georgia. Other than being an important figure in Habitat for Humanity, he was involved in diplomatic endeavors to forge a peace agreement with North Korea.
Jimmy Carter net worth
Jimmy Carter has an estimated net worth of $10 million according to Celebrity Net Worth.
When he was president between 1977 and 1981, Carter earned $200,000 per year, which was the standard salary. As a former president, Carter earns an annual pension of $207,800.
This is the same as $1.4 million in today’s dollars because of inflation.
Currently, United States presidents earn $400,000.
Additionally, he is paid $150,000 per year for a full-staff of Secret Service protection.
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