The President of the United States (US) is one of the most crucial positions, not only for the US but in the world.
This is because the US President controls the country with the largest economy in the world.
Like a position or job in general, the president of the US also gets a salary.
How much is the US president’s salary?
As cited News24xx.com from CNBC on Monday, November 30, 2020, the salary of the US President is USD 400 thousand (equivalent to IDR 5.6 billion with an exchange rate of IDR 14,074) per year.
In addition, the US President receives USD 50 thousand per year.
Other benefits are also provided, such as travel allowances of USD 100 thousand and entertainment allowances of USD 19 thousand.
The US President’s salary increase occurred five times from 1789 to 2001 when President George W. Bush took office.
So, when Barack Obama and Donald Trump took office, the salary of the US president had not yet increased.
In 1789 the salary of the US President was USD 25,000,
In 1873 the salary of the US President was USD 50,000,
In 1909 the salary of the US President was USD 75,000,
In 1949 the salary of the US President was USD 100,000,
In 1969 the salary of the US President was USD 20,000,
and the last increase in 2001 the salary of the US President was USD 400,000 to date.
The US president also gets several perks, including free transportation of a limousine, a VVIP escort, Air Force One presidential care, and a residence in the White House. And after retiring the former president remains on the government’s payroll, which is a salary of around USD 200,000 per year. As well as health care insurance and official travel.
In addition, the former presidents typically earn even more from writing books and speeches. Bill Clinton has earned more than USD 75 million in speeches after leaving the White House.
President Donald Trump, whose net worth is estimated at USD 3 billion, has promised to donate all of his president’s salary to charity.
He also donated income to the US Department of Health, Human Services, and the US Department of Transportation in 2017.