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Thomas Jefferson Net Worth

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Thomas Jefferson
Photo: Rembrandt Peale · Wikimedia Commons · Public domain
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Quick facts

Born1743

ProfessionTeacher

NationalityAmerican

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Background and career

Thomas Jefferson (April 13 [O.S. April 2], 1743 – July 4, 1826) was a Founding Father and the third president of the United States, serving from 1801 to 1809. A prolific writer and philosopher, Jefferson was the primary author of the Declaration of Independence. His political philosophy formed the basis for Jeffersonian democracy, which dominated early American politics alongside federalism. Jefferson remains celebrated as an icon of American political values, but is also controversial for being a lifelong slave owner. Born into a slave owning family in Shadwell, Virginia, Jefferson emerged as an ideological leader of the American Revolution through his fierce advocacy for civil liberties, including the freedoms of speech, religion, and thought. He was elected to represent Virginia in the Second Continental Congress in 1775 and selected a member of the Committee of Five. Jefferson drafted the Declaration of Independence largely alone, and the document was unanimously passed by the Congress in 1776. Jefferson was appointed U.S. Minister to France in 1785 by the Confederation Congress, maintaining the American–French alliance against the British. He was appointed the first U.S. Secretary of State by President George Washington in 1790, helping administer Washington's policy of neutrality in European conflicts. Jefferson and his political ally James Madison founded the Democratic-Republican Party in 1792, centered on republicanism, individual rights, agrarianism, and limited government. Running against Federalist Party candidate John Adams in 1796, Jefferson finished with the second-highest number of votes and became Adams's vice president. He ran again in 1800, winning against Adams, and in 1804 overwhelmingly defeating the Federalists' Charles Cotesworth Pinckney of South Carolina. Jefferson's presidency assertively defended the nation's shipping and trade interests against Barbary pirates and aggressive British trade policies, promoted a western expansionist policy with the Louisiana Purchase, which doubled the nation's geographic size, and reduced military forces and expenditures following successful negotiations with France. In his second presidential term, he was beset by difficulties at home, including the trial of his former vice president Aaron Burr. In 1807, Jefferson implemented the Embargo Act to defend the nation's industries from British threats to U.S. shipping, limit foreign trade, and stimulate the birth of American manufacturing. Jefferson is ranked among the upper tier of U.S. presidents both by scholars and in public opinion. Presidential scholars and historians have praised Jefferson's advocacy of religious freedom and tolerance, his peaceful acquisition of the Louisiana Territory from France, and his leadership in supporting the Lewis and Clark Expedition. They acknowledge his lifelong ownership of large numbers of slaves, but offer varying interpretations of his views on and relationship with slavery.

Jefferson was born on April 13, 1743 (April 2, 1743, Old Style, Julian calendar), at the family's Shadwell Plantation in the Colony of Virginia. He was the third of ten children. His father, Peter Jefferson, was a planter and surveyor; his mother was Jane Randolph. Peter Jefferson moved his family to Tuckahoe Plantation in 1745 following the death of William Randolph III, the plantation's owner and Jefferson's friend, who in his will had named Peter guardian of Randolph's children. The Jeffersons returned to Shadwell before October 1753. Jefferson began his education together with the Randolph children at Tuckahoe under tutors. Thomas' father Peter, who was self-taught and regretted not having a formal education, entered Thomas into an English school at age five. In 1752, at age nine, he attended a local school run by a Presbyterian minister and also began studying the natural world, which he grew to love. He studied Latin, Greek, and French, and began learning to ride horses. Thomas read books from his father's modest library. He was taught from 1758 to 1760 by the Reverend James Maury near Gordonsville, Virginia, where he studied history, science, and the classics while boarding with Maury's family. Jefferson came to know various Native Americans including Cherokee chief Ostenaco, who often stopped at Shadwell to visit on their way to Williamsburg to trade. In Williamsburg, the young Jefferson met and came to admire Patrick Henry. Thomas's father died in 1757, and his estate was divided between his sons, Thomas and Randolph. John Harvie Sr. became 14-year-old Thomas' guardian. Thomas inherited approximately 5,000 acres (7.8 sq mi; 20.2 km2), which included the land on which he later built Monticello in 1772. In 1761, at the age of seventeen, Jefferson entered the College of William & Mary in Williamsburg, where he studied mathematics and philosophy with William Small. Under Small's tutelage, Jefferson encountered the ideas of British empiricists, including John Locke, Francis Bacon, and Isaac Newton. Small also introduced Jefferson to George Wythe and Francis Fauquier. Small, Wythe, and Fauquier recognized Jefferson as a man of exceptional ability and included him in their inner circle, where he became a regular member of their Friday dinner parties. Jefferson later wrote that, while there, he "heard more common good sense, more rational & philosophical conversations than in all the rest of my life". During his first year in college, Jefferson spent considerable time attending parties and dancing and was not very frugal with his expenditures; in his second year, regretting that he had squandered away time and money in his first year, he committed to studying fifteen hours a day. While at William & Mary, Jefferson became a member of the Flat Hat Club, the nation's oldest secret society, a small group whose members included St. George Tucker, Edmund Randolph, and James Innes. Jefferson concluded his formal studies in April 1762. He read the law under Wythe's tutelage while working as a law clerk in his office. Jefferson was well-read in a broad variety of subjects, including law, philosophy, history, natural law, natural religion, ethics, and several areas of science, including astronomy and agriculture. Jefferson kept two commonplace books: from about age 15 to 30, he compiled a book of sayings and quotations, published in the 20th century as Jefferson's Literary Commonplace Book. During his years of legal study under Wythe, Jefferson began recording his notes on law, history, and philosophy, and continued to do so until the end of his life; his Legal Commonplace Book was also published in the 20th century. On July 20, 1765, Jefferson's sister Martha married his close friend and college companion Dabney Carr, which greatly pleased Jefferson. In October of that year, however, Jefferson's sister Jane unexpectedly died at age 25. Her death plunged Jefferson into a months-long period of mourning that was spoken of amongst the family. Jefferson treasured his books and amassed three sizable libraries in his lifetime. He began assembling his first library, which grew to 200 volumes, in his youth. Wythe was so impressed with Jefferson that he later bequeathed his entire library to him. In 1770, however, Jefferson's first library was destroyed in a fire at his Shadwell home. His second library, which replenished the first, grew to nearly 6,500 volumes by 1814. After British forces set the Library of Congress on fire in the burning of Washington in 1814, Jefferson sold his second library to the U.S. government for $23,950, hoping to help jumpstart the Library of Congress's rebuilding. Jefferson used a portion of the proceeds to pay off some of his large debt. Jefferson soon resumed collecting his third personal library. In a letter to John Adams, Jefferson wrote, "I cannot live without books." By the time of Jefferson's death a decade later, his third and final library had grown to nearly 2,000 volumes.

In 1767, Jefferson was granted admission to the Virginia bar, and lived with his mother at Shadwell. Between 1769 and 1775, he represented Albemarle County in Virginia's House of Burgesses. While serving in the House of Burgesses, Jefferson pursued reforms to slavery, including writing and sponsoring legislation in 1769 to strip power from the royal governor and courts, instead providing masters of slaves with the discretion to emancipate them. Jefferson persuaded his cousin Richard Bland to spearhead the legislation's passage, but it faced strong opposition in a state whose economy was largely agrarian. As a lawyer, Jefferson took on seven freedom-seeking enslaved people as clients and waived his fee for one he claimed should be freed before the minimum statutory age for emancipation. Jefferson invoked natural law, arguing "everyone comes into the world with a right to his own person and using it at his own will ... This is what is called personal liberty, and is given him by the author of nature, because it is necessary for his own sustenance." The judge cut him off and ruled against his client. As a consolation, Jefferson gave his client some money, which was conceivably used to aid his escape shortly thereafter. Jefferson's underlying intellectual argument that all people were entitled by their creator to what he labeled a "natural right" to liberty is a theme that he later prominently incorporated into the Declaration of Independence. In 1767, Jefferson took on 68 cases for the General Court of Virginia and was counsel in three notable cases of that era, Howell v. Netherland (1770), Bolling v. Bolling (1771), and Blair v. Blair (1772). In 1774, Jefferson authored a resolution calling for a boycott of all British goods in protest of the British Parliament's passing of the Intolerable Acts. Jefferson's resolution was later expanded into A Summary View of the Rights of British America, published that year in which he argued that people have the right to govern themselves.

In 1768, Jefferson began constructing his primary residence, Monticello, on a hilltop overlooking his 5,000-acre (20 km2; 7.8 mi2) plantation. He spent most of his adult life designing Monticello and was quoted as saying, "Architecture is my delight, and putting up, and pulling down, one of my favorite amusements." Construction was done mostly by local masons and carpenters, assisted by Jefferson's slaves. He moved into the South Pavilion in 1770. Turning Monticello into a neoclassical masterpiece in the Palladian style became Jefferson's lifelong project. On January 1, 1772, Jefferson married his third cousin, Martha Wayles Skelton, a 23-year-old widow of Bathurst Skelton. She was a frequent hostess for Jefferson and managed the large household. Historian Dumas Malone described the marriage as the happiest period of Jefferson's life. Martha was a skilled pianist; Jefferson often accompanied her on the violin or cello. During their ten-year marriage, Martha bore six children: Martha "Patsy" (1772–1836); Jane Randolph (1774–1775); an unnamed son who lived for only a few weeks in 1777; Mary "Polly" (1778–1804); Lucy Elizabeth (1780–1781); and another Lucy Elizabeth (1782–1784). Only Martha and Mary survived to adulthood. Martha's father, John Wayles, died in 1773, and the couple inherited 135 enslaved people, 11,000 acres (45 km2; 17 mi2), and the estate's debts. The debts took Jefferson years to satisfy, contributing to his financial problems. Martha later suffered from ill health, including diabetes, and frequent childbirth weakened her. A few months after the birth of her last child, she died on September 6, 1782, with Jefferson at her bedside. Shortly before her death, Martha made Jefferson promise never to marry again, telling him that she could not bear to have another mother raise her children. Jefferson was grief-stricken by her death, relentlessly pacing back and forth for roughly three weeks, and finally emerging to take long rambling rides on secluded roads with his daughter, Martha, who said she was "a solitary witness to many a violent burst of grief".

Jefferson was the primary author of the Declaration of Independence. At age 33, he was one of the youngest delegates to the Second Continental Congress, which convened in the colonial capital of Philadelphia following the Battles of Lexington and Concord, which launched the American Revolutionary War in 1775. Delegates to the Congress overwhelmingly favored authoring, ratifying, and issuing a formal declaration of independence from Britain. Jefferson was inspired by the Enlightenment ideals of the sanctity of the individual, and the writings of Locke and Montesquieu. Jefferson sought out John Adams, a Continental Congress delegate from Massachusetts and an emerging leader in the Congress. They became close friends, and Adams supported Jefferson's appointment to the Committee of Five, which the Congress charged with authoring the Declaration: Adams, Jefferson, Benjamin Franklin, Robert R. Livingston, and Roger Sherman. The committee initially thought that Adams should write the document, but Adams persuaded the committee to choose Jefferson due to Jefferson being a Virginian, popular, and a good writer by Adams. Jefferson consulted with his fellow committee members, but mostly wrote the Declaration of Independence in isolation between June 11 and 28, 1776. Jefferson drew considerably on his proposed draft of the Virginia Constitution, George Mason's draft of the Virginia Declaration of Rights, and other sources. Other committee members made some changes, and a final draft was presented to Congress on June 28, 1776. Congress began debate over its contents on Monday, July 1, resulting in the removal of roughly a fourth of Jefferson's original draft. Jefferson resented the changes, but he did not speak publicly about them. On July 4, 1776, the Congress voted unanimously to ratify the Declaration, and delegates signed it on August 2. Jefferson and the other delegates knew they were committing high treason against the Crown, which was punishable by torture and death. Following its ratification, the Declaration was released publicly. Two days after its ratification, on July 6, The Pennsylvania Evening Post, was the first newspaper to publish it. On July 8 at noon, it was read publicly and simultaneously for the first time at three designated locations: Trenton, New Jersey; Easton, Pennsylvania; and Philadelphia. Contemporary historians generally view the Declaration of Independence as one of the most significant and influential written documents in world history, and Jefferson's preamble is regarded as an enduring statement on individual and human rights. Jefferson's phrase "all men are created equal" has been called "one of the best-known sentences in the English language". Harvard University history chairman David Armitage has written that, "No American document has had a greater global impact than the Declaration of Independence", and historian Joseph Ellis has written that the Declaration includes "the most potent and consequential words in American history".

At the start of the American Revolution, Colonel Jefferson was named commander of the Albemarle County Militia on September 26, 1775. He was then elected to the Virginia House of Delegates for Albemarle County in September 1776, when finalizing the state constitution was a priority. For nearly three years, Jefferson assisted with the constitution and was especially proud of his Bill for Establishing Religious Freedom, which prohibited state support of religious institutions or enforcement of religious doctrine. The bill failed to pass, as did his legislation to disestablish the Anglican Church, but both were later revived by James Madison. In 1778, Jefferson was given the task of revising the state's laws. He drafted 126 bills in three years, including laws to streamline the judicial system. He proposed statutes that provided for general education, which he considered the basis of "republican government". Jefferson also was concerned that Virginia's powerful landed gentry were becoming a hereditary aristocracy and took the lead in abolishing what he called "feudal and unnatural distinctions". He targeted laws such as entail and primogeniture by which a deceased landowner's oldest son was vested with all land ownership and power. Jefferson was elected governor for one-year terms in 1779 and 1780. He transferred the state capital from Williamsburg to Richmond, and introduced additional measures for public education, religious freedom, and inheritance. During General Benedict Arnold's 1781 invasion of Virginia, Jefferson escaped Richmond just ahead of the British forces, which razed the city. He sent emergency dispatches to Colonel Sampson Mathews and other commanders in an attempt to repel Arnold's efforts. When the British occupied Norfolk, Jefferson had caused patriots to burn and destroy it in 1776. General Charles Cornwallis that spring dispatched a cavalry force led by Banastre Tarleton to capture Jefferson and members of the Assembly at Monticello, but Jack Jouett of the Virginia militia thwarted the British plan. Jefferson escaped to Poplar Forest, his plantation to the west. When the General Assembly reconvened in June 1781, it conducted an inquiry into Jefferson's actions which eventually concluded that Jefferson had acted with honor, but Jefferson was not reelected. In April of the same year, his daughter Lucy died at age one. A second daughter of that name was born the following year, but she died at age two. In 1782, Jefferson refused a partnership offer by North Carolina Governor Abner Nash, in a profiteering scheme involving the sale of confiscated Loyalist lands. Unlike some Founders, Jefferson was content with his Monticello estate and the land he owned in the vicinity of Virginia's Shenandoah Valley. Jefferson thought of Monticello as an intellectual gathering place for James Madison, James Monroe, and other friends.

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