Nation: $42,500 Family

$42,5000 Family

Estimating the family income of the Franklin Delano Roosevelts, FORTUNE last week presented the Democratic presidential nominee as essentially a salaried man without large private resources.

Last July FORTUNE reported the personal fortune of Herbert Hoover had declined from $4,000,000 to $700,000 (TIME, Aug. 1). FORTUNE calculates that Governor Roosevelt and his wife have a joint annual income of $42,500 distributed as follows: $25,000 salary from New York State; $12,500 interest on investments acquired by inheritance; $5,000 from a semi-inactive law practice, magazine articles, Mrs....

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!