The Presidency: The Multimillionaire

Lyndon Johnson was born hard-scrabbling poor in a ramshackle Texas farmhouse, but he soon learned the value of hard work, good luck, quick wits and bold maneuver. After 27 years of service in modestly paid public offices, he has managed to become one of the richest Presidents in U.S. history.

He himself would estimate the family fortune at about $4,000,000, but others put it a good deal higher. This week, LIFE puts the Johnson fortune at about $14 million, and tells a detailed story of how it grew.

The KTBC Story. The cornerstone...

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