President Ronald Reagan (February 6, 1911 – June 5, 2004) was an American politician who served as the country's 40th president from 1981 to 1989. He was the Republican Party's 33rd governor of California from 1967 to 1975, following a career as a Hollywood actor and labour organiser.
Reagan was born in Tampico, Illinois, to a low-income family. In 1932, he graduated from Eureka College and went to work in Iowa as a radio sports commentator. Reagan travelled to California in 1937, where he worked as an actor in a number of prominent productions. Reagan was president of the Screen Actors Guild from 1947 to 1952, during which time he tried to drive out supposed communist influence within the organisation. He switched to television in the 1950s and became a spokesman for General Electric. He was president of the Screen Actors Guild again from 1959 to 1960. In 1964, he received national recognition for his campaign speech "A Time for Choosing" on favour of Republican presidential nominee Barry Goldwater.
Reagan began launching new political and economic initiatives early in his term. His supply-side economic ideas, nicknamed "Reaganomics," advocated for tax cuts, deregulation, and reduced government spending. He survived an assassination attempt during his first term, launched the War on Drugs, invaded Grenada, and fought public-sector labour organisations. During his two administrations, inflation fell from 12.5 percent to 4.4 percent, with an average yearly real GDP growth rate of 3.6 percent. Reagan slashed domestic discretionary expenditure, lowered taxes, and increased military spending, all of which contributed to the federal debt nearly tripling.
The bombing of Libya, the Iran–Iraq War, the Iran–Contra affair, and the lingering Cold War were all topics that dominated his second term. Reagan asked Soviet General Secretary Mikhail Gorbachev to open the Berlin Wall in a speech at the Brandenburg Gate in June 1987, four years after he openly branded the Soviet Union as a "evil empire." By intensifying a weapons race with the USSR while engaging in talks with Gorbachev, he moved Cold War strategy from détente to rollback. The talks culminated in the INF Treaty, which decreased both countries' nuclear arsenals.
Reagan had a 68 percent approval rating when he left office in 1989, matching FDR's and later Bill Clinton's ratings as the highest for departing presidents in the modern era.  Reagan said in November 1994 that he had been diagnosed with Alzheimer's disease earlier that year, despite having anticipated an active post-presidency. As the condition advanced, his public appearances became less frequent. Reagan died on June 5, 2004 at his home in Los Angeles. His presidency marked a shift in American policy toward conservatism, and he is often regarded as a conservative icon. His presidency is regarded as one of the best among American presidents by historians and the general public.
Ronald Reagan was paid a salary of $200,000 per year during his presidency. Ronald Reagan was also given an additional $40,000 to cover his personal expenses, such as food and dry cleaning. Ronald Reagan was also given a $45,000 travel stipend. Ronald Reagan and his family have received $70,000 in White House restoration funds. Reagan had a $250,000 fixed salary after his term ended and until his death.
Who got Ronald Reagan's fortune?
Ronald Reagan was a renowned Hollywood actor before entering politics. Reagan was also one of the highest-paid artists in the world, allowing him to amass vast sums of money. Ronald Reagan's entire fortune was passed down to his five children, Ron Reagan, Patti Davis, Christine Reagan, Michael Reagan, and Maureen Reagan, after his death.
Ronald Reagan's Investments & Assets
Ronald Reagan's father is one of the wealthiest people in the country. Ronald Reagan served in politics for more than three decades. Such a long tenure is unlikely to materialise without strong financial backing. Ronald Reagan has 14 real estate properties, 9 automobiles, and four luxury ships. Ronald Reagan also has a cash reserve of over $25 million in the form of bank deposits and government bonds.