Larry Summers Net Worth 2024: Age, Height, Weight, Wife, Kids, Bio-Wiki

Lawrence Henry Summers is US economist, Chief Economist of the World Bank, and retired Vice President of Development Economics, American Treasury Department official during President Clinton’s administration, and retired director of the American Economic Council for President Obama. He has earlier worked as president of Harvard University, and professor at the Harvard’s Kennedy School of Government.

Maybe you know about Larry Summers very well, but do you know how old and tall is he and what is his net worth in 2024? If you do not know, we have prepared this article about details of Larry Summers’s short biography-wiki, career, professional life, personal life, today’s net worth, age, height, weight, and more facts. Well, if you’re ready, let’s start.

Early Life & Biography

Larry Summers was born in New Haven, Connecticut. He hails from a Jewish family. He is the son of Anita Summers and Robert Summers, who are both economists. They both have worked as a professor at Pennsylvania University. Summers also two nephews named Paul Samuelson (sibling of his father) and Kenneth Arrow (sibling of his mother). They are both Nobel laureates in economics. Summers was raised in Penn Valley, Pennsylvania. He studied at Harriton High School. He graduated from the Massachusetts Institute of Technology (Ph.D., 1982).

Personal Life

In December 2005, Summers got married to Elisa New, who has been an English professor. Earlier, he was married to Victoria Joanne. The couple had three children as twin daughters Pamela, and Ruth and son Harry). Presently, he lives with his family in Brookline, Massachusetts. While he was doing his PhD, he was identified with Hodgkin’s lymphoma. He took the necessary treatment and became free from cancer.

Age, Height, and Weight

Being born on November 30 1954, Larry Summers is 69 years old as of today’s date 26th April 2024. His height is 5 ft 9 inches tall, and his weight is 80 kg.

Career

In 1983, Summers joined Harvard University as a professor of economics. In 1991, he left Harvard and worked as the World Bank’s Chief Economist between 1991 and 1993. In 1993, he was appointed as Undersecretary for International Affairs of the US Treasury Department under the Clinton Administration.

In 1995, Summers got promoted to the position of Deputy Secretary of the Treasury department. In 1999, he became Secretary of the Treasury Department. He played a noteworthy role during the 1994’s Mexico economic crisis, the Russian financial crisis, and the 1997’s Asian financial crisis.

Summers worked as a speaker at financial institutions such as JPMorgan Chase, Goldman Sachs, Merrill Lynch, Lehman Brothers, and Citigroup. During the Obama administration (January 2009 to November 2010), he served as the Director of the White House US National Economic Council.

Summers was regarded as a leading voice in the Clinton Administration. He served as Treasury Secretary and in 1999 led President Clinton Administration’s obstruction to tax reduction proposed by the Republican Congress.

Awards & Achievements

In areas of public finance, economics, financial economics, macroeconomics, and labor economics. Summers has worked in economic demography, international economics, development economics, and economic history. In 1993, he received the John Bates Clark Medal from the US Economic Association. In 1987, he became the first social scientist to have won the Alan T. Waterman Award from the NSF (National Science Foundation). He is also the member of the NAS (National Academy of Sciences).

He has been the member of the Council of Economic Advisers during President Reagan in the year between 1982 and 1983. Summer has also been the economic adviser during the Dukakis Presidential campaign that took place in 1988. In 1993, Summers served as Chief Economist for the World Bank, and Vice President of Development Economics till 1993. 

Net Worth & Salary of Larry Summers in 2024

For his significant contribution to the working of government, he has amassed a substantial amount of money. His estimated net worth is $45 Million as of April 2024.

In 1999, Summers was nominated by President Clinton to serve as Treasury Secretary. In 1999, the value of assets held by Summers was calculated to be $900,000, and his debts were worth $500,000. In 2009, he served in the administration of Obama President and reported a projected net worth between $16 million and $38 million. He accumulated a significant part of his net worth from serving in top positions in government for several years. He has been the President of Harvard University and Chief Economist for the World Bank.

In 1993, he presided at the post of the Undersecretary for International Affairs of the American Treasury Department during the Clinton administration. In 1995, he became Deputy Secretary of the Treasury Department and became Secretary of that department in 1999. Summers worked as the twenty-seventh position as the President of Harvard University between 2001 and 2006. Later he became a managing partner at “D.E. Shaw & Co..” He has also given speeches for organizations that include Citigroup, Goldman Sachs, Merrill Lynch, Lehman Brothers, and JPMorgan Chase.

Between 2009 and 2010, during the Presidential rule of Barack Obama, Summers served as director of the US National Economic Council.

Larry Summers has been a recognized Academic economist who has held significant positions in the government and was responsible for making critical decisions for the country.