Lawrence Henry Summers is a US economist who served as Chief Economist of the World Bank, former vice president of development economics, representative of the US Treasury Department under President Clinton, and former director of the American Economic Council under President Obama. Previously, he served as president of Harvard University and a professor at the Kennedy School of Government at Harvard.
Fast Facts
| Celebrated Name: | Larry Summers |
| Real Name/Full Name: | Lawrence Henry Summers |
| Gender: | male |
| age: | 68 years old |
| Date of birth: | November 30, 1954 |
| Birthplace: | New Haven, Connecticut, USA |
| nationality: | America |
| Height: | 5 feet 9 inches |
| Weight: | 80 kg |
| Sexual Orientation: | Straight |
| Marriage status: | married |
| Wife/Partner (Name): | Victoria Perry (d. 1984–2003), Elisa New (d. 2005) |
| Children/Children (Boys and Girls): | Yes (Ruth and Pamela and Harry from first marriage) |
| Dating/Girlfriend (Name): | N/A |
| Profession: | American Academic economist |
| Salary: | NA |
| Net Worth in 2023: | $45 Million |
Biography of Larry Summers
In the city of New Haven Connecticut, Larry Summers was born. He comes from a Jewish background. He is the son of economist Robert Summers and Anita Summers. Both have held academic positions at the University of Pennsylvania. Summers has two other nephews, Paul Samuelson (his father’s brother) and Kenneth Arrow (his mother’s brother). They are both Nobel laureates in economics. In Pennsylvania’s Penn Valley, Summers grew up. He went to Harriton High School to study. The Massachusetts Institute of Technology awarded him a degree (Ph.D., 1982).
Larry Summers Age, Height and Weight
Larry Summers was born on November 30, 1954, making him 68 years old in 2023. He weighs 80 kilograms and is 5 feet 9 inches tall.
Larry Summers
Career
Summers began working at Harvard University in 1983 as a professor of economics. He left Harvard in 1991, and from that year to 1993, he served as Chief Economist of the World Bank. He was selected by the Clinton Administration to serve as the US Treasury Department’s Under Secretary for International Affairs in 1993.
Summers received a promotion to the position of Deputy Secretary of the Treasury Department in 1995. He was appointed Secretary of the Treasury in 1999. He made significant contributions during the Mexican economic crisis in 1994, the Russian financial crisis, and the Asian financial crisis in 1997. .
At financial companies such as JPMorgan Chase, Goldman Sachs, Merrill Lynch, Lehman Brothers and Citigroup, Summers spoke. He was the Director of the US National Economic Council at the White House from January 2009 to November 2010 during President Obama’s tenure.
Summers is recognized as one of the leading voices of the Clinton Administration. During his tenure as Treasury Secretary, he oversaw President Clinton’s administration’s rejection of Republican-proposed tax cuts.
Larry Summers Net Worth
Larry Summers has amassed a large sum of money as a result of his significant contributions to government operations. As of August 2023, his estimated net worth is $45 Million.
Summers was nominated by President Clinton for the position of Treasury Secretary in 1999. Summers’ debts were valued at $500,000, and his assets were estimated at $900,000. He was a member of President Obama’s cabinet in 2009, and he estimated his net worth to be between $16 and $38 million at the time. He amassed most of his wealth by spending several years in senior positions in the government. He served as Chief Economist for the World Bank and President of Harvard University.
He served as Deputy Secretary of the US Treasury Department for International Affairs during the Clinton administration in 1993. He was appointed as Deputy Secretary of the Treasury Department in 1995, then in 1999, he was appointed as Secretary. Between 2001 and 2006, Summers served as the twenty-seventh president of Harvard University. Later, he held the position of managing partner of “DE Shaw & Co.” Additionally, he has delivered addresses for companies such as Citigroup, Goldman Sachs, Merrill Lynch, Lehman Brothers and JPMorgan Chase. Summers directed the US National Economic Council from 2009 to 2010 during Barack Obama’s presidency. A recognized academic economist, Larry Summers has held important government and responsible roles
Wife of Larry Summers, Marriage
Larry Summers married Elisa New, a former English professor, in December 2005. He was previously married to Victoria Joanne. Harry and their twin daughters Pamela and Ruth are the couple’s only children. He currently resides in Brookline, Massachusetts, with his family. He was diagnosed with Hodgkin’s lymphoma while pursuing his Ph.D. He received the necessary treatment and recovered from cancer.
Categories: Biography
Source: SCHOOL TRANG DAI
