Lawrence Henry Summers is an American economist who served as Chief Economist of the World Bank, former vice president for development economics, representative of the United States Department of the Treasury under President Clinton, and a former Director of the American Economic Council under President Obama. Prior to that, he served as president of Harvard University and as a professor at the Kennedy School of Government at Harvard.
Quick Info
| Famous name: | Summer Larry |
| Real name/Full name: | Lawrence Henry summer |
| Sex: | male |
| Year old: | 68 years old |
| Date of birth: | November 30, 1954 |
| Place of birth: | New Haven, Connecticut, USA |
| Nationality: | American |
| Height: | 5 feet 9 inches |
| Weight: | 80kg |
| Sexual orientation: | Straight |
| Marital status: | Married |
| Spouse (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): | do not apply |
| Job: | American economist |
| Wage: | NA |
| Net worth in 2023: | 45 million USD |
Larry Summers’ Biography
In New Haven City, Connecticut, Larry Summers was born. He comes from a Jewish background. He is the son of economists Robert Summers and Anita Summers. Both have held academic positions at the University of Pennsylvania. Summers has two more nephews, Paul Samuelson (his father’s biological brother) and Kenneth Arrow (his mother’s biological 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 the degree (Ph.D., 1982).
Larry Summers Age, Height and Weight
Larry Summers was born on November 30, 1954, as of 2023, he is 68 years old. He weighs 80 kg and is 1.5 m tall.
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Career
Summers began working at Harvard University in 1983 as a professor of economics. He left Harvard in 1991, and from that year until 1993 he served as the World Bank’s Chief Economist. He was selected by the Clinton Administration as Under Secretary of the Treasury for International Affairs in 1993.
Summers was promoted to Deputy Minister of Finance in 1995. He was appointed Minister of Finance in 1999. He made a significant contribution during the Mexican economic crisis of 1994, the financial crisis. Russia and the 1997 Asian financial crisis.
At financial firms such as JPMorgan Chase, Goldman Sachs, Merrill Lynch, Lehman Brothers and Citigroup, Summers spoke. He was Director of the White House’s National Economic Council from January 2009 to November 2010 when President Obama was in office.
Summers is recognized as one of the primary voices of the Clinton Administration. During his tenure as Treasury Secretary, he oversaw the Clinton administration’s rejection of the Republican tax cut proposal.
Larry Summers’ Net Worth
Larry Summers has amassed a considerable sum of money through his significant contributions to government operations. As of July 2023, his estimated net worth is $45 million.
Summers was proposed by President Clinton for the position of Secretary of the Treasury in 1999. Summers’ debts were worth $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 at between $16 and $38 million at the time. He amassed a significant portion of his fortune by spending several years in senior government positions. He served as Chief Economist of the World Bank and President of Harvard University.
He served as Under Secretary for International Affairs of the US Department of Treasury under the Clinton administration in 1993. He was appointed Deputy Secretary of the Treasury in 1995, then in 1999 he was appointed as Deputy Secretary of the Treasury. Minister. From 2001 to 2006, Summers was the 27th president of Harvard University. He then rose to the position of managing partner of “DE Shaw & Co.” In addition, he has transferred addresses to companies such as Citigroup, Goldman Sachs, Merrill Lynch, Lehman Brothers, and JPMorgan Chase. Summers directed the US National Economic Council from 2009 to 2010 when Barack Obama was president. As a recognized academic economist, Larry Summers has held important government roles and is in charge of
Larry Summers’ Wife, Marriage
Larry Summers married Elisa New, a former English professor, in December 2005. Before that, he was married to Victoria Joanne. Harry and twin daughters Pamela and Ruth are the couple’s only child. He currently resides in Brookline, Massachusetts, with his family. He was diagnosed with Hodgkin lymphoma while studying for his Ph. He received the care he needed and recovered from cancer.
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