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Lawrence Henry Summers is a former director of the American Economic Council under President Obama as well as the former chief economist of the World Bank and vice president of development economics. Summers also represented the US Treasury Department under President Clinton. He formerly held the positions of president of Harvard University and professor at Harvard’s Kennedy School of Government.

What is the Net Worth of Larry Summers?

Due to Larry Summers’ significant contribution to the functioning of government, he has amassed a large amount of wealth. His estimated net worth was $45 Million as of July 2023.you may like: Ann Belsky-Make-up artist| Net Worth, Age, Height, Relationship, Career and Wiki!

Early years:

Larry Summers was born in New Haven, Connecticut. He is Jewish in his heritage. He is the son of Anita and Robert Summers, both economists. They both previously worked as professors at Pennsylvania University. Paul Samuelson, a brother of Summers’ father, and Kenneth Arrow, a sister of Summers’ mother, are two further nephews that Summers has. They are both Nobel laureates in economics. Summers was raised in the Penn Valley of Pennsylvania. He proceeded to study at Harriton High School. He received a Ph.D. from the Massachusetts Institute of Technology in 1982.Age and Physical Appearance:

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Career of Larry Summers:

In 1983, Summers began working as a professor of economics at Harvard University. After leaving Harvard, he worked as the World Bank’s chief economist from 1991 to 1993. In 1993, the Clinton Administration appointed him as the Undersecretary for International Affairs of the US Treasury Department.

Summers was given a promotion to the position of Deputy Secretary for the Treasury Department, in 1995. In 1999, he was chosen to be the Treasury Secretary. During the Asian financial crisis of 1997, the Russian financial crisis, and the Mexican economic crisis of 1994, he significantly contributed.

Summers gave speeches at financial institutions such JPMorgan Chase, Goldman Sachs, Merrill Lynch, Lehman Brothers, and Citigroup. During President Obama’s administration, he served as the director of the White House US National Economic Council from January 2009 to November 2010.

One of the leading voices of the Clinton Administration was acknowledged to be Summers. He handled the President Clinton administration’s decision to reject a Republican tax cut during his time as Treasury Secretary.

Is Larry Summers Married?

Elisa New, a former English professor, and Larry Summers wed in December 2005. Previously, he was married to Victoria Joanne. The couple’s only children were Harry and their identical twin daughters Pamela and Ruth. He and his family are presently residing in Brookline, Massachusetts. While obtaining his Ph.D., he received a Hodgkin’s lymphoma diagnosis. He received the necessary treatment and beat cancer.

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