Austan Goolsbee is an American economist, he has a net worth of $5 million. Austan Goolsbee has earned his net worth as the former Chairman of the Council of Economic Advisors. Goolsbee was the youngest member appointed to the cabinet of current U.S. President Barack Obama. He was born in Waco, TX on August 18, 1969 he was raised in Whittier, California. Goolsbee is the Robert P. Gwinn Economics Professor at the University Of Chicago Booth School Of Business. He replaced Christina Romer as the Council's Chairman in September 2010, and later on June 6, 2011 he resigned and returned to his teaching career at the University of Chicago. He has been one of the three members on the Council since Obama was elected President. He also served as an advisor to Obama in 2004 during the U.S. Senate race. Goolsbee was also the senior economic advisor during the 2008 Presidential election under Barack Obama. He attended Milton Academy, and he earned both a B.A. summa cum laude and M.A. in economics in 1991 from Yale University. Then is 1995 he received his Ph.D. also in economics from the Massachusetts Institute of Technology. He was also an Alfred P. Sloan Fellow from 2000 to 20002, as well as a Fulbright Scholar from 2006 to 2007. During his college days at Yale Austan was a member of the Yale Political Union and the Yale Debate Association. He married a former director of business development at MTV International Robin Winters on November 1, 1997. They have two sons and one daughter.