Larry Summers Net Worth
Larry Summers net worth: Larry Summers is an American economist who has a net worth of $40 million. Lawrence Summers accumulated is probably most famous from his years in government positions, as the President of Harvard University, as well as Chief Economist for the World Bank. Lawrence Henry Summers was born in New Haven, Connecticut in November 1954. He is the President Emeritus and Charles W. Elliot University Professor of Harvard University. He graduated from Harvard and became a professor economics there in 1983. He left in 1991 to become the Chief Economist at the World Bank. In 1993 he became the Undersecretary for International Affairs of the United States Department of the Treasury, serving under the Clinton administration. He became Deputy Secretary of the Treasury in 1995 and then became Secretary of the Treasury in 1999. From 2001 to 2006 Summers served as the 27th President of Harvard University. He then was a managing partner at hedge fund D.E. Shaw & Co. and gave speeches for firms such as Goldman Sachs, Citigroup, JPMorgan Chase, Merrill Lynch, and Lehman Brothers. From 2009 to 2010 he served as Director of the White House United States National Economic Council under President Barack Obama. He has written columns for major newspapers and at one point was thought of as a possible successor for Chairman of the Federal Reserve. He was diagnosed with Hodgkin's lymphoma at a young age but underwent treatment and became cancer free. He has three children with his first wife and married Elisa New in 2005. He continues to serve as a professor and director at Harvard's Kennedy School of Government.