Larry Summers Net Worth is$20 Million
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Profession: Politician, Scientist, Economist, Professor
Date of Birth: Nov 30, 1954
Nicknames: Lawrence Henry Summers, Larry Summers, Lawrence H. Summers
Country: United States of America
Lawrence Summers is the Director of the Economic Council for the White House, with a net worth of $20 million. Lawrence Summers accumulated his net worth through his years in government positions and as the President of Harvard University, as well as Chief Economist for the World Bank. He was born in New Haven, Connecticut U.S.
Lawrence Henry Summers (born November 30, 1954) is an American economist. He served as the 71st United States Secretary of the Treasury from 1999 to 2001 under President Bill Clinton. He was Director of the White House United States National Economic Council for President Barack Obama until November 2010. Summers is the Charles W. Eliot University Professor at Harvard University's Kennedy School of Government. He is the 1993 recipient of the John Bates Clark Medal for his work in several fields of economics.
Summers also served as the 27th President of Harvard University from 2001 to 2006. Summers resigned as Harvard's president in the wake of a no-confidence vote by Harvard faculty that resulted in large part from Summers's conflict with Cornel West, financial conflict of interest questions regarding his relationship with Andrei Shleifer, and a 2005 speech in which he suggested that the under-representation of women in science and engineering could be due to a "different availability of aptitude at the high end," and less to patterns of discrimination and socialization.
Summers has also been criticized for the economic policies he advocated as Treasury Secretary and in later writings. In 2009, he was tapped by President Obama to be the director of the White House National Economic Council.
Summers was born in New Haven, Connecticut, on November 30, 1954, into a Jewish family, the son of two economists, Robert Summers and Anita Summers of (Romanian-Jewish ancestry), who are both professors at the University of Pennsylvania, as well as the nephew of two Nobel laureates in economics: Paul Samuelson (sibling of Robert Summers, who, following an older brother's example, changed the family name from Samuelson to Summers) and Kenneth Arrow (Anita Summers's brother). He spent most of his childhood in Penn Valley, Pennsylvania, a suburb of Philadelphia, where he attended Harriton High School.
At age 16, he entered the Massachusetts Institute of Technology (MIT),

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Larry Summers Latest News

Larry Summers: Senate GOP Tax Bill Would Cause ‘Thousands’ to Die

Monday on CNBC’s “Squawk Box,” former Obama National Economic Council director Larry Summers discussed his op-ed in Sunday’s Washington Post and said the Republican Senate tax bill, which included a repeal of the ObamaCare individual mandate ...
Posted: December 4, 2017, 4:50 am

Larry Summers says Republican tax plan not what is needed, doubles down on ‘sugar high’ prognosis

The stock market has soared since last February when Larry Summers first warned investors that the market might be suffering from a “sugar high” that is not supported by an improvement in the economy, but the former Treasury secretary is nonplussed.
Posted: December 11, 2017, 7:16 am

Summers Says Senate Tax Plan Will Cost Lives

Dec.04 -- Former U.S. Treasury Secretary Larry Summers discusses the GOP's tax overhaul plan with Bloomberg's David Westin on "Bloomberg Markets."
Posted: December 4, 2017, 7:18 pm
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