Larry Summers is a distinguished American economist, public servant, and academician, have a look at his net worth
Larry Summers’ legacy is multi-faceted. His academic contributions have advanced the understanding of economic principles while his government service has left an imprint on economic policies during critical periods. Despite facing challenges, Summers remains a prominent figure in the intersection of academia, government, and the private sector.
Who is Larry Summers named on OpenAI board, net worth in 2023, bio, age, wife, education, business
So OpenAI still has a EA board, only it's now Larry Summers instead of Helen Toner, hope all misogynists are happy
…Larry fucking Summers calls himself an effective altruist. Let that sink in. pic.twitter.com/tnsGHQLJ05
— Teortaxes▶️ (@teortaxesTex) November 22, 2023
Larry Summers?! lmao
i wonder why he's so interested in AI… https://t.co/n1mDQ5L5Tw pic.twitter.com/WZ9IanFWft
— Matt Binder (@MattBinder) November 22, 2023
Days after CEO Sam Altman was fired by the previous board, Summers who is a former official for both Obama and Clinton is a part of an initial revamped OpenAI board.
68-year-old Larry Summers was born on November 30, 1954, in Lawrence Henry Summers in New Haven. He attended the prestigious Massachusetts Institute of Technology (MIT) at the young age of 16, where he pursued a bachelor’s degree in economics. His academic journey continued at Harvard University, where he earned his Ph.D. in economics.
Summers, known for his intellect and dedication to public service, has managed to keep his personal life relatively private. However, it is known that he is married to Elisa New who is a professor of English at Harvard University. The couple has three kids namely Ruth, Pamela, and Harry.
Larry Summers career
Larry Summers’ contributions to academia are substantial. He served as a professor at MIT and Harvard, where he made significant advancements in the understanding of economic phenomena. His research covered a wide array of topics, from financial markets to public finance, showcasing his versatility and depth of knowledge.
Larry Summers’ influence extends beyond the academic realm. He has held prominent positions in various U.S. administrations. In the early 1990s, he served as the Chief Economist of the World Bank, contributing his expertise to global economic issues. Later, during the Clinton administration, he became the Deputy Secretary of the Treasury and, ultimately, the Secretary of the Treasury.
Larry Summers faced a tumultuous period during his tenure as the President of Harvard University from 2001 to 2006. His remarks on gender and science sparked controversy and led to his resignation. Despite the challenges, his time at Harvard left an enduring impact on the institution.
Summers’ public service continued with his role as the Director of the National Economic Council under President Barack Obama. During this time, he played a key role in shaping economic policies, particularly in response to the global financial crisis of 2008.
Larry Summers’ net worth
Larry Summers is estimated to have a net worth close to $40 million.
Upon being nominated Treasury Secretary by President Clinton in 1999, Summers listed assets of about $900,000 and debts, including a mortgage, of $500,000 and by the time he returned in 2009 to serve in the Obama administration, he reported a net worth between $17 million and $39 million.