Lawrence Henry Summers, or simply Larry Summers, is an American economist. Summers served as the United States Secretary of the Treasury from 1999 to 2001. He then served as the President of Harvard University from 2001 to 2006. Furthermore, Summers was appointed as the director of the National Economic Council from 2009 to 2010. His parents, both economists, were professors at the University of Pennsylvania. In this article, we will delve deeper into Larry Summers’ net worth in 2025.
What is Larry Summers’ Net Worth in 2025?
Larry Summers has an estimated net worth of $38 million in 2025.
Summers’ net worth is derived from his earnings as a professor of Economics at Harvard University. He held important financial positions in the government. Summers also worked at various financial institutions, including the World Bank.
People best know Summers as a brilliant economist and academic mind. He has served under the administrations of Presidents Bill Clinton and Barack Obama. He worked as the Chief Economist of the World Bank from 1991 to 1993 and then as the managing partner at the hedge fund D. E. Shaw & Co.
Notably, Summers played a crucial role in the American response to the 1994 economic crisis in Mexico, the 1997 Asian financial crisis, and the 1998 Russian financial crisis. He served as the President of Harvard University and brought about significant changes to aid students and aspiring economists.
What does Larry Summers do for a living?
Larry Summers is an American economist and former professor of Economics.
On November 18, former President of Harvard University Larry Summers revealed he will step back from public commitments in the wake of his recent scandal related to disgraced financier Jeffrey Epstein.
Summers revealed (via CBS News), “I am deeply ashamed of my actions and recognize the pain they have caused. I take full responsibility for my misguided decision to continue communicating with Mr. Epstein.”
The House committee has stated that Summers was in contact with Epstein until the day before the latter’s 2019 arrest for the alleged sex trafficking of minors. Additionally, Summers expressed regret over his actions and continued contact with Epstein in a personal statement as well.
Summers wrote (via BBC News), “I take full responsibility for my misguided decision to continue communicating with Mr. Epstein. While continuing to fulfil my teaching obligations, I will be stepping back from public commitments as one part of my broader effort.”
Larry Summers’ earnings explained – how does he make money?
Larry Summers earns through various professional pursuits.
Summers is an American economist and a brilliant academic mind. He became a professor of Economics at Harvard University in 1983. He has held important roles in various financial institutions, including the World Bank and the hedge fund D.E. Shaw & Co.
Summers played an active role as an economist, advisor, and policymaker under the administrations of President Bill Clinton and then President Barack Obama. He also served as the President of Harvard University from 2001 to 2006.
Additionally, he wrote columns for major newspapers, including the Washington Post. Notably, he was also an early angel investor in India’s first car rental company, Zoomcar. In November 2023, Summers joined the board of directors of OpenAI.
The post Larry Summers Net Worth 2025: How Much Money Does He Make? appeared first on Reality Tea.
from Reality Tea https://www.realitytea.com/2025/11/18/larry-summers-economist-epstein-net-worth-2025/
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