|Date of Birth:
|March 6, 1926 (97 years old)
|Economist, Scientist, Politician, Businessperson, Consultant
|United State Of America
What is Alan Greenspan’s net worth? How does Alan Greenspan make his money? Below is the current net worth of Alan Greenspan and how Alan Greenspan makes his money.
What is Alan Greenspan’s Net Worth?
Alan Greenspan is an English scientist, economist, author, and consultant who has a net worth of $20 million. Greenspan received a $180,000 salary while chair of the Federal Reserve of the United States from 1987 until 2006. He currently owns the consultancy business Greenspan Associates LLC, where he serves as a private advisor to several businesses.
Childhood And Education
New York City welcomed Alan Greenspan into the world on March 6, 1926. Rose and Herbert, his parents, were of Romanian and Hungarian ancestry, respectively. Herbert was a stockbroker and market analyst.
Alan’s mother reared him in the house of his grandparents after Rose and Herbert split when he was a little child. Greenspan attended the Juilliard School after completing his studies on the clarinet at George Washington High School in 1943.
He remained at Juilliard until 1944, after which he transferred to the Stern School of Business at New York University, where he earned his Bachelor of Arts in economics summa cum laude in 1948.
After obtaining his Master of Arts in economics two years later, Alan briefly pursued a degree in advanced economics at Columbia University before discontinuing his studies to concentrate on his career at Townsend-Greenspan & Company.
In 1977, he graduated from NYU with a Ph.D. in economics.
While still a student at NYU, Greenspan started working in the stock research division of the investment bank, Brown Brothers Harriman. From 1948 to 1953, he was an economist at The National Industrial Conference Board.
In 1955, Townsend-Greenspan & Co., Inc., an organization that provides economic consulting, named Alan president and chairman. Up until 1987, he served in these capacities, with the exception of the three years he took to serve as Gerald Ford’s successor as chairman of the Council of Economic Advisers (1974–1977).
Greenspan offered economic counsel to Richard Nixon in 1968 when he was vying for the presidency. Additionally, he has held directorships for a variety of businesses, including J.P. Morgan & Co., Automatic Data Processing, General Foods, and the Mobil Corporation.
Two months after Reagan nominated him, Greenspan succeeded Paul Volcker as chairman of the Federal Reserve Board of Governors in August 1987. During the Mexican Peso Crisis, he contributed to the country’s bailout of Mexico, and Bill Clinton backed his reelection in 1993.
He also backed Clinton’s program to reduce the debt (1994–1995). Numerous people believed that Alan’s multiple interest rate increases in 2000 contributed to the dot-com bubble’s eventual deflation.
Following his resignation from the Federal Reserve, Mr. Greenspan established the economic consulting company Greenspan Associates LLC and received an honorary position in the UK’s HM Treasury.
Greenspan supported George W. Bush’s plan to slash taxes in 2001, and he later said that Saddam Hussein ought to be overthrown to “defend the international oil supply.” In 2004, Alan was a finalist for George W. Bush’s pick to head the Federal Reserve for a second term (his fifth); he held that position until January 31, 2006, when Ben Bernanke took over.
In 1952, Alan wed the artist Joan Mitchell; the following year, they decided to call their union off. On April 6, 1997, Supreme Court Justice Ruth Bader Ginsburg officiated his marriage to journalist Andrea Mitchell. Midway through the 1970s, Greenberg was also romantically involved with Barbara Walters.
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