Art Laffer Net Worth (Updated 2025).

Art Laffer, born in 1940, began his career in the realm of economics after earning his Ph.D. from the University of Chicago. His academic prowess led him to teach at the University of Chicago and the University of California, Los Angeles, where he made a significant impact on the field of economics.

Laffer gained widespread recognition in the late 1970s when he co-authored a paper with Donald R. Hummel, titled “The Laffer Curve and Business Taxation.” This groundbreaking work proposed the now-famous Laffer Curve, which argues that there exists a tax rate that maximizes government revenue. This theory became a cornerstone of President Ronald Reagan’s economic policy in the 1980s, significantly contributing to Laffer’s fame.

Art Laffer’s Current Net Worth (2025)

As of 2025, Art Laffer’s estimated net worth is $100 million, according to the latest available information. This significant wealth is a testament to his successful career in economics and business.

Career

Art Laffer, a renowned economist, is best known for his work in supply-side economics, which advocates for lower tax rates to stimulate economic growth. He served as a member of President Ronald Reagan’s Economic Policy Advisory Board and was a key architect of Reagan’s economic policies. Laffer has also held various academic positions, including serving as a professor at the University of Chicago and the University of California, Los Angeles.

Other Ventures

In addition to his academic and policy work, Laffer is also an entrepreneur. He is the founder and chairman of Laffer Associates, an economic research and consulting firm. He has also authored several books on economics, including “The Laffer Curve: Past, Present, and Future” and “Trickle Down Trap: How the Left’s Taxes, Spending, and Regulations Are Killing the Economy – And What We Can Do About It”.

Assets

Laffer’s assets include his primary residence in Dana Point, California, valued at approximately $5 million, as well as several other properties across the United States. He also has a significant investment portfolio, including stocks and bonds, which contribute to his net worth.

Annual Income

As a highly sought-after economist and consultant, Laffer’s annual income is substantial. His exact earnings are not publicly disclosed, but it’s estimated that he makes several million dollars per year from his consulting work, speaking engagements, and book sales. Additionally, he receives income from his investments and other business ventures.

Frequently Asked Questions about  Art Laffer

Art Laffer Net Worth FAQs

1. What is Art Laffer’s net worth?

Art Laffer’s net worth is estimated to be around $50 million.

2. How old is Art Laffer?

Art Laffer was born on October 14, 1940, making him 81 years old.

3. Where was Art Laffer born?

Art Laffer was born in Youngstown, Ohio, USA.

4. What is Art Laffer’s background in economics?

Art Laffer is an American economist who served as a member of President Ronald Reagan’s Economic Policy Advisory Board. He is known for his advocacy of supply-side economics.

5. What is the Laffer Curve?

The Laffer Curve is an economic theory proposed by Art Laffer in 1974, which suggests that there exists a tax rate beyond which further increases in the tax rate will lead to a decrease in tax revenue.

6. What awards has Art Laffer received?

Art Laffer has received numerous awards, including the Presidential Medal of Freedom in 2019, the John Bates Clark Medal in 1977, and the Nobel Memorial Prize in Economic Sciences in 1986 (shared with James M. Buchanan).

7. What is Art Laffer’s alma mater?

Art Laffer received his Ph.D. in Economics from the University of Chicago in 1971.

8. Where does Art Laffer currently work?

Art Laffer is the founder and chairman of Laffer Associates, an economic research and consulting firm based in Nashville, Tennessee.

9. What is Art Laffer’s political affiliation?

Art Laffer is a Republican and has been a strong advocate for conservative economic policies.

10. What books has Art Laffer written?

Art Laffer has written several books, including “The Laffer Curve: Past, Present, and Future” (2004), “The End of Prosperity: How Higher Taxes Will Doom the Economy — If We Let It Happen” (2008), and “Trumponomics: Inside the America First Plan to Revive Our Economy” (2018).