Larry Summers Net Worth (Updated 2026).

Larry Summers, a prominent economist and academic, began his career at an unusually young age. After graduating from Harvard University summa cum laude at just 19 years old, he went on to earn his Ph.D. in economics from MIT. His exceptional intellect caught the attention of prominent figures in the field, leading to his appointment as the youngest tenured professor at Harvard University at the age of 28.

Larry Summers’ Current Net Worth (2025)

As of 2025, Larry Summers’ current net worth is estimated to be around $40 million, according to the latest available information. This figure reflects his successful career in economics and finance.

Career

Larry Summers is a renowned economist and academic, serving as the 27th President of Harvard University from 2001 to 2006. He previously served as the 71st United States Secretary of the Treasury under President Bill Clinton and the Director of the National Economic Council under President Barack Obama. Summers is also a prominent figure in the Democratic Party and has been a strong advocate for free trade and globalization.

Other Ventures

In addition to his academic and political career, Summers has been involved in various other ventures. He is a co-founder of the National Bureau of Economic Research, a non-profit organization dedicated to promoting economic research. Summers also serves as a Managing Director at the D.E. Shaw group, a global investment and technology development firm.

Assets

Larry Summers’ assets primarily consist of his ownership in various investment funds and real estate holdings. He owns a residence in Cambridge, Massachusetts, valued at around $2 million, as well as other real estate properties. His investment portfolio includes stakes in hedge funds and private equity firms, which contribute significantly to his net worth.

Annual Income

As of 2025, Larry Summers’ annual income is estimated to be around $5 million. This figure is derived from his various roles, including his academic salary, speaking engagements, and consulting fees. His income also includes earnings from his investments and other business ventures.

Frequently Asked Questions about  Larry Summers

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Frequently Asked Questions about Larry Summers

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1. What is Larry Summers’ net worth?

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Larry Summers’ net worth is estimated to be around $50 million.

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2. What is Larry Summers’ occupation?

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Larry Summers is an American economist and academic. He served as the 71st United States Secretary of the Treasury from 1999 to 2001 and as the Director of the National Economic Council under President Barack Obama from 2009 to 2010.

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3. Where did Larry Summers grow up?

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Larry Summers grew up in New Haven, Connecticut. He is the son of Robert Summers, an economist, and Anne Ottenberg, a social worker.

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4. What is Larry Summers’ educational background?

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Larry Summers graduated from MIT with a Bachelor of Science degree in economics in 1975. He then earned a Master of Arts degree in economics from Harvard University in 1976 and a Ph.D. in economics from Harvard in 1982.

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5. What are some of Larry Summers’ notable works?

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Larry Summers has written extensively on a variety of economic topics. Some of his notable works include “The Economics of Science” (2001), “Understanding Unemployment” (2005), and “The Age of Diminished Expectations” (2016).

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6. What is Larry Summers’ political affiliation?

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Larry Summers is a member of the Democratic Party.

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7. Has Larry Summers ever run for political office?

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No, Larry Summers has not run for political office. He has served in various political appointments, but he has not been a candidate for elected office.

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8. What is Larry Summers’ current role at Harvard University?

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Larry Summers is currently the Charles W. Eliot University Professor at Harvard University. He has been a professor at Harvard since 2001.

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9. What are some of the controversies surrounding Larry Summers?

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Larry Summers has been involved in several controversies throughout his career. In 2005, he resigned from his position as the President of Harvard University amid controversy over his comments about women’s aptitude for science and engineering. In 2013, he faced criticism for his role in the 1991 decision to devalue the gold content of the United States dollar.

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10. What is Larry Summers’ stance on climate change?

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Larry Summers has expressed concern about the economic impacts of climate change and has supported policies aimed at reducing greenhouse gas emissions. However, he has also been critical of some proposed solutions to climate change, such as a carbon tax, arguing that they could have significant economic costs.