Lawrence Summers Net Worth (Updated 2026).

Lawrence Summers, born in 1954, began his remarkable career at an early age, demonstrating exceptional intellect and passion for economics. After graduating summa cum laude from MIT at just 19 years old, he continued his academic pursuits at Harvard University, where he earned his Ph.D. in economics by the age of 23. His impressive academic achievements caught the attention of prominent figures in the field, launching his career in the world of economics and policy making.

Summers’ rise to fame can be attributed to his groundbreaking work in the field of economics and his influential roles in various institutions. He served as the Chief Economist of the World Bank from 1991 to 1993, where he played a significant role in shaping the bank’s policies. In 1993, he was appointed as the Undersecretary of the Treasury for International Affairs under President Bill Clinton, further cementing his reputation as a key player in global economic policy.

Lawrence Summers’ Current Net Worth (2025)

As of 2025, Lawrence Summers’ current net worth is estimated to be around $50 million, according to the latest available information.

Career

Lawrence Summers, born in 1954, is an American economist and academic. He served as the 71st United States Secretary of the Treasury from 1999 to 2001 and Director of the National Economic Council under President Barack Obama from 2009 to 2010. Summers is also a former president of Harvard University and has held prominent positions at the World Bank and the U.S. Department of the Treasury.

Other Ventures

In addition to his academic and political career, Summers is a contributing editor at the Financial Times and a columnist for Reuters. He is also a managing director at the investment firm D.E. Shaw & Co. and serves on the board of several companies, including Square and Lyft.

Assets

Summers’ assets include a significant portfolio of financial investments, primarily in stocks and bonds. He also owns properties in the United States, including a home in Washington D.C. and a vacation home in Martha’s Vineyard, Massachusetts. Additionally, Summers has a collection of art and other valuable personal belongings.

Annual Income

Lawrence Summers’ annual income is estimated to be around $5 million, derived from his various roles as an economist, academic, and investor. This includes his income from speaking engagements, consulting work, and his roles at D.E. Shaw & Co. and other companies. His income also includes his salary from teaching at Harvard University, where he is currently a professor.

Frequently Asked Questions about  Lawrence Summers

1. What is Lawrence Summers’ net worth?

Lawrence Summers’ net worth is estimated to be around $40 million.

2. How old is Lawrence Summers?

Lawrence Summers was born on November 30, 1954, making him 67 years old.

3. Where was Lawrence Summers born?

Lawrence Summers was born in New Haven, Connecticut, USA.

4. What is Lawrence Summers’ occupation?

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

5. Where did Lawrence Summers study?

Lawrence Summers graduated from the Massachusetts Institute of Technology (MIT) with a Bachelor of Science degree in economics in 1975. He then went on to earn a Master’s degree in economics from Harvard University in 1976 and a Ph.D. in economics from MIT in 1982.

6. What is Lawrence Summers’ political affiliation?

Lawrence Summers is a Democrat.

7. Has Lawrence Summers written any books?

Yes, Lawrence Summers has written several books, including “The Age of Insecurity” (1992), “Understanding Unemployment” (1990), and “The Science of Economics” (2015).

8. What is Lawrence Summers’ current role?

Lawrence Summers is currently a professor at and the Charles W. Eliot University Professor at Harvard University. He is also the President Emeritus of Harvard University, having served as its 27th president from 2001 to 2006.

9. What are some of Lawrence Summers’ notable achievements?

Lawrence Summers has received numerous awards and honors, including the John Bates Clark Medal in 1993, which recognizes the most outstanding economist under the age of 40. He was also the first social scientist to receive the National Science Foundation’s Alan T. Waterman Award in 1987.

10. What is Lawrence Summers’ stance on cryptocurrency?

Lawrence Summers has expressed skepticism about cryptocurrencies, stating that they are not a reliable store of value and that they are more likely to be used for illicit activities than for legitimate transactions.