US Treasury Secretary Janet Yellen has been in office since 2021. She is an American economist and policymaker. In the whole history of the country, she is the first woman to ever occupy this office. Yellen’s expertise in economics is invaluable, and she has made important contributions to the development of US economic policy.
Many people are curious as to how much money she is worth after all the praise and appreciation she has received for her part in helping the country’s economy revive. This article will discuss Janet Yellen’s success, her profession, and how she has become so wealthy over the years.
Who is Janet Yellen?
U.S. Treasury Secretary Janet Louise Yellen, an economist from the United States, took office on January 26, 2021. From 2014 until 2018, she led the Federal Reserve as its 15th chair. She is the first woman to occupy either role and the first person to have held both posts and simultaneously commanded the White House Council of Economic Advisers.
Yellen, a native of Bay Ridge, Brooklyn, attended Brown University where she received her bachelor’s degree in 1967 and went on to acquire her doctorate in economics from Yale in 1971. From 1971 to 1976, she was an assistant professor at Harvard. From 1977 to 1978, she was a staff economist at the Federal Reserve Board. From 1978 to 1980, she was a professor at the London School of Economics.
Janet Yellen’s Net Worth
American economist Janet Yellen was Chair of the Federal Reserve from 2014 to 2018, after having served as Vice Chair from 2010 to 2014. According to caknowledge.com, There is an Estimated $20 million in Janet Yellen’s fortune. It was revealed in November 2020 that Janet will be Joe Biden’s Treasury Secretary.
Janet and her husband, the Nobel Prize–winning economist George Akerlof, control assets between $8 and $20 million, as revealed in a financial disclosure submitted prior to her stint as Treasury Secretary.
Read More: Les Dennis Net Worth Revealed: How Much Has He Really Made?
Net Worth Growth
She is well respected in the economics field thanks to her extensive training and skill. Yellen, Janet Her primary source of funding is the money she earned while working for the government. She has amassed a fortune of $20 million because of her time spent in influential positions.
| Year | Net Worth |
|---|---|
| 2023 | $20 Million |
| 2022 | $18 Million |
| 2021 | $16 Million |
| 2020 | $14 Million |
| 2019 | $12 Million |
| 2018 | $11 Million |
Janet Yellen Career
In 1971, Janet Yellen began her professional career as an assistant professor at Harvard University, a post she held until 1976. She taught at the University of California, Berkeley’s Haas School of Business, and was later named a professor emerita there.
She was sworn in as the 78th U.S. Secretary of the Treasury in the year 2021. In 1994, she was appointed to the Federal Reserve Board of Governors, where she remained until 1997. After her elevation in 2004, she assumed the role of president and CEO of the Federal Reserve Bank of San Francisco.
Related:
- Jesse Metcalfe Net Worth: How He Built His Fortune
- Zari Hassan Net Worth 2023: A Look into the Wealth of East Africa’s Top Entrepreneur
She has served in several executive capacities for quite some time, and throughout that time she has made significant contributions. She was named vice chair of the Federal Reserve by President Barack Obama in 2010 and remained in that post until 2014. For her work for the government, she has been recognized and honored with several accolades.
Janet Yellen’s Personal Life
Yellen married fellow economist George Akerlof in 1978 after they first met in the Federal Reserve’s cafeteria. Akerlof taught at the London School of Economics for two years when the couple was based in London; he has since taught at Georgetown University and the University of California, Berkeley. Robert Akerlof, the son of Yellen and Akerlof, is an assistant professor of economics at Warwick.
Yellen and Akerlof have worked together extensively on studies, especially those focusing on poverty and joblessness. Yellen is also a philatelist, and her stamp collection is said to be valued at anything from $15,000 to $50,000.
Conclusion
Janet Yellen is an American economist and policymaker who has made important contributions to the development of US economic policy. She is the first woman to hold both posts and simultaneously command the White House Council of Economic Advisers.
Janet Yellen and her husband, George Akerlof, control assets of $8-20 million and have worked together on poverty and joblessness studies. Yellen has been recognized and honored for her work for the government.
I hope you find out everything you need to know about “Janet Yellen’s Net Worth”. If you found this post helpful, please forward it to your friends and family. Don’t forget to share your ideas by replying to this post. Save our website so you can find more interesting posts.
Comments are closed.