Janet Louise Yellen is an economist from the United States. She is the first person to hold both jobs and the first woman to hold either job. She was also the first person to lead the White House Council of Economic Advisers.
Throughout her career, she has worked in a variety of industries and held positions of prominence in a number of organizations, making her one of the most well-known persons in the United States. Beginning in the year 2021, she has held the position of 78th Secretary of the Treasury for the United States of America. In the years 2014, she was chosen for the position of 15th chair of the Federal Reserve, and she remained in this role until the years 2018.
Early Life, Career, and Awards
Janet Yellen was born in Brooklyn, New York City, on August 13, 1946. Her mother, Anna, was a first-grade teacher, and her father, Julius, was a doctor. She comes from Polish Jews and has a brother named John who is older than her.
Yellen went to Fort Hamilton High School and was the top student in her class. After that, she went to Brown University’s Pembroke College, where she earned a BA in economics in 1967. In 1971, Yellen got an MA and a Ph.D. in economics from Yale University.
Janet Yellen began her career in 1971 as an assistant professor at Harvard University. She stayed in this position until 1976. She was also a professor emeritus at the University of California, Berkeley, and the Haas School of Business.
In the year 2021, she became the 78th secretary of the treasury for the United States. She joined the Federal Reserve Board of Governors in 1994 and stayed on that board until 1997. In 2004, she became the president and CEO of the Federal Reserve Bank of San Francisco, which was a big step up.
She has been in high-level jobs for a long time and has done good work while in those jobs. She worked for the government of President Barack Obama. In 2010, he put her in charge of the Federal Reserve’s vice chair position, which she held until 2014. She has won a lot of awards and has been given a lot of praise for her work for the government.
In 2010, the National Association for Business Economics gave her the Adam Smith Award. She has won the Elizabeth Blackwell Award, the Wilbur Cross Medal, the Foundation Medal, and the President’s Medal, among other honors. She was a part of big groups like the National Association for Business Economics and the National Bureau of Economic Research.
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Janet Yellen’s Net Worth
Janet Yellen is an economist from the United States. From 2014 to 2018, she was Chair of the Federal Reserve System. Before that, she was Vice Chair. Janet Yellen is worth $20 million. In November 2020, Joe Biden said that Janet would be his administration’s Treasury Secretary.
| Name | Janet Yellen |
| Net Worth (2023) | $20 Million |
| Profession | United States Secretary of the Treasury |
| Monthly Income And Salary | $1,50,000+ |
| Yearly Income And Salary | $2 Million + |
| Last Updated | 2023 |
A financial report made public before Janet became Treasury Secretary said that she and her husband, Nobel Prize-winning economist George Akerlof, have assets worth between $8 million and $20 million.
She was the 15th chair of the Federal Reserve from 2014 to 2018. Yellen was on the Federal Reserve Board of Governors and led the Council of Economic Advisers from 1997 to 1999 while President Clinton was in office.
Source of Income
In the field of economics, she has excelled thanks to her extensive training and skill set. Financial market regulator Janet Yellen Her main source of funding comes from the pay she earned while working for the government. By holding various executive jobs, she has amassed a fortune of $20 million.
In November 2020, President-elect Biden said that Yellen would be his choice for secretary of the treasury. In January 2021, the Senate Finance Committee voted unanimously in favor of her nomination. In doing so, she became the first woman to hold the job and the first person in U.S. history to be in charge of the Treasury, the Federal Reserve, and the Council of Economic Advisers.
A Federal filing from December 2020 says that Janet made $7 million from about 50 speaking engagements between 2018 and 2020. In the same filing, Janet said she wanted to sell her stock in about a dozen big companies, such as Pfizer, Conoco Phillips, and AT&T.
Yellen’s economic philosophy is mostly about unemployment and favors lower interest rates from the Federal Reserve. Yellen has also said that she wants to raise taxes, cut spending on retirement, and get rid of the debt ceiling. She said that this was necessary to keep the government from going bankrupt in late 2021. She has also been in favor of making financial rules more strict.
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Personal Life
Yellen met her future husband, economist George Akerlof, in the Federal Reserve cafeteria in 1978, and they married the following year. Akerlof taught at the London School of Economics for two years while the couple was based in London; he has since taught at Georgetown University and the University of California, Berkeley. Robert Yellen Akerlof is an associate professor of economics at the University of Warwick and the son of Yellen and Akerlof.
Yellen and Akerlof have worked closely together on numerous research projects, especially those focusing on issues of economic inequality. Yellen is also a philatelist, with a collection of stamps that has been valued at $15,000 to $50,000.
Conclusion
Janet Yellen has amassed a net worth of $20 million thanks to her successful career in economics and public service. She was the first female Secretary of the Treasury and the Chair of the Federal Reserve during her impressive career. She also made numerous other important contributions to economics.
Her wealth is a reflection of her perseverance, professionalism, and mastery of her craft. It’s also important to remember that this is just an estimate and that the actual number may end up being different. But despite this, Janet Yellen is still a major player in the economics and finance fields and is held in the highest regard by professionals in these fields.
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