Alan Greenspan, a well-learned man who is a businessman, politician, Consultant, scientist as well as economist distinguishes. His work as the Chairman of the Federal Reserve of the United States of America has garnered him the popularity and respect he is attributed with nowadays. His consulting company, Greenspan Associates LLC is his primary source of income these days. Keep reading to know more about Alan Greenspan’s net worth in 2018.
Alan Greenspan Early Life
Alan Greenspan, who is 91 years old as of today, was born in New York City. In terms of education, Alan has quite a few degrees stacked up to his accord. After finishing high school, he went on to pursue a bachelor’s degree in Economics from New York University.
In the year 1948, he graduated Summa Cum Laude. Later in 1950, he attained a masters degree in Economics from NYU itself. After completing his master’s degree, Alan attended Columbia University in pursuance of advanced economic studies, but eventually changed his mind and dropped out before completion of the course.
His educational qualifications also feature a PhD in economics from New York University that he attained in the year 1977.
Alan Greenspan Career
During the years he pursued an education at the New York University, Alan Greenspan worked for the firm, ‘Brown Brother Harriman’, as an employee in the equity research department.
However, later in the year 1955, Alan went on to act as the leader of a consulting firm called ‘Townsend-Greenspan & Co’. He continued to work at that position until the year 1987.
The year 1987 marked itself as the one in which Alan Greenspan attained the position of chairman of the Federal Reserve Board. His appointment was made official by the President at that time, Ronald Reagan.
He continued to act as the chairman of the Federal Reserve Board until the year 2006. The monetary policy of the United States by hugely shaped by him during his tenure at the federal office. His work continued to go on with Republican as well as Democratic leadership runs.
Going into specifics, Alan held the office during the presidential tenures of George W. Bush, Bill Clinton, George H. W. Bush, and Ronald Reagan.
His service as the chairman of the Federal Reserve Board was one that earned him respect all across the nation owing to his superior knowledge when it came to shaping economic policies and political integrity. However, some decisions that he took during his tenure has been subject to intense criticism.
Before stepping in as the chairman of the Federal Reserve Board, Alan Greenspan also served as the chairman of the President’s Council of Economic Advisers. The employment as mentioned above happened during the time when Gerald Ford was the President of the Nation.
Furthermore, Alan Greenspan also acted as the chairman of the bipartisan National Commission on Social Security Reform during the time Ronald Reagan was President of the United States of America.
After severing his ties from federal offices, Alan went on to found a consulting firm of his own. Greenspan Associates LLC has been his primary source of livelihood ever since.
Awards & achievements
In the year 2005, Alan Greenspan was awarded the ‘Presidential Medal of Honour’ by George W. Bush. His public services were also acknowledged in the form of the Department of Defense medal he received.
In the year 2000, the French government honoured Alan Greenspan with the title of ‘Commander of the Legion of Honour’.
In the year 2002, he was named ‘Knight Commander of the Order of the British Empire’.
He also won the Francis Boyer award in the year 1996.
Furthermore, the Federal Reserve Biography states that he has received some honorary degrees from some the most distinguished educational institutions known to mankind.
Net Worth of Alan Greenspan
Mostly owing to his career as an economist, Alan Greenspan has made an enormous amount of money. His skills as a business and his own consulting firm also attribute to his net worth, which is estimated to be $20 million.
He is 91 years old as of now and has left quite an impression on the world with his work. His work as a politician and the salary coming from the federal office he has served have also contributed to his wealth.
Alan Greenspan is a man who has aided the United States of America is taking economically sound decisions and shaping monetary policies for the better part of his life.
Even after leaving the federal office, he kept on travelling on the road to success and worked his way to the top as a businessman with his own consulting firm.
Alan Greenspan is the kind of man that many people dream to be!