Robert Reich is an American administrator, author, commentator and professor. A prolific writer on politics, economics and public policy he is regarded as a think tank for the democrats. He served in the administration of President Gerald Ford, Jimmy Carter and Bill Clinton, most prominent being as Secretary of labour in Bill Clinton administration. He has published eighteen books and produced documentaries widely acclaimed. Let’s find out more about how much is Robert Reich’s net worth in 2019.
Robert Reich was born on June 24, 1946 in Scranton Pennsylvania. His diminished height is due to a childhood effect of Fairbanks disease. He attended John Jay High School in Cross River, New York. He attended Dartmouth College for his graduation and won Rhodes scholarship to study philosophy, politics and economics at Oxford University. Bill Clinton and Hillary Clinton were his classmates at Oxford.
Robert Reich worked as a law clerk to Chief Judge of US Courts of Appeals from the year 1973 to 1976. Later he was assistant to US Solicitor General. In 1977 President Jimmy Carter appointed him director of policy planning staff at Federal Trade Commission.
From 1980 to 1992 he taught at John. F. Kennedy School of Government at Harvard University where he wrote his famous works like ‘The Next American Frontier’ and ‘The Works of Nations’. In 1992 Robert Reich joined Clinton administration as Secretary of labour, the landmark in his career during which he implemented many of his welfare ideas.
He took some time off to be with his family in 1996 before he joined Brandeis University as a professor. In 2002 he ran for Governor of Massachusetts, which he lost after a close fight. In 2016 he endorsed Bernie Sanders for president of US. In February 2018 his book ‘The common good’ was published in which he supported equal political rights and opportunity for all.
Awards and achievement
Robert Reich’s two big achievements of his career were working as Secretary of Labour in Clinton’s administration and working as professor of Public Policy at UC Berkeley’s Richard and Rhodes Goldman School of Public Policy. He has served in three national administrations and also served on President Obama’s transition advisory Board.
Time magazine named him one of the ten most effective cabinet secretaries of twentieth century.
In 2003 he was awarded prestigious Vaclav Havel vision foundation prize by former Czech President for his pioneering work in economic and social thought.
In June 2009 he was awarded Galbraith-Schlesinger Award for lifetime achievement by Americans for democratic action.
His documentary film ‘Inequality for all’ won a special jury Award for achievement in filmmaking at Sundance Film Festival, Utah in 2013.
Net Worth of Robert Reich
Robert Reich net worth is estimated $4.5 million.
Robert Reich’s Job as professor of Public Policy at University of California-Berkeley gets him a salary 2,42,613 dollars. He gets about 2500 dollars per hour for his lectures. He is also a popular speaker in national circuit and gets a speaking fee of 40,000 dollars for an hour of talk including question and answers time. He is also paid handsomely for corporate events.
His tenure as Secretary of labour and in administration earned him a good amount of salary and perks that goes with such positions. All the above contributes to his net worth.
Robert Reich is an academic and political commentator of a high order. The respect he commands and the recognition that he received as an administrator, author, professor and a commentator is unequalled. He commands high remuneration for his talks and lectures and it is claimed that his remunerations as an academic is far ahead of any CEO of a corporate.
His fourteen books and documentaries are all recognised for their academic excellence and ideas of a high order. His thought and ideas on public policy are widely incorporated by national administrations.
He is a think-tank of a high order with liberal and democratic leanings.