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American economist Ben Bernanke is the current Chairman of the Federal Reserve of the central bank of the United States and he has an estimated net worth of $2 million with an annual salary of $180 thousand. According to Forbes, he is ranked sixth in the list of Most Powerful People in the World in 2012 while he was eighth in 2011.
In 2009, Bernanke’s personal assets were up by as much as 31% as the U.S. stocks have rebounded. His assets, along with his family’s, are currently valued at $2 million. His two largest assets include his retirement accounts listed as TIAA Traditional and CREF Stock Large Cap Blend. These are valued between $852 thousand and $1.9 million.
Ben Shalom Bernanke was born on December 13, 1953 in Augusta, Georgia and grew up in Dillon, South Carolina. His mother, Edna, was an elementary school teacher while his father, Philip, was a pharmacist and part time theater manager. He is the eldest of the three children. His brother, Seth, is a lawyer in Charlotte, North Carolina while her sister, Sharon, is a longtime administrator at Berklee College of Music in Boston.
Mr. Bernanke was once a professor at Princeton University. He was also a chairman of the Department of Economics at the university between 1996 and 2002. From 2002 to 2005, he was a member of the board of Governors of the Federal Reserve System and he has instituted the Bernanke Doctrine. He was also a spokesman at the Great Moderation where he postulated that we are in a new era where modern macroeconomic policy has decreased the volatility of the business cycle.
Earnings & Financial Data
|
Date |
Category |
Description |
Amount |
|---|---|---|---|
|
2012 |
Salary |
Annual Salary |
$180,000 |
|
2010 |
Asset |
Estimated value of the financial assets he and his family owns which could be up to $2.31 million |
$1,060,000 |
|
2010 |
Asset |
Estimated value of his two retirement accounts, listed as TIAA Traditional and CREF Stock Large Cap Blend, which could be up to $1 million |
$500,000 |
|
2009 |
Asset |
Estimated value of the financial assets he and his family owns which could be up to $2.48 million |
$1,150,000 |
|
2009 |
Asset |
Estimated value of his two retirement accounts, listed as TIAA Traditional and CREF Stock Large Cap Blend, which could be up to $1 million |
$500,000 |
|
2009 |
Royalties |
Estimated earnings from two of his books which could be up to $1.1 million |
$150,000 |
|
2009 |
Salary |
Annual salary as chairman of the US Federal Reserve |
$199,700 |
|
2008 |
Royalties |
Estimated earnings from his textbooks |
$200,000 |
|
2007 |
Asset |
Estimated value of one of his annuities, CREF Stock Large Cap Blend, which could be up to $500,000 |
$250,000 |
|
2007 |
Royalties |
Estimated earnings from two of his books which could be up to $1.1 million |
$150,000 |
|
2007 |
Asset |
Estimated earnings from his investments which could be up to $80,000 |
$25,000 |
|
2007 |
Asset |
Estimated value of his money market account which could be up to $100,000 |
$50,000 |
|
2006 |
Asset |
Estimated value of one of his annuities, CREF Stock Large Cap Blend, which could be up to $1 million |
$500,000 |
|
2006 |
Royalties |
Estimated earnings from two of his books which could be up to $100,000 |
$50,000 |
|
2006 |
Asset |
Estimated earnings from his investments which could be up to $333,100 |
$141,500 |