Janet Louise Yellen (born August 13, 1946) is an American economist who has been the 78th Secretary of the Treasury of the United States since January 26, 2021. She previously served as the Federal Reserve’s 15th chair from 2014 to 2018. She is the first person to hold those posts, as well as the first woman to lead the White House Council of Economic Advisers.
Yellen was born and reared in Bay Ridge, Brooklyn, and graduated from Brown University in 1967 before going on to get a Ph.D. in economics from Yale University in 1971.
She was an assistant professor at Harvard University from 1971 to 1976, then worked as a staff economist for the Federal Reserve Board from 1977 to 1978 before joining the faculty of the London School of Economics from 1978 to 1980.
How much does Janet Yellen make per year?
Yellen is paid less than at least 113 other Federal Reserve employees, according to Reuters, which got data on the Federal Reserve’s wage structure through a Freedom of Information Act request. She receives $201,700 a year, while Inspector General Mark Bialek, the Fed’s highest-paid employee, earns $312,000.
What is Janet Yellen’s net worth?
It is no longer necessary to have hundreds of millions of dollars to be one of the wealthiest members of the president’s cabinet. Just ask Treasury Secretary Janet Yellen, who is reported to be worth $20 million—an amount that would have qualified as well-off on Trump’s team but appears to be downright rich among Biden’s group.
