Peter R. Orszag is a renowned American economist and banker who has made significant contributions to the financial industry. With an impressive net worth and a successful career, he has become a prominent figure in the field.
This article will delve into Peter R. Orszag Net Worth, career achievements, personal life, and provide answers to frequently asked questions about him
Quick Facts
| Basic Information | Details |
| Full Name | Peter R. Orszag |
| Popular Name | Peter R. Orszag |
| Gender | Male |
| Birth Date | December 16, 1968 |
| Age | 54 |
| Parents | Steven Orszag, Reba Orszag |
| Birth Place | Boston, Massachusetts |
| Nationality | American |
| Ethnicity | Jewish |
| Education | A.B. summa cum laude in economics from Princeton University |
| Marital Status | Married |
| Wife/Spouse | Bianna Golodryga |
| Children | 5 |
| Dating | N/A |
| Net Worth | $8.6 million |
| Source of Wealth | Successful trades, CEO of Lazard |
What is Peter R. Orszag Net Worth and Salary in 2023?
As of 2023, Peter R. Orszag’s estimated net worth is $8.6 million dollars. His wealth can be attributed to his successful trades in the share market, liquid assets, and his position as CEO of Lazard, a leading financial advisory firm. Additionally, his annual salary ranges from $15 million to $18 million, further contributing to his impressive net worth.
Why is Peter R. Orszag Famous?
Peter R. Orszag is famous for his expertise in economics and his contributions to public policy. His work in the government, particularly as the director of the Office of Management and Budget, has earned him recognition and respect in the field. He has also been a sought-after advisor and commentator on economic issues, regularly appearing on television and in other media outlets.
Peter R. Orszag Biography Overview
Early Life
Peter R. Orszag was born on December 16, 1968, in Boston, Massachusetts. He grew up in Lexington, Massachusetts, in a family of Jewish immigrants from Hungary.
His father, Steven Orszag, was a math professor at Yale University, while his mother, Reba Orszag, served as the president and owner of a research and development company. Peter’s academic journey began at Phillips Exeter Academy, where he graduated with high honors in 1987.
Career and Awards
Peter R. Orszag is a renowned American economist who has made significant contributions in the field of financial advisory and asset management. He has been serving as the CEO of Financial Advisory at Lazard Freres & Co LLC since 2019, where he leads the firm’s advisory businesses that cater to companies and governments worldwide.
Orszag’s career at Lazard has been marked by several key roles. Prior to his current position, he was the firm’s Head of North American Mergers & Acquisitions and Global Co-Head of Healthcare. In a significant development in 2023, Orszag was elected by the Board of Directors to serve as the CEO of Lazard and as a Board Director, effective from October 1, 2023.
Before joining Lazard, Orszag had an illustrious career at Citigroup, where he served as a Vice Chairman of Corporate and Investment Banking and Chairman of the Financial Strategy and Solutions Group. He joined Citigroup in 2011 after serving as a Distinguished Visiting Fellow at the Council on Foreign Relations.
Orszag’s academic credentials are equally impressive. He graduated with high honors from Phillips Exeter Academy in 1987 and earned an A.B. summa cum laude in economics from Princeton University in 1991.
He then received an M.Sc. (1992) and a Ph.D. (1997) in economics from the London School of Economics. He was a Marshall Scholar from 1991–1992 and is a member of Phi Beta Kappa.
In addition to his professional achievements, Orszag has also been recognized for his contributions to the field of economics. He is a member of the National Academy of Medicine of the National Academies of Sciences and serves on the Boards of Directors of the Peterson Institute for International Economics, the Mount Sinai Hospital, and New Visions for Public Schools in New York.
In recent news, Lazard Ltd announced that Peter R. Orszag will assume the role of chief executive officer starting October 1st, 2023. This marks a significant milestone in Orszag’s career and is expected to bring new perspectives and strategies to the firm’s operations.
Personal Life
Peter R. Orszag has been married twice. His first marriage was to Cameron Rachel Hamill, with whom he had two children before their divorce in 2006. He also has a child from a previous relationship with Claire Milonas. In 2010, he married Bianna Golodryga, who co-hosted ABC’s GMA Weekend at the time. The couple has two children together.
Social Media Accounts
FAQs about Peter R. Orszag
What is Peter R. Orszag’s current occupation?
While Peter R. Orszag has transitioned away from his government roles, he remains involved in the field of economics. He currently works as a managing director and Vice Chairman of Investment Banking at Lazard.
What are Peter R. Orszag’s notable career achievements?
Peter R. Orszag has held prestigious positions such as CEO of Financial Advisory at Lazard and Director of the Office of Management and Budget under President Barack Obama and had also served as the Director of the Congressional Budget Office.
What educational background does Peter R. Orszag have?
Orszag earned his Bachelor of Arts in Economics from Princeton University and went on to earn a Ph.D. in Economics from the London School of Economics.
What is Peter R. Orszag’s role at Citigroup?
After leaving government service, Orszag joined Citigroup as Vice Chairman of Investment Banking and Global Co-Head of Healthcare. In this role, he worked on advising clients on various financial and economic matters.
Conclusion
Peter R. Orszag’s impressive net worth is a testament to his successful career as an economist and government official. From his early days in academia to his influential roles in shaping economic policies, Orszag has made a significant impact in his field. With his expertise and continued involvement in economics, he is sure to maintain his prominence in the years to come. Thank you for reading.
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