Robert Hormats, an American economist and diplomat, has made significant contributions to the fields of economics and international relations. With a successful career spanning several decades, Hormats has established himself as a prominent figure in both academia and government.
In this article, we will explore Robert Hormats net worth and salary in 2023, delve into his illustrious career, and provide insights into his personal life.
Quick Facts
| Biography | Details |
| Full Name | Robert Hormats |
| Gender | Male |
| Birth Date | April 13, 1943 (zodiac sign: Aries) |
| Age | 80 |
| Birth Place | Baltimore, Maryland |
| Nationality | American |
| Education | Bachelor of Arts degree from Tufts University |
| Marital Status | Married |
| Wife/Spouse | Catherine Azmoodeh |
| Net Worth | $2.19 million |
| Source of Wealth | Stock ownership, Independent Director at American Tower |
What is Robert Hormats Net Worth and Salary in 2023?
As of August 1, 2023, Robert Hormats’ estimated net worth is at least $2.19 million. His wealth primarily stems from his ownership of over 125 units of American Tower stock, valued at approximately $1,368,606.
Additionally, Hormats has sold AMT stock worth over $549,023 in the past seven years. Furthermore, he earns a substantial income of $275,161 as an Independent Director at American Tower.
Why is Robert Hormats Famous?
Robert Hormats gained fame for his extensive knowledge and experience in international economics and diplomacy. He served as the Under Secretary of State for Economic, Energy, and Agricultural Affairs during the Obama administration.
Hormats was responsible for formulating and implementing economic policies and engaging in negotiations with other countries to enhance trade and economic cooperation. His insights and expertise have been highly sought after in various forums, making him a renowned figure in the field.
Robert Hormats Overview
Early Life
Born on April 13, 1943, in Baltimore, Maryland, Robert David Hormats displayed exceptional intellect from a young age. He graduated from Baltimore City College in 1961 and went on to earn a Bachelor of Arts degree with a concentration in economics and political science from Tufts University in 1965.
Hormats further pursued his education at The Fletcher School of Law and Diplomacy, where he obtained multiple degrees, including a Ph.D. in International Economics in 1970.
Career and Awards
Robert D. Hormats is a distinguished figure in both government and business sectors, with a career spanning over five decades. Hormats has held several high-ranking positions in the U.S. government, including Under Secretary of State for Economic Growth, Energy, and the Environment.
He has also served as Vice Chairman of Goldman Sachs (International) and is currently the Vice Chairman of Kissinger Associates, Inc.
Throughout his illustrious career, Hormats has been recognized with numerous awards. In 1982, he was honored with the French Legion of Honor, one of France’s highest distinctions.
Earlier in 1974, he received the prestigious Arthur S. Flemming Award. His contributions to academia are also noteworthy, having been a visiting lecturer at Princeton University and serving on various boards at esteemed institutions such as Tufts University and Harvard University.
- Publications: Hormats is a prolific writer, authoring and co-authoring numerous books and reports. Some of his notable works include The Price of Liberty: Paying for America’s Wars from the Revolution to the War on Terror, Abraham Lincoln and the Global Economy, and Reforming the International Monetary System.
- Memberships: Hormats holds memberships in several prestigious organizations, including the Council on Foreign Relations, the Economic Club of New York, and the Atlantic Council’s Board of Directors.
In recent news, Hormats continues to be an influential voice in international economic affairs. He advocates for increased investments in American infrastructure through public-private partnerships and emphasizes the importance of enhancing intelligence capabilities and modernizing military equipment.
Furthermore, Hormats has argued for the financial interdependence of China and America, highlighting the potential consequences of destabilizing the dollar.
With his extensive experience and expertise, Robert D. Hormats remains a significant figure in global economic discourse. His insights and leadership continue to shape policy and drive progress in both the public and private sectors.
Personal Life
In his personal life, Hormats is proud of his Jewish heritage. He received the Executive Leadership Award from the Aish Center in 2009. In 2015, he married Catherine Azmoodeh, further enriching his personal journey.
Social Media Accounts
FAQs about Robert Hormats
Is Robert Hormats still working in the government?
As of the latest available information, Robert Hormats is no longer serving in a government position. However, he continues to provide insights and commentary on international economic matters as a private citizen.
Has Robert Hormats authored any books?
Yes, Robert Hormats has written several books on topics related to international relations, economics, and diplomacy. Some of his notable works include The Price of Liberty: Paying for America’s Wars, American Albatross: The History of America’s Broken Wings, and The World That Trade Created: Society, Culture, and the World Economy, 1400 to the Present.
What are Robert Hormats’ key contributions to international economics?
Robert Hormats has made significant contributions to international economics through his extensive experience in government and the private sector. He has played a vital role in shaping US economic policies, facilitating international trade negotiations, and promoting global economic cooperation.
Conclusion
Robert Hormats has left an indelible mark on the fields of economics and diplomacy. With his extensive knowledge and experience, he has contributed significantly to shaping international relations and promoting economic growth.
As a distinguished economist and diplomat, Hormats continues to inspire future generations with his dedication to public service and his commitment to fostering global cooperation. Thank you for reading
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