Timothy Geithner is an American economist, banker, and former government official. He is best known for serving as the 75th United States Secretary of the Treasury under President Barack Obama from 2009 to 2013. Throughout his career, Geithner has accumulated significant wealth, contributing to his impressive net worth.
This article will delve into Timothy Geithner net worth in 2023, his career achievements, personal life, and frequently asked questions about him.
Quick Facts
| Full Name | Timothy Franz Geithner |
| Popular Name | Timothy Geithner |
| Gender | Male |
| Birth Date | August 18, 1961 |
| Age | 61 years |
| Birth Place | Brooklyn, New York |
| Nationality | American |
| Education | Dartmouth College (B.A. in Government and Asian Studies), Johns Hopkins School of Advanced International Studies (M.A. in International Economics and East Asian Studies) |
| Marital Status | Married |
| Sexual Orientation | N/A |
| Wife/Spouse | Carole Sonnenfeld Geithner |
| Children | Elise Geithner, Benjamin Geithner |
| Dating | N/A |
| Net Worth | $12 million |
| Source of Wealth | Politician, Economist, Banker |
What is Timothy Geithner Net Worth and Salary in 2023?
As of 2023, Timothy Geithner has an estimated net worth of $12 million. His net worth primarily stems from his successful career in banking, economics, and government service.
Throughout his tenure as the United States Secretary of the Treasury and his previous role as the President of the Federal Reserve Bank of New York, Geithner earned a considerable salary, contributing to his overall wealth.
Why is Timothy Geithner Famous?
Timothy Geithner’s net worth is famous due to his noteworthy achievements and high-profile positions in the American government and financial sector.
As the United States Secretary of the Treasury, Geithner played a crucial role in developing and implementing economic policies during the aftermath of the 2008 financial crisis. His extensive experience and expertise in the financial industry have contributed to his reputation and financial success.
Timothy Geithner Biography Overview
Early Life
Timothy Geithner was born on August 18, 1961, in Brooklyn, New York. He is the son of Peter F. Geithner, who previously worked for the Ford Foundation, and Deborah Moore Geithner. Geithner has one sister. His family has always had a strong interest in international affairs and economics, influencing his career path.
Education
Geithner attended Dartmouth College, where he earned his bachelor’s degree in government and Asian studies. He later pursued further education at Cornell University, obtaining a master’s degree in international economics and East Asian studies.
Career and Awards
Timothy Franz Geithner has had a distinguished career in public service and finance. He began his career at Kissinger Associates in Washington, D.C., from 1985 to 1988 before joining the International Affairs division of the U.S. Treasury Department.
During his tenure at the Treasury Department, he held several key positions and helped manage financial crises in countries like Brazil, Mexico, Indonesia, South Korea, and Thailand.
In 2001, he left the Treasury to join the Council on Foreign Relations as a Senior Fellow in the International Economics department. He also served as the director of the Policy Development and Review Department at the International Monetary Fund from 2001 to 2003.
In October 2003, Geithner was named president of the Federal Reserve Bank of New York. As president of the New York Fed, he served as Vice Chairman of the Federal Open Market Committee.
In 2006, he became a member of the Washington-based financial advisory body, the Group of Thirty.
As President of the New York Fed and Secretary of the Treasury, Geithner played a key role in government efforts to recover from the financial crisis of 2007–08 and the Great Recession.
He managed crises involving Bear Stearns, Lehman Brothers, and the American International Group; as Treasury Secretary, he oversaw allocation of $350 billion under the Troubled Asset Relief Program.
Geithner served as the 75th United States Secretary of the Treasury under President Barack Obama from 2009 to 2013.
After leaving the Obama administration on January 25, 2013, he joined the Council on Foreign Relations as a Distinguished Fellow.
In March 2014, he became the president and managing director of Warburg Pincus, a private equity firm.
Currently, he serves as the Chair of the Program on Financial Stability at the Yale University School of Management, where he is also a visiting lecturer. He is Co-Chair of the Board of Directors of the International Rescue Committee, the Co-Chair of the Aspen Economic Strategy Group, and is a member of the Group of Thirty.
Personal Life
Timothy Geithner is married to Carole Sonnenfeld Geithner, and they have two sons together. He prefers to maintain a private personal life and does not often disclose details about his personal relationships.
Social Media Accounts
Timothy Geithner is not active on social media platforms such as Instagram, Twitter, YouTube, LinkedIn, or Pinterest. He chooses to keep a low profile in the digital realm.
FAQs about Timothy Geithner
What is Timothy Geithner’s current occupation?
Timothy Geithner currently serves as the Chair of the Program on Financial Stability at Yale University’s School of Management. He is also a visiting lecturer and holds various leadership positions, including Co-Chair of the Board of Directors of the International Rescue Committee and Co-Chair of the Aspen Economic Strategy Group.
Did Timothy Geithner work for Goldman Sachs?
No, Timothy Geithner has never worked for Goldman Sachs. He has been subject to accusations and criticisms regarding his alleged ties to Wall Street, but he has consistently denied any affiliation with the bank.
Who was the Secretary of the Treasury during the financial crisis?
Henry Paulson served as the U.S. Treasury Secretary during the 2008 financial crisis. However, Timothy Geithner played a significant role in responding to the crisis as the President of the Federal Reserve Bank of New York.
Conclusion
In conclusion, Timothy Geithner’s contributions to the field of finance and economics have left an indelible mark on the global financial landscape. From his tenure as Secretary of the Treasury to his current roles at Yale University and various organizations, Geithner continues to shape economic policy and inspire future leaders in the field.
Timothy Geithner’s dedication to public service and his expertise in navigating economic crises make him a prominent figure in the world of finance. Thank you for reading.
Read more: Charlie Gasparino net worth
