Net Worth Ranker
What Is Larry Kudlow’s Net Worth?
Larry Kudlow, a prominent American conservative economist, television personality, and newspaper columnist, has accumulated a net worth of approximately $5 million. This valuation reflects his decades-long career in finance, media, and public service.
Details of Larry Kudlow’s Financial Profile
Larry Kudlow’s financial disclosure from September 2019 offers insights into his asset holdings. The disclosure revealed that his stock holdings and other liquid assets amounted to a minimum of $2 million. It’s important to note that this figure excludes substantial assets such as personal real estate, which significantly contribute to his overall net worth. Furthermore, his income streams at that time were primarily from CNBC, where he earned around $800,000 per year. Additionally, he generated between $100,000 and $200,000 annually from paid speaking engagements and consulting work. Kudlow’s transition to the public sector in April 2018, when he became Director of the National Economic Council under President Donald Trump, marked a shift in his income sources. He served in this role until 2021.
Before entering public service, Larry Kudlow was a well-known figure in financial media. He hosted “The Kudlow Report” on CNBC, a show that ran until 2014, providing economic commentary and analysis. He also hosted “The Larry Kudlow Show” on WABC Radio, further solidifying his presence in the media landscape. These roles significantly contributed to his financial standing over the years.
Early Life and Career Beginnings
Lawrence Alan “Larry” Kudlow was born on August 20, 1947, in New Jersey. His early education took place at the private schools Elizabeth Morrow School and Dwight-Englewood School, indicating a privileged upbringing. In 1969, Kudlow graduated from the University of Rochester with a degree in history. After graduation, he started his career as a staff economist at the Federal Reserve Bank of New York. In 1970, he worked on Joseph Duffey’s US Senate Campaign, alongside notable figures such as Bill Clinton, John Podesta, and Michael Medved. A year later, he attended the Woodrow Wilson School of Public and International Affairs at Princeton University, where he focused on politics and economics. Although the specific details of his financial compensation during these early roles are not publicly available, these experiences provided a foundation for his future career.
Kudlow’s career trajectory included a move into the political sphere in 1970, when he joined the administration of President Richard Nixon as a junior economist. The specifics of his responsibilities and compensation during this period are not detailed in the provided information. However, this role marked a significant step in his career, leading to future opportunities in both finance and media.
Career in Finance and Media
In 1987, Larry Kudlow became Bear Stearns’ chief economist and senior managing director. The specific details of his compensation package at Bear Stearns are not publicly available, but such a position would typically command a substantial salary and bonus structure. His tenure at Bear Stearns ended in 1994. Following his departure from Bear Stearns, Larry Kudlow served as the economic counsel to A.B. Laffer & Associates. He also became a member of the board of directors of Empower America and the consulting chief economist for American Skandia Life Assurance, Inc., a subsidiary of Prudential Financial. As a nationally syndicated columnist and editor, he contributed to numerous US magazines, including the National Review, further adding to his income streams.
From 2001 to 2018, Larry Kudlow hosted or contributed to various CNBC shows. From 2002 to 2005, he co-hosted “Kudlow & Cramer” alongside Jim Cramer. When Cramer left in 2005 to host “Mad Money,” their former show was renamed “The Kudlow Report” and ran until 2014. His salary while working at CNBC was $800 thousand per year, supplemented by $100,000 to $200,000 per year from paid speeches and consulting work. During this period, Kudlow built a strong media presence and enhanced his reputation as a leading economic commentator.
Director of the National Economic Council and Post-Government Career
In March 2018, President Donald Trump appointed Kudlow as the Director of the National Economic Council. In this role, Kudlow coordinated the administration’s economic policy and provided economic advice to the president. His salary as Director of the National Economic Council was $185,000 per year. He served in this role until the end of the Trump administration in January 2021. The transition from a high-paying media career to a public service role involved a significant salary reduction, but it also provided Kudlow with a platform to influence national economic policy.
After leaving the White House, Kudlow returned to broadcasting, hosting “Kudlow” on Fox Business Network. Specific details of his current salary and contract terms with Fox Business Network are not publicly available, but his return to media allows him to leverage his expertise and experience to continue generating income and influence economic discourse. He continues to share his economic insights and comment on current economic and political issues through this platform.
Real Estate Assets
In 1987, Larry Kudlow invested in real estate, purchasing a 3.4-acre property in Redding, Connecticut, for $606,000. The property features a 6,000-square-foot home. Today, the property is estimated to be worth around $2 million. While the exact address is not publicly available, this real estate asset represents a significant component of his overall net worth. This investment reflects a long-term financial strategy of diversifying his assets and securing his financial future.
Published Works
Larry Kudlow is also an author, having penned the books “American Abundance: The New Economic & Moral Prosperity,” and “Tide: Why Tax Cuts Are the Key to Prosperity and Freedom.” While the specific royalties and sales figures for these books are not available, these publications contribute to his overall income and enhance his reputation as an economic thought leader. These books serve as a platform to disseminate his economic philosophies and further establish his expertise in the field.
