Larry Kudlow is a well-known name in the world of economics, television, and politics. He has been a prominent figure in the conservative movement for decades, serving as an economic advisor to President Ronald Reagan and hosting his own show on CNBC.
With such a successful career, it’s no surprise that many are curious about Larry Kudlow’s net worth. In this article, we will take a closer look at his early life, career, and post-government endeavors to determine just how much he is worth.
Early Life of Larry Kudlow
Lawrence Alan “Larry Kudlow” was born on August 20, 1947, in New Jersey. He grew up in a middle-class family and attended private schools, including Elizabeth Morrow School and Dwight-Englewood School. After graduating from high school, Kudlow went on to study history at the University of Rochester, where he earned his degree in 1969.
Career Beginnings and Rise to Prominence
After completing his education, Kudlow started his career as a staff economist at the Federal Reserve Bank of New York. He then moved on to work for various financial firms, including Paine Webber and Bear Stearns. In 1976, he joined the Office of Management and Budget under President Gerald Ford, where he worked as an associate director for economics and planning.
Kudlow’s big break came when he was hired by Ronald Reagan’s presidential campaign in 1980 as an economic advisor. He played a crucial role in shaping Reagan’s economic policies, which became known as “Reaganomics.” After Reagan’s victory, Kudlow continued to serve as his advisor and also worked as the associate director for economics and planning at the Office of Management and Budget.
Host of CNBC’s The Kudlow Report and The Larry Kudlow Show
In 1994, Kudlow joined CNBC as a financial analyst and commentator. He quickly became a popular figure on the network, providing insights and analysis on economic and political issues. In 2001, he was given his own show, The Kudlow Report, which aired until 2014. He also hosted a radio show, The Larry Kudlow Show, on WABC Radio from 2005 to 2018.
Kudlow’s shows were known for their conservative viewpoints and his unwavering support for free-market capitalism. He often invited high-profile guests, including politicians, economists, and business leaders, to discuss current events and economic policies.
Director of the National Economic Council under President Trump
In April 2018, Kudlow stepped away from his private sector career to join the Trump administration as the Director of the National Economic Council. In this role, he advised President Trump on economic policy and played a key role in shaping the administration’s tax cuts and trade policies.
During his tenure, Kudlow faced criticism for his controversial statements and views on various issues, including climate change and the COVID-19 pandemic. However, he remained a staunch supporter of President Trump and his policies until the end of his term in 2021.
Larry Kudlow’s Net Worth and Salary
According to his September 2019 financial disclosure, Larry Kudlow’s net worth is estimated to be around $5 million. This includes his stock holdings and other liquid assets worth a minimum of $2 million. However, this disclosure does not include his personal real estate holdings, which could significantly increase his net worth.
Aside from his investments, Kudlow also earned a substantial salary during his time at CNBC and in the Trump administration. It was reported that he earned around $800,000 per year from CNBC and an additional $100-200,000 per year from paid speeches and consulting work.
Real Estate Holdings
Aside from his career in finance and politics, Larry Kudlow also has a strong interest in real estate. He owns several properties, including a condo in New York City and a vacation home in Connecticut. In 2018, he sold his primary residence in Redding, Connecticut, for $1.25 million.
Kudlow’s real estate holdings have likely contributed significantly to his overall net worth. However, the exact value of his properties is not publicly known.
Conclusion: The Wealth and Legacy of Larry Kudlow
Larry Kudlow’s net worth may not be as high as some of his fellow TV personalities or politicians, but it is still an impressive sum. His successful career in finance and media, along with his investments and real estate holdings, have made him a wealthy man.
Despite facing criticism and controversy throughout his career, Kudlow remains a respected figure in the world of economics and politics, leaving behind a lasting legacy in both fields.