Lawrence Alan Kudlow (born August 20, 1947) is an American Republican television personality and Fox Network financial program host who served as the Director of the National Economic Council from 2018 to 2021 under the Trump Administration. He took over that position after previously working as a financial news host for CNBC. In the 1980s, he carried the company title of “economist,” despite having no professional economics education.
Kudlow began his career at the New York Federal Reserve as a junior financial analyst. He immediately left the government to work as a financial analyst for Paine Webber and Bear Stearns on Wall Street.
Lawrence Alan “Larry” Kudlow was born in New Jersey on August 20, 1947. Kudlow attended the Elizabeth Morrow School and Dwight-Englewood School, both private schools. He graduated from the University of Rochester with a history degree in 1969. He then went on to work for the Federal Reserve Bank of New York as a staff economist.
With Bill Clinton, John Podesta, and Michael Medved, he was already working on Joseph Duffey’s US Senate campaign in 1970. He was accepted into Princeton University’s Woodrow Wilson School of Public and International Affairs a year later, where he studied politics and economics.
Larry Kudlow was named chief economist and senior managing director at Bear Stearns in 1987. He was fired in 1994 owing to his cocaine addiction. Because of his addiction, he supposedly missed a key client presentation.
Larry was the economic adviser to A.B. Laffer & Associates, a member of the Empower America board of directors, and the consulting chief economist for American Skandia Life Assurance, Inc., a Prudential Financial affiliate. He has written to various US journals, including the National Review, as a nationally syndicated journalist and editor.
Larry Kudlow’s Net Worth
Larry Kudlow has a net worth of $10 million and is an American conservative economist, television personality, and newspaper columnist. Larry’s stock holdings and other liquid assets were worth a minimum of $2 million, according to his September 2019 financial declaration.
Liquid assets, such as personal real estate, are not included in this declaration. It was revealed that he made roughly $800,000 per year from CNBC and another $100-200,000 per year from paid speeches and consulting.
For many years, he was best known as the anchor of CNBC’s The Kudlow Report and WABC Radio’s The Larry Kudlow Show, respectively. Larry left the private sector in April 2018 to join Donald Trump’s National Economic Council as the Director.
The Career of Larry Kudlow
Larry began his employment at the New York Federal Reserve as a junior financial analyst. After that, in 1981, he began working for Ronald Reagan’s government as a political advisor. He even worked for the Office of Management and Budget as a director before joining Bear Stearns as the Chief Economist for seven years.
Unfortunately, he was sacked from his position in 1994 due to his cocaine addiction. Later, he worked as a board member for the Empower America organization at CNBC. In 2018, he was also observed working for American Skandia Life Assurance and the Independent Institute, as well as with Donald Trump. He is currently employed by the National Economic Council as a director.
Kudlow has been married three times: the first time was in 1974 when he married Nancy Ellen Gerstein, a fiction editor at The New Yorker magazine, for a year. Susan (Cullman) Sicher, whose grandpa was businessman Joseph Cullman and whose great-grandfather was businessman Lyman G.
Bloomingdale married him in 1981. U.S. District Judge John Sirica officiated the wedding in Washington. He married Judith “Judy” Pond, a Montana native and painter, in 1986.
Kudlow quit Bear Stearns in the mid-1990s and attended a 12-step program to deal with his cocaine and alcohol problems. Under the leadership of Father C. John McCloskey III later converted to Catholicism.
Kudlow is a member of the Ave Maria Mutual Funds’ Catholic Advisory Board. He serves on the Fordham University Board of Trustees and is a member of the Kemp Institute’s advisory group at Pepperdine University’s School of Public Policy.
Kudlow had a “very mild” heart attack on June 11, 2018, according to the White House. Kudlow was admitted to the Walter Reed Army Medical Center in Washington, DC, and White House Press Secretary Sarah Sanders said he was “doing well” and expected a “full and quick recovery.”
The event occurred on the same day that President Trump was scheduled to meet with North Korean leader Kim Jong-un in Singapore for the United States-North Korea summit. Kudlow was released from the hospital on June 13th.
Bear Stearns hired Kudlow as its chief economist and senior managing director in 1987. A. B. Laffer & Associates, a San Diego, California-based firm founded by Arthur Laffer, a major supply-side economist and proponent of the “Laffer Curve,” an economic assessment of the link between tax levels and government revenue, hired Kudlow as an economic adviser. Due to his cocaine addiction, Kudlow was sacked from Bear Stearns in the mid-1990s.