Peter R. Orszag is well-known, American economist and banker. He is Vice Chairman of Investment Banking at Lazard. Currently, he writes for Bloomberg Opinion as a columnist. The economist is the Head of North America M&A. Today, let’s learn more, about the career, biography and net worth of Peter R. Orszag in 2020.
Early Life & Biography:
Peter R. Orszag was born in Boston, Massachusetts, US. His date of birth is December 16, 1968. He spent his early days in Lexington, Massachusetts. His father’s name was Steven Alan Orszag. Steven was a well-known mathematician and taught math at Yale University. His mother’s name was Reba Karp. She was President and owner of a research and development company. Peter completed his graduation from Philips Exterior Academy in 1987. He completed A.B. “summa cum laude” in economics from Princeton University in 1991 in economics. The economist further completed his M.SC (1992) and a Ph.D. (1997) in Economics from the London School of Economics. He earned Marshall Scholar for 1991-1992 and a member of Phi Beta Kappa.
Orszag married two times in his life. He first married to Cameron Rachel Hamill. He has two children from his first marriage. The couple divorced in 2009. He fathered his former girlfriend’s child in 2009. He later married to Bianna Golodryga, the co-host of ABC’s weekend. The economist has one daughter and one son from the second marriage.
Career, Awards & Nominations:
Peter R. Orszag started his career as a lecturer at the University of California, Berkeley. His area of interest was microeconomics. He directed The Hamilton Project at Brookings Institution in association with Georgetown University’s Public Policy Institute. He is the senior fellow and deputy director of Economic Studies at Brookings Institution. The banker served the post of Special Assistant to the President for Economic Policy (1997-1998).
Orszag was the Senior Economist and Senior Advisor on the Council of Economic Advisors during the Clinton Administration. He was a visiting fellow at the Council of Foreign Relations. Peter even contributed to the New York Times, Op-Ed Page. After leaving the Obama Administration, he served as the Chairman of the Financial Strategy and Solutions Group at Citigroup. He is a member of the National Academy of Medicine. He even served as Board of Directors for many institutes and organization.
Net Worth & Earnings:
How much wealth will a banker have who has held so many responsible positions? Over the course of his career, he has established himself as one of the leading economists in the world. In doing so, he has been successful enough to make a net worth of over $20 million. Orszag earned $3.1 million in 2013 from Citigroup and his total compensation” for 2014 was around $5 million. The economist gets much of his income from liquid assets. He also earns by contributing to Bloomberg Opinion. Currently, he serves as Global Co-Head of Healthcare at Lazard.
Orszag was the director of the Office of Management and Budget from January 9, 2009, to July 30, 2010. He is a distinguished American banker and economist. He has even served as the Director of the Congressional Budget Office.