Lawrence Alan Kudlow (born August 20, 1947) is an American Republican television personality and host of Fox Network’s financial program who served as Director of the National Economic Council from 2018 to 2021 during the Trump administration. He returned to the role after previously working as a financial news anchor for CNBC. In the 1980s, he carried the title of “Economist” of the company, although he had no professional training in economics.
Kudlow began his career at the Federal Reserve Bank of New York as a junior financial analyst. He immediately left government to work as a financial analyst for Paine Webber and Bear Stearns on Wall Street.
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Lawrence Alan “Larry” Kudlow was born in New Jersey on August 20, 1947. Kudlow attended Elizabeth Morrow School and Dwight-Englewood School, both private schools. He graduated from the University of Rochester with a degree in history in 1969. He then worked for the Federal Reserve Bank of New York as an economist.
Along 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 the Woodrow Wilson School of Public and International Affairs at Princeton University a year later, where he studied politics and economics.
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Larry Kudlow was appointed Chief Economist and Senior Managing Director of Bear Stearns in 1987. He was fired in 1994 due to his cocaine addiction. Due to his addiction, he reportedly missed a key client presentation.
Larry was the economic advisor to AB Laffer & Associates, a board member of Empower America, and the consulting chief economist for American Skandia Life Assurance, Inc., a subsidiary of Prudential Financial. He has written for various American journals, including the National Review, as a nationally syndicated reporter 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 and other cash were worth at least $2 million, according to his September 2019 financial statement.
Cash, such as personal real estate, is not included in this statement. It was revealed that he makes around $800,000 a year from CNBC and an additional $100-200,000 a year from paid speaking and consulting.
For many years, he was best known as the host 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 a director.
The career of Larry Kudlow
Larry began his employment at the Federal Reserve of New York as a junior financial analyst. After that, in 1981, he started working for Ronald Reagan’s government as a political adviser. He even worked for the Office of Management and Budget as a director before joining Bear Stearns as chief economist for seven years.
Unfortunately, he was fired 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 in 1974, when he married Nancy Ellen Gerstein, fiction editor at The New Yorker magazine, for a year. Susan (Cullman) Sicher, whose grandfather was businessman Joseph Cullman and whose great-grandfather was businessman Lyman G.
Bloomingdale’s married him in 1981. U.S. District Judge John Sirica performed the wedding in Washington. He married Judith “Judy” Pond, a Montana native and painter, in 1986.
Kudlow left Bear Stearns in the mid-1990s and went through a 12-step program to deal with his cocaine and alcohol issues. Under the direction of Father C. John McCloskey III later converted to Catholicism.
Kudlow is a member of the Catholic Advisory Board of Ave Maria Mutual Funds. He serves on the Fordham University Board of Trustees and is a member of the Kemp Institute 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 Walter Reed Army Medical Center in Washington, D.C., and White House press secretary Sarah Sanders said he was ‘doing well’ and expected a ‘full and speedy recovery’ .
The event happened the same day President Trump was scheduled to meet North Korean leader Kim Jong-un in Singapore for the US-North Korea summit. Kudlow was released from hospital on June 13.
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Bear Stearns hired Kudlow as chief economist and senior managing director in 1987. AB Laffer & Associates, a San Diego, California-based firm founded by Arthur Laffer, a major supply-side economist and proponent of the “Laffer curve,” an assessment of the link between tax levels and government revenue, hired Kudlow as an economic adviser. Due to his cocaine addiction, Kudlow was fired from Bear Stearns in the mid-1990s.