Born Timothy Franz Geithner on the 18th August 1961 in Brooklyn, New York USA, he is an economist and businessman, best known to the world for his service as the 75th US Secretary of the Treasury under President Barack Obama from 2009 to 2013, among many other achievements. His career started in the mid- ‘80s.
Have you ever wondered how rich Timothy Geithner is, as of early 2017? According to authoritative sources, it has been estimated that Geithner’s net worth is as high as $2 million, an amount earned through his varied career.
Timothy Geithner Net Worth $2 Million
Timothy is of English and German ancestry; his mother has English roots, while his father is a German American. Timothy’s childhood was marked by constant migration with his father’s work with the Ford Foundation, living in Zambia, India, Zimbabwe and Thailand as well. While living in Thailand, he went to the International School Bangkok. After high school, Timothy enrolled at Dartmouth College, and obtained an BA degree in government and Asian studies. Also, he attended Beijing Normal University where he studied Mandarin, then obtained an MA degree in international economics and East Asian studies from John Hopkins University’s School of Advanced International Studies in 1985.
Timothy’s got off to a great start when he found a job at Kissinger Associates, in Washington, D.C., working for the consulting firm from 1985 until 1988, and then joined the International Affairs of the US Treasury Department. A while later he started serving as an attaché at the Embassy of the US in Tokyo, and consistently taking steps forward in holding several positions from the mid- ‘90s until early 2000s, including Under Secretary of the Treasury for International Affairs, from 1998 until 2001. In 2001 he joined the Council on Foreign Relations as a Senior Fellow in the International Economics department, while also serving as director of the Policy Department and Review Department at the International Monetary Fund for two years, between 2001 and 2003.
Then in October 2003, Timothy became president of the Federal Reserve Bank of New York, serving in the position until 2009, which only increased his net worth to a large degree, since his salary for 2007 year amounted to $398,200. In 2008, during the presidential campaign, Timothy was often mentioned as the new Secretary of Treasury, for both John McCain and Barack Obama. During Obama’s campaign, he announced that he intended to appoint Timothy as the new Secretary, if he is elected President. Timothy was sworn in as the new Treasury Secretary on the 26th January 2009, and served in the positon until 2013, when he left Obama’s administration, but soon after he became a member of the Council of Foreign Relations.
The following year, he was appointed president and managing director of the private equity firm Warburg Pincus, and Timothy is also a professor at the Yale School of Management, and is a board director of the International Rescue Committee.
Regarding his personal life, Timothy has been married to Carole Sonnenfeld since 1985; the couple has two children.
