What is Larry Kudlow's Net Worth and Salary?
Larry Kudlow is an American conservative economist, television personality and newspaper columnist who has a net worth of $5 million. According to his September 2019 financial disclosure, Larry's stock holdings and other liquid assets were worth a minimum of $2 million. This disclosure does not include liquid assets such as personal real estate. It also showed that he earned around $800,000 per year from CNBC and an additional $100-200,000 per year from paid speeches and consulting work.
For many years he was best known for being the host of CNBC's "The Kudlow Report" and "The Larry Kudlow Show" on CNBC and WABC Radio, respectively. Larry stepped away from the private sector in April 2018 to become Donald Trump's Director of the National Economic Council, a position he held through 2021.
Early Life
Lawrence Alan "Larry" Kudlow was born on August 20, 1947, in New Jersey. Kudlow studied at the private schools Elizabeth Morrow School and Dwight-Englewood School. In 1969, he earned a degree in history from the University of Rochester.
Career
He then embarked on his career as a staff economist at the Federal Reserve Bank of New York. In 1970, he was already working on the Joseph Duffey's US Senate Campaign along with Bill Clinton, John Podesta and Michael Medved. A year later, he got into the Woodrow Wilson School of Public and International Affairs at Princeton University, where he studied politics and economics.
In 1970, he moved into the political sphere, joining the administration of President Richard Nixon as a junior economist.
In 1987 Larry Kudlow became Bear Stearns' chief economist and senior managing director. He was let go in 1994 due to cocaine abuse. He apparently skipped an extremely important client presentation because of his addiction.
Larry was the economic counsel to A.B. Laffer & Associates, a member of the board of directors of Empower America and the consulting chief economist for American Skandia Life Assurance, Inc., a subsidiary of Prudential Financial. As a nationally syndicated columnist and editor, he has contributed to numerous US magazines like the National Review.
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CNBC
From 2001 to 2018, Larry hosted or contributed to a variety of CNBC shows. From 2002 to 2005 he hosted "Kudlow & Cramer" alongside Jim Cramer. In 2005 Cramer left to host "Mad Money", at which point their former show was renamed "The Kudlow Report" and ran until 2014.
Director of the National Economic Council
In March 2018, President Donald Trump appointed Kudlow as the Director of the National Economic Council. In this role, Kudlow coordinated the administration's economic policy and provided economic advice to the president. During his tenure, he was a vocal supporter of Trump's economic policies, including tax cuts and deregulation. He served in this role until the end of the Trump administration in January 2021.
Post-Government Career
After leaving the White House, Kudlow returned to broadcasting, hosting "Kudlow" on Fox Business Network, where he continues to share his economic insights and comment on current economic and political issues.
Salary
His salary while working at CNBC was $800 thousand per year. His salary as Director of the National Economic Council was $185,000.
As an author, he has penned the books "American Abundance: The New Economic & Moral Prosperity," and "Tide: Why Tax Cuts Are the Key to Prosperity and Freedom."
Real Estate
In 1987 Larry Kudlow paid $606,000 for a 3.4 acre property in Redding, Connecticut. The property features a 6,000 square foot home. Today the property is likely worth around $2 million.
