About Ben Bernanke
Ben Shalom Bernanke, commonly known as Ben Bernanke, is an Economist who currently chairs Federal Reserve, United States’ central bank. Bernanke was “the lucky one” who had to deal with consequences of financial crisis which started in the late 2000s. Before entering this position Ben chaired the department of economics at Princeton and was a professor at the same university. He entered the Board of Governors of the Federal Reserve System in 2002 and since then has made a great influence on the way in which this institution views the influence of business cycles. In 2005 he was appointed to chair George W. Bush’s presidential Council of Economics. Although Ben Bernanke net worth of $2 million seems quite modest compared to the fortunes of private business moguls, in 2013 Forbes ranked him as the sixth most powerful man in the world.
Ben was born in Georgia, in a family of Philip and Edna Bernanke. His parents were a typical middle class people: Philip was a part-time theatre manager and pharmacist, while Edna was a teacher at the local school. Ben was the first child in a family and has two siblings: a brother, Seth, and a sister named Sharon.
Just like their parents, Seth and Sharon are middle class professionals and their fortunes do not come close to Ben Bernanke net worth. Edna and Philip were Jewish and raised their children in this tradition. During his childhood Ben used to spend afternoons with his maternal grandpa Harold Friedman, who has taught the boy to speak and write in Hebrew. Ben’s paternal grandfather, Jonas, was the founder of the pharmacy store, later ran by his sons.
When he was a teenager, Ben Bernanke net worth was just as petty as his peers’, thus in order to get some extra cash Ben waited tables at the local restaurant and worked at the constructions. Although half of his time was dedicated for job, Ben’s academic achievements were impressive. He singlehandedly taught himself to do the calculus and graduated from Dillon High School with a SAT score only ten points lower than maximum- 1590. To pay his college fees Bernanke had to give up on his summer holidays and go to work at South of the Border. In 1975 Bernanke graduated from the prestigious Harvard University, holding a BA degree in economics. While studying there Ben lived with Goldman Sachs. His former roommate is currently known as the founder of The Goldman Sachs Group, a multinational investment banking firm, which also engages in global management and other financial services. Goldman’s current fortune makes Ben Bernanke net worth look like a pocket money: according to some trustworthy sources, Sachs holds assets worth some $450 million.