Timothy Geithner Net Worth
Timothy Geithner is an American economist, central banker, and civil servant with a net worth of $6 million. He is best known for serving as the United States Secretary of the Treasury under President Barack Obama. Prior to that, he was the president of the Federal Reserve Bank of New York. Geithner was born in New York City and spent most of his childhood in other countries due to his father’s work with the Ford Foundation.
Geithner has been married to Carole Sonnenfeld since 1985, and they have two children. He worked at the International Affairs division of the U.S. Treasury Department and served as an attaché at the Embassy of the United States in Tokyo. Geithner has also held various political positions, including assistant secretary for international affairs from 1997 to 1998.
Geithner had some personal tax issues, which were revealed during his Senate confirmation hearings. He did not pay $35,000 in self-employment taxes for the years 2001–2004, but he apologized for the oversight.
As Treasury Secretary, Geithner was involved in the allocation of $350 billion of funds from the Troubled Asset Relief Program during the global financial crisis. He dealt with various high-profile issues, including efforts to restructure the regulation of the financial system, recovery of the mortgage and automobile industries, tax changes, negotiations with foreign governments on financial issues, and protectionism demands.
Geithner’s salary as Secretary of the Treasury was $190,000 per year.
