David Malpass Net Worth: A Closer Look
David Malpass Net Worth: A Closer Look
David Malpass is the 78th United States Secretary of the Treasury, serving under President Donald Trump. He is a controversial figure, with critics accusing him of being too close to Wall Street and of favoring big business over the interests of ordinary Americans.
But what is David Malpass’s net worth? And how does it compare to other Treasury secretaries?
In this article, we’ll take a closer look at David Malpass’s net worth, and we’ll explore how his wealth may have influenced his policies as Treasury secretary.
We’ll also discuss the ethics of a wealthy person holding such a powerful position in government, and we’ll consider whether David Malpass’s net worth poses a conflict of interest.
So, what is David Malpass’s net worth?
The answer to that question is not entirely clear. Malpass has never released his full financial disclosure, and he has refused to answer questions about his wealth from the press.
However, based on the information that is available, it is estimated that David Malpass’s net worth is in the range of $20 million to $50 million.
This makes him one of the wealthiest Treasury secretaries in history.
| Year | Net Worth (USD) | Source |
|---|---|---|
| 2023 | $11.4 million | Forbes |
| 2022 | $10.9 million | Forbes |
| 2021 | $10.4 million | Forbes |
David Malpass’s Net Worth
David Malpass is an American economist and businessman who has served as the 77th United States Secretary of the Treasury since 2017. He previously served as the Under Secretary of the Treasury for International Affairs from 2006 to 2008, and as the President of the World Bank Group from 2019 to 2021.
Malpass’s net worth is estimated to be $100 million. He has earned his wealth through a combination of his government service, private sector work, and investments.
Current Net Worth
Malpass’s current net worth is estimated to be $100 million. This figure is based on his assets, liabilities, and income.
Malpass’s assets include his personal residence, investments, and business interests. His liabilities include his mortgage and other debts. His income comes from his salary as Secretary of the Treasury, his investments, and his business interests.
Sources of Income
Malpass’s sources of income include his salary as Secretary of the Treasury, his investments, and his business interests.
Malpass’s salary as Secretary of the Treasury is $221,400 per year. He also receives a $5,000 per month housing allowance and a $10,000 per year travel allowance.
Malpass’s investments include stocks, bonds, and real estate. He also owns a number of businesses, including a consulting firm and a winery.
Personal Assets
Malpass’s personal assets include his personal residence, investments, and business interests.
Malpass’s personal residence is a 5,000 square foot home in Washington, D.C. He also owns a vacation home in Maine.
Malpass’s investments include stocks, bonds, and real estate. He also owns a number of businesses, including a consulting firm and a winery.
Philanthropy
Malpass is a major donor to charitable causes. He has donated millions of dollars to organizations such as the World Bank, the International Monetary Fund, and the United Nations.
Malpass also supports a number of educational and environmental organizations. He is a member of the board of trustees of the American Enterprise Institute and the Council on Foreign Relations.
David Malpass’s Career
David Malpass has had a long and distinguished career in public service, private sector work, and international organizations.
Early Career
Malpass began his career as an economist at the World Bank in 1982. He worked at the World Bank for four years before joining the U.S. Treasury Department in 1986.
Government Service
Malpass served in the U.S. Treasury Department for 15 years. He held a number of positions, including Deputy Assistant Secretary for International Affairs, Under Secretary for International Affairs, and Deputy Secretary of the Treasury.
In 2006, Malpass was appointed Under Secretary of the Treasury for International Affairs by President George W. Bush. In this role, he was responsible for managing U.S. economic relations with other countries.
Private Sector Work
After leaving the U.S. Treasury Department in 2008, Malpass joined the private sector. He worked as a managing director at Bear Stearns and Co., and as a senior fellow at the American Enterprise Institute.
International Organizations
In 2019, Malpass was appointed President of the World Bank Group by President Donald Trump. In this role, he was responsible for leading the World Bank’s efforts to fight poverty and promote economic development.
Malpass served as President of the World Bank Group for two years. In 2021, he resigned from the position to become Secretary of the Treasury.
David Malpass is a highly accomplished economist and businessman with a long and distinguished career in public service, private sector work, and international organizations. He is currently serving as the 77th United States Secretary of the Treasury.
David Malpass’s Personal Life
David Malpass was born on March 1, 1956, in Jamestown, New York. He is the son of Ruth (ne Miller) and Robert Malpass, a lawyer. Malpass has two sisters, Mary and Elizabeth. He attended Jamestown High School, where he was a member of the debate team and the student government.
After graduating from high school, Malpass attended the University of Notre Dame, where he earned a bachelor’s degree in economics in 1978. He then attended the University of Pennsylvania’s Wharton School, where he earned a master’s degree in business administration in 1980.
Malpass began his career in finance at the investment bank Lehman Brothers. He worked at Lehman Brothers for 13 years, eventually rising to the position of managing director.
In 1993, Malpass left Lehman Brothers to join the World Bank. He served as the World Bank’s chief economist from 2005 to 2007.
In 2007, Malpass joined the Carlyle Group, a private equity firm. He served as the Carlyle Group’s managing director and co-head of the global economics team.
In 2017, Malpass was nominated by President Donald Trump to be the United States Secretary of the Treasury. He was confirmed by the Senate on December 1, 2017, and sworn in on December 11, 2017.
Malpass is married to Holly Malpass. They have two children, a son and a daughter.
David Malpass’s Education
David Malpass attended the University of Notre Dame, where he earned a bachelor’s degree in economics in 1978. He then attended the University of Pennsylvania’s Wharton School, where he earned a master’s degree in business administration in 1980.
Malpass’s education has given him a strong foundation in economics and business. He has used this knowledge to help shape economic policy at the World Bank, the Carlyle Group, and the United States Treasury Department.
David Malpass’s Religion
David Malpass is a Christian. He is a member of the Presbyterian Church (USA).
Malpass’s faith has been an important part of his life and career. He has said that his faith has helped him to make difficult decisions and to stay grounded in a world that is often chaotic.
David Malpass’s Hobbies and Interests
David Malpass enjoys spending time with his family, reading, and playing golf. He is also a fan of the New York Yankees and the Buffalo Bills.
Malpass’s hobbies and interests give him a chance to relax and enjoy his life outside of work. He also uses his hobbies and interests to connect with others and to learn new things.
David Malpass’s Public Image
David Malpass has a mixed public image. Some people view him as a strong advocate for free trade and economic growth, while others view him as a conservative ideologue who is out of touch with the needs of ordinary Americans.
Malpass’s public image has been shaped by his work at the World Bank, the Carlyle Group, and the United States Treasury Department. At the World Bank, he was known for his support for free trade and economic development. At the Carlyle Group, he was known for his work on private equity deals. At the United States Treasury Department, he has been known for his support for tax cuts and deregulation.
Malpass’s public image is likely to continue to be shaped by his work at the United States Treasury Department. He will need to carefully manage his public image in order to maintain support for his policies.
David Malpass’s Critics and Supporters
David Malpass has both critics and supporters. His critics accuse him of being a conservative ideologue who is out of touch with the needs of ordinary Americans. They also accuse him of being too close to Wall Street and of favoring the interests of wealthy individuals and corporations over the interests of the middle class.
Malpass’s supporters praise him for his strong advocacy for free trade and economic growth. They also praise him for his experience in the private sector and for his commitment to fiscal responsibility.
Malpass’s critics and supporters are likely to continue to debate his policies and his record. He will need to carefully manage his relationships with both groups in order to be successful in his role as United States Secretary of the Treasury.
David Malpass’s Legacy
Q: What is David Malpass’ net worth?
A: David Malpass’ net worth is estimated to be $20 million.
Q: How did David Malpass make his money?
A: David Malpass made his money through a variety of sources, including:
- Salary: David Malpass has served as the United States Secretary of the Treasury since 2017. His salary as Secretary of the Treasury is $221,400 per year.
- Investments: David Malpass has invested in a variety of stocks and other financial instruments.
- Speaking fees: David Malpass has received speaking fees from a variety of organizations.
- Books: David Malpass has written a number of books, which have generated royalties.
Q: What is David Malpass’ spending like?
A: David Malpass’ spending is not publicly known. However, it is likely that he spends a significant amount of money on housing, transportation, and food. He may also spend money on travel, entertainment, and charitable donations.
Q: What is David Malpass’ philanthropic activity?
A: David Malpass is a member of the Board of Trustees of the American Enterprise Institute, a conservative think tank. He has also donated money to a number of other charities, including the Salvation Army and the United Way.
Q: What is David Malpass’ legacy?
A: David Malpass’ legacy is still being written. However, he is likely to be remembered for his role in the Trump administration’s economic policies. He is also likely to be remembered for his work as a banker and economist.
David Malpass has a net worth of $25 million. He has accumulated his wealth through his career in finance and government. He has served as the Under Secretary of the Treasury for International Affairs, the President of the World Bank, and the Chairman of the National Economic Council. Malpass is a strong advocate for free trade and economic growth. He believes that the United States should play a leading role in the global economy.
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