Alan Greenspan Net Worth
Where Does Greenspan’s Net Worth Come from?
Former Federal Reserve Chairman Alan Greenspan, 81, is a wealthy man. Boasting a net worth of at least $4.2 million, he is significantly richer than the man who succeeded him, current chairman Ben Bernanke. In 2004, Bernanke reported a net worth of between one million and five million dollars. Greenspan’s net worth comes from more conservative sources, with his investments in T-bonds being worth around $3 million. In addition to his bonds, Greenspan has substantial holdings in General Electric, Abbott Laboratories, and beer makers Anheuser Busch, worth between $600,000 and $1.1 million.
Greenspan has recently been voicing his concerns over the possibility of an economic recession. He has pointed to slowdowns in the housing market as driving factors behind the economic slowdown, as many americans derive most of their net worth from the value of their homes. Greenspan worries that as consumer spending continues to fall (a result of americans’ smaller net worth), the economy could begin to shrink.
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