How Much Is Fed’s Lael Brainard Worth Upon Being Appointed Biden’s Top Economic Adviser?

Brainard takes oath for first term as Vice Chair, Washington, USA - 23 May 2022

President Joe Biden is set to name Federal Reserve Vice Chair Lael Brainard as top economic advisor. Replacing National Economic Council Director Brian Deese, Brainard will be a key decision maker in the administration’s economic policy and legislative agenda as it relates to finance and spending.

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But what do Brainard’s own finances look like? What is her net worth?

Lael Brainard’s Net Worth

Market Realist lists Brainard’s net worth at $2 million. According to Federal Reserve website, the Vice Chair made $183,100 in 2019.

Prior to joining the Federal Reserve Board of Governors as the only Democrat on the board in 2014, Brainard worked as undersecretary of the U.S. Department of Treasury. The average salary for a Department of Treasury worker in 2015 was $106,712, according to Since undersecretary is a higher position, Brainard possibly took home more for her role.

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Brainard grew up in West Germany in her early years until she moved to Poland with her family prior to Germany’s reunification. She graduated from Wesleyan University with a Bachelor of Arts and then received her master’s and PhD in economics from Harvard.

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About the Author

Dawn Allcot is a full-time freelance writer and content marketing specialist who geeks out about finance, e-commerce, technology, and real estate. Her lengthy list of publishing credits include Bankrate, Lending Tree, and Chase Bank. She is the founder and owner of, a travel, technology, and entertainment website. She lives on Long Island, New York, with a veritable menagerie that includes 2 cats, a rambunctious kitten, and three lizards of varying sizes and personalities – plus her two kids and husband. Find her on Twitter, @DawnAllcot.
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