Elizabeth Warren Net Worth, Personal Life, Education, Academic Career, Advisory, US Senate, Awards and Books

Published Date   18th Sep. 2017, 06:27 am
Elizabeth Warren Net Worth, Personal Life, Education, Academic Career, Advisory, US Senate, Awards and Books
Quick Info
Birth Name:Elizabeth Ann Herring
Nationality:American
Net Worth:$3.7 million to $10 million




American academician and politician, Elizabeth Warren net worth accelerated as she became the member of Democratic Party and served as the senior United States Senates from Massachusetts.

Synopsis

The former professor of law at the University Of Texas School Of Law, the University of Pennsylvania Law School and Harvard Law School, Elizabeth Warren is a prominent scholar. She specializes in bankruptcy law who is also an active consumer protection advocate.

Further, Elizabeth Warren net worth and prominence grew as she wrote several academic and popular works about the American economy. After 2008 financial crisis, Warren served as the chair of Congressional Oversight Panel and Assistant to the President. Similarly, Elizabeth Warren net worth rose as she held the position of Special Advisor to the Secretary of Treasury for the Consumer Financial Protection Bureau. It was during the time Barack Obama was the president.

Background, Personal Life and Education

Elizabeth Warren was born on June 22, 1949 in Oklahoma, the United States. Her parents are Pauline and Donald Jones Herring. Born in middle class, she grew up with three older brothers.

Her janitor father at Montgomery Ward had a heart attack when Warren was 12 years old. As a result, this led to high medical bills and pay cut due to his inability to work. Furthermore, this economic imbalance led to them failing to make loan payment of their car.

Therefore, Warren started waiting tables at her aunt’s restaurant when she was 13. Soon, she became an active debate team member at Northwest Classen High School through which she won “Oklahoma’s top high school debater”. In addition, Elizabeth Warren net worth increased after winning debate scholarship to George Washington University at the age of 16.

After two years of studying at GWU, she left it to marry her boyfriend, Jim Warren. Warren worked for IBM and was a subcontractor to NASA. Moving on with her husband to Houston, Warren continued her studies in the University of Houston. She graduated in 1970 with a BS degree in speech pathology and audiology. Initially aspiring to be a teacher, Warren taught children with disability in public school.

Later the couple moved to New Jersey due to Jim’s work. Warren became pregnant after which she decided to stay at home and take care of her child. It was only after their daughter turned two years, Warren enrolled at the Rutgers School of Law-Newark.

She worked as a summer associate at Cadwalader, Wickersham & Taft. Right before graduation, she became pregnant with her second child. After receiving her J.D. in 1976, Warren started working as a lawyer from home.

Elizabeth and Jim named their children: Amelia and Alexander. However, the divorced in 1978. Two years later, she married a law professor, Bruce Mann but retained the surname Warren.

Academic Career Highlights

After obtaining J.D., Elizabeth Warren net worth rose as she got to teach law at several universities. Her primary researches are based on the issues of bankruptcy and middle-class personal finance. Warren started teaching as lecturer at Rutgers School of Law-Nemark (1977-78) and then moved on to the University of Houston Law Center (1978-83). Soon, she became the Associate Dean for Academic Affiars in 1980 at the University of Houston.

She also taught at the University of Texas School of Law and University of Michigan as a visiting associate professor. Warren’s extensive work on court records analysis and interviewing judges/lawyers made her a rising star in the bankruptcy law.

In 1987, she joined the University of Pennsylvania as a full professor. There, she got an endowed chair in 1990. In 1992, she taught at Harvard Law School as visiting professor for a year.  Even though her publications and researches were vast, Bob Scott and Alan Schwartz of Yale were more cited than Warren.

Advisory Roles

Elizabeth Warren net worth elevated in 1995 as she got a role to advise the National Bankruptcy Review Commission. For the position, she helped the commission draft the report and oppose legislations that were meant to restrict the right of consumers to file for bankruptcy. However, they did not succeed until Congress passed the Bankruptcy Abuse Prevention in 2005.

Starting from 2006, Warren served as the member of FDIC Advisory Committee on Economic Inclusion. In addition, she was also the member of National Bankruptcy Conference and formerly served as Vice President of the American Law Institute.

In 2008, U.S. Senate Majority Leader Harry Reid appointed Warren as the chair of Congressional Oversight Panel. She served to look after the implementation of Emergency Economic Stabilization Act. During her tenure, she reported foreclosure mitigation, consumer and small business landing, commercial real estate and the impact of Troubled Asset Relief Program (TARP) among many of the topics.

Likewise, Warren was also an advocate for the creation of a new Consumer Financial Protection Bureau (CFBP). The Dodd-Frank Wall Street Reform and Consumer Protection Act established it which President Obama signed in 2010. Elizabeth Warren net worth accelerated as President Obama chose Warren as Assistant to the President and Special Advisor to the Secretary of the Treasury on the Consumer Financial Protection Bureau.

U.S. Senate and Notable Works

In 2011, Warren announced that she will be running for Democratic nomination for 2012 election in Massachusetts for the U.S. Senate. In a video, she mentioned that asking rich to pay more taxes is “class warfare”. The video went viral and created controversy.

In 2012 election, her opponent Scott Brown claimed she has constructed Native American heritage to gain advantage in job market. However, Warren’s former colleagues denied the allegation. She herself responded saying she has self-identified as a minorities. In 2014, in her autobiography, she talked about the allegations being hurtful and fake.

No matter what all allegations she endured, Warren ran for the position and won it on June 2, 2012 with a record of 95.77% votes of delegates. Even though she underwent huge opposition from business interests, she raised $39 million for the campaign.

In 2012 Democratic National Convention, she took her position of a champion of a beleaguered middle class. After defeating Scott Brown with 53.7% votes, Elizabeth Warren net worth hiked becoming the first woman U.S. Senate from Massachusetts.

In December of the same year, she won a seat on the Senate Banking Committee. As a result, she overlooked the implementation of Dodd-Frank and other banking industry. Holding the position, Elizabeth Warren net worth accelerated as she took control of many of the significant activities. She introduced the Bank on Student Loans Fairness Act so that students are allowed to take out government education loans at 0.75%.

In 2015, Elizabeth Warren net worth increased even more as she reintroduced the 21st century Glass-Steagall Act to reduce risk for American taxpayer. John McCain, Maria Cantwell and Angus King were the one she worked with to establish the act. Subsequently, the following year, Warren obtained a seat on Senate Armed Services Committee.

2016 Presidential Run

In 2016 U.S. Presidential Election, liberal Democrats put Warren’s name as a possible candidate. However, she stated she was not running for the election in 2016. Instead she joined the other fifteen Senate Democratic women encouraging Hillary Clinton to run.

In 2016, she endorsed Clinton for president. Even though there were speculations that Warren would be Clinton’s Vice presidential running mate, Clinton chose Tim Kaine. Warren criticized Trump for his stance on Trump university case and called him dishonest, nasty and thin-skinned fraud.

Honors and Awards

Elizabeth Warren net worth increased due to her significant work in developing the economic system through her positions. As a result, she received a number of awards and honors. The Boston Globe named her the Bostonian of the Year in 2009. Similarly, Women’s Bar Association of Massachusetts honored her with Lelia J. Robinson Award.

Time Magazine and the National Law Journal ranked her among 100 Most Influential People in the World and 50 Most Influential Woman Attorneys in America respectively, each for multiple times.

Furthermore, Warren has inducted into Oklahoma Hall of Fame in 2011. The following year, British New Statesman magazine named her as one of the “top 20 US progressives”.

Elizabeth Warren net worth heightened as she became the first professor in Harvard’s history to win The Sacks-Freund Teaching Award. The Rutgers School of Law-Nemark awarded her an honorary Doctor of Laws degree in 2011. Moreover, she was conferred membership in the Order of the Coif.

Books and Other Works

The astoundingly talented lawyer, Elizabeth Warren net worth rose as a writer for her numerous publications. Out of many, she and her daughter, Amelia Tyagi together wrote The Two-Income Trap: Why Middle-Class Mother and Fathers Are Going Broke. In the book, they pointed out that fully employed workers today earns less inflation-adjusted income than a fully employed workers did three decades ago.

She published A Fighting Chance in 2014 and then This Fight Is Our Fight: The Battle to Save America’s Middle Class in 2017. Through this book, she argues that federal government has to do more to help working class families.

Elizabeth Warren Net Worth

One of the top law professors and an expert in bankruptcy, Elizabeth Warren net worth falls somewhere between $3.7 million to $10 million. Even though the accuracy of her net worth is not available, she has established herself as the economic pundit.

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