JANET Yellen succeeded Steven Mnuchin to become the 78th US Secretary of the Treasury.
She was elected to the position by Joe Biden and became the first woman to assume the title.
What is Janet Yellen's net worth?
According to Celebrity Net Worth, Janet Yellen accumulated an estimated fortune of $16million.
Her net worth is attributed to her decades-long career as an economist.
As the Secretary of the Treasury, Yellen's annual salary is reported to be an estimated $219,200.
Another source of Yellen's wealth stems from her job as the former Chair of the Federal Reserve System.
She held the position from 2014 to 2018 and was succeeded by Jerome Powell.
Yellen and her husband, Nobel Prize-winning economist George Akerlof, control assets between $8 and $20million
Between 2018 and 2020, she reportedly earned $7million from roughly 50 speaking engagements.
She also owns a number of homes in the Washington DC area and the properties are believed to be worth millions of dollars.
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Yellen's and Akerlof's combined real estate assets are worth an estimated $4.3million.
When was she appointed Treasury Secretary?
On January 26, 2021, Yellen was sworn in as the 78th Secretary of the Treasury.
Joe Biden first nominated her for the position on December 1, 2020.
"She has spent her career focused on unemployment and the dignity of work," he said at the time.
"She understands what it means to people and their communities when they have good, decent jobs."
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