Monday, September 1, 2014

Janet Yellen net worth rises

Fed Chair Janet Yellen’s assets were valued at $5.3 million to $14.1 million last year compared with a range of $4.8 million to $13.2 million in 2012, according to financial disclosure documents released today. The assets are listed in ranges, so determining a precise valuation isn’t possible from the documents.

Yellen and her husband, Nobel laureate economist George Akerlof, reported a mix of investments, with individual stock holdings in companies such as Houston-based ConocoPhillips, the third-largest U.S. energy company, and a variety of mutual funds.

Low interest rates have punished savers, pushing them into higher-yielding, riskier investments. The Fed chair also had a stake in the Vanguard High Yield Corporate Fund, which invests in high-yielding corporate debt. Yellen also has investments in savings plans at the University of California, Berkeley, where she was a professor.

Her disclosures again noted that she has a stamp collection valued at $15,001 to $50,000, unchanged from the range in previous filings.