Age, Biography and Wiki

David Malpass was born on 8 March, 1956 in Petoskey, Michigan, United States. Discover David Malpass's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 68 years old?

Popular As N/A
Occupation N/A
Age 68 years old
Zodiac Sign Pisces
Born 8 March 1956
Birthday 8 March
Birthplace Petoskey, Michigan, U.S
Nationality United States

We recommend you to check the complete list of Famous People born on 8 March. He is a member of famous with the age 68 years old group.

David Malpass Height, Weight & Measurements

At 68 years old, David Malpass height not available right now. We will update David Malpass's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
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Who Is David Malpass's Wife?

His wife is Adele Obermayer

Family
Parents Not Available
Wife Adele Obermayer
Sibling Not Available
Children Robert Malpass

David Malpass Net Worth

His net worth has been growing significantly in 2022-2023. So, how much is David Malpass worth at the age of 68 years old? David Malpass’s income source is mostly from being a successful . He is from United States. We have estimated David Malpass's net worth , money, salary, income, and assets.

Net Worth in 2023 $1 Million - $5 Million
Salary in 2023 Under Review
Net Worth in 2022 Pending
Salary in 2022 Under Review
House Not Available
Cars Not Available
Source of Income

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Timeline

2019

During the 2016 U.S. presidential election, Malpass served as an economic advisor to Donald Trump, and in 2017, he was nominated and confirmed as Under Secretary of the Treasury for International Affairs at the Treasury Department. Malpass was elected President of the World Bank on April 4, 2019, having been nominated to the position in February 2019 by the Trump Administration. He formally took office on April 9, 2019.

Malpass took a critical position on China during his tenure. He was described as "a champion of President Donald Trump’s protectionist message."

In February 2019, President Trump announced Malpass as the nominee for President of the World Bank, succeeding Jim Yong Kim, who had announced in January 2019 that he would be stepping down three years prior to the end of his five-year term in 2022. Malpass was unanimously approved by the executive board on April 5, 2019, and began his term on April 9.

2017

In March 2017, the White House announced that Malpass would be President Trump's nominee for Under Secretary of the Treasury for International Affairs. Malpass was confirmed for the position by the United States Senate on August 3, 2017.

2016

Malpass joined Donald Trump's presidential campaign in May 2016 as Senior Economic Advisor. He appeared frequently on television and radio to support Trump’s message of faster growth through policy reforms. Four of his pre-election Forbes columns discussed the need for political upheaval to upend the status quo. On August 5, the campaign announced an economic round-table including Malpass. His September 1, 2016, New York Times editorial described fast growth through a policy upheaval covering taxes, trade, regulations and energy ("Why Our Economy Needs Trump"). Throughout the election time period, Malpass was heading the transition team's work on economic agencies including Treasury, Commerce, the Federal Reserve, USTR and independent regulatory agencies as Trump prepared to become president.

2015

Malpass and his wife, Adele, daughter of Herman Obermayer and granddaughter of Neville Levy, live in New York City. Adele Malpass was appointed as the Chairwoman of the Manhattan Republican Party in January 2015 and was elected to a two year term in September 2015. She was succeeded in the role by Andrea Catsimatidis, daughter of billionaire businessman John Catsimatidis, after resigning to move to Washington when Malpass was appointed to his role in the Treasury Department under President Trump. Malpass is a native of northern Michigan.

2013

Malpass sits on the boards of UBS Funds, the New Mountain Financial Corporation, and the Gary Klinsky Children's Center. He is also a former director of the National Committee on United States–China Relations, the Council of the Americas, and the Economic Club of New York, and a former member of the board of trustees of the Manhattan Institute.

2008

In June 2008, Malpass founded Encima Global, a New York City firm providing daily analysis of global economic and political trends relevant to institutional investors. In 2010, Malpass ran for the Republican nomination for United States Senate in that year's special election in New York. He placed second in the three-way primary with 38% of the vote after former Congressman Joe DioGuardi's 42%. In 2012, he wrote a chapter entitled 'Sound Money, Sound Policy' in The 4% Solution: Unleashing the Economic Growth America Needs, published by the George W. Bush Presidential Center.

2007

Malpass has been noted for his forecasts before the financial crisis of 2007–2008 and in the time period following the Great Recession. In 2007, before the housing market collapse, Malpass wrote for the Wall Street Journal that "Housing and debt markets are not that big a part of the U.S. economy, or of job creation...the housing- and debt-market corrections will probably add to the length of the U.S. economic expansion." He also called for the raising of interest rates in 2011 at a time when others believed this would be harmful to the economy. Bruce Bartlett cited Malpass's 2008 forecast of economic growth and his 2012 forecast of recession as specific examples of partisan bias in economic forecasts.

1993

Malpass was chief economist at Bear Stearns from 1993 to 2008. As a result of the global financial crisis and under the prodding of the Federal Reserve and United States Department of the Treasury, Bear Sterns was sold to JPMorgan Chase in March 2008 for 6% of its value twelve months prior.

1986

During the administrations of Ronald Reagan and George H. W. Bush, Malpass worked on an array of economic, budget, and foreign policy issues including small business promotion throughout Latin America and the 1986 tax cut. Malpass served as the Republican staff director of the United States Congress Joint Economic Committee from 1989 to 1990, and as a member of Congress's blue-ribbon panel on budget scoring from 2002 to 2003.

1977

Malpass earned a B.A. in physics at Colorado College and an MBA at the University of Denver. He studied international economics at Georgetown University's School of Foreign Service. He speaks Spanish, Russian, and French. From 1977 to 1983, he worked in Portland, Oregon for Esco Corporation and Arthur Andersen's systems consulting group, where he became a licensed CPA.

1956

David Robert Malpass (born March 8, 1956) is an American economic analyst and former government official serving as President of the World Bank Group since 2019. Malpass previously served as Under Secretary of the Treasury for International Affairs under Donald Trump, Deputy Assistant Treasury Secretary under Ronald Reagan, Deputy Assistant Secretary of State under George H. W. Bush. He served as Chief Economist at Bear Stearns for the six years preceding its collapse.