Andrei Shleifer

Quick Facts

Full Name	Andrei Shleifer
Occupation	American economist
Date Of Birth	Feb 20, 1961(1961-02-20)
Age	63
Birthplace	Moscow
Country	Russia
Horoscope	Pisces

Andrei Shleifer Biography

Andrei Shleifer is one of the most popular and richest American economist who was born on February 20, 1961 in Moscow, Russia. Andrei Shleifer (/ˈ ʃ l aɪ f ər / SHLY -fər; born February 20, 1961) is a Russian-American economist and Professor of Economics at Harvard University, where he has taught since 1991. Shleifer was awarded the biennial John Bates Clark Medal in 1999 for his seminal works in three fields: corporate finance (corporate governance, law and finance), the economics of financial markets (deviations from efficient markets), and the economics of transition.

IDEAS/RePEc has ranked him as the top economist in the world, and he is also listed as #1 on the list of “Most-Cited Scientists in Economics & Business”. He served as project director of the Harvard Institute for International Development’s Russian aid project from its inauguration in 1992 until 1997, where he and his associates made Russian investments, and settled a lawsuit from the U.S. government for such a violation of HIID’s contract.

In 1997, the U.S. Agency for International Development (USAID) canceled most of its funding for the Harvard project after investigations showed that top HIID officials Andrei Shleifer and Jonathan Hay had used their positions and insider information to profit from investments in the Russian securities markets. Among other things, the Institute for a Law Based Economy (ILBE) was allegedly used to assist Shleifer’s wife, Nancy Zimmerman, who operated a hedge fund which speculated in Russian bonds.

In August 2005, Harvard University, Shleifer and the Department of Justice reached an agreement under which the university paid $26.5 million to settle the five-year-old lawsuit. Shleifer was also responsible for paying $2 million worth of damages, though he did not admit any wrongdoing.

He has held a tenured position in the Department of Economics at Harvard University since 1991 and was, from 2001 through 2006, the Whipple V. N. Jones Professor of Economics. Previously, he taught at the Graduate School of Business at the University of Chicago and briefly at Princeton University.

Andrei Shleifer Net Worth

Andrei Shleifer is one of the richest American economist from Russia. According to our analysis, Wikipedia, Forbes & Business Insider, Andrei Shleifer 's net worth $5 Million. (Last Update: December 11, 2023)

He was born to a Jewish family in the Soviet Union and emigrated to Rochester, New York, as a teenager in 1976, where he attended an inner-city school and learned English from episodes of Charlie’s Angels. He then studied mathematics, obtaining his B.A. from Harvard University in 1982. Following this, he went to graduate school in economics, acquiring his Ph.D. from MIT in

1986. As a freshman at Harvard, Shleifer took Math 55 with Brad DeLong; he has said that the course made him realize he was not destined to be a mathematician, but the experience gave him a future co-author. Shleifer also met his mentor and professor, Lawrence Summers, during his undergraduate education at Harvard. The two went on to be co-authors, joint grant recipients, and faculty colleagues.

During the early 1990s, Andrei Shleifer headed a Harvard project under the auspices of the Harvard Institute for International Development (HIID) that invested U.S. government funds in the development of Russia’s economy. Schleifer was also a direct advisor to Anatoly Chubais, then vice-premier of Russia, who managed the Rosimushchestvo (Committee for the Management of State Property) portfolio and was a primary engineer of Russian privatization. Shleifer was also tasked with establishing a stock market for Russia that would be a world-class capital market. In 1996 complaints about the Harvard project led Congress to launch a General Accounting Office investigation, which stated that the Harvard Institute for International Development (HIID) was given “substantial control of the U.S. assistance program.”

In 1994 Shleifer founded with fellow academics—and behavioral finance specialists—Josef Lakonishok and Robert Vishny a Chicago-based money management firm known as LSV Asset Management. As of February 2006, it managed about $50 billion in quantitative value equity portfolios, though, according to the firm’s website, Shleifer has sold his ownership stake.

Height, Weight & Body Measurements

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Who is Andrei Shleifer Dating?

According to our records, Andrei Shleifer is possibily single & has not been previously engaged. As of December 1, 2023, Andrei Shleifer’s is not dating anyone.

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Facts & Trivia

Andrejs Ranked on the list of most popular American economist. Also ranked in the elit list of famous people born in Russia. Andrei Shleifer celebrates birthday on February 20 of every year.