Peter R. Orszag

Peter R. Orszag: Biography in Details

Who is Peter R. Orszag?

Peter R. Orszag is one of the celebrated economists, investment bankers, and authors. He is renowned for his budget management skills as the director of the Congressional Budget Office.

Currently, he is the CEO of the Assets management company, Lazard.

Peter R. Orszag- Birth, Age, Parents, Ethnicity, Siblings

Peter R. Orszag was born as Peter Richard Orszag on the 16th of December 1968 in Boston, Massachusetts.

His father, Steven Alan Orszag was a mathematician and professor at Yale University. Also, his mother, Reba Orszag-Karp was an owner of a research and development company. Talking about his ancestor, they migrated from Hungary to States in early 1900.

His younger brother, Jonathan Orszag was also an economist. They are of Jewish-Hungarian ethnicity.

Education

In 1987, he completed his high education at the Phillips Exeter Academy. Later, in 1991, he graduated from Princeton University Honored in Economics Summa Cum Laude.

After that, in 1992, he joined the London School of Economics and completed his post-graduation with Marshall Scholarship. From the same school, he earned a Ph.D. degree too.

Peter R. Orszag- Professional Life, Career

Early Career

In 1999, Peter R. Orszag started his career as a lecturer of macroeconomics for the University of California. However, he left the university after a year to join The Brookings Institution as a Senior Fellow. In the institution, he worked as director of Hamilton and the Retirement Security Project.

As an Economist

Moving forward, in January 2007, he joined the Congressional Budget Office as a director. During that time, he primarily worked health care aid and was highly praised for his work.

In January 2009, he became the director of the Office of Management and served in the White House. During his time in OMB, he played a key role in the passage and implementation of the 2009- Stimulus Legislation and the 2010- Affordable Care Act.

As an Investment Banker

After that, in 2010, he joined the multinational investment bank, Citi Group as the Vice-Chairman. As a Vice-Chairman, he advised various companies in multiple sectors.

Also, he served the company as the Chairman of the Financial Strategy and Solutions Group and provided analytical support and advisories to banking teams. He served the group for 5 years. In between, he also worked Robert Wood Johnson Foundation as a board member, and at The Bookings Institution as a senior fellow.

Currently, he is the CEO of the Financial Advisory at Lazard. In 2016, he joined the investment bank as the Vice Chairman of Investment Banking and Managing Director. In July 2018, he became the head of North American M&A and Global Co-head of healthcare and severed in the position for a year till June 2019.

Later, in April 2019, he was promoted to CEO of Financial Advisory.

Others

Apart from being an Investment banker, he is also an opinion columnist for Bloomberg Lp. He contributes to the topics related to macroeconomics and health care in political & behavioral economics.

Also, he is the author of books like Saving Social Security: A Balanced Approach, Aging Gracefully, and Medicare’s Payments to Physicians. 

Peter R. Orszag- Net Worth 2024, Salary

As of 2024, he has an estimated net worth of $25 million. His salary as the CEO of Lazard is in the range of $74k to $402k.

Apart from that, he also makes royalties on his books.

Peter R. Orszag- Controversy & Rumors

Back in 2014, he won the long-lasting child support battle with his ex-wife Cameron Rachel Hamill. At the time, Cameron claimed the child support that was worth $22k monthly.

However, the court ruled that he would be paying private school fees, summer camps, medical expenses, and extra activities. Whereas Cameron will be providing some meals.

Body Measurements: Height, Weight

Peter R. Orszag has brown eyes with black hair. His height is 6 feet 2 inches and weighs around 73 kg.

Social Media

Peter is active on Twitter with the handle, @porszag with 16.8k followers. He is not available on Facebook and Instagram.

On Twitter, he is following the personalities like Zeke Emanuel, Adre Picard, and Kate Aronoff.

You may also read Adam Shulman, Dhar Mann, and Abbie Mae Chapman.

Peter R. Orszag's Anniversary Dates

Peter R. Orszag's Birthday Dates