Read the complete write-up of Raphael Bostic net worth, age, wife, children, height, family, parents, Federal Reserve, crypto as well as other information you need to know.
Introduction
Raphael Bostic is an American economist, academic, and public servant who is the 15th President and CEO of the Federal Reserve Bank of Atlanta. During his academic career, Bostic served as chair of the Department of Governance, Management, and the Policy Process at the Price School of Public Policy at the University of Southern California.
Early life
| Name | Raphael Bostic |
| Net Worth | $10 million |
| Occupation | President, CEO |
| Height | 1.75m |
| Age | 56 years |
Raphael W. Bostic was born in 1966 (age 56 years) in New York City, United States. He was raised up in Delran Township, New Jersey, along with his parents and brother where he was valedictorian of Delran High School.
Bostic earned a Bachelor of Arts (BA) degree from Harvard University in 1987 with a combined major in economics and psychology. In 1995, he earned his doctorate in economics from Stanford University.
Career
Raphael Bostic served as a board member of Freddie Mac, the Lincoln Institute of Land Policy and Abode Communities. He is a fellow of the National Association of Public Administr ation, vice president of the Association for Public Policy Analysis and Management.
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Bostic is a member of the board of trustees of Enterprise Community Partners, and a research advisory board member of the Reinvestment Fund. He was an economist for the Federal Reserve Board of Governors from 1995 to 2001, and the assistant secretary for policy development and research at the United States Department of Housing and Urban Development from 2009 to 2012.
He was the Chair of the Department on Governance, Management and the Policy Process at the Sol Price School of Public Policy at the University of Southern California from 2012 to 2017.
In 2020, Raphael Bostic wrote an essay for the FRB Atlanta entitled, “A Moral and Economic Imperative to End Racism.” In it, he wrote that systematic racism drags on the economy.
Politics
Raphael Bostic has been mentioned as a potential nominee for a variety of roles in the federal government throughout his career. In November 2020, Bostic was named as a potential candidate for Secretary of the Treasury in the then-upcoming Biden Administration, a position that ultimately went to Janet Yellen.
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Bostic was mentioned in August 2021 as a contender for the position of Comptroller of the Currency, though this position went to Saule Omarova instead. He has recently been mentioned as a possible replacement for Jerome Powell as Chair of the Federal Reserve.
Husband
Raphael Bostic is married to Jeffrey Taylor. His husband Taylor is an American nationality but his age, place of birth, parents, siblings and ethnicity are unknown to the general public. However, Bostic is the first African-American and first openly gay person selected to lead a regional Federal Reserve bank. He has no children with his husband.
Raphael Bostic net worth
How much is Raphael Bostic worth? Raphael Bostic net worth is estimated at around $10 million. His main source of income is from his career as a private equity investor and former attorney. Bostic salary and other earnings are over $2.5 million annually. His successful career has earned him some luxurious lifestyles and some fancy car trips. He is one of the richest and influential private equity investors in the United States.