Latest news with #Gopinath
Time of India
11 hours ago
- Business
- Time of India
Gita Gopinath Net Worth: How much does the Indian-origin ex-IMF deputy managing director earn?
Renowned economist, Dr. Gita Gopinath, the first female Chief Economist of the International Monetary Fund (IMF) and its First Deputy Managing Director, is stepping up in her career. She is set to leave the IMF in August 2025 and return to Harvard University. As one of the top figures in global macroeconomics, it is only normal to be curious to know how much money she brings in and where her net worth stands. Between her high-profile IMF roles, endowed academic positions, and speaking engagements, Gopinath's financial standing reflects both her expertise and stature. Let's take a closer look. IMF salary and benefits During her tenure as First Deputy Managing Director (FDMD) since January 2022, Gopinath earned one of the highest compensation packages at the fund. According to the IMF's 2021–2022 public pay scale, senior executives typically receive a base salary of around $450,000–$500,000 per year. Add on the bonuses, allowances, international travel, housing support, and pension contributions, likely to push total annual compensation above $500,000. Before becoming FDMD, Dr. Gopinath served as the IMF's Chief Economist (2019–2022). While slightly lower than FDMD, the Chief Economist's salary remains substantial, within the $400,000–$450,000 range, excluding benefits. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Is it legal? How to get Internet without paying a subscription? Techno Mag Learn More Undo Academic income at Harvard Before and after her IMF role, Gopinath has been a distinguished professor at Harvard University (since 2005), holding prestigious endowed titles. Earlier, she served as the John Zwaanstra Professor of International Studies and Economics, earning a typical full professorship salary of $150,000–$200,000 annually. As she is set to return to Harvard this August, she's slated to hold the Coffey Professorship of Economics, an endowed chair that often commands higher pay, possibly $250,000–$300,000+, alongside research incentives. Net worth estimate Putting all her earnings together, Dr. Gopinath's net worth, although unverified, lies at approximately $3 million. This figure likely combines: 10+ years of academic senior roles with six-figure salaries, High-level IMF earnings totaling over $1.2 million during her five-year tenure, Investments and retirement savings are typical of Harvard professionals. Considering over 20 years of academic earnings, investment income, and contributions from high-profile roles, a net worth of $3–5 million seems credible, given her steady and high-valued career. How does the upcoming transition add up Dr. Gopinath's return to Harvard this August in a much-coveted chair not only adds another feather to the list of her achievements but also ensures that she remains financially secure, continuing to earn a competitive academic salary along with research funds and speaking engagements. Although she is set to leave her IMF executive role, her scholarly presence, through federal grants, consultancy, speaking fees, and research, could maintain or even increase her earnings over time. Her career not only demonstrates how public service and academic excellence can coexist but also is a testament to the integration of both global influence and personal wealth. Do you know how much Shah Rukh Khan's manager Pooja Dadlani earns annually? Her net worth will blow your mind
The Hindu
a day ago
- Health
- The Hindu
Webinar on ‘Understanding IVF and Fertility' to be held on July 24
Kauvery Hospital, in collaboration with The Hindu, is organising a wellness webinar on 'Understanding IVF and Fertility' at 11.30 a.m. on July 24, to mark World IVF (In-Vitro Fertilisation) Day (July 25). Infertility is a growing concern among couples today, and advancements in reproductive medicine offer renewed hope. The session aims to raise awareness and provide guidance on fertility treatments and procedures. During the webinar, Gopinath, Director, Reproductive Medicine, Kauvery Hospital, Vadapalani, will speak on 'The Evolution of Infertility Treatment', while K. Shanmugavadivu Venkatesan, Senior Obstetrician, Gynaec Endoscopic Surgeon, and Reproductive Medicine Consultant, Kauvery Hospital, Salem, will discuss 'Subfertility in Women'. Ramya Praveen Chander, Consultant, Reproductive Medicine, and IVF Specialist, Kauvery Hospital, Radial Road, will provide insights into 'Intrauterine Insemination', and S. Divya, Consultant, Fertility Specialist, Obstetrician and Gynaecologist, Maa Kauvery, Tiruchi, will speak on 'IVF and Related Procedures'. Soma Basu, Senior Deputy Editor, The Hindu, will moderate the webinar. To register, visit: or scan the QR code.
The Star
a day ago
- Business
- The Star
IMF first deputy managing director Gopinath to leave post in August
WASHINGTON, July 22 (Xinhua) -- International Monetary Fund (IMF) Managing Director Kristalina Georgieva said Monday that Gita Gopinath, IMF's first deputy managing director, would be leaving the fund at the end of August to return to Harvard University. Gopinath joined the IMF in January 2019 as chief economist -- the first woman to serve in that role -- and was promoted to first deputy managing director in January 2022. Gopinath, who had left Harvard University to join the IMF, will return to the university as a professor of economics in the department of economics. Calling Gopinath "an outstanding colleague -- an exceptional intellectual leader," Georgieva said that "her analytical rigor was paired with practical policy advice to the membership during an especially challenging period, which included the pandemic, wars, the cost-of-living crisis, and major shifts in the global trading system." A successor to Gopinath is expected to be named "in due course" by Georgieva, according to an IMF statement. Traditionally, European countries have selected the fund's managing director, while the U.S. Treasury Department has played a key role in recommending candidates for the position of first deputy managing director -- widely regarded as the number two position in the organization's leadership hierarchy.
IOL News
a day ago
- Business
- IOL News
Gita Gopinath bids farewell to IMF as she returns to academia
Gita Gopinath was the first female chief economist in the Intertational Monetary Fund history. Image: Supplied The International Monetary Fund (IMF) Managing Director, Kristalina Georgieva, has announced that Gita Gopinath, the current First Deputy Managing Director (FDMD), will be leaving the organisation at the end of August. After more than four years at the IMF, where she served as chief economist before her promotion to FDMD in January 2022, Gopinath is set to return to her academic roots as the inaugural Gregory and Ania Coffey Professor of Economics at Harvard University. Georgieva said Gopinath has been an outstanding colleague—an exceptional intellectual leader, dedicated to the mission and members of the Fund, and a fabulous manager, always showing genuine care for the professional standing and wellbeing of the IMF staff. "She came to the Fund as a highly respected academic in macroeconomics and international finance," Georgieva said. "Admiration for Gita only grew through her time at the Fund, where her analytical rigor was paired with practical policy advice to the membership during an especially challenging period, which included the pandemic, wars, the cost-of-living crisis, and major shifts in the global trading system." During her tenure, Gopinath was instrumental in steering the IMF's analytical and policy work, focusing on fiscal and monetary policy, debt management, and international trade during a time marked by uncertainty and complexity. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading Georgieva noted that Gopinath played a vital role in advising on critical country programs, particularly in Argentina and Ukraine, representing the Fund with integrity in influential international groups like the G7 and G20. Gopinath, who made history as the first female chief economist of the IMF, was commended for her dual ability to engage in rigorous analytical work while maintaining collaboration with her colleagues and staff. Under her stewardship, the World Economic Outlook remained the preeminent report on the global economy—an especially impressive achievement during the Covid-19 pandemic which presented an unprecedented challenge to our membership. Gopinath also spearheaded the Fund's work on the Integrated Policy Framework (IPF), which provides a robust analytical framework to help countries determine the appropriate policies for macroeconomic and financial stability. She also co-authored the Pandemic Plan on how to end the COVID19 crisis—a landmark intellectual contribution which has widely been hailed as filling an important global gap by setting targets to vaccinate the world at feasible cost As Gopinath prepares to return to academia, she expressed her gratitude for the opportunity to serve at the IMF during such a tumultuous period. "I am truly grateful for my time at the IMF, first as Chief Economist and then as First Deputy Managing Director. I have had the privilege of working closely with the IMF's brilliant and committed staff, colleagues in management, the Executive Board, and country authorities," she said. "I am especially thankful to Kristalina and her predecessor, Christine Lagarde, for the once-in-a-lifetime opportunity to serve the IMF's membership during a period of unprecedented challenges. I now return to my roots in academia, where I look forward to continuing to push the research frontier in international finance and macroeconomics to address global challenges, and to training the next generation of economists." The IMF said a successor to Gopinath will be named in due course by Georgieva. BUSINESS REPORT
NDTV
a day ago
- Business
- NDTV
Who Is Gita Gopinath, IMF's No 2 Economist Set To Return To Harvard
Indian-origin economist Gita Gopinath will step down as the First Deputy Managing Director of the International Monetary Fund (IMF) at the end of August. She will return to Harvard University as a professor of economics, the IMF said on Monday. Calling her stint at the IMF a "once in a lifetime opportunity," Ms Gopinath thanked IMF Managing Director Kristalina Georgieva and her predecessor, Christine Lagarde, who appointed her as chief economist. "I now return to my roots in academia," she said, "to continue pushing the research frontier in international finance and macroeconomics." Who Is Gita Gopinath? Gita Gopinath was born on December 8, 1971 in Kolkata, India, into a Malayali Hindu Nair family from Kannur, Kerala. She is related to the late communist party politician A K Gopalan. Ms Gopinath studied at Nirmala Convent School in Mysuru and earned her BA in Economics from Lady Shri Ram College in 1992, followed by an MA from the Delhi School of Economics in 1994. She received a second MA from the University of Washington in 1996 and completed her PhD in Economics at Princeton in 2001. In 2001, she joined the University of Chicago Booth School of Business as an assistant professor. In 2005, she moved to Harvard University's economics department, where she later became the John Zwanstra Professor of International Studies and Economics. Gita Gopinath became the first woman to serve as Chief Economist of the IMF in October 2018. During the COVID-19 crisis, she co-authored the Fund's "Pandemic Paper," which led to the formation of a Multilateral Task Force with the World Bank, WHO, and WTO. In June 2021, she joined the World Bank-IMF High-Level Advisory Group on Sustainable and Inclusive Recovery. The IMF promoted her to First Deputy Managing Director in December 2021. She also co-directed the International Finance and Macroeconomics Programme at NBER and advised the Federal Reserve Banks of Boston and New York. Ms Gopinath served as economic adviser to Kerala Chief Minister Pinarayi Vijayan. She was appointed to this honorary role in July 2016. Ms Gopinath is a naturalised American citizen and holds Overseas Citizen of India (OCI) status. She is married to Iqbal Singh Dhaliwal, a classmate from the Delhi School of Economics, and they have a son named Rohil, born in 2002.
