David Malpass

Date of Birth: March 8, 1956

Zodiac Sign: Pisces

Biography

David Robert Malpass is an American economist and former government official who served as the President of the World Bank Group from April 2019 to June 2023. Born in Petoskey, Michigan, Malpass has had a distinguished career marked by his contributions to both the private and public sectors. He graduated from Colorado College with a B.A. in physics and went on to earn an MBA from the University of Denver. Malpass began his career in economic research at the U.S. Treasury Department during the Reagan administration. He later served as Deputy Assistant Secretary of State under President George H.W. Bush. In addition to his government service, Malpass has had a significant career in the financial services industry. He was the Chief Economist at Bear Stearns from 1993 until its collapse in 2008. Following this, he founded Encima Global, an economic research and consulting firm. Known for his conservative economic views, Malpass has been a vocal critic of large government spending and high taxes. Malpass was nominated by President Donald Trump to lead the World Bank, where he focused on issues such as global poverty reduction, economic development, and the institution’s financial stability. His tenure saw efforts to streamline the organization’s operations and improve its efficiency.

5 Interesting Facts about David Malpass

1. David Malpass was a senior economic advisor for Donald Trump’s 2016 presidential campaign.

2. He has been a vocal critic of both the Federal Reserve’s policies and expansive government fiscal policies.

3. Malpass speaks multiple languages, including Spanish and French, which aided his international economic negotiations.

4. He has testified before Congress on economic issues more than 75 times.

5. Malpass has contributed articles to numerous publications, including The Wall Street Journal and The New York Times.

5 Most Interesting Quotes from David Malpass

1. “Economic growth is the key to reducing poverty and increasing prosperity.”

2. “The private sector is the engine of economic development.”

3. “We need policies that promote investment and job creation.”

4. “Fiscal discipline and monetary stability are essential for economic health.”

5. “The World Bank must focus on its core mission of poverty reduction and economic development.”

Highest Net Worth Achieved

At the peak of his career, David Malpass’s net worth was estimated to be around $5 million.

Children

David Malpass and his wife, Adele Malpass, have four children. Their family has been involved in various philanthropic activities, focusing on education and community development.