Age, Biography and Wiki
Mark Carney was born on March 16, 1969, making him 56 years old as of 2025. He is a Canadian economist and banker, best known for his tenure as Governor of the Bank of England and the Bank of Canada. His biography is detailed on Wikipedia.
| Occupation | Prime Ministers |
|---|---|
| Date of Birth | 16 March 1965 |
| Age | 60 Years |
| Birth Place | Fort Smith, Northwest Territories, Canada |
| Horoscope | Pisces |
| Country | Canada |
Height, Weight & Measurements
There is limited publicly available information regarding Mark Carney's height and weight.
| Height | |
| Weight | |
| Body Measurements | |
| Eye Color | |
| Hair Color |
Dating & Relationship status
Mark Carney is married to Diana Fox, and they have four daughters together. There is no public information suggesting any change in his relationship status.
He is the son of Verlie Margaret (née Kemper), a stay-at-home mother, and Robert James Martin Carney, a high school principal and Professor of Educational Foundations at the University of Alberta. His father was the Liberal candidate for Edmonton South in the 1980 Canadian federal election, placing second. His mother returned to university to pursue a career in education when Carney was ten. Three of his four grandparents were Irish, from Aughagower in County Mayo.
Carney's younger brother Brian lives in Northern Ireland. His brother-in-law is the 3rd Baron Rotherwick, to whom his wife's sister is married. He is also godfather to the son of fellow politician Chrystia Freeland, who nevertheless ran against him in the 2025 Liberal Party leadership election.
Carney has distant relatives in Liverpool and is a supporter of the city's football team Everton FC, though his wife supports Arsenal FC. He is also a supporter of the Edmonton Oilers and the Edmonton Elks. He completed the 2015 London Marathon in 3 hours, 31 minutes, and 22 seconds, marking a 17-minute improvement on his time at the 2011 Ottawa Marathon.
| Parents | |
| Husband | Diana Fox (m. July 1994) |
| Sibling | |
| Children |
Net Worth and Salary
As of 2025, Mark Carney's net worth is estimated to be approximately $6.97 million. His wealth is primarily derived from his extensive career in finance, including roles at Goldman Sachs and Brookfield Asset Management, as well as his position as a chairman at Bloomberg L.P.'s board of directors.
From November 2004 to October 2007, Carney was the senior associate deputy minister and G7 deputy in the Department of Finance Canada. He served under two finance ministers: Ralph Goodale, a Liberal; and Jim Flaherty, a Conservative. During this time, Carney oversaw the Government of Canada's controversial plan to tax income trusts at source. Carney was also the lead on the federal government's profitable sale of its 19 per cent stake in Petro-Canada.
On November 26, 2012, Chancellor of the Exchequer George Osborne announced the appointment of Carney as Governor of the Bank of England. He succeeded Sir Mervyn King on July 1, 2013. He was the first non-Briton to be appointed to the role since the Bank of England was established in 1694. The Bank of England was given additional powers from 2013, such as the ability to set bank capital requirements. Although the usual term for governor is eight years, Carney indicated that he only intended to serve for five years and stand down in 2018. Before taking up the post, Carney had already indicated disagreement with the Bank of England's Executive Director of Financial Stability Andy Haldane, specifically on leverage ratios and bank break-ups. He has been quoted as saying that Haldane does not have a "proper understanding of the facts" on bank regulation. He was thought to have been offered a total pay package of about £624,000 (US$844,000) per year, approximately £100,000 (US$135,000) more per year than his predecessor.
In October 2023, he endorsed the UK Labour Party's Shadow Chancellor Rachel Reeves to be the next chancellor of the exchequer in a video following Reeves' speech at the Labour Party conference that year. Following Labour's victory in the 2024 election, Carney was part of a taskforce which saw the creation of a British National Wealth Fund.
In 2011, Carney referred to the Occupy Wall Street protests as "entirely constructive", citing frustrations being felt "particularly in the United States" over inequality and increasing CEO–worker pay gaps. In December 2016, Carney warned of the societal risk of "staggering wealth inequalities" in a Roscoe Lecture at Liverpool John Moores University: "The proportion of the wealth held by the richest 1% of Americans increased from 25% in 1990 to 40% in 2012 ... Globally, the share of wealth held by the richest 1% in the world rose from one-third in 2000 to one-half in 2010."
Career, Business and Investments
Mark Carney's career in finance spans several decades:
- Goldman Sachs: He spent 13 years here, rising to roles such as co-head of sovereign risk and managing director of investment banking. His tenure included navigating complex financial landscapes, such as Russia's 1998 financial crisis and South Africa's post-apartheid bond market entry.
- Central Banking: He served as Governor of the Bank of Canada and later as Governor of the Bank of England. During his tenure at the Bank of Canada, he played a crucial role in helping Canada recover from the 2008 financial crisis.
- Brookfield Asset Management and Bloomberg L.P.: He held positions at these companies, further expanding his financial portfolio.
He graduated with a bachelor's degree in economics from Harvard University in 1987 before studying at the University of Oxford, where he earned a master's degree in economics in 1993 and a doctorate in economics in 1995. He then held a number of roles at the investment bank Goldman Sachs, before joining the Bank of Canada as a deputy governor in 2003. In 2004, he was named as a senior associate deputy minister for the Department of Finance Canada. Carney served as the eighth Governor of the Bank of Canada from 2008 to 2013, where he was responsible for Canadian monetary policy during the global financial crisis. During this time, he was also appointed as the second Chair of the Financial Stability Board, a position he held for two terms from 2011 to 2018. Following his term as Governor of the Bank of Canada, he was appointed as the 120th Governor of the Bank of England, serving from 2013 to 2020, where he led the British central bank's response to Brexit and the early phase of the COVID pandemic.
After leaving central banking, Carney held a number of roles in the private and public sectors, including being chair of Bloomberg L.P. and chair and head of impact investing at Brookfield Asset Management. In December 2019, United Nations Secretary-General António Guterres appointed Carney to be his Special Envoy on Climate Action and Finance. Carney also worked as one of several informal advisors to Canadian Prime Minister Justin Trudeau during the COVID pandemic and was appointed chair of the Liberal Party's economic growth task force by Trudeau in September 2024. In 2023, Carney became co-chair of the World Bank's private sector investment lab.
In October 2007, Carney was appointed Governor of the Bank of Canada. He immediately left his position at the Department of Finance to become an advisor to the outgoing governor, David Dodge, before formally assuming Dodge's position on February 1, 2008. Carney was selected over Paul Jenkins, the senior deputy governor, who had been considered the front-runner to succeed Dodge.
In October 2020, Carney was vice chairman at Brookfield Asset Management (BAM), where he led the firm's environmental, social and governance (ESG) and impact fund investment strategy. In February 2021, Carney retracted an earlier claim that the US$600billion Brookfield Asset Management portfolio was carbon neutral. He had based his claim on the fact that Brookfield has a large renewable energy portfolio and "all the avoided emissions that come with that". The claim was criticized as accounting tricks because avoided emissions do not counteract the emissions from investments in coal and other fossil fuels responsible for Brookfield's carbon footprint of about 5,200 metric tons of carbon dioxide.
In February 2021, Carney joined the board of fintech company Stripe. Carney helped launch the Glasgow Financial Alliance for Net Zero (GFANZ) at COP26 in Glasgow in November 2021. He acts as the group's co-chair. From 2022 to January 2025, Carney has also been an advisor to Watershed, a climate tech company founded by Stripe alumni that proposes to be "the platform companies need to succeed in the climate economy". In August 2023, Carney was named by Michael Bloomberg as chair of the new board of directors for Bloomberg L.P. as part of a broader reshuffle of the company's leadership.
In September 2024, Carney became a special adviser and chair of the Liberal task force on economic growth. Shortly after the appointment, it was revealed Brookfield Asset Management had solicited the federal government for CA$10billion in funds as part of $50 billion Canada-only asset fund. Carney did not need to follow standard ethical disclosures mandatory for prime ministerial advisors because he was employed by the Liberal Party rather than the Prime Minister's Office.
As he prepared to step down as governor of the Bank of England, Carney was appointed as United Nations special envoy for climate action and finance in March 2020. In January 2020, UK Prime Minister Boris Johnson appointed Carney to the position of finance advisor for the UK presidency of the COP26 United Nations Climate Change conference in Glasgow. At that time the conference was scheduled for November 2020, but it was later postponed to November 2021.
After becoming Prime Minister, Carney reversed the Trudeau government's capital gains tax increase and promised to implement a middle class tax cut and a new approach to federal budgeting that would save tax-payers money if appointed as prime minister.
In a January 2025 interview with Jon Stewart, Carney attributed much of Canada's emissions to the oil industry, which he argued must become cleaner rather than ordinary Canadians changing their lifestyles. During his Liberal leadership campaign, Carney proposed replacing the existing consumer carbon tax with an incentive program to reward green choices, while keeping tax on large industrial emitters. He also promised to introduce a "carbon border-adjustment" to penalize high-polluting foreign imports.
Social Network
Mark Carney is not known for having a strong personal presence on social media platforms. His public engagement is largely through official capacities.
Carney spent thirteen years at Goldman Sachs and worked in their Boston, London, New York City, Tokyo, and Toronto offices. His progressively more senior positions included co-head of sovereign risk, executive director for emerging debt capital markets, and managing director for investment banking. He worked on South Africa's post-apartheid venture into international bond markets, and was involved in Goldman's work with the 1998 Russian financial crisis.
The three-year term was a part-time commitment, allowing Carney to complete his term at the Bank of Canada. While there had been no indication of his priorities as chairman, on the day of his appointment the Board published a list of 29 banks that were considered sufficiently large as to pose a risk to the global economy should they fail. At his first press conference as Chairman of the FSB in January 2012, Carney laid out his key priorities for the board. Carney's term ended in 2018, while he was in his next post at the Bank of England.
Shortly before Carney took up the post, the Bank of England took up financial regulation duties from the Financial Services Authority. Carney's changes to the Bank's operating procedures helped modernize the institution by making much more media appearances than predecessors, including controversial announcements during two referendums. Carney implemented a policy called "forward guidance" in which the Bank would not raise interest rates if unemployment was above 7% to try and encourage business lending. This policy, which contained many conditions, or, "caveats", would later be considered confusing and complicated.
On August 23, 2019, Carney delivered a speech at the Federal Reserve Bank of Kansas City's 2019 annual Jackson Hole Economic Symposium entitled "The Growing Challenges for Monetary Policy in the current International Monetary and Financial System". Carney said that the "widespread use of the US dollar"—the dominant currency pricing—"in trade invoicing, in place of the currency of either the producer or the importer", has had a "destablilizing" effect on the global economy. About 50 per cent of international trade relies on the US dollar as the "currency of choice". This represents "five times greater than the US's share in world goods imports, and three times its share in world exports". Dominant currency pricing is not problematic when there is "synchronized growth" globally, Carney said. When "the tide is rising in America while receding elsewhere", the system needs to be revamped. Carney cited an article by Markus Brunnermeier, Harold James, and Jean-Pierre Landau on the potential role of digital currency area (DCA) in redefining the international monetary system. Speaking just hours after US President Donald Trump posted a tweet blaming Federal Reserve Chairman Jerome Powell's policies for creating fears of an economic recession and threatening China with more retaliatory tariffs, Carney urged central banks to collaborate in replacing the US dollar as reserve currency. He cautioned against choosing another new hegemonic reserve currency like the renminbi and suggested instead, a "new Synthetic Hegemonic Currency" (SHC), such as Libra, which could potentially be provided "through a network of central bank digital currencies", that would decrease the US dollar's "domineering influence" on trade worldwide.
Carney published the book Value(s) Building a Better World for All in 2021. It was positively reviewed by John Ivison for the National Post and by Will Hutton for The Guardian but panned by Philip Aldrick for The Times. Carney's next book, The Hinge: Time to Build an Even Better Canada, is expected to be released on July 1, 2025, after initially being slated for a May 13 release (according to the U.S. Amazon website).
Education
Mark Carney holds a Bachelor's degree from Harvard University and a PhD from Oxford University. His academic background laid the foundation for his illustrious career in finance.
Carney graduated in the class of 1983 from St. Francis Xavier High School, Edmonton, Alberta. From there, he went on to study at Harvard University with a partial scholarship and financial aid. During his Harvard years, he was backup goalie for the varsity ice hockey team and was a roommate of future NHL general manager Peter Chiarelli and former ice hockey player Mark Benning. He lived at Winthrop House, and graduated in 1987 with a bachelor's degree in economics magna cum laude.
After Harvard, he travelled to Europe to study at the University of Oxford. There he undertook postgraduate studies at St Peter's College and Nuffield College, where he received Master of Philosophy (MPhil) and Doctor of Philosophy (DPhil) degrees in economics in 1993 and 1995, respectively. His master's thesis was titled "Competitive advantage and the advantage of competition: a theoretical analysis of national champions, learning-by-doing and spillovers", and his doctoral thesis was titled "The dynamic advantage of competition". His doctoral advisor was Margaret Meyer. While at Oxford, he was co-captain of the Oxford University Ice Hockey Club alongside fellow Canadian David Lametti.
In 2021, he was elected to Harvard University's Board of Overseers through to 2027. He resigned in early 2025, around the time he assumed leadership of the Liberal Party.
On March 14, 2025, five days after winning the leadership election, Carney was sworn in as the 24th prime minister of Canada, along with the 30th Canadian Ministry. Upon taking the oath of office, he became the first Canadian prime minister born in any of its territories (as opposed to provinces) and the third born west of Ontario (after Joe Clark and Kim Campbell). He is the second prime minister to have earned a PhD, after William Lyon Mackenzie King. Additionally, he is the first to have never served in prior elected office, and the first since John Turner not to be sitting in the House of Commons at time of appointment. In his first act as prime minister, Carney signed a prime ministerial directive to end the consumer carbon tax by April 1, while ensuring that April's carbon rebate continues. The directive was affirmed by an order in council signed by Governor General Mary Simon. Carney's first foreign visits were to France and the United Kingdom on March 17 to strengthen mutual security and sovereignty. During the latter visit Carney met with King Charles III for the first time as prime minister.
In February 2019, speaking about the global economy, Carney provided a less negative perspective on Brexit, stating that globalization has resulted in "imbalances of democracy and sovereignty", and that Brexit "is the first test of a new global order and could prove the acid test of whether a way can be found to broaden the benefits of openness while enhancing democratic accountability".
Carney met British economist Diana Fox, who is also active in various environmental and social justice causes, while studying at the University of Oxford. They were married in July 1994 while he was finishing his doctoral thesis. They have four children and lived in Toronto before moving to the Rockcliffe Park neighbourhood of Ottawa and then moving to London in 2013. They moved back to Ottawa when Carney left his role at the Bank of England in 2020.
