Kevin Warsh, former governor of the US Federal Reserve, speaks with CNBC on July 17, 2025.
CNBC
Kevin Warsh’s wealth eclipses that of all latest Federal Reserve chairs, newly launched monetary disclosure varieties present.
Warsh is President Donald Trump’s nominee to succeed Federal Reserve Chair Jerome Powell. His monetary filings present that Warsh has holdings of roughly $131 million to $209 million, plus a whole bunch of thousands and thousands in further property held by his spouse, Jane Lauder.
That would make Warsh considerably richer than Powell, who, on the time of his 2018 affirmation, was regarded as the wealthiest Fed chair in historical past. Powell’s most up-to-date submitting, for 2025, reveals wealth between $19 million and $75 million.
Warsh additionally disclosed $10 million in earnings from his work as an advisor to investor Stanley Druckenmiller, which Warsh has jokingly referred to as his “day job.” He earned some $3 million in further earnings from work at Stanford University, the place he’s a fellow on the conservative Hoover Institution, and for a handful of Wall Street corporations.
Warsh’s filings detail roughly 1,800 particular person property. Many particular person objects are recognized as being topic to “pre-existing confidentiality obligations” that forestall him from specifying the underlying property.
Warsh within the filings pledges to divest these property if confirmed.
His filings additionally point out he’ll resign from board seats at UPS and South Korean retail big Coupang, in addition to his different jobs.
Lauder sits on the board of Estee Lauder, the cosmetics agency based by her grandmother. Warsh’s filings detail tens of thousands and thousands of property in her identify, however many are listed as merely “over $1,000,000.” Forbes estimates her wealth at $1.9 billion.
Not all previous Fed chairs have been vastly rich. Earlier in his profession, Warsh served a time period as a Fed governor beneath then-Chair Ben Bernanke. When Bernanke stepped down from the Fed in 2014, his filings listed property of, at most, $2.3 million — largely in retirement funds.
Warsh declined to remark.
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