According to recently released financial records, Kevin Warsh owns more than 130 million USD – far exceeding the assets of recent Fed Presidents.
Former Governor of the US Federal Reserve (Fed) Kevin Warsh is the candidate nominated by US President Donald Trump to succeed Chairman Jerome Powell, after his term ends in May. The Senate Banking Committee is scheduled to hold a confirmation hearing on April 21.
Financial records show that Warsh and his wife, Jane Lauder, hold about $192 million, and possibly much more. His assets in his own name are estimated at about 135-226 million USD.
According to regulations, candidates for Fed Chairman must disclose their assets to the Senate, but an exact number is not required. Warsh’s filing lists two funds with values above $50 million. Lauder also holds several funds over $1 million.
Mr. Kevin Warsh at an event in New York on May 8, 2017. Image: Reuters
Warsh married Lauder in 2002. She is a member of the board of directors of cosmetics company Estée Lauder. Forbes estimates her assets at about $1.9 billion.
Records show that Warsh is significantly richer than Powell – who was considered the richest Chairman in Fed history when he was confirmed in 2018. Powell’s most recent 2025 records show that his assets are about 19-75 million USD.
Warsh also declared $10 million in income from his role as an advisor to investor Stanley Druckenmiller. This is the job he often jokingly calls his “main job”. Over the past year, he earned about $3 million more from jobs at several Wall Street firms and at Stanford University.
Warsh’s records list about 1,800 individual properties. Many items were identified as “existing security obligations”, preventing him from having to clearly state the origin of assets. In the filing, Warsh pledged to divest these assets if approved.
However, the path for him to be voted on by the Senate is still unclear. Senator Thom Tillis has so far said he will block approval of Warsh until the federal criminal investigation involving Mr. Powell is resolved. Tillis is also a member of the Senate Banking Committee.
Warsh’s filing also lists dozens of investments in companies, with undisclosed values, including Polymarket, SpaceX and several cryptocurrency-related companies. Warsh said he was part of a venture capital fund for Druckenmiller.
The filing also shows that Warsh will leave the boards of directors of UPS and Coupang – Korea’s largest online retail company. He will also give up positions at Stanford and other institutions.
Not all former Fed chairs are rich. Previously, Warsh served as Fed governor under Chairman Ben Bernanke. When Bernanke left the Fed in 2014, his filings showed his maximum assets were only about $2.3 million – mostly in pension funds.