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Former Federal Reserve Governor Kevin Warsh, President Donald Trump’s nominee to succeed Chair Jerome Powell when Powell’s term ends in May, is reported to own more than $130 million in assets, according to newly published financial records. The Senate Banking Committee is expected to hold a confirmation hearing on April 21.
The records say Warsh and his wife, Jane Lauder, own about $192 million in assets, with figures that could be higher. Warsh’s individually titled assets are estimated between $135 million and $226 million.
Under federal requirements, a Fed chair nominee must disclose assets to the Senate, but exact figures are not always required. Warsh’s filings list two funds valued at more than $50 million, while Lauder holds several funds above $1 million.
Warsh’s records also show $10 million in income from advising investor Stanley Druckenmiller. He has described the role as his main occupation. In addition, the filings indicate he earned about $3 million over the past year from positions at various Wall Street firms and at Stanford University.
The records list about 1,800 individual assets, many of which are designated as unvested. The filing also notes security obligations that do not require him to disclose asset sources. Warsh commits in the filing to divest these assets if he is approved.
Warsh’s disclosures include dozens of investments in companies with undisclosed values, including Polymarket, SpaceX, and several crypto-related firms. The records also indicate he participated in a venture fund for Druckenmiller.
In addition, Warsh says he will resign from the boards of UPS and Coupang, Korea’s largest online retailer. He will also relinquish positions at Stanford University and other organizations.
The records suggest Warsh is wealthier than Powell, who was once regarded as the wealthiest Fed chair in history when confirmed in 2018. Powell’s latest 2025 records show assets of roughly $19 million to $75 million.
The filings also note that not all former Fed chairs are wealthy. When Ben Bernanke left the Fed in 2014, records showed his assets peaked at around $2.3 million, mainly in retirement accounts.
It remains unclear how the Senate will vote on Warsh’s confirmation. Senator Thom Tillis said he will block confirmation until a federal criminal investigation related to Powell is resolved. Tillis is a member of the Senate Banking Committee.
Hà Thu (via CNBC).

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