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Former Federal Reserve governor Kevin Warsh’s latest financial disclosures show he has earned substantial income from consulting and paid speaking engagements since the beginning of 2025, alongside a range of investments that include a stake in the prediction market platform Polymarket.
The disclosures indicate Warsh has earned $13.1 million in consulting fees from various investment firms since the beginning of 2025. Of that total, $10.2 million came from Duquesne Family Office, the private investment firm of billionaire Stanley Druckenmiller.
Warsh also made more than $1.5 million from 11 paid speeches between January and July 2025, with the engagements largely directed at financial institutions.
The disclosures list an investment in Polymarket through an entity called “DCM Investments 10 LLC.” The exact size of the investment was not specified, but the LLC’s total value is listed as up to $500,000 and includes investments in more than 250 other companies, including SpaceX.
Some of Warsh’s investments remained undisclosed, reportedly due to confidentiality agreements.
The disclosure lists two assets, “Juggernaut Fund, LP,” each worth at least $50 million. It also lists roughly 60 assets associated with THSDFS LLC that are each worth at least $22 million.
For each of these listings, the disclosure includes the note: “Underlying assets are not disclosed due to pre-existing confidentiality agreements. I will divest this asset if confirmed.”
The disclosures include details about Warsh’s wife, Jane Lauder, a member of the billionaire family behind the cosmetics company Estée Lauder. Her investments include more than $1 million in two petcare companies and a series of municipal bonds across the United States.
Forbes estimates her net worth at $1.9 billion.
Warsh is expected to receive a Senate hearing soon. Despite a generally favorable reception from GOP senators and his prior service on the Federal Reserve Board of Governors from 2006 to 2011, his path to becoming Fed chair remains uncertain.
One GOP senator, Thom Tillis of North Carolina, has moved to block consideration of Warsh’s nomination until the Trump administration drops its probe into Federal Reserve Chair Jerome Powell.

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