The next Fed chair may be one of the wealthiest men to ever hold the job.
Kevin Warsh, a financier and bank executive nominated by President Donald Trump to be Chairman of the Federal Reserve, is worth well over $100 million, according to a financial disclosure made public on Tuesday.
That would make him significantly wealthier than current chair Jerome Powell, who has previously been considered the wealthiest Fed chair since the 1940s.
The disclosures show that Warsh has earned $13.1 million in consulting fees from various investment firms since the beginning of 2025, including $10.2 million alone from Duquesne Family Office, the private investment firm of billionaire Stanley Druckenmiller.
He also made more than $1.5 million from 11 paid speeches from January to July 2025, mostly to financial institutions.
Warsh’s disclosures also list an investment in the prediction market platform Polymarket via an entity called “DCM Investments 10 LLC.”
It’s unclear how big Warsh’s investment in Polymarket is, but it’s likely not large: The LLC’s total value is listed as up to $500,000, and it includes investments in more than 250 other companies, including SpaceX.
Interestingly, much of Warsh’s investments remained undisclosed, due to apparent confidentiality agreements.
The disclosure lists two assets called “Juggernaut Fund, LP” that are each worth at least $50 million, along with roughly 60 assets associated with THSDFS LLC that are worth at least $22 million.
Accompanying each of those listings is a note: “Underlying assets are not disclosed due to pre-existing confidentiality agreements. I will divest this asset if confirmed.”
The disclosures also include some details about the personal finances of Warsh’s wife, Jane Lauder, a member of the billionaire family behind the cosmetics giant Estée Lauder.
Her investments include more than $1 million in two petcare companies and a series of municipal bonds across the United States. She is worth $1.9 billion, according to Forbes.
Warsh is set to receive a hearing in the Senate soon. But despite receiving a warm reception from GOP senators, and his previous tenure on the Federal Reserve Board of Governors from 2006 to 2011, he faces an uncertain path to becoming Fed chair.
That’s because 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 Powell.
Read the full article here
