Kevin Warsh could become the wealthiest Federal Reserve chairman in history, according to financial disclosures he filed as he heads toward a nomination hearing in the Senate.
President Trump’s pick to lead the Fed has holdings worth well over $100 million, according to the filings. His wife, billionaire Estee Lauder heiress Jane Lauder, has hundreds of millions in assets of her own, according to the documents.
The filings place Warsh’s own assets in the range of $131 million to $209 million. Precise figures were not available since the documents include open-ended categories, Reuters noted — two of his investments were simply listed as being worth over $50 million each, for instance.
Jerome Powell was previously considered the richest person to lead the US central bank, with wealth between $19 million and $75 million as of 2025, according to his most recent filings. He built much of his wealth working as a partner at the Carlyle Group, one of the world’s largest private equity firms.
Warsh’s nomination hearing was initially slated for this Thursday but got delayed while the Senate Banking Committee waited on his paperwork, The Post reported last week.
The hearing has been rescheduled for next week, according to Sen. Tim Scott of South Carolina, the top Republican on the Senate Banking Committee.
“Next week we’ll have a hearing with Kevin Warsh with him being present,” the pol told Fox Business on Tuesday morning. “We’ll talk through the economy, talk through price stability and inflation. We’ll talk about the independence of the Fed.”
Warsh’s financial disclosures included $10 million in income from his work at investor Stanley Druckenmiller’s family office – which he has jokingly called his “day job” – and $3 million from his work at Stanford University’s Hoover Institution, a conservative think tank.
The Fed nominee holds roughly 1,800 individual assets, though many are subject to “pre-existing confidentiality obligations” that prevented him from providing specifics. Warsh has vowed to divest those assets if confirmed as Fed chairman.
Warsh said he will also resign from his other jobs and exit his board seats at UPS and Coupang, a South Korean retailer, if confirmed.
His wife – who is worth $1.9 billion, according to Forbes – currently sits on the board of Estee Lauder, the cosmetics giant founded by her grandmother that owns brands like Bobbi Brown, Clinique and MAC Cosmetics.
Tens of millions of assets in Lauder’s name are included in Warsh’s financial disclosures, though many are vaguely listed as “over $1,000,000.”
His vast wealth is a departure from past Fed chairs like Ben Bernanke, who was chairman during Warsh’s stint as a Fed governor from 2006 to 2011.
When he stepped down as chairman in 2014, Bernanke’s filings showed assets of roughly $2.3 million, mostly set aside in retirement funds.
The filing pushes Warsh one step closer to a nomination in the Senate.
But he is still facing some roadblocks as Banking Commmittee member Sen. Thom Tillis (R-NC) has vowed to block any of Trump’s nominees to lead the Fed until the government’s criminal probe into Powell is ended.
Earlier this month, a US district judge rejected the Trump administration’s request to reconsider the legality of two subpoenas targeting Powell, arguing they were politically motivated after months of Trump pressuring Powell to slash interest rates faster.
US Attorney Jeanine Pirro pledged to appeal the decision.
Trump announced Warsh as his pick to lead the Fed in January, after months of bashing Powell as “stupid” and “hardheaded.”
Though Warsh has told Trump he favors lower interest rates, the former Fed governor pushed for higher rates during his term and is widely viewed as an inflation hawk.
At the Fed’s meeting in March, Powell said he will stay on as “chairman pro tem” if a successor is not confirmed by May 15, adding that it’s “what the law calls for.”
He also said he plans to remain on the board at least until the investigation is over. He could serve as a governor through 2028.
Credit: Source link
