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Former US Federal Reserve Governor Kevin Wersh speaks to CNBC on July 17, 2025.<\/p>\n
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Recently released financial disclosure forms show that Kevin Wersh’s wealth has surpassed that of all recent Federal Reserve chairmen.<\/p>\n
Warsh is President Donald Trump’s nominee to replace Federal Reserve Chairman Jerome Powell. His financial filings show that Warsh has a stake of approximately $131 million to $209 million, with his wife, Jane Lauder, having hundreds of millions in additional assets. <\/p>\n
That would make Wersch significantly wealthier than Powell, who was considered the richest Fed chair in history at the time of his 2018 confirmation. Powell’s most recent filing for 2025 shows assets between $19 million and $75 million.<\/p>\n
Warsh also disclosed $10 million in income from his work as an advisor to investor Stanley Druckenmiller, which Warsh has jokingly called his “day job”. He earned about $3 million in additional income from work at Stanford University, where he is a fellow at the conservative Hoover Institution, and work for some Wall Street firms.<\/p>\n
Warsh’s filing details approximately 1,800 individual assets. Many individual commodities are considered subject to “pre-existing confidentiality obligations” that prevent them from being assigned to the underlying assets. <\/p>\n
In the filing, Warsh promised to sell these assets if confirmed. <\/p>\n
His filing also indicates he will resign his board seats Above