Kevin Warsh net worth: Kevin Warsh, Donald Trump’s nominee to be the next chair of the Federal Reserve, has a net worth of over $100 millon dollars and could become one of the wealthiest leaders in the Federal Reserve’s history if confirmed for the role.
Examining Kevin Warsh’s net worth.
Recent financial disclosures to the United States ahead of his confirmation hearing show Warsh with hundreds of investments and board roles that contribute to holdings valued between $135 million and $226 million.
Warsh’s biggest disclosed holding is more than $100 million invested across two positions in the Juggernaut Fund LP, a hedge fund linked to the Duquesne Family Office, the private investment firm of billionaire investor Stanley Druckenmiller, according to CBS News. Warsh also invested in several startups, including Hebbia, an AI research company.
Warsh’s financial disclosure also revealed that he has a lucrative consulting contract with Duquesne, earning $10.2 million last year in fees.
If he is confirmed to the Fed role, Warsh said he will end his consulting contract and divest several holdings, including his Juggernaut Fund investment.
Warsh faced tough questions about his financial disclosures at Tuesday’s Senate hearing as Democratic Senator Elizabeth ‌Warren argued that his financial disclosures do not comply with ethics rules due to undisclosed underlying assets.
“This hearing should not go forward, now, until these ​financial disclosures are resolved, until he is in compliance with ethics rules,” Warren, the ranking member on the Senate Banking Committee said.
“The whole point ​of the disclosure is not only to know about his entanglements and things, but to be able to check to see that they are unwound by the time he becomes a Fed governor,” Warren added. “The Fed has already suffered multiple ethics scandals because Fed governors have had conflicts of interest.”
Warsh has pledged to divest those holdings within 90 days of confirmation to meet federal requirements.
What is Kevin Warsh net worth?
Kevin Warsh has a net worth of between $135 million and $226 million, according to recent financial disclosures. If confirmed, he will be one of the wealthiest Fed Chairs in the agency’s history.
