Former US Federal Reserve Governor Kevin Wersh speaks to CNBC on July 17, 2025.
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Recently released financial disclosure forms show that Kevin Wersh’s wealth has surpassed that of all recent Federal Reserve chairmen.
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.
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.
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.
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.
In the filing, Warsh promised to sell these assets if confirmed.
His filing also indicates he will resign his board seats Above and South Korean retail giant CoupangAs well as his other jobs.
Lauder sits on the board of Estée Lauder, the cosmetics company founded by her grandmother. Warsh’s filings detail assets worth millions in his name, but many are listed only as “over $1,000,000.” Forbes has estimated his wealth at $1.9 billion.
Not all previous Fed chairmen have been extremely wealthy. Earlier in his career, Wersh served a term as a Fed governor under then Chairman Ben Bernanke. When Bernanke resigned from the Fed in 2014, his filings listed a maximum of $2.3 million in assets – mostly in retirement funds.
The filing of his financial disclosures brings Warsh one step closer to a Senate hearing. Earlier plans to hold the hearing this week had to be delayed due to paperwork delays. The hearing will take place as soon as next week.
However, Warsh’s path to a full Senate vote is still unclear. Sen. Thom Tillis, R.-N.C., has said he will withhold final approval of Warsh’s candidacy until the federal criminal investigation into Powell is resolved. Tillis is also a member of the Senate Banking Committee.
Warsh declined to comment.