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2026-04-15 10:13:07
[Financial Disclosures Show: Trump Nominates Fed Chair Kevin Warsh with Over $100 Million in Assets, Could Become the Richest Fed Chair] (1) Former Federal Reserve Governor Kevin Warsh has been nominated by Trump to be the Fed Chair. According to the latest financial disclosure documents, his reported assets far exceed $100 million. If confirmed, he will become the richest Fed Chair in history. The documents show that he has two investments of over $50 million each in Juggernaut Fund LP and received $10.2 million in consulting fees from Wall Street giant Stanley Druckenmiller. (2) Warsh also holds dozens of assets in areas such as artificial intelligence (some details are not disclosed) and has pledged to divest assets that do not comply with central bank ethical rules if confirmed. His spouse, Jane Lauder (Estée Lauder family), has a net worth estimated by Forbes to be about $1.9 billion, and related assets have also been included in the declaration. (3) Warsh's confirmation hearing is scheduled for April 21. However, Senator Thom Tillis vowed to block confirmation until the Justice Department completes its investigation into current Chairman Powell; Senator Elizabeth Warren called Warsh a "puppet of Trump" and opposed the hearing. If Warsh fails to confirm Powell before his term ends on May 15, Powell may continue to serve in an "interim" capacity.
