Newly disclosed financial records reveal that Kevin Warsh, a candidate for Federal Reserve Chair, holds personal assets valued at a minimum of $100 million. Warsh has committed to divesting certain assets should he receive Senate confirmation. The filing also discloses substantial additional assets held by his wife, Jane Lauder.

Warsh's wealth significantly surpasses that of current Fed Chair Jerome Powell. Upon his confirmation in 2018, Powell was considered the wealthiest individual to hold the position. Powell's most recent financial disclosure for 2025 shows assets valued between $19 million and $75 million.

The financial disclosure indicates that Warsh's personal assets are estimated to be between $131 million and $209 million. Furthermore, his wife, Jane Lauder, holds hundreds of millions of dollars in additional assets. Warsh also reported receiving $10 million in advisory income from investor Stanley Druckenmiller, which he lightheartedly referred to as his "day job." He received an additional approximately $3 million from Stanford University, where he is a fellow at the conservative Hoover Institution, and from a small number of Wall Street firms.

Warsh's filing details roughly 1,800 individual assets. Many of these are noted as being subject to "pre-existing confidentiality obligations," preventing him from disclosing the underlying assets. Warsh has pledged in the document to divest these holdings if confirmed. The filing also states he will resign from his board positions at United Parcel Service (UPS) and the South Korean retail giant Coupang, and will relinquish other related roles.

Jane Lauder serves on the board of the cosmetics company Estée Lauder, founded by her grandmother. Warsh's filing discloses tens of millions of dollars in assets held in his wife's name, though many are simply listed as "over $1 million." Forbes estimates his wife's net worth at $1.9 billion.

Not all former Fed Chairs have possessed such wealth. Warsh served as a Fed Governor early in his career under then-Chair Ben Bernanke. When Bernanke left his post in 2014, his financial disclosure showed maximum assets of $2.3 million, primarily from retirement funds.

Submitting the financial disclosure brings Warsh a step closer to his Senate confirmation hearing. A hearing originally scheduled for this week was postponed due to delays in the document submission process and may now occur as early as next week. However, the path to a full Senate vote remains uncertain. Republican Senator Thom Tillis of North Carolina, who is also a member of the Senate Banking Committee, has stated he will block a final vote on Warsh until a federal criminal investigation into Powell is concluded. Warsh declined to comment.