Fed Chair Nominee Kevin Warsh Discloses Net Worth Exceeding $100 Million

Kevin Warsh, the nominee for Federal Reserve Chair, has filed financial disclosures showing a net worth of over $100 million. This figure substantially exceeds the minimum $19.5 million net worth reported by outgoing Chair Jerome Powell, whose portfolio is primarily concentrated in S&P 500 index funds and municipal bond mutual funds. The disclosures provide a window into Warsh's professional ties and investment strategy prior to his potential appointment in May. A significant portion of his wealth is tied to the Juggernaut Fund LP, a hedge fund associated with Stanley Druckenmiller’s Duquesne Family Office. Warsh also reported earning $10.2 million in consulting fees from the Duquesne Family Office over the last 12 months. Beyond hedge fund investments, Warsh's portfolio includes stakes in several startups, including the AI research firm Hebbia. Warsh, a former Fed official, has also held roles at the Hoover Institution and taught at Stanford Business School. He previously served as a partner at the Duquesne Family Office, where he managed investments for Druckenmiller. To avoid conflicts of interest upon confirmation, Warsh has committed to divesting several holdings, including his position in the Juggernaut Fund, and terminating his consulting relationship with Duquesne. Powell is scheduled to step down from his leadership role in May 2026.