Trump’s Fed Nominee Warsh Holds $100M+ Portfolio, Pledges Divestment
Trump's Fed chair nominee Kevin Warsh reported over $100 million in personal assets, including stakes in SpaceX and crypto platforms, alongside his wife Jane Lauder's estimated $2.7 billion fortune. Warsh has pledged divestiture of confidential holdings and will face a Senate Banking hearing next week, pending a DOJ probe resolution.
1. Nomination Details
Kevin Warsh, a former Morgan Stanley banker and ex-Fed governor, was selected by President Trump in late January as his candidate for Federal Reserve chair after a months-long process that resembled a high-stakes recruitment exercise.
2. Wealth Breakdown
Financial disclosures reveal Warsh’s personal holdings exceed $100 million, including advisory fees from the Duquesne family office and stakes in SpaceX, crypto trading platforms and funds, while his wife Jane Lauder’s assets total approximately $2.7 billion.
3. Confirmation Process
A Senate Banking Committee hearing is scheduled next week, but progress could stall until a Justice Department probe into current Fed Chair Jerome Powell concludes, with Senators Thom Tillis and Tim Scott playing key roles in the timing.