How Rich Is Federal Reserve Chair Nominee Kevin Warsh?

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4.4 • 18 Ratings

🗓️ 23 April 2026

⏱️ 8 minutes

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Summary

Kevin Warsh, President Donald Trump’s pick for Federal Reserve chair, faced the Senate Banking Committee at a confirmation hearing Tuesday morning. While he addressed Senate Democrats’ concerns over Fed independence and pressure from the president, Warsh largely avoided discussing details about his fortune. Senator Elizabeth Warren had already taken particular issue with Warsh’s vague financial disclosure. In addition to accusing Warsh of mishandling the 2008 financial crisis while he was a Fed governor from 2006 to 2011 and calling him “[President Trump’s] chosen sock puppet,” Warren criticized Warsh’s disclosure for its “failure to disclose the full extent of his assets,” which in turn poses immediate issues. “One or more of his dozens of funds and entities could hold stock in a prohibited financial institution, and the public would never know,” stated an April 15 report by Warren’s Senate Committee on Banking, Housing and Urban Affairs. At yesterday’s hearing, Warren continued to press Warsh—whose father-in-law is Trump’s billionaire pal Ronald Lauder—asking whether his Juggernaut Fund L.P. invested in Chinese-controlled firms or any companies affiliated with President Trump and his family or with Jeffrey Epstein. Warsh simply responded that “those assets will be sold” if he’s confirmed. In his financial disclosure filed on April 10, he had written that the assets weren’t disclosed “due to pre-existing confidentiality agreements.” By Giacomo Tognini, Deputy Editor Simone Melvin, Forbes Staff Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:53.7	Today on Forbes,
0:55.9	How Rich is Federal Reserve Chair nominee Kevin Warsh.
1:01.2	Kevin Warsh, President Donald Trump's pick for Federal Reserve Chair,
1:05.7	faced the Senate Banking Committee at a confirmation hearing Tuesday morning.
1:09.9	While he addressed Senate Democrats' concerns
1:12.1	over Fed independence and pressure from the president, Warsh largely avoided discussing
1:17.2	details about his fortune. Senator Elizabeth Warren had already taken particular issue with
1:23.5	Warsh's vague financial disclosure. In addition to accusing Warsh of mish handling the 2008 financial crisis while he was a Fed
1:31.5	governor from 2006 to 2011, and calling him, quote, President Trump's chosen sock puppet,
1:38.4	Warren criticized Warsh's disclosure for its, quote, failure to disclose the full extent of his assets.
1:45.7	In April 15th report by Warren's Senate Committee on Banking, Housing, and Urban Affairs,
1:50.7	stated, quote, one or more of his dozens of funds and entities could hold stock in a
1:56.2	prohibited financial institution, and the public would never know.
2:00.7	At Tuesday's hearing, Warren continued to press Warsh, whose father-in-laws Trump's billionaire pal
2:07.0	Ronald Louder, asking whether Warsh's juggernaut fund LP invested in Chinese-controlled firms
	...

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