The Federal Reserve may soon have its first $100 million man.
Kevin Warsh, the nominee for next Fed chair whose initial Senate confirmation hearing is scheduled for April 21, disclosed assets valued between $135 million and $226 million, according to a CNBC analysis of a required financial filing released this week.
That doesn’t include the substantial assets of his wife, Jane Lauder, who holds an executive role at Estée Lauder, the famed cosmetics firm founded by her grandparents.
By comparison, current Fed Chairman Jerome Powell disclosed assets in the range of $19 million to $75 million in 2025.
The financial disclosure report indicates that Warsh, a Wall Street veteran who served on the Fed’s board from 2006 to 2011, will divest a substantial portion of his assets if confirmed as Fed chair.
Warsh, who was tapped by President Donald Trump for the top central banker job on Jan. 30, has had his confirmation process delayed by a blockade from Sen. Thom Tillis, R-N.C., who wants to see a legal matter involving Powell be fully resolved before proceeding.
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Tillis told CNN on Tuesday that despite supporting Warsh’s Fed chair credentials, he’s “still a hard no” on his vote until the Powell matter has run its course.
Powell disclosed in January that the Fed had been subpoenaed by the Department of Justice, raising the threat of a criminal indictment related to alleged misstatements he made during Senate testimony the prior year. Powell claimed he and the central bank were being targeted by the Trump administration for “setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the president.”
A federal judge has since quashed the subpoenas and denied their revival, though U.S. Attorney Jeanine Pirro has vowed to appeal the ruling.
In a statement released Tuesday, Sen. Elizabeth Warren, D-Mass., declared that “there should be no hearing or vote in the Senate on Kevin Warsh’s nomination while the President continues his attempt to take over the Fed.”
But Sen. Tim Scott, R-S.C., who chairs the Senate Banking Committee, told Fox Business on Tuesday that he’s confident the Department of Justice will wrap up the Powell probe “in the next several weeks and Thom Tillis will be a yes on Kevin Warsh.”



