Kevin Warsh, President Donald Trump's nominee to chair the Federal Reserve, disclosed assets valued between $131 million and $209 million in a 69-page financial filing submitted to the Office of Government Ethics on Monday. The document marks a key step toward his confirmation hearing before the Senate Banking Committee on April 21.

Warsh's holdings include two investments in the Juggernaut Fund LP, each exceeding $50 million, as well as stakes in THSDFS LLC with individual values up to $5 million. He also reported dozens of other assets, such as equity in United Parcel Service, SpaceX, prediction-market firm Polymarket, and various tech startups including Cafe X, Cionic, Blast and Contraline. The filing lists around 1,800 individual assets, though many details remain obscured by confidentiality agreements.

In 2025, Warsh earned more than $10 million in consulting fees from billionaire investor Stanley Druckenmiller's office, along with board compensation from UPS and speaking fees from firms like Warburg Pincus and Eli Lilly. His wife, Jane Lauder, an Estee Lauder heiress with an estimated net worth of $1.9 billion, holds separate municipal bonds valued over $1 million.

Warsh pledged to divest the Juggernaut Fund and THSDFS holdings, as well as resign from advisory roles, if confirmed, bringing him into compliance with Fed ethics rules that bar bank stocks, cryptocurrencies and certain other investments. Liabilities include a mortgage up to $5 million from JPMorgan Chase and a revolving credit line from PNC Bank.

A former Federal Reserve governor from 2006 to 2011--appointed by President George W. Bush at age 35, the youngest ever--Warsh holds degrees from Stanford University and Harvard Law School. He worked at Morgan Stanley before joining the Fed and now serves as a Hoover Institution fellow and Stanford lecturer. Trump nominated him in January to succeed Jerome Powell, whose term ends May 15. Powell could continue as a governor until 2028 if no chair is confirmed.

The disclosure positions Warsh as potentially the wealthiest Fed chair in history. Senate Banking Chair Tim Scott predicted the nominee would advance from committee, despite hurdles. Republican Sen. Thom Tillis supports Warsh's credentials but has withheld his vote pending resolution of a Justice Department probe into Powell over Fed headquarters renovations. Tillis called Warsh someone with "impeccable credentials and a clear vision for maintaining the Fed’s independence."

Democrats, including Sen. Elizabeth Warren, have criticized the nomination amid concerns over Fed independence. Scott expects the probe to conclude soon, paving the way for Tillis's support.